Unsecured General Creditor. The Participant has no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has no more rights than those of a general creditor of the Company. The Company’s obligation under the Notice and this Award Agreement will be that of a conditional unfunded and unsecured promise to pay money or property in the future.
Appears in 6 contracts
Samples: Award Agreement (Flotek Industries Inc/Cn/), Award Agreement (Sunlight Financial Holdings Inc.), Restricted Stock Unit Award Agreement (Spartan Acquisition Corp. II)
Unsecured General Creditor. The Participant has shall have no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs SARs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has shall have no more rights than those of a general creditor of the Company. The Company’s obligation under the Notice and this Award Agreement will shall be that of a conditional unfunded and unsecured promise to pay money or property in the future.
Appears in 5 contracts
Samples: Stock Appreciation Right Award Agreement (Guaranty Bancshares Inc /Tx/), Award Agreement (Powell Industries Inc), Award Agreement (LGI Homes, Inc.)
Unsecured General Creditor. The Participant has shall have no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has shall have no more rights than those of a general creditor of the Company. The Company’s obligation under the Notice and this Award Agreement will shall be that of a conditional unfunded and unsecured promise to pay money or property in the future.
Appears in 3 contracts
Samples: Award Agreement (Tapstone Energy Inc.), Award Agreement (Tapstone Energy Inc.), Restricted Stock Unit Award Agreement (Warren Resources Inc)
Unsecured General Creditor. The Participant has shall have no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs SARs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has shall have no more rights than those of a general creditor of the Company. The Company’s obligation under the Notice and this Award Agreement will shall be that of a conditional unfunded and unsecured promise to pay money or property in the future.
Appears in 2 contracts
Samples: Award Agreement (Tapstone Energy Inc.), Award Agreement (Warren Resources Inc)
Unsecured General Creditor. The Participant has no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has no more rights than those of a general creditor of the Company. The Company’s 's obligation under the Notice and this Award Agreement will be that of a conditional unfunded and unsecured promise to pay money or property in the future.
Appears in 2 contracts
Samples: Award Agreement (Sunlight Financial Holdings Inc.), Restricted Stock Unit Award Agreement (Sunlight Financial Holdings Inc.)
Unsecured General Creditor. The Participant has shall have no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs Performance Units hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has shall have no more rights than those of a general creditor of the Company. The Company’s obligation under the Notice and this Award Agreement will shall be that of a conditional unfunded and unsecured promise to pay money or property in the future.
Appears in 1 contract
Unsecured General Creditor. The Participant has no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has no more rights than those of a general creditor of the Company. The Company’s obligation under the Notice and this Award Agreement will be that of a conditional unfunded and unsecured promise to pay money or property in the future.. * * * * *
Appears in 1 contract
Unsecured General Creditor. The Participant has shall have no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant has shall have no more rights than those of a general creditor of the Company. The Company’s obligation under the Notice and this Award Agreement will shall be that of a conditional unfunded and unsecured promise to pay money or property in the future.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Powell Industries Inc)
