Company's Obligation Clause Example with 4 Variations from Business Contracts

This page contains Company's Obligation clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Company's Obligation. Each Milestone-based RSU represents the right to receive a Share of Common Stock of the Company on the Vesting Date (as defined below) if and to the extent that the vesting conditions established by or pursuant to the Notice of Grant, this Agreement and the Plan have been satisfied. Unless and until RSUs vest, the Participant will have no right to receive Shares (or any other payment) in connection with such RSUs. Prior to actual distribution of Shares in settlement of any vested RSUs, such RSUs... represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. View More
Found in Cypress Semiconductor Corp contract

Variations of a "Company's Obligation" Clause from Business Contracts

Company's Obligation. Each Milestone-based RSU represents the right of the Holder to receive a Share one share of Cypress Common Stock (as adjusted in accordance with Section 12.2 of the Company Plan, a "Share") on the Vesting Date (as defined below) if and to the extent that the date on which all applicable vesting conditions established by or pursuant to the Notice of Grant, this Agreement Agreement, and the Plan have been satisfied. satisfied (the "Vesting Date"). Unless and until RSUs vest, the Participant Holder... will have no right to receive Shares (or any other payment) in connection with such RSUs. Prior to actual distribution of Shares in settlement of any vested RSUs, such RSUs represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. View More
Found in Cypress Semiconductor Corp contract
Company's Obligation. Each Milestone-based RSU represents the right to receive a Share one share of Cypress Common Stock (as adjusted in accordance with Section 12.2 of the Company Plan, a "Share") on the Vesting Date (as defined below) if and to the extent that the vesting conditions established by or pursuant to the Notice of Grant, this Agreement and the Plan have been satisfied. Unless and until RSUs vest, the Participant Holder will have no right to receive Shares (or any other payment) in connection with such R...SUs. Prior to actual distribution of Shares in settlement of any vested RSUs, such RSUs represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. View More
Found in Cypress Semiconductor Corp contract
Company's Obligation. Each Milestone-based RSU represents the right of the Participant to receive a Share of Common Stock of the Company on the Vesting Date (as defined below) if and to the extent that the date on which all applicable vesting conditions established by or pursuant to the Notice of Grant, this Agreement Agreement, and the Plan have been satisfied. satisfied (the "Vesting Date"). Unless and until RSUs vest, the Participant will have no right to receive Shares (or any other payment) in connection with su...ch RSUs. Prior to actual distribution of Shares in settlement of any vested RSUs, such RSUs represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. View More
Found in Cypress Semiconductor Corp contract
Company's Obligation. Each Milestone-based performance-based RSU represents the right to receive a Share of Common Stock of the Company on the Vesting Date (as defined below) if and to the extent that the vesting conditions established by or pursuant to the Notice of Grant, this Agreement and the Plan have been satisfied. Unless and until RSUs vest, the Participant will have no right to receive Shares (or any other payment) in connection with such RSUs. Prior to actual distribution of Shares in settlement of any vest...ed RSUs, such RSUs represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. View More
Found in Cypress Semiconductor Corp contract