Common use of Acceptance of Award; Binding Non-Competition, Non-Solicitation and Confidentiality Agreement; Binding Notice Period Agreement Clause in Contracts

Acceptance of Award; Binding Non-Competition, Non-Solicitation and Confidentiality Agreement; Binding Notice Period Agreement. By accepting this Award of RSUs, the Participant is willingly and knowingly agreeing to, and intending to be bound by and to comply with, all of the terms contained in this Award Agreement, including (1) the terms and conditions of the Restrictive Covenant Agreement attached hereto as Exhibit B, and (2) the terms and conditions of the Notice Period Agreement attached hereto as Exhibit C. The Participant agrees and acknowledges that the attached Restrictive Covenant Agreement may impact the Participant’s future employment and that the Company would not have entered into this Award Agreement and granted RSUs to the Participant if the Participant did not agree to be legally bound by and to comply in full with the Restrictive Covenant Agreement and the Notice Period Agreement. The Participant further agrees and acknowledges that (1) the attached Restrictive Covenant Agreement and Notice Period Agreement do not supersede, replace, invalidate or otherwise limit or affect any restrictions in any prior or other document or agreement between the Participant and any member of the Company Group regarding confidentiality, confidential and/or proprietary information, return of property, non-competition, non-solicitation or piracy of customers or clients or prospective customers or clients of any member of the Company Group, and/or non-solicitation/non-inducement or hiring of employees of any member of the Company Group, inventions, developments or works made for hire, notice period or other similar provisions (collectively, the “Existing Restrictions”), and (2) any such Existing Restrictions shall remain in full force and effect and the Participant shall remain bound by such Existing Restrictions. To the extent the restrictions contained in the Restrictive Covenant Agreement or Notice Period Agreement conflict in any way with any Existing Restrictions, such conflict shall be resolved by giving effect to the provision that provides the greatest protection to the Company Group that is enforceable under applicable law. The Participant may accept this Award by indicating acceptance by e-mail or such other electronic means as the Company may designate in writing or by signing this Award Agreement if the Company does not require acceptance by email or such other electronic means. If the Participant desires to refuse the Award, the Participant must notify the Company in writing. Such notification should be sent to CIT Group Inc., Attention: Senior Vice President, Compensation and Benefits, 1 XXX Xxxxx, Xxxxxxxxxx, Xxx Xxxxxx 00000, no later than twenty-one (21) days after receipt of the Award Agreement. If the Participant has not accepted the Award within such twenty-one (21) days, it will be cancelled as of the Date of Award (unless the Company determines in its sole discretion to permit an extension of such period).

Acceptance of Award; Binding Non-Competition, Non-Solicitation and Confidentiality Agreement; Binding Notice Period Agreement. By accepting this Award of RSUsPSUs, the Participant is willingly and knowingly agreeing to, and intending to be bound by and to comply with, all of the terms contained in this Award Agreement, including (1) the 2020ROTCE 8 terms and conditions with respect to the vesting of the PSUs attached hereto as Exhibit A, (2) the terms and conditions of the Restrictive Covenant Agreement attached hereto as Exhibit BC, and (23) the terms and conditions of the Notice Period Agreement attached hereto as Exhibit C. D. The Participant agrees and acknowledges that the attached Restrictive Covenant Agreement may impact the Participant’s future employment and that the Company would not have entered into this Award Agreement and granted RSUs PSUs to the Participant if the Participant did not agree to be legally bound by and to comply in full with the Restrictive Covenant Agreement and the Notice Period Agreement. The Participant further agrees and acknowledges that (1) the attached Restrictive Covenant Agreement and Notice Period Agreement do not supersede, replace, invalidate or otherwise limit or affect any restrictions in any prior or other document or agreement between the Participant and any member of the Company Group regarding confidentiality, confidential and/or proprietary information, return of property, non-competition, non-solicitation or piracy of customers or clients or prospective customers or clients of any member of the Company Group, and/or non-solicitation/non-inducement or hiring of employees of any member of the Company Group, inventions, developments or works made for hire, notice period or other similar provisions (collectively, the “Existing Restrictions”), and (2) any such Existing Restrictions shall remain in full force and effect and the Participant shall remain bound by such Existing Restrictions. To the extent the restrictions contained in the Restrictive Covenant Agreement or Notice Period Agreement conflict in any way with any Existing Restrictions, such conflict shall be resolved by giving effect to the provision that provides the greatest protection to the Company Group that is enforceable under applicable law. The Participant may accept this Award by indicating acceptance by e-mail or such other electronic means as the Company may designate in writing or by signing this Award Agreement if the Company does not require acceptance by email or such other electronic means. If the Participant desires to refuse the Award, the Participant must notify the Company in writing. Such notification should be sent to CIT Group Inc., Attention: Senior Vice President, Compensation and Benefits, 1 XXX Xxxxx, Xxxxxxxxxx, Xxx Xxxxxx 00000, no later than twenty-one (21) days after receipt of the Award Agreement. If the Participant has not accepted the Award within such twenty-one (21) days, it will be cancelled as of the Date of Award (unless the Company determines in its sole discretion to permit an extension of such period).

Acceptance of Award; Binding Non-Competition, Non-Solicitation and Confidentiality Agreement; Binding Notice Period Agreement. By accepting this Award of RSUsPSUs, the Participant is willingly and knowingly agreeing to, and intending to be bound by and to comply with, all of the terms contained in this Award Agreement, including (1) the terms and conditions with respect to the vesting of the PSUs attached hereto as Exhibit A, (2) the terms and conditions of the Restrictive Covenant Agreement attached hereto as Exhibit BC, and (23) the terms and conditions of the Notice Period Agreement attached hereto as Exhibit C. D. The Participant agrees and acknowledges that the attached Restrictive Covenant Agreement may impact the Participant’s future employment and that the Company would not have entered into this Award Agreement and granted RSUs PSUs to the Participant if the Participant did not agree to be legally bound by and to comply in full with the Restrictive Covenant Agreement and the Notice Period Agreement. The Participant further agrees and acknowledges that (1) the attached Restrictive Covenant Agreement and Notice Period Agreement do not supersede, replace, invalidate or otherwise limit or affect any restrictions in any prior or other document or agreement between the Participant and any member of the Company Group regarding confidentiality, confidential and/or proprietary information, return of property, non-competition, non-solicitation or piracy of customers or clients or prospective customers or clients of any member of the Company Group, and/or non-solicitation/non-inducement or hiring of employees of any member of the Company Group, inventions, developments or works made for hire, notice period or other similar provisions (collectively, the “Existing Restrictions”), and (2) any such Existing Restrictions shall remain in full force and effect and the Participant shall remain bound by such Existing Restrictions. To the extent the restrictions contained in the Restrictive Covenant Agreement or Notice Period Agreement conflict in any way with any Existing Restrictions, such conflict shall be resolved by giving effect to the provision that provides the greatest protection to the Company Group that is enforceable under applicable law. The Participant may accept this Award by indicating acceptance by e-mail or such other electronic means as the Company may designate in writing or by signing this Award Agreement if the Company does not require acceptance by email or such other electronic means. If the Participant desires to refuse the Award, the Participant must notify the Company in writing. Such notification should be sent to CIT Group Inc., Attention: Senior Vice President, Compensation and Benefits, 1 0 XXX Xxxxx, Xxxxxxxxxx, Xxx Xxxxxx 00000, no later than twenty-one (21) days after receipt of the Award Agreement. If the Participant has not accepted the Award within such twenty-one (21) days, it will be cancelled as of the Date of Award (unless the Company determines in its sole discretion to permit an extension of such period).