Equity Awards and Repayment Conditions. Within 120 days after the Effective Date of the CIA, Indivior shall implement an eligibility and repayment condition on Indivior’s Equity Awards that will allow Indivior, as a consequence of a Triggering Event, to pursue repayment from Covered Executives of all or a portion of the value of Equity Awards provided to the Covered Executive for the two years prior to the Affirmative Recoupment Determination Equity Awards. These eligibility and repayment conditions shall be designed to survive the vesting or distribution of the Equity Award and the separation of a Covered Executive’s employment for a period of two years from the vesting or distribution. If an Affirmative Recoupment Determination is made, Indivior shall endeavor to collect repayment of all or a portion of the value of Equity Awards for the two years prior to an Affirmative Recoupment Determination from a Covered Executive through reasonable and appropriate means (including by means of filing suit against the executive, as may be appropriate) to the extent permitted by controlling law of the relevant jurisdiction.
Equity Awards and Repayment Conditions. Sandoz shall implement an eligibility and repayment condition on Sandoz’s Equity Awards that will allow Sandoz, as a consequence of a Triggering Event, to pursue repayment from Covered Executives of all or a portion of the value of Equity Awards provided to the Covered Executive for the three years prior to the Affirmative Recoupment Determination of Equity Awards. To the extent permitted by controlling law, these eligibility and repayment conditions shall be designed to survive the vesting or distribution of the Equity Award and the separation of a Covered Executive’s employment for a period of three years from the vesting or distribution. If an Affirmative Recoupment Determination is made, Sandoz shall endeavor to collect repayment of all or a portion of the value of Equity Awards for the three years prior to an Affirmative Recoupment Determination from a Covered Executive through reasonable and appropriate means (including by means of filing suit against the executive, as may be appropriate) to the extent permitted by controlling law of the relevant jurisdiction.
Equity Awards and Repayment Conditions. Par shall implement an eligibility and repayment condition on Par’s deferred or unvested Equity Awards designed to survive the separation of a Covered Executive’s employment. More specifically, to the extent necessary, Par shall implement an eligibility and repayment condition on Par’s deferred or unvested Equity Awards in order to clarify that, as a consequence of a Triggering Event, Par may pursue repayment by a Covered Executive who is a former employee of all or any portion of the last 3 years’ worth of any Equity Awards that became vested during the 3 years preceding the Recoupment Determination. To the extent permitted by controlling law, these eligibility and repayment conditions shall survive vesting and payment for a period of 3 years from the Covered Executive’s employment termination date. In addition, Par shall amend the vesting schedule of Par’s deferred or unvested Equity Awards (but only as to awards made in 2014 and later Equity Award Years) so that Covered Executives who are “good leavers” (e.g., terminating employment due to retirement, death or disability) will no longer vest in, nor receive a distribution of, any unvested Equity Awards immediately following termination of employment; rather, such deferred or unvested Equity Awards will only vest and be distributable after the first anniversary of the Covered Executive’s termination of employment. Consistent with a Recoupment Determination, Par shall collect repayment of these deferred or unvested Equity Awards from the Covered Executive to the extent permitted by controlling law of the jurisdiction in which the Covered Executive works. If necessary to collect the repayment, Par shall file suit against the Covered Executive unless good cause exists not to do so.
Equity Awards and Repayment Conditions. Taro shall implement an eligibility and repayment condition on Taro’s Equity Awards that will allow Taro, as a consequence of a Triggering Event, to pursue repayment from Covered Executives of all or a portion of the value of Equity Awards provided to the Covered Executive for the three years prior to the Affirmative Recoupment Determination Equity Awards. These eligibility and repayment conditions shall be designed to survive the vesting or distribution of the Equity Award and the separation of a Covered Executive’s employment for a period of three years from the vesting or distribution. If an Affirmative Recoupment Determination is made, Taro shall endeavor to collect repayment of all or a portion of the value of Equity Awards for the three years prior to an Affirmative Recoupment Determination from a Covered Executive through reasonable and appropriate means (including by means of filing suit against the executive, as may be appropriate) to the extent permitted by controlling law of the relevant jurisdiction.
