Common use of Forfeiture and Clawback Clause in Contracts

Forfeiture and Clawback. (a) Notwithstanding anything to the contrary contained herein, this Agreement shall expire and be canceled, and Grantee shall not vest in any Performance Units (whether or not the Performance Metrics have been satisfied), and Performance Units shall be cancelled, if Grantee violates the terms of any confidentiality, non-solicit or non-compete obligation, or any other restrictive covenant set forth in any agreement between Grantee and the Company.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (Dick's Sporting Goods, Inc.), Performance Unit Award Agreement (Dick's Sporting Goods, Inc.), Performance Unit Award Agreement (Dick's Sporting Goods, Inc.)

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Forfeiture and Clawback. (a) Notwithstanding anything to the contrary contained herein, this Agreement shall expire and be canceled, and Grantee shall not vest in any Performance Units Shares (whether or not the Performance Metrics have been satisfiedsatisfied ), and Performance Units Shares shall be cancelled, if Grantee violates the terms of any confidentiality, non-solicit or non-compete obligation, or any other restrictive covenant set forth in any agreement between Grantee and the Company.

Appears in 1 contract

Samples: Performance Share Award Agreement (Dick's Sporting Goods, Inc.)

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