Common use of Amount to be Recaptured Clause in Contracts

Amount to be Recaptured. The Board has discretion to determine the appropriate amount required to be recaptured, if any, upon a Triggering Event, which is intended to be the compensation in excess of what Fxxxxxx Mac would have paid the executive had Fxxxxxx Mac taken into consideration the impact of the Triggering Event at the time such compensation was awarded. Any disputes between the executive and Fxxxxxx Mac concerning the occurrence of a Triggering Event or the amount subject to recapture shall be determined exclusively in accordance with the substantive laws of the Commonwealth of Virginia, excluding provisions of the Virginia law concerning choice-of-law that would result in the law of any state other than Virginia being applied. I agree to the terms of this Recapture Agreement By: /s/ Bxxxx X. Xxxxxxxxx Date: August 17, 2009 Bxxxx X. Xxxxxxxxx

Appears in 1 contract

Samples: Recapture Agreement (Federal Home Loan Mortgage Corp)

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Amount to be Recaptured. The Board has discretion to determine the appropriate amount required to be recaptured, if any, upon a Triggering Event, which is intended to be the compensation in excess of what Fxxxxxx Mac would have paid the executive had Fxxxxxx Mac taken into consideration the impact of the Triggering Event at the time such compensation was awarded. Any disputes between the executive and Fxxxxxx Mac concerning the occurrence of a Triggering Event or the amount subject to recapture shall be determined exclusively in accordance with the substantive laws of the Commonwealth of Virginia, excluding provisions of the Virginia law concerning choice-of-law that would result in the law of any state other than Virginia being applied. I agree to the terms of this Recapture Agreement By: /s/ Bxxxx Rxxx X. Xxxxxxxxx Kxxx Date: August 17September 24, 2009 Bxxxx X. Xxxxxxxxx2009

Appears in 1 contract

Samples: Recapture Agreement (Federal Home Loan Mortgage Corp)

Amount to be Recaptured. The Board has discretion to determine the appropriate amount required to be recaptured, if any, upon a Triggering Event, which is intended to be the compensation in excess of what Fxxxxxx Freddie Mac would have paid the executive had Fxxxxxx Freddie Mac taken into consideration the impact of the Triggering Event at the time such compensation was awarded. Any disputes between the executive and Fxxxxxx Freddie Mac concerning the occurrence of a Triggering Event or the amount subject to recapture shall be determined exclusively in accordance with the substantive laws of the Commonwealth of Virginia, excluding provisions of the Virginia law concerning choice-of-law that would result in the law of any state other than Virginia being applied. I agree to the terms of this Recapture Agreement By: /s/ Bxxxx X. Xxxxxxxxx Date: August 17, 2009 Bxxxx X. Xxxxxxxxx

Appears in 1 contract

Samples: Recapture Agreement (Federal Home Loan Mortgage Corp)

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Amount to be Recaptured. The Board has discretion to determine the appropriate amount required to be recaptured, if any, upon a Triggering Event, which is intended to be the compensation in excess of what Fxxxxxx Freddie Mac would have paid the executive had Fxxxxxx Freddie Mac taken into consideration the impact of the Triggering Event at the time such compensation was awarded. Any disputes between the executive and Fxxxxxx Freddie Mac concerning the occurrence of a Triggering Event or the amount subject to recapture shall be determined exclusively in accordance with the substantive laws of the Commonwealth of Virginia, excluding provisions of the Virginia law concerning choice-of-law that would result in the law of any state other than Virginia being applied. I agree to the terms of this Recapture Agreement By: /s/ Bxxxx X. Xxxxxxxxx Date: August 17, 2009 Bxxxx X. Xxxxxxxxx:

Appears in 1 contract

Samples: Federal Home Loan Mortgage Corp

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