Common use of Forfeiture and Clawback Clause in Contracts

Forfeiture and Clawback. The Employee agrees, by acceptance of the Option, that if the Employee breaches any provision of Sections 6(a), (b), (c), (d) or (e), in addition to any and all other remedies available to the Corporation, (i) the Option, whether vested or unvested, shall upon written notice (which may be in electronic form) immediately terminate and lapse and shall no longer be exercisable as to any shares of Common Stock; and (ii) the Employee shall within five (5) business days following receipt of written demand therefore pay to the Corporation in cash, the amount of the excess of the Fair Market Value on the exercise date of any shares of Common Stock the Employee acquired upon exercise of the Option (other than any shares acquired upon exercise of the Option more than twelve (12) months before (x) the Employment Termination Date in the situation where the Employee is no longer employed by the Corporation, or (y) the date of such breach in the situation where the Employee is employed by the Corporation), over the exercise price for such shares of Common Stock.

Forfeiture and Clawback. The Employee agrees, by acceptance of the Award and the Option, that if the Employee breaches any provision of Sections 6(a5(a), (b), (c), (d) or (e), in addition to any and all other remedies available to the CorporationCompany, (i) the Option, whether vested or unvested, shall upon written notice (which may be in electronic form) immediately terminate and lapse and shall no longer be exercisable as to any shares of Common StockShares; and (ii) the Employee shall within five (5) business days following receipt of written demand therefore pay to the Corporation Company in cash, the amount of the excess of the Fair Market Value on the exercise date of any shares of Common Stock Shares the Employee acquired upon exercise of the Option (other than any shares Shares acquired upon exercise of the Option more than twelve (12) months before (x) the Employment Termination Date in the situation where the Employee is no longer employed by the CorporationCompany, or (y) the date of such breach in the situation where the Employee is employed by the CorporationCompany), over the exercise price for such shares of Common StockShares.

Forfeiture and Clawback. The Employee agrees, by acceptance of the Option, that if the Employee breaches any provision of Sections 6(a), (b6(b), (c6(c), (d6(d) or (e6(e), in addition to any and all other remedies available to the Corporation, (i) the Option, whether vested or unvested, shall upon written notice (which may be in electronic form) immediately terminate and lapse and shall no longer be exercisable as to any shares of Common Stock; and (ii) the Employee shall within five (5) business days following receipt of written demand therefore pay to the Corporation in cash, the amount of the excess of the Fair Market Value on the exercise date of any shares of Common Stock the Employee acquired upon exercise of the Option (other than any shares acquired upon exercise of the Option more than twelve (12) months before (xA) the Employment Termination Date in the situation where the Employee is no longer employed by the Corporation, or (yB) the date of such breach in the situation where the Employee is employed by the Corporation), over the exercise price for such shares of Common Stock.