Common use of Nature of RSUs Clause in Contracts

Nature of RSUs. The RSUs are mere bookkeeping entries. They represent only the Company's unfunded and unsecured promise to issue Shares on a future date. As a holder of RSUs, Participant has no rights other than as expressly provided herein and the rights of a general creditor of the Company.

Nature of RSUs. The RSUs are mere bookkeeping entries. They represent only the Company's ’s unfunded and unsecured promise to issue Shares on a future date. As a holder of RSUs, Participant has no rights other than as expressly provided herein and the rights of a general creditor of the Company.