Detrimental Activity and Recapture. (a) Notwithstanding anything in this Agreement to the contrary, in the event that, as determined by the Committee, Grantee engages in Detrimental Activity during employment with the Company or a Subsidiary, the PRSUs will be forfeited automatically and without further notice at the time of that determination. As used herein, “
Appears in 6 contracts
Samples: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp), Inducement Award Agreement (TimkenSteel Corp)
Detrimental Activity and Recapture. (a) Notwithstanding anything in this Agreement to the contrary, in the event that, as determined by the Committee, Grantee engages shall engage in Detrimental Activity during employment with the Company or a SubsidiarySubsidiary thereof, the PRSUs will be forfeited automatically and without further notice at the time of that determinationdetermination notwithstanding any other provision of this Agreement. As used hereinFor purposes of this Agreement, “
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (TimkenSteel Corp), Restricted Stock Unit Agreement (TimkenSteel Corp)
Detrimental Activity and Recapture. (a) Notwithstanding anything in this Agreement to the contrary, in the event that, as determined by the Committee, Grantee engages shall engage in Detrimental Activity during employment with the Company or a Subsidiary, the PRSUs will be forfeited automatically and without further notice at the time of that determination. As used herein, “determination notwithstanding any other provision of this Agreement.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Timken Co), The Timken Company (Timken Co)
Detrimental Activity and Recapture. (a) Notwithstanding anything in this Agreement to the contrary, in the event that, as determined by the Committee, Grantee engages shall engage in Detrimental Activity during employment with the Company or a Subsidiary, the PRSUs will be forfeited automatically and without further notice at the time of that determinationdetermination notwithstanding any other provision of this Agreement. As used hereinFor purposes of this Agreement, “
Appears in 1 contract
