Forfeiture Event. You agree to reimburse the Company with respect to the Restricted Stock Units to the extent required under Section 304 of the Xxxxxxxx-Xxxxx Act of 2002 or as otherwise required by law.
Forfeiture Event. Subject to Paragraphs 6C, 6D, 6E and 6F below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the Company, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted Stock, you cease to be an Employee (a "Forfeiture Event").
Forfeiture Event. A “Forfeiture Event” occurs if any of the following occur:
Forfeiture Event. Optionee agrees to reimburse the Company with respect to the Options and Option Shares to the extent required by Section 304 of the Xxxxxxxx-Xxxxx Act of 2002 or as otherwise required by law.
Forfeiture Event. Optionee agrees to reimburse the Company with respect to the Option to the extent required by Section 304 of the Xxxxxxxx-Xxxxx Act of 2002, as determined by the independent members of the Board in their discretion. The Company from time to time distributes and makes available to associates a disclosure document relating to the Plan. You may also contact the HR Help Center to obtain a copy of the Plan disclosure document and the Plan. You should carefully read the Plan disclosure document and the Plan. By accepting the benefits of this Option you acknowledge receipt of the Plan, and the Plan disclosure document and agree to be bound by the terms of this Option and the Plan.
Forfeiture Event. The Covered Officer has violated a post-termination non-competition covenant set forth in the Restrictive Covenant and Confidentiality Agreement between the Covered Officer and Xxxxxxx Mac in effect when a payment of Deferred Salary is scheduled to be made. Compensation Subject to Recapture and/or Forfeiture: 50% of the Deferred Salary paid to the Covered Officer during the twelve months immediately preceding the violation and 100% of all Deferred Salary unpaid at the time of such violation. The recapture of compensation constitutes a forfeiture of such compensation and the Covered Officer’s immediate repayment of the same to Xxxxxxx Mac shall occur notwithstanding the terms of any applicable plan, agreement or award to the contrary.
Forfeiture Event. The Covered Officer has earned or obtained the legally binding right to a payment of Deferred Salary based on materially inaccurate financial statements (including without limitation, statements of earnings, revenues, or gains) or any other materially inaccurate performance measure.
Forfeiture Event. For purposes of this Agreement, a Forfeiture Event means the termination of employment of the Employee other than as set forth in Section 2(I) or due to Non-CIC Cause.
Forfeiture Event. A Participant who is not in the employment of the Employer or an Affiliate upon a complete termination of the Plan or a complete discontinuance of Employer contributions hereto, shall be fully Vested if, on the date of such termination or discontinuance, such Participant has not had a "forfeiture event" as described below:
Forfeiture Event. The Covered Officer’s employment with Xxxxxxx Mac is terminated because, in carrying out his or her duties, the Covered Officer engages in conduct that constitutes gross neglect or gross misconduct that is materially harmful to Xxxxxxx Mac, or within two years after the Covered Officer’s termination of employment the Board determines in good faith that the Covered Officer, prior to his or her termination of employment, engaged in conduct that constitutes gross neglect or gross misconduct and that such actions resulted in material harm to Xxxxxxx Mac.
