Unfunded Status Contract Clauses (57)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Unfunded Status clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Unfunded Status. The Notional Units constitute an unfunded and unsecured promise of the Partnership to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Units as provided herein. By accepting this grant of Notional Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the Notional Units) against the Partnersh...ip or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. View More
Found in CVR Refining, LP contract
View All 9 Similar Clauses
Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date Vesting Date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those con...stituting the Notional Incentive Units) against the Partnership Company or any of its Subsidiaries or Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Subsidiaries or Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Company.21. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership Company for all purposes. View More
Found in CVR ENERGY INC contract
Unfunded Status. The Notional Phantom Units constitute an unfunded and unsecured promise of the Partnership to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Phantom Units as provided herein. By accepting this grant of Notional Phantom Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the Notional Phan...tom Units) against the Partnership or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Partnership. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. View More
Found in CVR PARTNERS, LP contract
Unfunded Status. The Notional Phantom Units constitute an unfunded and unsecured promise of the Partnership to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Phantom Units as provided herein. By accepting this grant of Notional Phantom Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the Notional Phan...tom Units) against the Partnership or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Partnership. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. View More
Found in CVR Refining, LP contract
View Variations (9)
Unfunded Status. The Bonus Award constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms and conditions of this Agreement and the Plan, payment in respect of the Award as provided herein. By accepting this Bonus Award, the Participant understands that this grant does not confer any legal or equitable right (other than those constituting the Bonus Award) against the Company or any of its affiliates, directly or indirectly, or give... rise to any cause of action at law or in equity against the Company or any of its affiliates. The rights of the Participant (or any person claiming through the Participant) under this Agreement shall be solely those of an unsecured general creditor of the Company. View More
Found in TENNECO INC contract
Unfunded Status. The Bonus Performance Award constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms and conditions of this Agreement and the Plan, payment in respect of the Award as provided herein. By accepting this Bonus Performance Award, the Participant understands that this grant does not confer any legal or equitable right (other than those constituting the Bonus Performance Award) against the Company or any of its affilia...tes, directly or indirectly, or give rise to any cause of action at law or in equity against the Company or any of its affiliates. The rights of the Participant (or any person claiming through the Participant) under this Agreement shall be solely those of an unsecured general creditor of the Company. View More
Found in Tropicana Entertainment Inc. contract
Unfunded Status. The Bonus Performance Award constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms and conditions of this Agreement and the Plan, payment in respect of the Award as provided herein. By accepting this Bonus Performance Award, the Participant understands that this grant does not confer any legal or equitable right (other than those constituting the Bonus Performance Award) against the Company or any of its affilia...tes, directly or indirectly, or give rise to any cause of action at law or in equity against the Company or any of its affiliates. The rights of the Participant (or any person claiming through the Participant) under this Agreement shall be solely those of an unsecured general creditor of the Company. View More
Found in Federal-Mogul Holdings Corp contract
View Variations (2)
Unfunded Status. The Performance Units and the bookkeeping account to which they are credited shall not be deemed to create a trust or other funded arrangement. Your rights with respect to the Award shall be those of a general unsecured creditor of the Company, and under no circumstances shall you have any other interest in any asset of the Company by virtue of the Award.
Found in FTI Consulting, Inc. contract
Unfunded Status. The Performance Units or CIC Cash Value, as the case may be, and the bookkeeping account to which they or it are credited shall not be deemed to create a trust or other funded arrangement. Your rights with respect to the Award shall be those of a general unsecured creditor of the Company, and under no circumstances shall you have any other interest in any asset of the Company by virtue of the Award.
Found in FTI Consulting, Inc. contract
View Variation