Common use of Detrimental Activity and Recapture Clause in Contracts

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, “Detrimental Activity” means:

Appears in 6 contracts

Samples: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp)

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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, “Detrimental Activity” meansshall mean:

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Agreement (TimkenSteel Corp), Performance Based 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 determinationdetermination notwithstanding any other provision of this Agreement. As used hereinFor purposes of this Agreement, “Detrimental Activity” meansshall mean:

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (TimkenSteel Corp)

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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, “Detrimental Activity” means:

Appears in 1 contract

Samples: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp)

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