Common use of Forfeiture of Awards Clause in Contracts

Forfeiture of Awards. If the Company is required to prepare an accounting restatement due to material non-compliance of the Company, as a result of misconduct by a Participant, with any financial reporting requirement under any applicable laws, the Participant shall reimburse the Company for all amounts received under the Equity LTI Plan within 30 days after receipt of notice of the same from the Company.

Appears in 12 contracts

Samples: Performance Based Equity Award Agreement (Farmers National Banc Corp /Oh/), Performance Based Equity Award Agreement (Farmers National Banc Corp /Oh/), Performance Based Equity Award Agreement (Farmers National Banc Corp /Oh/)

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Forfeiture of Awards. If the Company is required to prepare an accounting restatement due to material non-compliance of the Company, as a result of misconduct by a Participant, with any financial reporting requirement under any applicable laws, the Participant shall reimburse the Company for all amounts received under the Equity LTI Plan within 30 days after receipt of notice of the same from the Company.

Appears in 12 contracts

Samples: Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/), Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/), Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/)

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Forfeiture of Awards. If the Company is required to prepare an accounting restatement due to material non-compliance of the Company, as a result of misconduct by a Participant, with any financial reporting requirement under any applicable laws, the Participant shall reimburse the Company for all amounts received under the Equity Cash LTI Plan within 30 days after receipt of notice of the same from the Company.

Appears in 11 contracts

Samples: Performance Based Cash Award Agreement (Farmers National Banc Corp /Oh/), Performance Based Cash Award Agreement (Farmers National Banc Corp /Oh/), Performance Based Cash Award Agreement (Farmers National Banc Corp /Oh/)

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