Common use of Consequences of Breach Clause in Contracts

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

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Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2019 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2019 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 LTIP 2009 MIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 LTIP 2009 MIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2021 LTIP and as set forth in this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2023 LTIP and as set forth in this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2016 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 LTIP and this Agreement and any outstanding Awards will be forfeited.not

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2014 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 2014 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2018 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2018 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2012 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 2012 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2015 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 2015 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2020 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2020 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

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Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2022 LTIP and as set forth in this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2013 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 2013 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2008 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 2008 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2017 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2017 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 2, and you hereby agree that that, without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above2, you will not be entitled to and shall not receive any Awards under the 2011 2024 LTIP and as set forth in this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

Consequences of Breach. Furthermore, you acknowledge that, in partial consideration for the Award described in the 2011 2009 LTIP and this Agreement, Delta is requiring that you agree to and comply with the terms of Section 2 and you hereby agree that without limiting any of the foregoing, should you violate any of the covenants included in Section 2 above, you will not be entitled to and shall not receive any Awards under the 2011 2009 LTIP and this Agreement and any outstanding Awards will be forfeited.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

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