Common use of Limitation on Obligations Clause in Contracts

Limitation on Obligations. The Company’s obligation with respect to the RSUs granted hereunder is limited solely to the issuance to the Colleague of Shares within the period when such Shares are due to be issued hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The RSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or their designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or their designated entities) or in the certificates themselves.

Appears in 6 contracts

Sources: Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Fully Vested Restricted Share Unit Award Agreement (Willis Towers Watson PLC)

Limitation on Obligations. The Company’s obligation with respect to the RSUs PRSUs granted hereunder is limited solely to the issuance delivery to the Colleague of Shares within the period when such Shares are due to be issued delivered hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The RSUs PRSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or their his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or their his designated entities) or in the certificates themselves.

Appears in 5 contracts

Sources: Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC)

Limitation on Obligations. The Company’s obligation with respect to the RSUs PSUs granted hereunder is limited solely to the issuance to the Colleague of Shares within the period when such Shares are due to be issued hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The RSUs PSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or their designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or their designated entities) or in the certificates themselves.

Appears in 3 contracts

Sources: Performance Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC)

Limitation on Obligations. The Company’s obligation with respect to the RSUs granted hereunder is limited solely to the issuance delivery to the Colleague of Shares within the period when such Shares are due to be issued delivered hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The RSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or their his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or their his designated entities) or in the certificates themselves.

Appears in 2 contracts

Sources: Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC)

Limitation on Obligations. The Company’s obligation with respect to the RSUs PRSUs granted hereunder is limited solely to the issuance delivery to the Colleague Associate of Shares within the period when such Shares are due to be issued delivered hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The RSUs PRSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague Associate for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague Associate (or their his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague Associate (or their his designated entities) or in the certificates themselves.

Appears in 2 contracts

Sources: Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC)

Limitation on Obligations. The Company’s obligation with respect to the RSUs granted hereunder is limited solely to the issuance delivery to the Colleague Executive of Shares within the period when such Shares are due to be issued delivered hereunder, and in no event way shall the Company become obligated to pay cash in respect of such obligation. The RSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague Executive for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague Executive (or their his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague Executive (or their his designated entities) or in the certificates themselves.. 7

Appears in 1 contract

Sources: Restricted Share Unit Award Agreement (Willis Group Holdings PLC)