Common use of Consequences of a Violation Clause in Contracts

Consequences of a Violation. Payment to CIGNA Important: This paragraph 8 is not CIGNA’s only remedy for a Violation. CIGNA may seek any additional legal or equitable remedy, including an injunction described in paragraph 9, for a Violation. (a) If you engage in any Violation at any time, CIGNA will cancel any part of the Option you have not yet exercised. (b) You must immediately make the Payment described in paragraph 8(c) to CIGNA in the manner described in paragraph 8(d) if: (1) You engage in a Violation described in paragraph 7(b)(2) (compete against CIGNA), 7(b)(3) (Solicit or hire CIGNA employees) or 7(b)(4) (Solicit CIGNA customers), either while you are a CIGNA company employee or within 12 months after your Termination of Employment; or (2) You engage in a Violation described in paragraph 7(b)(1) (misconduct), 7(b)(5) (disclose Confidential Information) or 7(b)(6) (fail to cooperate) at any time. (c) The Payment requirement applies only to the part of the Option, if any, that you exercise within the 24-month period ending on the date of the Violation. “

Appears in 1 contract

Samples: Nonqualified Stock Option Grant Agreement (Cigna Corp)

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Consequences of a Violation. Payment to CIGNA Important: This paragraph 8 is not CIGNA’s only remedy for a Violation. CIGNA may seek any additional legal or equitable remedy, including an injunction described in paragraph 9, for a Violation. (a) If You will immediately forfeit all unvested Units if you engage in any Violation at any time, CIGNA will cancel any part of the Option you have not yet exercised. (b) You must immediately make the Payment described in paragraph 8(c) to CIGNA in the manner described in paragraph 8(d) if: (1) You engage in a Violation described in paragraph 7(b)(2) (compete against CIGNA), 7(b)(3) (Solicit or hire CIGNA employees) or 7(b)(4) (Solicit CIGNA customers), either while you are a CIGNA company employee or within 12 months after your Termination of Employment; or (2) You engage in a Violation described in paragraph 7(b)(1) (misconduct), 7(b)(5) (disclose Confidential Information) or 7(b)(6) (fail to cooperate) at any time. (c) The Payment requirement applies only to the part of the Option, if any, that you exercise within the 24-month period ending on the date of the Violation. “

Appears in 1 contract

Samples: Restricted Stock Unit Grant Agreement (Cigna Corp)

Consequences of a Violation. Payment to CIGNA Important: This paragraph 8 is not CIGNA’s only remedy for a Violation. CIGNA may seek any additional legal or equitable remedy, including an injunction described in paragraph 9, for a Violation. (a) If You will immediately forfeit all unvested Shares if you engage in any Violation at any time, CIGNA will cancel any part of the Option you have not yet exercised. (b) You must immediately make the Payment described in paragraph 8(c) to CIGNA in the manner described in paragraph 8(d) if: (1) You engage in a Violation described in paragraph 7(b)(2) (compete against CIGNA), 7(b)(3) (Solicit or hire CIGNA employees) or 7(b)(4) (Solicit CIGNA customers), either while you are a CIGNA company employee or within 12 months after your Termination of Employment; or (2) You engage in a Violation described in paragraph 7(b)(1) (misconduct), 7(b)(5) (disclose Confidential Information) or 7(b)(6) (fail to cooperate) at any time. (c) The Payment requirement applies only to the part of the Option, if any, that you exercise within the 24-month period ending on the date of the Violation. “

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Cigna Corp)

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Consequences of a Violation. Payment to CIGNA Cigna Important: This paragraph 8 is not CIGNACigna’s only remedy for a Violation. CIGNA Cigna may seek any additional legal or equitable remedy, including an injunction described in paragraph 9, for a Violation. (a) If You will immediately forfeit all unvested Shares if you engage in any Violation at any time, CIGNA will cancel any part of the Option you have not yet exercised. (b) You must immediately make the Payment described in paragraph 8(c) to CIGNA Cigna in the manner described in paragraph 8(d) if: (1) You engage in a Violation described in paragraph 7(b)(2) (compete against CIGNACigna), 7(b)(3) (Solicit or hire CIGNA Cigna employees) or 7(b)(4) (Solicit CIGNA Cigna customers), either while you are a CIGNA Cigna company employee or within 12 months after your Termination of Employment; or (2) You engage in a Violation described in paragraph 7(b)(1) (misconduct), 7(b)(5) (disclose Confidential Information) or 7(b)(6) (fail to cooperate) at any time. (c) The Payment requirement applies only to the part of the Option, if any, that you exercise within the 24-month period ending on the date of the Violation. “

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Cigna Corp)

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