Unsecured General Creditor Contract Clauses (118)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Unsecured General Creditor clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Unsecured General Creditor. Except as provided in Section 9, Participants and their beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, interest, or claims in any property or assets of the Company. The assets of the Company shall not be held under any trust for the benefit of Participants, their beneficiaries, heirs, successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all Company assets shall be,... and remain, the general, unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company to pay money in the future. View More Arrow
Found in Boise Cascade Company contract
Unsecured General Creditor. Except as provided The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company to pay money in Section 9, the future. The Plan does not grant Participants and their beneficiaries, heirs, successors, and assigns shall have no any legal or equitable rights, right, interest, or claims claim in any property or assets of the Company. The assets of the Company shall not be held under any trust for the benefit of Participants, their beneficiaries, heirs,... successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all Company assets shall be, and remain, the general, unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company to pay money in the future. View More Arrow
Found in IEC ELECTRONICS CORP contract
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Unsecured General Creditor. The Participant shall have no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant shall have no more rights than those of a general creditor of the Company. The Company's obligation under the Notice and this Award Agreement shall be that of a conditional unfunded and unsecured promise to... pay money or property in the future. View More Arrow
Found in Tapstone Energy Inc. contract
Unsecured General Creditor. The Participant shall have has no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant shall have has no more rights than those of a general creditor of the Company. The Company's obligation under the Notice and this Award Agreement shall will be that of a conditional unfunded and unsecured... promise to pay money or property in the future. View More Arrow
Found in SOUTH PLAINS FINANCIAL, INC. contract
Unsecured General Creditor. The Participant shall have has no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant shall have has no more rights than those of a general creditor of the Company. The Company's obligation under the Notice and this Award Agreement shall will be that of a conditional unfunded and unsecured... promise to pay money or property in the future. View More Arrow
Found in Spirit of Texas Bancshares, Inc. contract
Unsecured General Creditor. The Participant shall have has no legal or equitable rights, interests or claims in any property or assets of the Company due to the Notice, this Award Agreement and the grant of RSUs hereunder. For purposes of the payment of benefits under the Notice and this Award Agreement, the Participant shall have has no more rights than those of a general creditor of the Company. The Company's obligation under the Notice and this Award Agreement shall will be that of a conditional unfunded and unsecured... promise to pay money or property in the future. View More Arrow
Found in Bank7 Corp. contract
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