Common use of Detrimental Activity Clause in Contracts

Detrimental Activity. The Committee in its sole discretion may cancel and cause to be forfeited any Stock Units not previously vested or released under this Agreement if you engage in any "Detrimental Activity” (as defined below). In addition, if you engage in any Detrimental Activity prior to or within one (1) year after your Termination of Service, the Committee in its sole discretion may require you to pay to the Company the amount of all gain you realized from any vesting of the Stock Units beginning six (6) months prior to your Termination of Service, provided that the Committee gives you notice of such requirement within one (1) year after your Termination of Service. In that event, the Company will be entitled to setoff such amount against any amount the Company owes to you, in addition to any other rights the Company may have. For purposes of this section: (a) “Company” includes Cree, Inc. and all other Employers under the Plan.

Detrimental Activity. The Committee in its sole discretion may cancel and cause to be forfeited any Stock Units not previously vested cancel, terminate, suspend or released under this Agreement otherwise limit or restrict exercise of the unexercised portion of the Option if you engage in any "“Detrimental Activity” (as defined below). In addition, if you engage in any Detrimental Activity prior to or within one (1) year after your Termination of Service, the Committee in its sole discretion may require you to pay to the Company the amount of all gain you realized from any vesting exercise of the Stock Units Option beginning six (6) months prior to your Termination of Service, provided that the Committee gives you notice of such requirement within one (1) year after your Termination of Service. In that event, the Company will be entitled to setoff such amount against any amount the Company owes to you, in addition to any other rights the Company may have. For purposes of this section: (a) “Company” includes Cree, Inc. and all other Employers under the Plan.

Detrimental Activity. The Committee in its sole discretion may cancel and cause to be forfeited any Stock Units not previously vested cancel, terminate, suspend or released under this Agreement otherwise limit or restrict exercise of the unexercised portion of an Option if you engage in any "“Detrimental Activity” (as defined below). In addition, if you engage in any Detrimental Activity prior to or within one (1) year after your Termination of Service, the Committee in its sole discretion may require you to pay to the Company the amount of all gain you realized from any vesting exercise of the Stock Units an Option beginning six (6) months prior to your Termination of Service, provided that the Committee gives you notice of such requirement within one (1) year after your Termination of Service. In that event, the Company will be entitled to setoff such amount against any amount the Company owes to you, in addition to any other rights the Company may have. For purposes of this section: (a) “Company” includes Cree, Inc. and all other Employers under the Plan.

Detrimental Activity. The Committee in its sole discretion may cancel and cause to be forfeited any Stock Units not previously vested cancel, terminate, suspend or released under this Agreement otherwise limit or restrict exercise of the unexercised portion of the Option if you engage in any "“Detrimental Activity” (as defined below). In addition, if you engage in any Detrimental Activity prior to or within one (1) year after your Termination of Service, the Committee in its sole discretion may require you to pay to the Company the amount of all gain you realized from any vesting exercise of the Stock Units Option beginning six (6) months prior to your Termination of Service, provided that the Committee gives you notice of such requirement within one (1) year after your Termination of Service. In that event, the Company will be entitled to setoff set off such amount against any amount the Company owes to you, in addition to any other rights the Company may have. For purposes of this section: (a) “Company” includes Cree, Inc. and all other Employers under the Plan.

Detrimental Activity. The Committee in its sole discretion may cancel and cause to be forfeited any Stock Units RSUs not previously vested or released under this Agreement if you engage in any "Detrimental Activity” (as defined below). In addition, if you engage in any Detrimental Activity prior to or within one (1) year after your Termination of Service, the Committee in its sole discretion may require you to pay to the Company the amount of all gain you realized from any vesting of the Stock Units RSUs beginning six (6) months prior to your Termination of Service, provided that the Committee gives you notice of such requirement within one (1) year after your Termination of Service. In that event, the Company will be entitled to setoff set off such amount against any amount the Company owes to you, in addition to any other rights the Company may have. For purposes of this section: (a) “Company” includes Cree, Inc. and all other Employers under the Plan.

Detrimental Activity. The Committee in its sole discretion may cancel and cause to be forfeited any Stock Units not previously vested cancel, terminate, suspend or released under this Agreement otherwise limit or restrict exercise of the unexercised portion of an Option if you engage in any "“Detrimental Activity” (as defined below). In addition, if you engage in any Detrimental Activity prior to or within one (1) year after your Termination of Service, the Committee in its sole discretion may require you to pay to the Company the amount of all gain you realized from any vesting exercise of the Stock Units Option beginning six (6) months prior to your Termination of Service, provided that the Committee gives you notice of such requirement within one (1) year after your Termination of Service. In that event, the Company will be entitled to setoff such amount against any amount the Company owes to you, in addition to any other rights the Company may have. For purposes of this section: (a) “Company” includes Cree, Inc. and all other Employers under the Plan.

Detrimental Activity. The Committee in its sole discretion may cancel and cause to be forfeited any Stock Units RSUs not previously vested or released under this Agreement if you engage in any "Detrimental Activity” (as defined below). In addition, if you engage in any Detrimental Activity prior to or within one (1) year after your Termination of Service, the Committee in its sole discretion may require you to pay to the Company the amount of all gain you realized from any vesting of the Stock Units RSUs beginning six (6) months prior to your Termination of Service, provided that the Committee gives you notice of such requirement within one (1) year after your Termination of Service. In that event, the Company will be entitled to setoff set off such amount against any amount the Company owes to you, in addition to any other rights the Company may have. For purposes of this section: (a) “Company” includes Cree, Inc. and all other Employers under the Plan.