Common use of Existing Covenants Clause in Contracts

Existing Covenants. If Participant violates any confidentiality, non-competition, or non-solicitation covenants to which Participant is subject pursuant to any separate agreement between Participant and the Company and/or its Subsidiaries or Affiliates, all unvested Restricted Stock shall be cancelled and forfeited immediately.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Solutia Inc), Restricted Stock Award Agreement (Solutia Inc)

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Existing Covenants. If Participant violates any confidentiality, non-competition, or non-solicitation covenants to which Participant is subject pursuant to any separate agreement between Participant and the Company and/or its Subsidiaries or Affiliates, all unvested Restricted Performance Stock shall be cancelled and forfeited immediately.

Appears in 2 contracts

Samples: Performance Stock Award Agreement (Solutia Inc), Performance Stock Award Agreement (Solutia Inc)

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