Common use of Competitor Conduct Clause in Contracts

Competitor Conduct. If Awardee chooses to engage in Competitor Conduct during employment or within one year after the Termination of Employment for any reason, then (i) Awardee immediately forfeits the Option (or any part thereof that has not been exercised) which automatically terminates, and (ii) Awardee shall, within 30 days following written notice from the Company, pay to the Company in cash an amount equal to (A) the gross gain to Awardee or any transferee from each and every exercise of the Option at any time since the earlier of one year prior to the date the Competitor Conduct first occurred (as determined by the Administrator) and one year prior to the Termination of Employment, if applicable, less (B) $1.00. The gross gain is calculated by subtracting the exercise price paid for the Shares from the Fair Market Value of the Shares on the exercise date.

Competitor Conduct. If Awardee chooses to engage engages in Competitor Conduct during employment or within one year after the Termination of Employment for any reason, then (i) Awardee immediately forfeits the Option (or any part thereof of the Option that has not been exercised) which automatically terminates, and (ii) Awardee shall, within 30 days following written notice from the Company, pay to the Company in cash an amount equal to (A) the gross gain to Awardee or any transferee from each and every exercise of the Option at any time since the earlier of one year prior to the date the Competitor Conduct first occurred (as determined by the Administrator) and one year prior to the Termination of Employment, if applicable, less (B) $1.00. The gross gain is calculated by subtracting the exercise price paid for the Shares from the Fair Market Value of the Shares on the exercise date.

Competitor Conduct. If Awardee chooses to engage engages in Competitor Conduct during employment or within one year after the Termination of Employment for any reason, then (i) i. Awardee immediately forfeits the Option (or any part thereof of the Option that has not been exercised) which automatically terminates, and (ii) . Awardee shall, within 30 days following written notice from the Company, pay to the Company in cash an amount equal to (A) the gross gain to Awardee or any transferee from each and every exercise of the Option at any time since the earlier of one year prior to the date the Competitor Conduct first occurred (as determined by the Administrator) and one year prior to the Termination of Employment, if applicable, less (B) $1.00. The gross gain is calculated by subtracting the exercise price paid for the Shares from the Fair Market Value of the Shares on the exercise date.

Competitor Conduct. If Awardee chooses to engage in Competitor Conduct during employment or within one year after the Termination of Employment for any reason, then (i) Awardee immediately forfeits the Option (or any part thereof that has not been exercised) which shall automatically terminatesterminate, and (ii) Awardee shall, within 30 days following written notice from the Company, pay to the Company in cash an amount equal to (A) the gross gain to Awardee or any transferee from each and every exercise of the Option at any time since the earlier of one year prior to the date the Competitor Conduct first occurred (as determined by the Administrator) and one year prior to the Termination of Employment, if applicable, less (B) $1.00. The gross gain is shall be calculated by subtracting the exercise price paid for the Shares from the Fair Market Value market value of the Shares on the exercise date.