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 clicking the button after the text of Exhibit C, the Participant accepts the Award and 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 at 12:00 a.m. on , and the Award will be forfeited on such date if the Participant does not accept the Award by clicking the button on or before 11:59 p.m. on . 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.

Appears in 1 contract

Samples: Performance Share Award Agreement (Travelers Companies, Inc.)

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Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By clicking the button after the text of Exhibit CB, the Participant accepts the Award Option and 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 at 12:00 a.m. on , and the Award Option will be forfeited on such date if the Participant does not accept the Award Option by clicking the button on or before 11:59 p.m. on . 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.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Travelers Companies, Inc.)

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By clicking the button after the text of Exhibit C, the Participant accepts the Award and 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 at 12:00 a.m. on June 2, 2009, and the Award will be forfeited on such date if the Participant does not accept the Award by clicking the button on or before 11:59 p.m. on June 1, 2009. 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.

Appears in 1 contract

Samples: Performance Share Award Agreement (Travelers Companies, Inc.)

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Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By clicking the button after the text of Exhibit CB, the Participant accepts the Award and 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 at 12:00 a.m. on , and the Award will be forfeited on such date if the Participant does not accept the Award by clicking the button on or before 11:59 p.m. on . 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.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

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