Common use of Forfeiture Events Clause in Contracts

Forfeiture Events. The Committee may specify in an Award Agreement that the Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, in addition to applicable vesting conditions of an Award. Such events may include, without limitation, breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable to the Participant, a termination of the Participant’s Continuous Service for Cause, or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its Affiliates.

Appears in 3 contracts

Samples: Merger Agreement (Monterey Capital Acquisition Corp), Merger Agreement (Fortune Rise Acquisition Corp), Business Combination Agreement (Collier Creek Holdings)

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Forfeiture Events. The Committee may specify in an Award Agreement that the Participant’s rights, payments payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may shall include, without limitationbut shall not be limited to, termination of employment for Cause, violation of material Company, Affiliate, and/or Subsidiary policies, breach of non-competition, non-solicitationnoncompetition, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable may apply to the Participant, a termination of the Participant’s Continuous Service for Cause, or other conduct by the Participant that is detrimental to the business or reputation of the Company Company, its Affiliates, and/or its AffiliatesSubsidiaries.

Appears in 1 contract

Samples: Equity Compensation Agreement (County Bancorp, Inc.)

Forfeiture Events. The Committee may specify in an Award Agreement that the Participant’s rights, payments payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, without limitationbut shall not be limited to, termination of employment for cause, violation of material Company, Affiliate, and/or subsidiary policies, breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable may apply to the Participant, a termination of the Participant’s Continuous Service for Cause, or other conduct by the Participant that is detrimental to the business or reputation of the Company Company, its Affiliates, and/or its Affiliatessubsidiaries.

Appears in 1 contract

Samples: 2005 Restricted Stock and Restricted Stock Unit Plan (Unitrin Inc)

Forfeiture Events. Any Award held by a Participant whose Separation from Service is due to a discharge for Cause shall be forfeited. The Committee may specify in an Award Agreement that the a Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, other events (in addition to applicable vesting conditions of an Award). Such events may include, without limitation, breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable to the Participant, a termination of the Participant’s Continuous Service for Cause, or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its AffiliatesCorporation.

Appears in 1 contract

Samples: Employment Agreement (Ormat Technologies, Inc.)

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Forfeiture Events. The Committee may specify in an Award Agreement that the Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, in addition to applicable vesting conditions of an Award. Such events may include, without limitation, breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable to the Participant, a termination of the Participant’s Continuous Service employment or service for Cause, or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its AffiliatesFirst Financial.

Appears in 1 contract

Samples: 2020 Stock Plan (First Financial Bancorp /Oh/)

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