Common use of Equity Recovery Clause in Contracts

Equity Recovery. If this Award and the Performance Shares or Shares you receive pursuant to this Agreement are subject to recovery under any law, government regulation or stock exchange listing requirement, the Award, the Performance Shares, and the Shares shall be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement and the Committee shall require that you reimburse the Company all or part of any payment or transfer related to this Award, the Performance Shares and the Shares.

Appears in 3 contracts

Samples: Restrictive Covenant Agreement (Total System Services Inc), Restrictive Covenant Agreement (Total System Services Inc), Restrictive Covenant Agreement (Total System Services Inc)

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Equity Recovery. If this Award and the Performance Shares or Shares you receive pursuant to this Agreement are subject to recovery under any law, government regulation or stock exchange listing requirement, the Award, the Performance Shares, and the Shares shall be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement requirement) and the Committee shall require that you reimburse the Company all or part of any payment or transfer related to this Award, the Performance Shares and the Shares.

Appears in 1 contract

Samples: Performance Share Agreement (Total System Services Inc)

Equity Recovery. If this Award and the Performance Shares or Shares you receive pursuant to this Agreement are subject to recovery under any law, government regulation or stock exchange listing requirement, the Award, the Performance Shares, and the Shares shall be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement or otherwise) and the Committee shall Committee, in its sole and exclusive discretion, may require that you reimburse the Company all or part of any payment or transfer related to this Award, the Performance Shares and the Shares.

Appears in 1 contract

Samples: Executive Performance Share Agreement (Total System Services Inc)

Equity Recovery. If this Award and the Performance Shares or Shares you receive pursuant to this Agreement are subject to recovery under any law, government regulation or stock exchange listing requirement, the Award, the Performance Shares, and the Shares shall be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement requirement) and the Committee shall Committee, in its sole and exclusive discretion, may require that you reimburse the Company all or part of any payment or transfer related to this Award, the Performance Shares and the Shares.

Appears in 1 contract

Samples: Executive Performance Share Agreement (Total System Services Inc)

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Equity Recovery. If this Award award and the Performance Shares or Shares you receive pursuant to this Agreement are subject to recovery under any law, government regulation or stock exchange listing requirement, the Awardaward, the Performance Shares, and the Shares shall be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement requirement) and the Committee shall Committee, in its sole and exclusive discretion, may require that you reimburse the Company all or part of any payment or transfer related to this Awardaward, the Performance Shares and the Shares.

Appears in 1 contract

Samples: Senior Executive Performance Share Agreement (Total System Services Inc)

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