Forfeiture Recovery of Compensation Clause Example from Business Contracts

Forfeiture Recovery of Compensation. By accepting, or being deemed to have accepted, the Share Option, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the Share Option, including the right to any Shares acquired under the Share Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any applicable clawback or recoupment po...licy of the Company. Nothing in the preceding sentence will be construed as limiting the general application of Section 8 of this Agreement. View More