Common use of Conduct of Others or Errors Clause in Contracts

Conduct of Others or Errors. Notwithstanding anything to the contrary contained herein, the Grantee shall repay the Company any amount in excess of what the Grantee should have received under the terms of the Award for any reason (including without limitation by reason of a financial restatement, mistake in calculation or other administrative error) with respect to any sale or other disposition of any Restricted Shares during the three-year period preceding the date on which the Company first determines that it must prepare the financial restatement or otherwise first discovers the mistake or error and promptly notifies the Grantee.

Appears in 12 contracts

Samples: Employment Agreement (MedQuist Holdings Inc.), Employment Agreement (MedQuist Holdings Inc.), Employment Agreement (MedQuist Holdings Inc.)

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Conduct of Others or Errors. Notwithstanding anything to the contrary contained herein, the Grantee shall repay the Company any amount in excess of what the Grantee should have received under the terms of the Award for any reason (including without limitation by reason of a financial restatement, mistake in calculation or other administrative error) with respect to any sale or other disposition of any Restricted Shares Stock during the three-year period preceding the date on which the Company first determines that it must prepare the financial restatement or otherwise first discovers the mistake or error and promptly notifies the Grantee.

Appears in 6 contracts

Samples: Employment Agreement (MModal Inc.), Employment Agreement (MModal Inc.), Restricted Stock Award Agreement (MModal Inc.)

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