Common use of Unsecured Promise Clause in Contracts

Unsecured Promise. The RSUs will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets.

Appears in 10 contracts

Samples: Employment Agreement (Oscar Health, Inc.), Rsu Award Agreement (Cleanspark, Inc.), Restricted Share Unit Agreement (F-Star Therapeutics, Inc.)

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Unsecured Promise. The RSUs and Dividend Equivalents will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets.

Appears in 4 contracts

Samples: Global Restricted Stock Unit Agreement (Kla Corp), Restricted Stock Unit Grant (Switch, Inc.), Restricted Stock Unit Agreement (Novan, Inc.)

Unsecured Promise. The RSUs will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets. ARTICLE II.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bird Global, Inc.)

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Unsecured Promise. The RSUs and Distribution Equivalents will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (BioXcel Therapeutics, Inc.)

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