Common use of Forfeiture and Repayment Provisions Clause in Contracts

Forfeiture and Repayment Provisions. Notwithstanding the terms regarding vesting and forfeiture or any other provision set forth in this Agreement, Participant agrees that during the Restricted Period (or the Enhanced Restricted Period, if/as applicable), if Participant breaches any of the terms or conditions in this Section, then in addition to all rights and remedies available to the Company at law and in equity Participant shall immediately forfeit any portion of the Award that has not otherwise been previously forfeited under the applicable terms of this Agreement and that has not yet been paid, exercised, settled or vested. The Company may also require repayment from Participant of any and all of the compensatory value of the Award that Participant received during the Restricted Period (or the Enhanced Restricted Period, as applicable), including without limitation the gross amount of any Common Stock distribution or cash payment made to the Participant upon the vesting, distribution, exercise, or settlement of the Award and/or any consideration in excess of such gross amounts received by Participant upon the sale or transfer of the Common Stock acquired through vesting, distribution, exercise or settlement of the Award. Participant shall promptly pay the full amount due upon demand by the Company, in the form of cash or shares of Common Stock at current Fair Market Value.