Common use of Forfeiture of Awards Clause in Contracts

Forfeiture of Awards. By accepting the Award, you expressly agree and acknowledge that the forfeiture provisions will apply if the Committee determines, in its sole judgment, that you have engaged in an act that violates paragraph (a) and/or (b). In such a determination, your outstanding Performance Share Units will immediately be rescinded, and you will forfeit any rights you have with respect to these Performance Share Units as of the date of the Committee’s determination. In addition, you hereby agree and promise immediately to deliver to the Company an amount equal to the value of any Performance Share Units you received under this Award during the period beginning twelve (12) months prior to your Termination of Employment and ending on the date of the Committee’s determination.

Forfeiture of Awards. By accepting the Award, you expressly agree and acknowledge that the forfeiture provisions will apply if the Committee determines, in its sole judgment, that you have engaged in an act that violates paragraph (a) and/or (b). In such a determination, your outstanding Performance Restricted Share Units will immediately be rescinded, and you will forfeit any rights you have with respect to these Performance Restricted Share Units as of the date of the Committee’s determination. In addition, you hereby agree and promise immediately to deliver to the Company an amount equal to the value of any Performance Restricted Share Units you received under this Award during the period beginning twelve (12) months prior to your Termination of Employment and ending on the date of the Committee’s determination.

Forfeiture of Awards. By accepting the Award, you expressly agree and acknowledge that the forfeiture provisions will apply if the Committee determines, in its sole judgment, that you have engaged in an act that violates paragraph (a) and/or (b). In such a determination, your outstanding Performance Restricted Share Units will immediately be rescinded, and you will forfeit any rights you have with respect to these Performance Restricted Share Units as of the date of the Committee’s determination. In addition, you hereby agree and promise immediately to deliver to the Company Company, an amount equal to the value of any Performance Restricted Share Units you received under this Award during the period beginning twelve (12) months prior to your Termination of Employment and ending on the date of the Committee’s determination.

Forfeiture of Awards. By accepting the Award, you expressly agree and acknowledge that the forfeiture provisions will apply if the Committee determines, in its sole judgment, that you have engaged in an act that violates paragraph (a) and/or (b). In such a determination, your outstanding Performance Share Units Options will immediately be rescinded, and you will forfeit any rights you have with respect to these Performance Share Units Options as of the date of the Committee’s determination. In addition, you hereby agree and promise immediately to deliver to the Company Company, an amount equal to the value of any Performance Share Units Options you received under this Award during the period beginning twelve (12) months prior to your Termination of Employment and ending on the date of the Committee’s determination.

Forfeiture of Awards. By accepting the AwardOption, you expressly agree and acknowledge that the forfeiture provisions will apply if the Committee determines, in its sole judgment, that you have engaged in an act that violates paragraph (a) and/or (b). In such a determination, your outstanding Performance Share Units Options will immediately be rescinded, and you will forfeit any rights you have with respect to these Performance Share Units Options as of the date of the Committee’s determination. In addition, you hereby agree and promise immediately to deliver to the Company Company, an amount equal to the value of any Performance Share Units Options you received under this Award award during the period beginning twelve (12) months prior to your Termination of Employment and ending on the date of the Committee’s determination.