Forfeiture and Clawback. (a) You agree that in the event you violate the confidentiality, non-competition, non-solicitation or non-disparagement provisions of any agreement between you and the Company or any Affiliate, or any plan of the Company or any Affiliate in which you participate, including any severance plan, all of your RSUs for which the restrictions have not previously lapsed in accordance with Section 5 shall be forfeited to the Company and all of your rights to receive any Shares in the future pursuant to the RSUs shall automatically terminate without any payment of consideration by the Company.
Appears in 3 contracts
Samples: Willbros Group, Inc.\NEW\, Willbros Group, Inc.\NEW\, Willbros Group, Inc.\NEW\
Forfeiture and Clawback. (a) You agree that in the event you violate the confidentiality, non-competition, non-solicitation or non-disparagement provisions of any agreement between you and the Company or any Affiliate, or any plan of the Company or any Affiliate in which you participate, including any severance planwithout limitation, all the non-solicitation provisions of your Section 7 below, you will forfeit in their entirety the Performance Cash Award, the RSUs for which and the restrictions have not previously lapsed in accordance with Section 5 shall be forfeited to the Company Performance Units, and all of your rights to receive any Shares in the future pursuant to the RSUs thereto shall automatically terminate without any payment of consideration by the Company.
Appears in 3 contracts
Samples: Matrix Service Company (Matrix Service Co), Matrix Service Company (Matrix Service Co), Award Agreement (Matrix Service Co)
Forfeiture and Clawback. (a) You agree that in the event you violate the confidentiality, non-competition, non-solicitation or non-disparagement provisions of any agreement between you and the Company or any Affiliate, or any plan of the Company or any Affiliate in which you participate, including any severance plan, you shall forfeit to the Company all of your RSUs the Restricted Shares for which the restrictions have not previously lapsed in accordance with Section 5 shall be forfeited to the Company and all of your rights to receive any Shares in the future pursuant to the RSUs thereto shall automatically terminate without any payment of consideration by the Company.
Appears in 2 contracts
Samples: Employment Agreement (Willbros Group, Inc.\NEW\), Restricted Stock Award Agreement (Willbros Group, Inc.\NEW\)
Forfeiture and Clawback. (a) You agree that in the event you violate the confidentiality, non-competition, non-solicitation or non-disparagement provisions of any agreement between you and the Company or any Affiliate, or any plan of the Company or any Affiliate in which you participate, including any severance planwithout limitation, all the non-solicitation provisions of your Section 7 below, you will forfeit in their entirety the RSUs for which and the restrictions have not previously lapsed in accordance with Section 5 shall be forfeited to the Company Performance Units, and all of your rights to receive any Shares in the future pursuant to the RSUs thereto shall automatically terminate without any payment of consideration by the Company.
Appears in 2 contracts
Samples: Matrix Service Company (Matrix Service Co), Award Agreement (Matrix Service Co)
Forfeiture and Clawback. (a) You a)You agree that in the event you violate the confidentiality, non-non- competition, non-solicitation or non-disparagement provisions of any agreement between you and the Company or any Affiliate, or any plan of the Company or any Affiliate in which you participate, including any severance planwithout limitation, all the non- solicitation provisions of your Section 7 below, you will forfeit in their entirety the Performance Cash Award, the RSUs for which and the restrictions have not previously lapsed in accordance with Section 5 shall be forfeited to the Company Performance Units, and all of your rights to receive any Shares in the future pursuant to the RSUs thereto shall automatically terminate without any payment of consideration by the Company.
Appears in 1 contract
Samples: Award Agreement
Forfeiture and Clawback. (a) You agree that in the event you violate the confidentiality, non-competition, non-solicitation or non-disparagement provisions of any agreement between you and the Company or any Affiliate, or any plan of the Company or any Affiliate in which you participate, including any severance planyou will forfeit in their entirety the Performance Cash Award, all of your the RSUs for which and the restrictions have not previously lapsed in accordance with Section 5 shall be forfeited to the Company Performance Units, and all of your rights to receive any Shares in the future pursuant to the RSUs thereto shall automatically terminate without any payment of consideration by the Company.
Appears in 1 contract
Samples: Service Company (Matrix Service Co)