Company’s Obligation to Pay Clause Example from Business Contracts

This example Company’s Obligation to Pay clause appears in 2 contracts from 1 company

Company’s Obligation to Pay. Unless and until the Restricted Stock Units have vested in the manner set forth in Sections 3 through 5, the Employee will have no right to payment of such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units shall be made in whole shares of the Company's common stock ("Shares") only.
Found in NORTHWEST PIPE CO contract
NORTHWEST PIPE CO Contracts

Form of Restricted Stock Unit Agreement (Filed With SEC on April 1, 2020)

NORTHWEST PIPE COMPANY RESTRICTED STOCK UNIT AGREEMENT (Filed With SEC on June 4, 2014)