Common use of Conditions on Award Clause in Contracts

Conditions on Award. (a) Notwithstanding anything herein to the contrary, the Committee may cancel an award of Restricted Stock Units, and may refuse to settle vested Restricted Stock Units, if before a Change in Control and during the period from the date of the Participant's termination of employment from the Company to the date of settlement, the Committee determines that the Participant has either (i) refused to be available, upon request, at reasonable times and upon a reasonable basis, to consult with, supply information to and otherwise cooperate with the Company with respect to any matter that was handled by the Participant or under the Participant's supervision while the Participant was in the employ of the Company or (ii) engaged in any activity in violation of the non-competition and/or non-solicitation covenants under the Employment Agreement or the Change in Control Agreement, as may apply. (a) Notwithstanding anything herein to the contrary, the Participant may be required to forfeit or repay any or all shares of Stock and/or dividend equivalents received by the Participant under this Agreement pursuant to the terms of any compensation recovery or clawback policy that may be adopted by or applicable to the Company under the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

Appears in 8 contracts

Samples: Restricted Stock Unit Grant Agreement (Visteon Corp), Restricted Stock Unit Grant Agreement (Visteon Corp), Restricted Stock Unit Grant Agreement (Visteon Corp)

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Conditions on Award. (a) Notwithstanding anything herein to the contrary, the Committee may cancel an award of Restricted Performance Stock Units, and may refuse to settle vested Restricted Stock Unitsthe Final Award, if before a Change in Control and during the period from the date of the Participant's termination of employment from the Company to the date of settlementsettlement of the Final Award, the Committee determines that the Participant has either (i) refused to be available, upon request, at reasonable times and upon a reasonable basis, to consult with, supply information to and otherwise cooperate with the Company with respect to any matter that was handled by the Participant or under the Participant's supervision while the Participant was in the employ of the Company or (ii) engaged in any activity in violation of the non-competition and/or non-solicitation covenants under the Employment Agreement or the Change in Control Agreement, as may apply. (ab) Notwithstanding anything herein to the contrary, the Participant may be required to forfeit or repay any or all shares of Stock and/or dividend equivalents received by the Participant under this Agreement pursuant to the terms of any compensation recovery or clawback policy that may be adopted by or applicable to the Company under the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

Appears in 6 contracts

Samples: Performance Stock Unit Grant Agreement (Visteon Corp), Performance Stock Unit Grant Agreement (Visteon Corp), Performance Stock Unit Grant Agreement (Visteon Corp)

Conditions on Award. (a) Notwithstanding anything herein to the contrary, the Committee may cancel an award of Restricted Performance Stock Units, and may refuse to settle vested Restricted Stock Unitsthe Final Award, if before a Change in Control and during the period from the date of the Participant's ’s termination of employment from the Company to the date of settlementsettlement of the Final Award, the Committee determines that the Participant has either (i) refused to be available, upon request, at reasonable times and upon a reasonable basis, to consult with, supply information to and otherwise cooperate with the Company with respect to any matter that was handled by the Participant or under the Participant's ’s supervision while the Participant was in the employ of the Company or (ii) engaged in any activity in violation of the non-competition and/or non-solicitation covenants under the Employment Agreement or the Change in Control Agreement, as may apply. (ab) Notwithstanding anything herein to the contrary, the Participant may be required to forfeit or repay any or all shares of Stock and/or dividend equivalents received by the Participant under this Agreement pursuant to the terms of any compensation recovery or clawback policy that may be adopted by or applicable to the Company under the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

Appears in 2 contracts

Samples: Performance Stock Unit Grant Agreement (Visteon Corp), Performance Stock Unit Grant Agreement (Visteon Corp)

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Conditions on Award. (a) Notwithstanding anything herein to the contrary, the Committee may cancel an award of Restricted Stock Units, and may refuse to settle vested Restricted Stock Units, if before a Change in Control and during the period from the date of the Participant's ’s termination of employment from the Company to the date of settlement, the Committee determines that the Participant has either (i) refused to be available, upon request, at reasonable times and upon a reasonable basis, to consult with, supply information to and otherwise cooperate with the Company with respect to any matter that was handled by the Participant or under the Participant's ’s supervision while the Participant was in the employ of the Company or (ii) engaged in any activity in violation of the non-competition and/or non-solicitation covenants under the Employment Agreement or the Change in Control Agreement, as may apply. (a) Notwithstanding anything herein to the contrary, the Participant may be required to forfeit or repay any or all shares of Stock and/or dividend equivalents received by the Participant under this Agreement pursuant to the terms of any compensation recovery or clawback policy that may be adopted by or applicable to the Company under the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

Appears in 2 contracts

Samples: Restricted Stock Unit Grant Agreement (Visteon Corp), Restricted Stock Unit Grant Agreement (Visteon Corp)

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