RSUs. RSUs constitute an unfunded and unsecured promise of the Company to deliver to the Participant, subject to the satisfaction of the vesting conditions set forth in Section 3 below and the other terms and conditions of this Agreement and the Plan, that number of shares of Common Stock referenced by the RSUs. Until such delivery, the Participant shall have the rights of a general unsecured creditor of the Company with respect to the RSUs and shall not have any rights as a stockholder of the Company.
Appears in 4 contracts
Sources: Restricted Stock Unit Agreement (Delek US Holdings, Inc.), Restricted Stock Unit Agreement (Delek US Holdings, Inc.), Restricted Stock Unit Agreement (Delek US Holdings, Inc.)
RSUs. RSUs constitute an unfunded and unsecured promise of the Company to deliver to the Participant, subject to the satisfaction of the vesting conditions set forth in Section 3 below and the other terms and conditions of this Agreement and the Plan, a cash payment calculated by reference to that number of shares of Common Stock referenced by the RSUs. Until such delivery, At all times the Participant shall have the rights of a general unsecured creditor of the Company with respect to the RSUs and shall not have any rights as a stockholder of the Company.
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Delek US Holdings, Inc.)
RSUs. RSUs constitute an unfunded and unsecured promise of the Company to deliver to the ParticipantRecipient, subject to the satisfaction of the vesting conditions set forth in Section 3 below and the other terms and conditions of this Agreement and the Plan, that number of shares of Common Stock referenced by the RSUs. Until such delivery, the Participant Recipient shall have the rights of a general unsecured creditor of the Company with respect to the RSUs and shall not have any rights as a stockholder of the Company.
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Labranche & Co Inc)