Unfunded Status Clause Example from Business Contracts

This example Unfunded Status clause appears in 9 contracts from 3 companies

Unfunded Status. The 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 Phantom Units as provided herein. By accepting this grant of Phantom Units, the Grantee understands that this grant does not confer any legal or equitable right (other than those constituting the Phantom 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. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. View More Arrow
Found in CVR PARTNERS, LP contract
CVR ENERGY INC Contracts

Form of CVR Partners, LP Long-Term Incentive Plan Employee Phantom Unit Agreement (Executive) (Filed With SEC on February 23, 2022)

Form of CVR Partners, LP Long-Term Incentive Plan Employee Phantom Unit Agreement (Filed With SEC on February 23, 2022)

Form of CVR Refining, LP Long-Term Incentive Plan Employee Phantom Unit Agreement (Filed With SEC on February 26, 2018)

CVR REFINING, LP LONG-TERM INCENTIVE PLAN EMPLOYEE PHANTOM UNIT AGREEMENT (Filed With SEC on February 20, 2015)

CVR PARTNERS, LP Contracts

Form of CVR Partners, LP Long-Term Incentive Plan Employee Phantom Unit Agreement (Executive) (Filed With SEC on February 23, 2022)

Form of CVR Partners, LP Long-Term Incentive Plan Employee Phantom Unit Agreement (Filed With SEC on February 23, 2022)

Form of Employee Phantom Unit Agreement (Filed With SEC on February 23, 2018)

CVR Refining, LP Contracts

Form of CVR Refining, LP Long-Term Incentive Plan Employee Phantom Unit Agreement (Filed With SEC on February 26, 2018)

CVR REFINING, LP LONG-TERM INCENTIVE PLAN EMPLOYEE PHANTOM UNIT AGREEMENT (Filed With SEC on February 20, 2015)