Common use of Clawback of Benefits Clause in Contracts

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUs, (ii) require reimbursement of any benefit conferred under the RSUs to the Recipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the Recipient’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the Recipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 7 contracts

Samples: Time Based Restricted Stock Unit Agreement (Hope Bancorp Inc), Restricted Stock Unit Agreement (Hope Bancorp Inc), Performance Based Restricted Stock Unit Agreement (Hope Bancorp Inc)

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Clawback of Benefits. The Company may (ia) cause the cancellation of the RSUsOption, (iib) require reimbursement of any benefit conferred under the RSUs Option to the Recipient Optionee or Beneficiary, and (iiic) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient Optionee may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award this Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Recipient Optionee agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the RecipientOptionee’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the RecipientOptionee’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Quest Resource Holding Corp), Incentive Stock Option Agreement (Quest Resource Holding Corp), Non Qualified Stock Option Agreement (Quest Resource Holding Corp)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUsPerformance Stock Units, (ii) require reimbursement of any benefit conferred under the RSUs Performance Stock Units to the Recipient or BeneficiaryParticipant, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient Participant may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwisethis Agreement, in accordance with any Clawback Policy. By accepting this Award, the Recipient Participant agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the RecipientParticipant’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the RecipientParticipant’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 3 contracts

Samples: Performance Stock Unit Award Agreement (American Outdoor Brands, Inc.), Performance Stock Unit Award Agreement (American Outdoor Brands, Inc.), Performance Stock Unit Award Agreement (American Outdoor Brands, Inc.)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUsRestricted Stock Units, (ii) require reimbursement of any benefit conferred under the RSUs Restricted Stock Units to the Recipient or BeneficiaryParticipant, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient Participant may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwisethis Agreement, in accordance with any Clawback Policy. By accepting this Award, the Recipient Participant agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the RecipientParticipant’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the RecipientParticipant’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (American Outdoor Brands, Inc.), Restricted Stock Unit Award Agreement (American Outdoor Brands, Inc.), Restricted Stock Unit Award Agreement (American Outdoor Brands, Inc.)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUsOptions, (ii) require reimbursement of any benefit conferred under the RSUs Options to the Recipient or BeneficiaryOptionee, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient Optionee may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwisethis Agreement, in accordance with any Clawback Policy. By accepting this Award, the Recipient Optionee agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the RecipientOptionee’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the RecipientOptionee’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 3 contracts

Samples: Non Qualified Stock Option Award Grant Notice and Agreement (American Outdoor Brands, Inc.), Non Qualified Stock Option Award Grant Notice and Agreement (American Outdoor Brands, Inc.), Non Qualified Stock Option Award Grant Notice and Agreement (American Outdoor Brands, Inc.)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUs, (ii) require reimbursement of any benefit conferred under the RSUs to the Recipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award this Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the Recipient’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the Recipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Quest Resource Holding Corp), Restricted Stock Unit Agreement (Quest Resource Holding Corp)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUsPRSUs, (ii) require reimbursement of any benefit conferred under the RSUs PRSUs to the Recipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement award agreement or otherwise, in accordance with any Clawback Policy. By accepting this PRSU Award, the Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the Recipient’s Award Agreements award agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the Recipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Element Solutions Inc), Performance Based Restricted Stock Unit Award Agreement (Platform Specialty Products Corp)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUsOption, (ii) require reimbursement of any benefit conferred under the RSUs Option to the Recipient Optionee or Beneficiaryany beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient Optionee may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award award Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Awardaward, the Recipient Optionee agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the RecipientOptionee’s Award award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the RecipientOptionee’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Element Solutions Inc), Non Qualified Stock Option Agreement (Platform Specialty Products Corp)

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Clawback of Benefits. The Company may (i) cause the cancellation of the RSUs, (ii) require reimbursement of any benefit conferred under the RSUs to the Recipient Participant or Beneficiarydesignated beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient Participant may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Awardaward, the Recipient Participant agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the RecipientParticipant’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the RecipientParticipant’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.***

Appears in 1 contract

Samples: Restricted Unit Award Agreement (Biostem Technologies)

Clawback of Benefits. The Company Corporation may (i) cause the cancellation of the RSUs, (ii) require reimbursement of any benefit conferred under the RSUs to the Recipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company Corporation policies that currently exist or that may from time to time be adopted or modified in the future by the Company Corporation and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient may be required to repay to the Company Corporation certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Recipient agrees to be bound by any existing or future Clawback Policy adopted by the CompanyCorporation, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company Corporation in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the Recipient’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the CompanyCorporation, without the Recipient’s consent, to the extent that the Company Corporation in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (VBI Vaccines Inc/Bc)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUsRestricted Stock Units, (ii) require reimbursement of any Shares delivered or other benefit conferred under the RSUs this Agreement to the Recipient or Beneficiary, and (iii) effect any other right of recoupment of equity any Shares or other compensation provided under the Plan or otherwise this Agreement in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the Recipient’s Award Agreements (and/or awards issued under the Prior Plan) this Agreement may be unilaterally amended by the Company, without the Recipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy. RECIPIENT VOCUS, INC.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Vocus, Inc.)

Clawback of Benefits. The Company may (i) cause the cancellation of the RSUs, (ii) require reimbursement of any benefit conferred under the RSUs to the Recipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or to comply with applicable law laws, regulations, or stock exchange requirements (each, a “Clawback Policy”). In addition, the Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or an Award Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws laws, regulations, or stock exchange requirements) and further agrees that all of the Recipient’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the Recipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any such Clawback Policy.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Platform Specialty Products Corp)

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