Common use of Compliance with Board Policies Clause in Contracts

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on August 1, 2014, the Executive shall be required to build a holding of Shares equal to at least two times Executive’s Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Operating Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated August 29, 2014. (b) The Executive shall be subject to the written policies of the Board applicable to executives, including without limitation any Board policy relating to claw back of compensation, as they exist from time to time during the Executive’s employment with the Company or any of its affiliates.

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on August 1, 2014, the Executive shall be required to build a holding of Shares equal to at least two times Executive’s Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Operating Financial Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated August 29, 2014. (b) The Executive shall be subject to the written policies of the Board applicable to executives, including without limitation any Board policy relating to claw back of compensation, as they exist from time to time during the Executive’s employment with the Company or any of its affiliates.

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on August November 1, 2014, the Executive shall be required to build a holding of Shares equal to at least two five times Executive’s his Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Operating Executive Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated August 29December 2, 2014. (b) The Executive shall be subject to the written policies of the Board applicable to executives, including without limitation any Board policy relating to claw back of compensation, as they exist from time to time during the Executive’s employment with the Company or any of its affiliates.

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on August 1, 2014, the Executive shall be required to build a holding of Shares equal to at least two times Executive’s Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Operating Merchandising & Marketing Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated August 29, 2014. (b) The Executive shall be subject to the written policies of the Board applicable to executives, including without limitation any Board policy relating to claw back of compensation, as they exist from time to time during the Executive’s employment with the Company or any of its affiliates.