Common use of Clawback/Recoupment Policy Clause in Contracts

Clawback/Recoupment Policy. Notwithstanding any provisions in this Agreement to the contrary, the Incentive Option, any Shares acquired pursuant to the exercise of the Incentive Option and/or any income realized upon the Optionee’s disposition of such Shares shall be subject to potential cancellation, rescission, clawback and recoupment (i) to the extent necessary to comply with the requirements of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act of 2010 and any regulations or listing requirements promulgated thereunder, and/or (ii) as may be required in accordance with the terms of any clawback/recoupment policy as may be adopted by the Company to comply with the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act of 2010 and any regulations or listing requirements promulgated thereunder.

Appears in 3 contracts

Samples: Employee Incentive Stock Option Agreement (Tetra Technologies Inc), Employee Incentive Stock Option Agreement (Tetra Technologies Inc), Incentive Stock Option Agreement (Tetra Technologies Inc)

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Clawback/Recoupment Policy. Notwithstanding any provisions in this Agreement to the contrary, the Incentive Nonqualified Option, any Shares acquired pursuant to the exercise of the Incentive Nonqualified Option and/or any income realized upon the Optionee’s disposition of such Shares shall be subject to potential cancellation, rescission, clawback and recoupment (i) to the extent necessary to comply with the requirements of the XxxxDxxx-Xxxxx Fxxxx Xxxx Street Reform and Consumer Protection Act of 2010 and any regulations or listing requirements promulgated thereunder, and/or (ii) as may be required in accordance with the terms of any clawback/recoupment policy as may be adopted by the Company to comply with the XxxxDxxx-Xxxxx Fxxxx Xxxx Street Reform and Consumer Protection Act of 2010 and any regulations or listing requirements promulgated thereunder.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Tetra Technologies Inc), Tetra Technologies Inc

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