Common use of Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept Clause in Contracts

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting this Award, the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Award Agreement. The Participant’s rights under the Award will lapse 90 days from the Grant Date and the Award will be forfeited on such date if the Participant does not accept the Award by such date. In the case of a grant issued upon or in connection with commencement of employment with the Travelers Group, forfeiture may occur as of the date referenced or specified in Section 7(c) of this grant and notification agreement if the Participant has not by then agreed to be bound by the XXX Agreement. In the case of any other grant, this grant is null and void if the Participant has not by the date immediately preceding the Grant Date agreed to be bound by the XXX Agreement. For the avoidance of doubt, the Participant’s failure to accept the Award Agreement shall not affect his or her continuing obligations under any other agreement between the Company and the Participant.

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting this Award, Award the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Award Agreement. The Participant’s rights under the Award will lapse 90 days from the Grant Date Date, and the Award will be forfeited on such date if the Participant does not accept the Award by such date. In the case of a grant issued upon or in connection with commencement of employment with the Travelers Group, forfeiture may occur as of the date referenced or specified in Section 7(c5(c) of this grant and notification agreement if the Participant has not by then agreed to be bound by the XXX Agreement. In the case of any other grant, this grant is null and void if the Participant has not by the date immediately preceding the Grant Date agreed to be bound by the XXX Agreement. For the avoidance of doubt, the Participant’s failure to accept the Award Agreement shall not affect his or her continuing obligations under any other agreement between the Company and the Participant.

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting this Awardthe Option, the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Award Agreement. The Participant’s rights under the Award Option will lapse 90 days from the Grant Date Date, and the Award Option will be forfeited on such date if the Participant does not accept the Award Option by such date. In the case of a grant issued upon or in connection with commencement of employment with the Travelers Group, forfeiture may occur as of the date referenced or specified in Section 7(c5(c) of this grant and notification agreement if the Participant has not by then agreed to be bound by the XXX Agreement. In the case of any other grant, this grant is null and void if the Participant has not by the date immediately preceding the Grant Date agreed to be bound by the XXX Agreement. For the avoidance of doubt, the Participant’s failure to accept the Award Agreement shall not affect his or her continuing obligations under any other agreement between the Company and the Participant.