Compensation Recoupment Policy Contract Clauses (80)

Grouped Into 7 Collections of Similar Clauses From Business Contracts

This page contains Compensation Recoupment Policy clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Compensation Recoupment Policy. Notwithstanding Section 10 above, this Award shall be subject to any compensation recoupment policy of the Company that is applicable by its terms to you and to Awards of this type.
Compensation Recoupment Policy. Notwithstanding Section 10 17 above, this Award shall be subject to any compensation recoupment policy of the Company that is applicable by its terms to you and to Awards of this type.
Compensation Recoupment Policy. Notwithstanding Section 10 above, this Award shall The Units will be subject to any compensation recoupment policy of the Company that is applicable by its terms to you and to Awards awards of this type.
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Compensation Recoupment Policy. Any incentive compensation, including, but not limited to, cash-based and equity-based compensation, awarded to Executive by Employer shall be subject to any written compensation recoupment policy that the Compensation Committee may adopt from time to time that is applicable by its terms to Executive. In addition, the Compensation Committee may specify in any written documentation memorializing an incentive award that Executive's rights, payments, and benefits with respect to such award shall be... subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable conditions of such award. Such events may include, but shall not be limited to: (i) termination of employment for Cause, (ii) violation of material Company or Bank policies, (iii) breach of noncompetition, confidentiality, or other restrictive covenants, (iv) other conduct by Executive that is detrimental to the business or reputation of the Employer, or (v) a later determination that the amount realized from a performance-based award was based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria, whether or not Executive caused or contributed to such material inaccuracy. The reduction, cancellation, forfeiture, and recoupment rights associated with any equity awards or similar awards granted to Executive, if any, shall be as provided in the award certificate memorializing any such award. View More
Compensation Recoupment Policy. Any incentive compensation, including, but not limited to, cash-based and equity-based compensation, awarded to Executive by Employer the Successor Company or the Bank shall be subject to any written compensation recoupment policy that the Compensation Committee Successor Company or the Bank may adopt from time to time that is applicable by its terms to Executive. In addition, the Compensation Committee may specify in any written documentation memorializing an incentive award that Executive's ri...ghts, payments, payments and benefits with respect to such award shall be subject to reduction, cancellation, forfeiture, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable conditions of such award. Such events may include, but shall not be limited to: to, (i) termination of employment for Cause, (ii) violation of material Company or Bank policies, (iii) breach of noncompetition, confidentiality, confidentiality or other restrictive covenants, (iv) other conduct by Executive that is detrimental to the business or reputation of the Employer, Successor Company or the Bank or any affiliate, or (v) a later determination that the amount realized from a performance-based award was based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria, whether or not Executive caused or contributed to such material inaccuracy. The reduction, cancellation, forfeiture, forfeiture and recoupment rights associated with any equity awards or similar awards granted to Executive, if any, shall be as provided in the award certificate memorializing any such award. 19 of 21 15. Indemnification. The Bank shall indemnify Executive for liabilities incurred by him while acting in good faith in his capacity as a director or an officer to the fullest extent provided for any other officer or director of the Bank. To the extent the Bank maintains director and officer liability insurance, such insurance shall cover Executive to the same extent as any other officer or director of the Bank. The Bank's obligations under this Section 15 shall survive any termination of this Agreement and Executive's employment hereunder. View More
Compensation Recoupment Policy. Any incentive compensation, including, but not limited to, cash-based and equity-based compensation, awarded to Executive by Employer the Successor Company or the Bank shall be subject to any written compensation recoupment policy that the Compensation Committee Successor Company or the Bank may adopt from time to time that is applicable by its terms to Executive. In addition, the Compensation Committee may specify in any written documentation memorializing an incentive award that Executive's ri...ghts, payments, payments and benefits with respect to such award shall be subject to reduction, cancellation, forfeiture, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable conditions of such award. Such events may include, but shall not be limited to: to, (i) termination of employment for Cause, (ii) violation of material Company or Bank policies, (iii) breach of noncompetition, confidentiality, confidentiality or other restrictive covenants, (iv) other conduct by Executive that is detrimental to the business or reputation of the Employer, Successor Company or the Bank or any affiliate, or (v) a later determination that the amount realized from a performance-based award was based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria, whether or not Executive caused or contributed to such material inaccuracy. The reduction, cancellation, forfeiture, forfeiture and recoupment rights associated with any equity awards or similar awards granted to Executive, if any, shall be as provided in the award certificate memorializing any such award. View More
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Compensation Recoupment Policy. Notwithstanding any other provision of this Agreement, the Participant shall reimburse or return to the Company the gross number of shares of Common Stock that the Participant received (or would have received absent a "net exercise" procedure) under this Agreement or, if greater, the amount of gross proceeds from any earlier sale of any such shares of Common Stock, plus any other amounts received with respect to this Award, to the extent any reimbursement, recoupment or return is required under ...applicable law or the Company's Compensation Recoupment Policy or any similar policy that the Company may adopt. View More
Compensation Recoupment Policy. Notwithstanding any other provision of this Agreement, the Participant shall reimburse or return to the Company the gross number of shares of Common Stock that the Participant received (or would have received absent a "net exercise" procedure) under this Agreement or, if greater, the amount of gross proceeds from any earlier sale of any such shares of Common Stock, plus any other amounts received with respect to this Award, to the extent any reimbursement, recoupment or return is required under ...applicable law or the Company's Compensation Recoupment Policy or any similar policy that the Company may adopt. adopt.20. Governing Law. This Agreement shall be governed by the governing laws applicable to the Plan. View More
Compensation Recoupment Policy. Notwithstanding any other provision of this Agreement, the Participant shall reimburse or return to the Company the gross number of shares of Common Stock that the Participant received (or would have received absent a "net exercise" procedure) on settlement of the Restricted Stock Units under this Agreement or, if greater, the amount of gross proceeds from any earlier sale of any such shares of Common Stock, plus any other amounts received with respect to this Award, to the extent any reimbursem...ent, recoupment or return is required under applicable law or the Company's Compensation Recoupment Policy or any similar policy that the Company may adopt. adopt.19. Governing Law. This Agreement shall be governed by the laws of the State of Delaware, except to the extent federal law applies. View More
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Compensation Recoupment Policy. The Option and any Shares issued thereunder shall be subject to any compensation recoupment policy of Ceridian that is applicable by its terms to Optionee and to awards of this type. For purposes of the foregoing, Optionee expressly and explicitly authorizes Ceridian to issue instructions, on Optionee's behalf, to any brokerage firm and/or third-party administrator engaged by Ceridian to hold Shares and other amounts acquired under the Plan to re-convey, transfer or otherwise return such Shares ...and/or other amounts to Ceridian. Dated Effective: CERIDIAN HCM HOLDING INC. By Authorized Officer By signing below, I agree to comply with the requirements of this Notice: Optionee's Printed Name: Optionee's Signature: Date signed by Optionee: , 2019 THIS OPTION GRANT NOTICE WILL AUTOMATICALLY BECOME NULL AND VOID IF NOT: (1) SIGNED BY OPTIONEE AND RETURNED TO CERIDIAN HCM HOLDING INC. BY__________ AND (2) COUNTER-SIGNED BELOW BY CERIDIAN HCM HOLDING INC. AFTER RECEIPT OF OPTIONEE'S SIGNATURE Countersigned by: CERIDIAN HCM HOLDING INC. By Authorized Officer This Notice and the Option are valid only to the extent that the number of Option Shares corresponds to the records of Ceridian's Corporate Secretary, and will automatically become null and void if not signed and returned by Optionee by _________ and counter-signed by Ceridian HCM Holding Inc. Option Grant Notice Series (2019 -___); Grant Date (__________) Page 5 NOTIFICATION OF PERFORMANCE-BASED OPTION GRANT FOR PURCHASE OF COMMON STOCK OF CERIDIAN HCM HOLDING INC. pursuant to the Ceridian HCM Holding Inc. 2018 Equity Incentive Plan ("Plan") COUNTRY ADDENDUM This Country Addendum to the Notice includes additional terms and conditions that govern the Option and Optionee's participation in the Plan if Optionee resides and/or works outside of the United States. If Optionee transfers to another country reflected in this Country Addendum, the additional terms and conditions for such country (if any) will apply to Optionee to the extent Ceridian determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable for legal or administrative reasons (or Ceridian may establish alternative terms as may be necessary or advisable to accommodate Optionee's transfer). Capitalized terms not defined in this Country Addendum but defined in the Notice or the Plan shall have the same meaning as in the Notice or the Plan. AUSTRALIA 1. Breach of Law. Notwithstanding anything to the contrary in the Notice or the Plan, Optionee will not be entitled to, and shall not claim any benefit (including without limitation a legal right) under the Plan if the provision of such benefit would give rise to a breach of Part 2D.2 of the Corporations Act 2001 (Cth) (or any successor provision), any other provision of that Act, or any other applicable statute, rule or regulation which limits or restricts the giving of such benefits. View More
Compensation Recoupment Policy. The Option and any Shares issued thereunder shall be subject to any compensation recoupment policy of Ceridian that is applicable by its terms to Optionee and to awards of this type. For purposes of the foregoing, Optionee expressly and explicitly authorizes Ceridian to issue instructions, on Optionee's behalf, to any brokerage firm and/or third-party administrator engaged by Ceridian to hold Shares and other amounts acquired under the Plan to re-convey, transfer or otherwise return such Shares ...and/or other amounts to Ceridian. Dated Effective: May 8, 2020 CERIDIAN HCM HOLDING INC. By /s/ William E. McDonald Authorized Officer By signing below, I agree to comply with the requirements of this Notice: Optionee's Printed Name: David Ossip Optionee's Signature: /s/ David Ossip Date signed by Optionee: August 1 , 2019 THIS OPTION GRANT NOTICE WILL AUTOMATICALLY BECOME NULL AND VOID IF NOT: (1) SIGNED BY OPTIONEE AND RETURNED TO CERIDIAN HCM HOLDING INC. BY__________ BY AUGUST 8, 2020 AND (2) COUNTER-SIGNED BELOW BY CERIDIAN HCM HOLDING INC. AFTER RECEIPT OF OPTIONEE'S SIGNATURE Countersigned by: CERIDIAN HCM HOLDING INC. By /s/ William E. McDonald Authorized Officer This Notice and the Option are valid only to the extent that the number of Option Shares corresponds to the records of Ceridian's Corporate Secretary, and will automatically become null and void if not signed and returned by Optionee by _________ August 8, 2020 and counter-signed by Ceridian HCM Holding Inc. Option Grant Notice Series (2019 -___); Grant Date (__________) Page 5 NOTIFICATION OF PERFORMANCE-BASED OPTION GRANT FOR PURCHASE OF COMMON STOCK OF CERIDIAN HCM HOLDING INC. pursuant to the Ceridian HCM Holding Inc. 2018 Equity Incentive Plan ("Plan") COUNTRY ADDENDUM This Country Addendum to the Notice includes additional terms and conditions that govern the Option and Optionee's participation in the Plan if Optionee resides and/or works outside of the United States. If Optionee transfers to another country reflected in this Country Addendum, the additional terms and conditions for such country (if any) will apply to Optionee to the extent Ceridian determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable for legal or administrative reasons (or Ceridian may establish alternative terms as may be necessary or advisable to accommodate Optionee's transfer). Capitalized terms not defined in this Country Addendum but defined in the Notice or the Plan shall have the same meaning as in the Notice or the Plan. AUSTRALIA 1. Breach of Law. Notwithstanding anything to the contrary in the Notice or the Plan, Optionee will not be entitled to, and shall not claim any benefit (including without limitation a legal right) under the Plan if the provision of such benefit would give rise to a breach of Part 2D.2 of the Corporations Act 2001 (Cth) (or any successor provision), any other provision of that Act, or any other applicable statute, rule or regulation which limits or restricts the giving of such benefits. View More
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Compensation Recoupment Policy. The Restricted Stock Units and any Shares issued thereunder shall be subject to any compensation recoupment policy of the Company that is applicable by its terms to the Participant and to awards of this type. For purposes of the foregoing, the Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant's behalf, to any brokerage firm and/or third-party administrator engaged by the Company to hold Shares and other amounts acquired under the Plan to re-con...vey, transfer or otherwise return such Shares and/or other amounts to the Company. View More
Compensation Recoupment Policy. The Restricted Stock Units Option and any Shares issued thereunder shall be subject to any compensation recoupment policy of the Company that is applicable by its terms to the Participant Optionee and to awards of this type. For purposes of the foregoing, the Participant Optionee expressly and explicitly authorizes the Company to issue instructions, on the Participant's Optionee's behalf, to any brokerage firm and/or third-party administrator engaged by the Company to hold Shares and other amoun...ts acquired under the Plan to re-convey, transfer or otherwise return such Shares and/or other amounts to the Company. View More
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Compensation Recoupment Policy. Notwithstanding any other provision of this Agreement, the rights, payments and benefits with respect to the RSUs (including any amounts received by Participant in connection with a sale of Shares received upon the vesting of the RSUs) shall be subject to reduction, reimbursement, cancellation, forfeiture, recoupment or return by the Company, to the extent any reduction, reimbursement, cancellation, forfeiture, recoupment or return is required under applicable law or the Company's Compensation R...ecoupment Policy or any similar policy that the Company may adopt. View More
Compensation Recoupment Policy. Notwithstanding any other provision of this Agreement, the rights, payments and benefits with respect to the RSUs PSUs (including the Shares and any amounts received by Participant in connection with a sale of Shares received upon the vesting of the RSUs) units) shall be subject to reduction, reimbursement, cancellation, forfeiture, recoupment or return by the Company, to the extent any reduction, reimbursement, cancellation, forfeiture, recoupment or return is required under applicable law or t...he Company's Compensation Recoupment Policy Policy, as may be amended or adopted from time to time, or any similar policy that the Company may adopt. View More
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Compensation Recoupment Policy. Employee hereby acknowledges and agrees that Employee, the Performance Award and the Bonus Award are subject to the Company's compensation recoupment policy as contained in the Company's Code of Conduct (the "Policy"), as amended from time to time, and the terms and conditions of the Policy are hereby incorporated by reference into this Agreement.
Compensation Recoupment Policy. Employee hereby acknowledges and agrees that Employee, the Performance Award Employee and the Bonus Award are subject to the Company's compensation recoupment policy as contained in the Company's Code of Conduct (the "Policy"), as amended from time to time, and the terms and conditions of the Policy are hereby incorporated by reference into this Agreement.
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