Detrimental Activity and Recapture. (a) In the event that, as determined by the Committee, the Optionee shall engage in Detrimental Activity during employment with the Company or a Subsidiary, the Option will be forfeited automatically and without further notice at the time of that determination notwithstanding any other provision of this Agreement.
Appears in 3 contracts
Samples: The Timken Company (Timken Co), The Timken Company (Timken Co), Nonqualified Stock Option Agreement (Timken Co)
Detrimental Activity and Recapture. (a) In the event that, as determined by the Committee, the Optionee shall engage in Detrimental Activity during employment with the Company or a Subsidiary, the Option will be forfeited automatically and without further notice at the time of that determination notwithstanding any other provision of this Agreement.. For purposes of this Agreement, “
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (TimkenSteel Corp), Nonqualified Stock Option Agreement (TimkenSteel Corp)
Detrimental Activity and Recapture. (a) In the event that, as determined by the Committee, the Optionee shall engage in Detrimental Activity during employment with the Company or while serving as a SubsidiaryDirector, the Option covered by this Agreement will be forfeited automatically and without further notice at the time of that determination notwithstanding any other provision of this Agreement.. For purposes of this Agreement, “
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Cibus Global, Ltd.)
Detrimental Activity and Recapture. (a) In Notwithstanding anything in this Agreement, in the event that, as determined by the Committee, the Optionee shall engage engages in Detrimental Activity during employment with the Company or a Subsidiary, the Option will be forfeited automatically and without further notice at the time of that determination notwithstanding any other provision of this Agreement.determination. As used herein, “
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (TimkenSteel Corp)
Detrimental Activity and Recapture. (a) In the event that, as determined by the Committee, the Optionee shall engage in Detrimental Activity during employment with the Company or a Subsidiary, the Option covered by this Agreement will be forfeited automatically and without further notice at the time of that determination notwithstanding any other provision of this Agreement.. For purposes of this Agreement, “
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Cibus Global, Ltd.)
