Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Repayment Obligation clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Repayment Obligation. In the event that (i) the Company issues a restatement of financial results to correct a material error and (ii) the Committee determines, in good faith, that the Grantee's fraud or willful misconduct was a significant contributing factor to the need to issue such restatement and (iii) some or all of the Performance Shares that were granted and/or earned during the two year period prior to such restatement would not have been granted and/or earned, as applicable, based upon the restated financia...l results, the Grantee shall immediately return to the Company (as applicable) any outstanding Performance Shares, any Shares received under this Agreement and/or the pre-tax income derived from any disposition of any Shares previously received in payment of the Performance Shares that would not have been granted and/or earned based upon the restated financial results (the "Repayment Obligation"). This Repayment Obligation shall be in addition to any compensation recovery policy that is adopted by the Company or is otherwise required by applicable law.View More
Repayment Obligation. In the event that (i) the Company issues a restatement of financial results to correct a material error and (ii) the Committee determines, in good faith, that the Grantee's fraud or willful misconduct was a significant contributing factor to the need to issue such restatement and (iii) some or all of the Performance Shares Restricted Stock Units that were granted and/or earned during the two year period prior to such restatement would not have been granted and/or earned, as applicable, based upo...n the restated financial results, the Grantee shall immediately return to the Company (as applicable) any outstanding Performance Shares, Restricted Stock Units, any Shares received under this Agreement and/or the pre-tax income derived from any disposition of any Shares previously received in payment of the Performance Shares Restricted Stock Units that would not have been granted and/or earned based upon the restated financial results (the "Repayment Obligation"). This Repayment Obligation shall be in addition to any compensation recovery policy that is adopted by the Company or is otherwise required by applicable law. View More
Repayment Obligation. In the event that (i) (1) the Company issues a restatement of financial results to correct a material error and (ii) (2) the Committee determines, in good faith, that the Grantee's fraud or willful misconduct was a significant contributing factor to the need to issue such restatement and (iii) (3) some or all of the Performance Shares that were granted and/or earned during the two year period vested prior to such restatement would not have been granted and/or earned, vested, as applicable, based... upon the restated financial results, the Grantee shall immediately return to the Company (as applicable) any outstanding the Performance Shares, Shares or any Shares received under this Agreement and/or or the pre-tax income derived from any disposition of any the Shares previously received in payment settlement of the Performance Shares that would not have been granted and/or earned vested based upon the restated financial results (the "Repayment Obligation"). This The Company shall be able to enforce the Repayment Obligation shall be in addition to any compensation recovery policy that is adopted by all legal means available, including, without limitation, by withholding such amount from other sums owed by the Company or is otherwise required by applicable law. to the Grantee. View More
