Repayment of Financial Gain Contract Clauses (4)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Repayment of Financial Gain clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Repayment of Financial Gain. (a) If you fail to comply with Section 11 of this Award Agreement, the Company may cancel any unvested portion of this Award and recover from you the total number or Vesting Date value of Shares whose Vesting Date occurred pursuant to this Award during the 24-month period preceding your breach of any covenant in Section 10 of this Award Agreement. The total number or value of the vested Shares shall include the amount of any dividends paid to you during the 24-month period specified above and sh...all not be reduced for the payment of applicable taxes or other amounts. (b) If you fail to comply with Section 11 of this Award Agreement, upon demand by the Company, you will repay the Company in accordance with the terms of Section 11(a), and the Company shall be entitled to offset the amount of any such repayment obligation against any amount owed to you by the Company. The remedies set forth in this Section are in addition to any other remedies the Company may have, at law or equity, for your violation of the terms of this Award Agreement. View More
Found in Paychex Inc. contract
Repayment of Financial Gain. (a) If you fail to comply with Section 11 8 of this Award Agreement, the Company may cancel any unvested unexercised portion of this Award Option and recover from you the total number gross amount, before deduction of applicable taxes or Vesting Date value other amounts, of Shares whose Vesting Date occurred any gain realized on the exercise of stock 3 options pursuant to this Award Option during the 24-month period preceding your breach of any covenant in Section 10 8 of this Award Agreement. T...he total number or value of the vested Shares shall include the amount of any dividends paid to you during the 24-month period specified above and shall not be reduced for the payment of applicable taxes or other amounts. (b) If you fail to comply with Section 11 8 of this Award Agreement, upon demand by the Company, you will repay the Company in accordance with the terms of Section 11(a), 9(a), and the Company shall be entitled to offset the amount of any such repayment obligation against any amount owed to you by the Company. The remedies set forth in this Section are in addition to any other remedies the Company may have, at law or equity, for your violation of the terms of this Award Agreement. View More
Found in Paychex Inc. contract
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