Clawback. In the event that any Section 4.5 Employee receives a payment in contravention of the provisions of this Section 4.5, the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (i) upon discovering that a payment in contravention of this Section 4.5 has been made and (ii) following the repayment to the Company of such amount and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 29 contracts
Samples: Exchange Agreement, Exchange Agreement, Exchange Agreement
Clawback. In the event that any Section 4.5 4.1(e) Employee receives a payment in contravention of the provisions of this Section 4.54.1(e), the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (ix) upon discovering that a payment in contravention of this Section 4.5 4.1(e) has been made and (ii) following the repayment to the Company of such amount and shall take such other actions as may be necessary to comply with the Compensation Regulations.and
Appears in 7 contracts
Samples: Letter Agreement, Securities Purchase Agreement, Letter Agreement
Clawback. In the event that any Section 4.5 4.6 Employee receives a payment in contravention of the provisions of this Section 4.54.6, the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (i) upon discovering that a payment in contravention of this Section 4.5 4.6 has been made and (ii) following the repayment to the Company of such amount and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 4 contracts
Samples: Exchange Agreement, Exchange Agreement (Broadway Financial Corp \De\), Exchange Agreement (Carver Bancorp Inc)
Clawback. In the event that any Section 4.5 4.1(e) Employee receives a payment in contravention of the provisions of this Section 4.54.1(e), the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (ix) upon discovering that a payment in contravention of this Section 4.5 4.1(e) has been made and (iiy) following the repayment to the Company of such amount and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 4 contracts
Samples: Exchange Agreement, Exchange Agreement, Exchange Agreement
Clawback. In the event that any Section 4.5 4.8 Employee receives a payment in contravention of the provisions of this Section 4.54.8, the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (i) upon discovering that a payment in contravention of this Section 4.5 4.8 has been made and (ii) following the repayment to the Company of such amount and shall (iii) take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 3 contracts
Samples: Exchange Agreement, Exchange Agreement (Citigroup Inc), Exchange Agreement
Clawback. In the event that any Section 4.5 4.1(e) Employee receives a payment in contravention of the provisions of this Section 4.54.1(e), the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (i) upon discovering that a payment in contravention of this Section 4.5 4.1(e) has been made and (ii) following the repayment to the Company of such amount and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 3 contracts
Samples: Exchange Agreement, Exchange Agreement, Exchange Agreement
Clawback. In the event that any Section 4.5 4.1(f) Employee receives a payment in contravention of the provisions of this Section 4.54.1(f), the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (ix) upon discovering that a payment in contravention of this Section 4.5 4.1(f) has been made and (iiy) following the repayment to the Company of such amount amount, and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 3 contracts
Samples: Letter Agreement, Securities Purchase Agreement, Securities Purchase Agreement
Clawback. In the event that any Section 4.5 4.11 Employee receives a payment in contravention of the provisions of this Section 4.54.11, the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen 15 business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (i) upon discovering that a payment in contravention of this Section 4.5 4.11 has been made and (ii) following the repayment to the Company of such amount and shall (iii) take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 2 contracts
Samples: Securities Purchase and Exchange Agreement (Gmac Inc.), Securities Purchase and Exchange Agreement
Clawback. In the event that any Section 4.5 4.1(e) Employee receives a payment in contravention of the provisions of this Section 4.54.1(e), the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (ix) upon discovering that a payment in contravention of this Section 4.5 4.1(e) has been made and (iiy) following the repayment to the Company of such amount amount, and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Security Federal Corp), Letter Agreement (Citizens Bancshares Corp /Ga/)
Clawback. In the event that any Section 4.5 4.1(e) Employee receives a payment in contravention of the provisions of this Section 4.54.1(e), the Company Bank shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company Bank in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (i) upon discovering that a payment in contravention of this Section 4.5 4.1(e) has been made and (ii) following the repayment to the Company Bank of such amount and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 1 contract
Samples: Exchange Agreement
Clawback. In the event that any Section 4.5 4.1(e) Employee receives a payment in contravention of the provisions of this Section 4.54.1(e), the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (ix) upon discovering that a payment in contravention of this Section 4.5 4.1(e) has been made and (iiy) following the repayment to the Company of such amount amount, and shall take such other actions as may be necessary to comply with the Compensation Regulations.. UST Sequence No. 511
Appears in 1 contract
Clawback. In the event that any Section 4.5 4.7 Employee receives a payment in contravention of the provisions of this Section 4.54.7, the Company shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (i) upon discovering that a payment in contravention of this Section 4.5 4.7 has been made and made, (ii) following the repayment to the Company of such amount and shall (iii) take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 1 contract
Samples: Exchange Agreement (Citigroup Inc)
Clawback. In the event that any Section 4.5 4.1(e) Employee receives a payment in contravention of the provisions of this Section 4.54.1(e), the Company Bank shall promptly provide such individual with written notice that the amount of such payment must be repaid to the Company Bank in full within fifteen business days following receipt of such notice or such earlier time as may be required by the Compensation Regulations and shall promptly inform the Investor (ix) upon discovering that a payment in contravention of this Section 4.5 4.1(e) has been made and (iiy) following the repayment to the Company Bank of such amount amount, and shall take such other actions as may be necessary to comply with the Compensation Regulations.
Appears in 1 contract
Samples: Letter Agreement