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Unfunded Status of Awards
Unfunded Status of Awards contract clause examples

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the relevant Group Entity.

Unfunded Status of Awards. The Plan is intended to 1">be1">constitute an “unfunded” plan for incentive compensation. With respect to any3"> cash payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award 5">Agreement shall give the5">gives any such Participant any rights that are greater than those of a general creditor of the 7">relevant Group Entity.7">Company.

0">Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the relevant Group Entity.

Unfunded Status of Awards. 1">The1">This Plan is intended to 3">be3">constitute an 5">“unfunded5">unfunded plan for incentive compensation. 7">With respect7">Prior to 9">the payout of any11"> payments not yet made to a Participant pursuant to an Award, nothing contained 13">in the Plan or any Award Agreement13">herein shall give 15">the15">any Participant any rights that are greater than those of a general creditor of the 17">relevant Group Entity.17">Company.

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a 1">Participant1">Holder pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the 3">Participant3">Holder any rights that are greater than those of a general creditor of the 5">relevant Group5">Company, any Subsidiary or any Related Entity.

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a 1">Participant1">Holder pursuant to an Award, nothing contained in the Plan or any 3">Program or Award Agreement shall give the 5">Participant5">Holder any rights that are greater than those of a general creditor of the 7">relevant Group Entity.7">Company or any Affiliate.

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a 1">Participant1">Holder pursuant to an Award, nothing contained in the Plan or any 3">Program or Award Agreement shall give the 5">Participant5">Holder any rights that are greater than those of a general creditor of the 7">relevant Group Entity.7">Company or any Affiliate.

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a 1">Participant1">Holder pursuant to an Award, nothing contained in the Plan or any 3">Program or Award Agreement shall give the 5">Participant5">Holder any rights that are greater than those of a general creditor of the 7">relevant Group Entity.7">Company or any Affiliate.

Unfunded Status of Awards. The Plan is intended to 1">be1">constitute an “unfunded” plan for incentive3"> and deferred compensation. With respect to any payments not yet made to a 5">Participant5">Grantee pursuant to an Award, nothing contained in the Plan or any Award 7">Agreement shall give 9">the Participant9">any such Grantee any rights that are greater than those of a general creditor of the 11">relevant Group Entity.11">Company.

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a 1">Participant1">Holder pursuant to an Award, nothing contained in the Plan or any 3">Program or Award Agreement shall give the 5">Participant5">Holder any rights that are greater than those of a general creditor of the 7">relevant Group Entity.7">Company or any Subsidiary.

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a 1">Participant1">Grantee pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the 3">Participant3">Grantee any rights that are greater than those of a general creditor of the 5">relevant Group Entity.5">Partnership or any Subsidiary.

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