Unfunded Promise. The LTIP Award constitutes a contingent and unsecured promise of Piedmont and you have only the rights of a general unsecured creditor of Piedmont, including, but not limited to, any rights in respect of settlement of your LTIP Award. You will not be a stockholder with respect to the shares of Stock corresponding to your LTIP Award unless and until your LTIP Award is settled in shares of Stock.
Appears in 2 contracts
Sources: Long Term Incentive Program Award Agreement (Piedmont Office Realty Trust, Inc.), Long Term Incentive Program Award Agreement (Piedmont Office Realty Trust, Inc.)