Recoupment Clause Example with 6 Variations from Business Contracts

This page contains Recoupment clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Recoupment. If a Covered Employee fails to comply with the terms of the Plan, including the provisions of Section 6 above, the Company may require payment to the Company of any benefits described in Sections 7 and 8 above that the Covered Employee has already received to the extent permitted by applicable law and with the "value" determined in the sole discretion of the Plan Administrator. Payment is due in cash or by check within 10 days after the Company provides notice to a Covered Employee that it is en...forcing this provision. Any benefits described in Sections 7 and 8 above not yet received by such Covered Employee will be immediately forfeited. View More
Found in CATABASIS PHARMACEUTICALS INC contract

Variations of a "Recoupment" Clause from Business Contracts

Recoupment. If it is determined by a court of competent jurisdiction that a Covered Employee fails failed to comply with the terms of the Plan, including the provisions of Section 6 above, hereof, the Company may require payment to the Company of any benefits described in Sections 7 and 8 above hereof that the Covered Employee has already received received, to the extent permitted by applicable law law, and with the "value" determined in the sole discretion of the Plan 7 Administrator. Payment is due in cas...h or by check within 10 ten (10) business days after the Company provides written notice to a Covered Employee that it is enforcing this provision. Any In such event, any benefits described in Sections 7 and 8 above hereof not yet received by such Covered Employee will be immediately and automatically forfeited. View More
Found in Blue Apron Holdings, Inc. contract
Recoupment. If a Covered Employee fails to comply with the terms of the Plan, including the provisions of Section 6 above, the Company may require payment to the Company of any payments or benefits described provided in Sections 7 7, 8 and 8 9 above that the Covered Employee has already received to the extent permitted by applicable law and with the "value" determined in the sole discretion of the Plan Administrator. Payment is due in cash or by check within 10 days after the Company provides notice to a Co...vered Employee that it is enforcing this provision. Any benefits described in Sections 7 7, 8 and 8 above 9 not yet received by such Covered Employee will be immediately forfeited. View More
Found in AGIOS PHARMACEUTICALS INC contract
Recoupment. If a Covered Employee fails to comply with the terms of the this Plan, including the provisions of Section 6 above, and/or fails to comply with the terms of the Separation Agreement, the Company may require payment repayment to the Company of any benefits described in Sections 7 and 8 above that the Covered Employee has already received to the extent permitted by applicable law and with the "value" determined in the sole and good faith discretion of the Plan Administrator. Payment is due in cash... or by check within 10 days thirty (30) days, or such earlier date as may be required by law or by any clawback policy that the Company adopts, after the Company provides notice to a Covered Employee that it is enforcing this provision. Any benefits described in Sections 7 and 8 above not yet received by such Covered Employee will be immediately forfeited. View More
Found in Vor Biopharma Inc. contract
Recoupment. If a Covered Employee fails to comply with the terms of the Plan, including the provisions of Section 6 above, the Company or its Applicable Subsidiary may require payment repayment to the Company or the Applicable Subsidiary, as applicable, of any benefits described in Sections 7 and 8 above that the Covered Employee has already received to the extent permitted by applicable law and with the "value" determined in the sole discretion of the Plan Administrator. Payment is due in cash or by check ...within 10 days after the Company or its Applicable Subsidiary provides notice to a Covered Employee that it is enforcing this provision. Any benefits described in Sections 7 and 8 above not yet received by such Covered Employee will be immediately forfeited. View More
Found in Galecto Inc. contract
Recoupment. If a Covered Employee fails to comply with the terms of the Plan, including the provisions of Section 6 above, the Company may require payment to the Company of any benefits described in Sections 7 and 8 above that the Covered Employee has already received to the extent permitted by applicable law and with the "value" determined in the sole and good faith discretion of the Plan Administrator. Payment is due in cash or by check within 10 days 7 thirty (30) days, or such earlier date as may be req...uired by law or by any clawback policy that the Company adopts, after the Company provides notice to a Covered Employee that it is enforcing this provision. Any benefits described in Sections 7 and 8 above not yet received by such Covered Employee will be immediately forfeited. View More
Found in Acacia Communications, Inc. contract
Recoupment. If a Covered Employee fails to comply with the terms of the Plan, including the provisions of Section 6 above, the Company may require payment to the Company of any benefits described in Sections 7 and 8 above that the Covered Employee has already received to the extent permitted by applicable law and with the "value" determined in the sole and good faith discretion of the Plan Administrator. Payment is due in cash or by check within 10 days thirty (30) days, or such earlier date as may be requi...red by law or by any clawback policy that the Company adopts, after the Company provides notice to a Covered Employee that it is enforcing this provision. Any benefits described in Sections 7 and 8 above not yet received by such Covered Employee will be immediately forfeited. View More
Found in Schrodinger, Inc. contract