Clawback of Proceeds Contract Clauses (22)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Clawback of Proceeds clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Clawback of Proceeds. 5.1. Clawback of Proceeds. This award is subject to the clawback provisions in Section 5.14 of the Plan. 5.2. Right of Setoff. The Holder agrees that by accepting the Award the Holder authorizes the Company and its Affiliates to deduct any amount or amounts owed by the Holder pursuant to this Section 5 from any amounts payable by or on behalf of the Company or any affiliate to the Holder, including, without limitation, any amount payable to the Holder as salary, wages, vacation pay, bonus or the... vesting or settlement of the Award or any share-based award. This right of setoff shall not be an exclusive remedy and the Company's or an Affiliate's election not to exercise this right of setoff with respect to any amount payable to the Holder shall not constitute a waiver of this right of setoff with respect to any other amount payable to the Holder or any other remedy. View More Arrow
Found in Sirius International Insurance Group, Ltd. contract
Clawback of Proceeds. 5.1. 7.1. Clawback of Proceeds. This award is subject If, during the one-year period following Holder's termination of employment Holder materially violates any agreement between Holder and the Company or its Subsidiaries with respect to Section 6 of this Agreement: (i) the Phantom Award shall be forfeited and (ii) the Holder shall immediately remit a cash payment to the clawback provisions Company equal to cash payments received by the Holder or, if the Phantom Award was settled in Section 5.14... Common Stock, the Fair Market Value of a share of Common Stock on the date on which the Company first became aware of such violation or the date of Holder's termination of employment, whichever is greater, multiplied by the number of shares of Common Stock that were delivered to the Holder pursuant to the vesting of the Plan. 5.2. Phantom Award. The remedy provided by this Section 7 shall be in addition to and not in 9 lieu of any rights or remedies which the Company may have against the Holder in respect of a breach by the Holder of any duty or obligation to the Company. 7.2. Right of Setoff. The Holder agrees that by accepting the Phantom Award Notice the Holder authorizes the Company and its Affiliates affiliates to deduct deduct, to the extent permitted by applicable law, any amount or amounts owed by the Holder pursuant to this Section 5 7 from any amounts payable by or on behalf of the Company or any affiliate to the Holder, including, without limitation, any amount payable to the Holder as salary, wages, vacation pay, bonus or the vesting or settlement of the Phantom Award or any share-based stock-based award. This right of setoff shall not be an exclusive remedy and the Company's or an Affiliate's affiliate's election not to exercise this right of setoff with respect to any amount payable to the Holder shall not constitute a waiver of this right of setoff with respect to any other amount payable to the Holder or any other remedy. View More Arrow
Found in BIOLASE, INC contract
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