Common use of Clawback of Benefits Clause in Contracts

Clawback of Benefits. The Committee shall have full authority to implement any policies and procedures that it determines to be necessary or appropriate to comply with applicable securities laws or other laws, including, without limitation, Section 10D of the Exchange Act and any rules promulgated thereunder, including without limitation, including in this Agreement, or amending any this Agreement, without the consent of the Recipient, to include language for the clawback (recapture) by the Company of any benefits under this Agreement that the Committee deems necessary or appropriate to comply with that statutory provision and those rules.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Lifepoint Health, Inc.), Restricted Stock Unit Agreement (Lifepoint Health, Inc.), Restricted Stock Unit Agreement (Lifepoint Health, Inc.)

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Clawback of Benefits. The Committee shall have full authority to implement any policies and procedures that it determines to be necessary or appropriate to comply with applicable securities laws or other laws, including, without limitation, Section 10D of the Exchange Act and any rules promulgated thereunder, including without limitation, including in this Agreement, or amending any this Agreement, without the consent of the RecipientOptionee, to include language for the clawback (recapture) by the Company of any benefits under this Agreement that the Committee deems necessary or appropriate to comply with that statutory provision and those rules.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Lifepoint Health, Inc.), Non Qualified Stock Option Agreement (Lifepoint Hospitals, Inc.), Non Qualified Stock Option Agreement (Lifepoint Hospitals, Inc.)

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