Reimbursements Clause Example with 4 Variations from Business Contracts

Reimbursements. In the event that (i) the Company Valmont is required to restate and submit to the Securities and Exchange Commission a restatement of its audited financial statements for a fiscal year after fiscal 2006 due to material noncompliance with any financial reporting requirement and (ii) Employee you engaged in fraud or intentional misconduct that caused or contributed to the need for the restatement, as determined by the Board of Directors, then the Company, in an appropriate case as determined by t...he Board of Directors, shall be entitled to cancel the Option, in whole or part, whether or not vested, (i) immediately terminate and forfeit any Restricted Stock Units and/or (ii) require Employee you to repay return to the Company the value of any gain realized or return any shares received upon the exercise or payment of the Option (with such gain, payment or shares valued previously settled Restricted Stock Units (valued as of the date of exercise settlement with respect thereto), in whole or payment), part, and return of all dividend equivalents and/or dividends paid thereon [add to designated forms -- ; provided further, however, that the Board of Directors may apply this right of reimbursement in all cases to the Chief Executive Officer, Chief Financial Officer, and Group President (if the conduct occurred in the Group) if an Employee of the Company engaged in fraud or intentional misconduct as described above]. thereon. The rights of reimbursement of the Company shall be in addition to any other right of reimbursement provided by law. View More

Reimbursements. In the event that (i) the Company is required to restate and submit to the Securities and Exchange Commission a restatement of its audited financial statements for a fiscal year after fiscal 2006 due to material noncompliance with any financial reporting requirement and (ii) Employee engaged in fraud or intentional misconduct that caused or contributed to the need for the restatement, as determined by the Board of Directors, the Company, in an appropriate case as determined by the Board of Direc...tors, shall be entitled to cancel the Option, Units, in whole or part, whether or not vested, and require Employee to repay to the return of Company any gain realized Stock issued to Employee in settlement of Units in whole or return any shares received upon the exercise or payment of the Option (with such gain, payment or shares valued as of the date of exercise or payment), part, and return of all dividends paid thereon [add to designated forms -- ; provided further, however, that the Board of Directors may apply this right of reimbursement in all cases to the Chief Executive Officer, Chief Financial Officer, and Group President (if the conduct occurred in the Group) if an Employee of the Company engaged in fraud or intentional misconduct as described above]. thereon. The rights of reimbursement of the Company shall be in addition to any other right of reimbursement provided by law. View More

Reimbursements. In the event that (i) the Company is required to restate and submit to the Securities and Exchange Commission a restatement of its audited financial statements for a fiscal year after fiscal 2006 2012 due to material noncompliance with any financial reporting requirement and (ii) Employee engaged in fraud or intentional misconduct that caused or contributed to the need for the restatement, as determined by the Board of Directors, the Company, in an appropriate case as determined by the Board of ...Directors, shall be entitled to (i) cancel the Option, in whole or part, whether or not vested, and forfeit any Restricted Shares and/or (ii) require Employee to repay return to the Company any gain realized or return any shares received upon the exercise or payment value of the Option (with such gain, payment or shares valued Restricted Shares (valued as of the date of exercise the lapse of Forfeiture Restrictions with respect thereto), in whole or payment), part, and return of all dividends paid thereon [add to designated forms -- ; thereon; provided further, however, that the Board of Directors may apply this right of reimbursement in all cases to the Chief Executive Officer, Officer and Chief Financial Officer, and Group President (if the conduct occurred in the Group) Officer if an Employee employee of the Company engaged in fraud or intentional misconduct as described above]. above. The rights of reimbursement of the Company shall be in addition to any other right of reimbursement provided by law. View More

Reimbursements. In the event that (i) the Company Valmont is required to restate and submit to the Securities and Exchange Commission a restatement of its audited financial statements for a fiscal year after fiscal 2006 due to material noncompliance with any financial reporting requirement and (ii) Employee you engaged in fraud or intentional misconduct that caused or contributed to the need for the restatement, as determined by the Board of Directors, the Company, Valmont, in an appropriate case as determined ...by the Board of Directors, shall be entitled to cancel the Option, in whole or part, whether or not vested, and require Employee you to repay to the Company Valmont any gain realized or return any shares received upon the exercise or payment of the Option (with such gain, payment payment, or shares valued as of the date of exercise or payment), and return of all dividends paid thereon [add to designated forms -- — ; provided further, however, that the Board of Directors may apply this right of reimbursement in all cases to the Chief Executive Officer, Chief Financial Officer, and Group President (if the conduct occurred in the Group) if an Employee employee of the Company engaged in fraud or intentional misconduct as described above]. The rights of reimbursement of the Company Valmont shall 4 be in addition to any other right of reimbursement provided by law. View More