Forfeiture of RSUs on Violation of Code of Business Conduct and Ethics. Recipient acknowledges that compliance with the Company’s Code of Business Conduct and Ethics is a condition to the receipt and vesting of the RSUs. If, during the term of this Agreement, the Board of Directors (or a committee of directors designated by the Board of Directors) determines in good faith that the Recipient’s conduct is or has been in violation of the Company’s Code of Business Conduct and Ethics, then the Board of Directors or committee may cause the Recipient to immediately forfeit all or a portion of the unvested RSUs granted pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.
Appears in 7 contracts
Samples: Performance Based Restricted Stock Units Award Agreement (Columbia Sportswear Co), Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co), Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co)
Forfeiture of RSUs on Violation of Code of Business Conduct and Ethics. Recipient acknowledges that compliance with the Company’s 's Code of Business Conduct and Ethics is a condition to the receipt and vesting of the RSUs. If, during the term of this Agreement, the Board of Directors (or a committee of directors designated by the Board of Directors) determines in good faith that the Recipient’s 's conduct is or has been in violation of the Company’s 's Code of Business Conduct and Ethics, then the Board of Directors or committee may cause the Recipient to immediately forfeit all or a portion of the unvested RSUs granted pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.
Appears in 3 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co), Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co), Restricted Stock Unit Award Agreement (Columbia Sportswear Co)
Forfeiture of RSUs on Violation of Code of Business Conduct and Ethics. The Recipient acknowledges that compliance with the Company’s 's Code of Business Conduct and Ethics is a condition to the receipt and vesting of the RSUs. If, during the term of this Agreement, the Board of Directors (or a committee of directors designated by the Board of DirectorsBoard) determines in good faith that the Recipient’s 's conduct is or has been in violation of the Company’s 's Code of Business Conduct and Ethics, then the Board of Directors or committee may cause the Recipient to immediately forfeit all or a portion of the unvested RSUs granted pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co), Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co)
Forfeiture of RSUs on Violation of Code of Business Conduct and Ethics. Recipient acknowledges that compliance with the Company’s Code of Business Conduct and Ethics is a condition to the #PageNum# 64071-0003/LEGAL23962034.1 receipt and vesting of the RSUs. If, during the term of this Agreement, the Board of Directors (or a committee of directors designated by the Board of Directors) determines in good faith that the Recipient’s conduct is or has been in violation of the Company’s Code of Business Conduct and Ethics, then the Board of Directors or committee may cause the Recipient to immediately forfeit all or a portion of the unvested RSUs granted pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Columbia Sportswear Co)
