Common use of Detrimental Activity and Recapture Clause in Contracts

Detrimental Activity and Recapture. i. Notwithstanding anything in this Agreement to the contrary, in the event that, as determined by the Committee, Xxxxxxx 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 2 contracts

Samples: Performance Based Restricted Share Unit Agreement (Metallus Inc.), Performance Based Restricted Share Unit Agreement (Metallus Inc.)

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Detrimental Activity and Recapture. i. (a) Notwithstanding anything in this Agreement to the contrary, in the event that, as determined by the Committee, Xxxxxxx Gxxxxxx 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 1 contract

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

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Detrimental Activity and Recapture. i. a. Notwithstanding anything in this Agreement to the contrary, in the event that, as determined by the Committee, Xxxxxxx 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 1 contract

Samples: Performance Based Restricted Share Unit Agreement (Metallus Inc.)

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