Common use of Cancellation and Rescission of Award Clause in Contracts

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if Employee is not in compliance with all of the following conditions: a) Employee shall not render services for any organization or engage directly or indirectly in any business which would cause Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. b) Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. c) Pursuant to any agreement between the Employer and Employee that contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed to comply with any of the provisions of this Paragraph 17, any awards granted to Employee shall be cancelled and be of no further force or effect, and any payment or release of shares from six months prior to such failure to comply may be rescinded. In the event of any such rescission, Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 10 contracts

Sources: Rsu Award Agreement (Xerox Corp), Eltip Performance Share Unit Award Agreement (Xerox Corp), Eltip Restricted Stock Unit Award Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1715 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 10 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If an Employee or former Employee of the Employer is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, Control to have failed to comply with any of the provisions of this Paragraph 17, any awards granted to such Employee or former Employee shall be cancelled and be of no further force or effect, effect and any payment or release delivery of shares an award from six months prior to such failure to comply may be rescinded. In the event of any such rescission, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or release of sharesdelivery, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 8 contracts

Sources: Eltip Restricted Stock Unit Award Agreement (Xerox Corp), Rsu Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the EmployerSection 16, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) The Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) The Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer this Agreement does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity, and shall not, and not be interpreted to, impair the participant from exercising any legally protected whistleblower rights (including under Rule 21F under the Exchange Act). Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she the Employee has made such report or disclosure, or of his or her the Employee’s participation in an agency investigation or proceeding. (c) Pursuant The Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment services with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 17Section 17 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 8 contracts

Sources: Apip Share Award Agreement (CONDUENT Inc), Apip Share Award Agreement (CONDUENT Inc), Performance Restricted Stock Unit Award Agreement (CONDUENT Inc)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the EmployerSection 15, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) The Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) The Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer this Agreement does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity, and shall not, and not be interpreted to, impair the participant from exercising any legally protected whistleblower rights (including under Rule 21F under the Exchange Act). Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant The Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 17Section 16 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 7 contracts

Sources: Restricted Stock Unit Award Agreement (CONDUENT Inc), Performance Restricted Stock Unit Award Agreement (CONDUENT Inc), Restricted Stock Unit Award Agreement (CONDUENT Inc)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1719 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 6 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph Section regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) The Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) The Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer this Agreement does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity, and shall not, and not be interpreted to, impair the participant from exercising any legally protected whistleblower rights (including under Rule 21F under the Exchange Act). Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant The Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 17Section 18 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 5 contracts

Sources: Performance Stock Unit Award Agreement (CONDUENT Inc), Restricted Stock Unit Award Agreement (CONDUENT Inc), Performance Share Award Agreement (CONDUENT Inc)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder hereunder, and rescind and recoup any exercise, award or transfer of shares of Common Stock pursuant to this award, if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1715 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release delivery of shares from six months prior Common Stock pursuant to these Options shall cause such failure payment or delivery to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 4 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if Employee is not in compliance with all of the following conditions: a) Employee shall not render services for any organization or engage directly or indirectly in any business which would cause Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. b) Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. c) Pursuant to any agreement between the Employer and Employee that contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed to comply with any of the provisions of this Paragraph 1715, any awards granted to Employee shall be cancelled and be of no further force or effect, and any payment or release of shares from six months prior to such failure to comply may be rescinded. In the event of any such rescission, Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 4 contracts

Sources: Rsu Award Agreement (Xerox Corp), Rsu Award Agreement (Xerox Corp), Restricted Stock Unit Award Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 3 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the EmployerSection 15, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) The Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) The Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer this Agreement does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity, and shall not, and not be interpreted to, impair the participant from exercising any legally protected whistleblower rights (including under Rule 21F under the Exchange Act). Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant The Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment services with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 17Section 16 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 3 contracts

Sources: Performance Restricted Stock Unit Award Agreement (CONDUENT Inc), Restricted Stock Unit Award Agreement (CONDUENT Inc), Performance Restricted Stock Unit Award Agreement (CONDUENT Inc)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the EmployerCompany, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer Company and the Employee. (b) An Employee shall not, without prior written authorization from the EmployerCompany, disclose to anyone outside the EmployerCompany, or use in other than the EmployerCompany’s business, any confidential information or material, as specified in any agreement between the Employer Company and the Employee which contains post-employment prohibitions, relating to the business of the Employer Company, acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceedingCompany. (c) Pursuant An Employee, pursuant to any agreement between the Employer Company and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer Company all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the EmployerCompany, relating in any manner to the actual or anticipated business, research or development work of the Employer, Company and shall do anything reasonably necessary to enable the Employer Company to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 3 contracts

Sources: Omnibus Agreement (Xerox Corp), Performance Incentive Agreement (Xerox Corp), Performance Incentive Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if Employee is not in compliance with all of the following conditions: a) Employee shall not render services for any organization or engage directly or indirectly in any business which would cause Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. b) Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. c) Pursuant to any agreement between the Employer and Employee that contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed to comply with any of the provisions of this Paragraph 1715, any awards granted to Employee shall be cancelled and be of no further force or effect, and any payment or cash or other remuneration or release of shares from six months prior to such failure to comply may be rescinded. In the event of any such rescission, Employee shall pay to the Company the amount payment received of the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 3 contracts

Sources: Rsu Award Agreement (Xerox Corp), Restricted Stock Unit Award Agreement (Xerox Corp), Restricted Stock Unit Award Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if Employee is not in compliance with all of the following conditions: a) Employee shall not render services for any organization or engage directly or indirectly in any business which would cause Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. b) Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. c) Pursuant to any agreement between the Employer and Employee that contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, Control to have failed to comply with any of the provisions of this Paragraph 1715, any awards granted to Employee shall be cancelled and be of no further force or effect, effect and any payment or release of shares from six months prior to such failure to comply may be rescinded. In the event of any such rescission, Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 3 contracts

Sources: Performance Stock Unit Award Agreement (Xerox Corp), Performance Stock Unit Award Agreement (Xerox Corp), Performance Stock Unit Award Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if Employee is not in compliance with all of the following conditions: a) Employee shall not render services for any organization or engage directly or indirectly in any business which would cause Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. b) Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. c) Pursuant to any agreement between the Employer and Employee that contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, Control to have failed to comply with any of the provisions of this Paragraph 1715, any awards granted to Employee shall be cancelled and be of no further force or effect, effect and any cash payment or release of shares from six months prior to such failure to comply may be rescinded. In the event of any such rescission, Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 3 contracts

Sources: Performance Stock Unit Award Agreement (Xerox Corp), Performance Stock Unit Award Agreement (Xerox Corp), Performance Stock Unit Award Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 3 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the EmployerSection 15, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) The Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) The Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer this Agreement does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity, and shall not, and not be interpreted to, impair the participant from exercising any legally protected whistleblower rights (including under Rule 21F under the Exchange Act). Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant The Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated businessbusi­ness, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 17Section 16 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 2 contracts

Sources: Performance Restricted Stock Unit Award Agreement (CONDUENT Inc), Restricted Stock Unit Award Agreement (CONDUENT Inc)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph Section regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) The Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) The Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer this Agreement does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity, and shall not, and not be interpreted to, impair the participant from exercising any legally protected whistleblower rights (including under Rule 21F under the Exchange Act). Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant The Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated businessbusi-ness, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 17Section 18 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 2 contracts

Sources: Performance Stock Unit Award Agreement (CONDUENT Inc), Restricted Stock Unit Award Agreement (CONDUENT Inc)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 2 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer Employer, all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 2 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated businessbusi- ness, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If an Employee or former Employee of the Employer is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, Control to have failed to comply with any of the provisions of this Paragraph 1715, any awards granted to such Employee or former Employee shall be cancelled and be of no further force or effect, effect and any payment or release delivery of shares an award from six months prior to such failure to comply may be rescinded. In the event of any such rescission, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or release of sharesdelivery, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 2 contracts

Sources: Rsu Cash Settled Agreement (Xerox Corp), Rsu 2 Year Stock Settled Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer Employer, all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 2 contracts

Sources: Omnibus Agreement (Xerox Corp), Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph Section regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) The Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) The Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s 's business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer this Agreement does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity, and shall not, and not be interpreted to, impair the participant from exercising any legally protected whistleblower rights (including under Rule 21 F under the Exchange Act). Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant The Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 17Section 18 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of Common Stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 2 contracts

Sources: Performance Stock Unit Award Agreement (CONDUENT Inc), Restricted Stock Unit Award Agreement (CONDUENT Inc)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the EmployerCompany, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following fol-lowing conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer Company and the Employee. (b) An Employee shall not, without prior written authorization from the EmployerCompany, disclose to anyone outside the EmployerCompany, or use in other than the Employer’s Company's business, any confidential information or material, as specified in any agreement between the Employer Company and the Employee which contains post-employment prohibitions, relating to the business of the Employer Company, acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceedingCompany. (c) Pursuant An Employee, pursuant to any agreement between the Employer Company and the Employee that which contains post-post- employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer Company all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the EmployerCompany, relating in any manner to the actual or anticipated business, research or development work of the Employer, Company and shall do anything reasonably necessary to enable the Employer Company to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 1 contract

Sources: Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder hereunder, and rescind and recoup any exercise, award or transfer of shares of Common Stock pursuant to this award, if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If an Employee or former Employee of the Employer is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, Control to have failed to comply with any of the provisions of this Paragraph 1715, any awards granted to such Employee or former Employee shall be cancelled and be of no further force or effect, effect and any payment or release delivery of shares an award from six months prior to such failure to comply may be rescinded. In the event of any such rescission, the Employee shall pay to the Company the amount of any gain realized real ized or payment received as a result of the rescinded exercise, payment or release of sharesdelivery, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 1 contract

Sources: Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict the Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict the Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. The Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If an Employee or former Employee of the Employer is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, Control to have failed to comply with any of the provisions of this Paragraph 17, any awards granted to such Employee or former Employee shall be cancelled and be of no further force or effect, effect and any payment or release delivery of shares an award from six months prior to such failure to comply may be rescinded. In the event of any such rescission, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or release of sharesdelivery, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 1 contract

Sources: Omnibus Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if the Employee is not in compliance with all of the following conditions: (a) An Employee shall not render services for any organization or engage directly or indirectly in any business which would cause the Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. (b) An Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and the Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by the Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. (c) Pursuant An Employee, pursuant to any agreement between the Employer and the Employee that which contains post-employment prohibitions, Employee prohibitions shall disclose promptly and assign to the Employer Employer, all right, title and interest in any invention or idea, patentable or not, made or conceived by the Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. (d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed Failure to comply with any the provision of the provisions subparagraphs (a), (b) or (c) of this Paragraph 1717 prior to, any awards granted to Employee shall be cancelled and be of no further force or effectduring the six months after, and any payment or release of shares from six months prior delivery shall cause such payment or delivery to such failure to comply may be rescinded. In The Company shall notify the event Employee in writing of any such rescissionrescission within two years after such payment or delivery. Within ten days after receiving such a notice from the Company, the Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required delivery pursuant to an award. Such payment to the Company by the Committee Employee shall be made either in cash or its authorized delegate, as applicableby returning to the Company the number of shares of common stock that the Employee received in connection with the rescinded payment or delivery.

Appears in 1 contract

Sources: Performance Incentive Agreement (Xerox Corp)

Cancellation and Rescission of Award. Without limiting the foregoing Paragraph paragraph regarding non-engagement in detrimental activity against the Employer, the Company may cancel any award provided hereunder if Employee is not in compliance with all of the following conditions: a) Employee shall not render services for any organization or engage directly or indirectly in any business which would cause Employee to breach any of the post-employment prohibitions contained in any agreement between the Employer and the Employee. b) Employee shall not, without prior written authorization from the Employer, disclose to anyone outside the Employer, or use in other than the Employer’s business, any confidential information or material, as specified in any agreement between the Employer and Employee which contains post-employment prohibitions, relating to the business of the Employer acquired by Employee either during or after employment with the Employer. Notwithstanding the above, the Employer does not in any manner restrict Employee from reporting possible violations of federal, state or local laws or regulations to any governmental agency or entity. Similarly, the Employer does not in any manner restrict Employee from participating in any proceeding or investigation by a federal, state or local government agency or entity responsible for enforcing such laws. Employee is not required to notify the Employer that he or she has made such report or disclosure, or of his or her participation in an agency investigation or proceeding. c) Pursuant to any agreement between the Employer and Employee that contains post-employment prohibitions, Employee shall disclose promptly and assign to the Employer all right, title and interest in any invention or idea, patentable or not, made or conceived by Employee during employment with the Employer, relating in any manner to the actual or anticipated business, research or development work of the Employer, and shall do anything reasonably necessary to enable the Employer to secure a patent where appropriate in the United States and in foreign countries. d) If Employee is determined by the Committee or its authorized delegate, as applicable, in its sole discretion exercised prior to a Change in Control, to have failed to comply with any of the provisions of this Paragraph 17, any awards granted to Employee shall be cancelled and be of no further force or effect, and any payment or release of shares from six months prior to such failure to comply may be rescinded. In the event of any such rescission, Employee shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded payment or release of shares, in such manner and on such terms and conditions as may be required by the Committee or its authorized delegate, as applicable.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Xerox Corp)