Unsecured Obligations Clause Example from Business Contracts

This example Unsecured Obligations clause appears in 2 contracts from 1 company

Unsecured Obligations. Your Award is unfunded and you will be considered an unsecured creditor of the Company with respect to the Company's obligation, if any, to issue Common Shares pursuant to this Award Agreement. You will not have voting or any other rights as a stockholder of the Company with respect to the Common Shares subject to your Award until such Common Shares are delivered to you pursuant to Section 3 of this Award Agreement. Upon such delivery, you will obtain full voting and other rights as a stockholde...r of the Company. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person. View More
Found in Bausch Health Companies Inc. contract
Bausch Health Companies Inc. Contracts

Form of Restricted Stock Unit Award Agreement (Restricted Stock Units), under the 2014 Omnibus Incentive Plan (Filed With SEC on February 28, 2018)

VALEANT PHARMACEUTICALS INTERNATIONAL, INC. 2014 OMNIBUS INCENTIVE PLAN FORM OF RESTRICTED STOCK UNIT AWARDAGREEMENT (RESTRICTED STOCK UNITS) (Filed With SEC on March 1, 2017)