Common use of Effect of Financial Restatements Clause in Contracts

Effect of Financial Restatements. In the event that the Participant commits misconduct, fraud or gross negligence (whether or not such misconduct, fraud or gross negligence is deemed or could be deemed to be an event constituting Cause) and as a result of, or in connection with, such misconduct, fraud or gross negligence, the Company restates any of its financial statements, then the Committee may require any or all of the following:

Appears in 10 contracts

Samples: Performance Stock Unit Agreement (Hertz Corp), Restricted Stock Unit Agreement (Hertz Corp), Restricted Stock Unit Agreement (Hertz Corp)

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Effect of Financial Restatements. In the event that the Participant commits misconduct, fraud or gross negligence (whether or not such misconduct, fraud or gross negligence is deemed or could be deemed to be an event constituting Cause) and as a result of, or in connection with, such misconduct, fraud or gross negligence, negligence the Company restates any of its financial statements, then the Committee may require any or all of the following:

Appears in 9 contracts

Samples: Performance Stock Unit Agreement (Hertz Global Holdings Inc), Performance Stock Unit Agreement (Hertz Global Holdings Inc), Performance Stock Unit Agreement (Hertz Global Holdings Inc)

Effect of Financial Restatements. In the event that the Participant commits misconduct, fraud misconduct or gross negligence (whether or not such misconduct, fraud misconduct or gross negligence is deemed or could be deemed to be an event constituting Cause) and as a result of, or in connection with, such misconduct, fraud misconduct or gross negligence, negligence the Company restates any of its financial statements, then the Committee may require any or all of the following:

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Hertz Global Holdings Inc), Restricted Stock Unit Agreement (Hertz Global Holdings Inc)

Effect of Financial Restatements. In the event that the Participant commits misconduct, fraud or gross negligence (whether or not such misconduct, fraud or gross negligence is deemed or could be deemed to be an event constituting Cause) and as a result of, or in connection with, such misconduct, fraud or gross negligence, the Company restates any of its financial statements,, then the Committee may require any or all of the following:

Appears in 1 contract

Samples: Restricted Stock Agreement (Hertz Corp)

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Effect of Financial Restatements. In the event that the Participant commits misconduct, fraud or gross negligence (whether or not such misconduct, fraud or gross negligence is deemed or could be deemed to be an event constituting Cause) and as a result of, or in connection with, such misconduct, fraud or gross negligence, negligence the Company restates any of its financial statements, then the Committee may require any or all of the following:

Appears in 1 contract

Samples: Employee Stock Option Agreement (Hertz Corp)

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