Common use of Forfeiture; Recovery of Compensation Clause in Contracts

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Stock Option, under the Stock Option, including to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

Appears in 17 contracts

Samples: Non Statutory Stock Option Agreement (Acceleron Pharma Inc), Non Statutory Stock Option Agreement (Acceleron Pharma Inc), Non Statutory Stock Option Agreement (Acceleron Pharma Inc)

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Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any transferee permitted transferee by the Administrator of the Stock Option, under the Stock Option, including to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

Appears in 6 contracts

Samples: Non Statutory Stock Option Agreement (Trinseo S.A.), Non Statutory Stock Option Agreement (Trinseo S.A.), Non Statutory Stock Option Agreement (Trinseo S.A.)

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Stock Option, under the Stock Option, including Option to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

Appears in 5 contracts

Samples: Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.)

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan.. ​ (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any transferee permitted transferee by the Administrator of the Stock Option, under the Stock Option, including to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.. ​

Appears in 5 contracts

Samples: Non Statutory Stock Option Agreement (Trinseo PLC), Non Statutory Stock Option Agreement (Trinseo PLC), Non Statutory Stock Option Agreement (Trinseo PLC)

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Stock Option, under the Stock Option, including Option to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(56(a)(v) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this AgreementAgreement.5.

Appears in 4 contracts

Samples: Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.)

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Stock Option, under the Stock Option, including Option to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement. 5.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.)

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, rights and those of any permitted transferee of the Stock Option, under the Stock Option, including to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Surgery Partners, Inc.), Non Statutory Stock Option Agreement (Surgery Partners, Inc.), Non Statutory Stock Option Agreement (Planet Fitness, Inc.)

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Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee Participant is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting accepting, or being deemed to have accepted, the Stock Option, the Optionee Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Stock Option, under the Stock Option, including the right to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall may be construed as limiting the general application of Section 8 7 of this Agreement.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Ironwood Pharmaceuticals Inc), Stock Option Agreement (Cyclerion Therapeutics, Inc.)

Forfeiture; Recovery of Compensation. (a) a. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) b. By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, rights (and those of any permitted transferee of the Stock Optiontransferee), under the Stock Option, including to any Stock Shares acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Planet Fitness, Inc.)

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, rights (and those of any permitted transferee of the Stock Optiontransferee), under the Stock Option, including to any Stock Shares acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Planet Fitness, Inc.)

Forfeiture; Recovery of Compensation. (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee Participant is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting accepting, or being deemed to have accepted, the Stock Option, the Optionee Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Stock Option, under the Stock Option, including the right to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall may be construed as limiting the general application of Section 8 7 of this Agreement.

Appears in 1 contract

Samples: Amendment to Original Offer Letter (Cyclerion Therapeutics, Inc.)

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