Common use of Forfeiture; Recovery of Compensation Clause in Contracts

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, the Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Award, under the Award, including the right to any Shares acquired under the Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock Units. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (LifeStance Health Group, Inc.), Performance Based Award Agreement (LifeStance Health Group, Inc.), Restricted Stock Unit Award Agreement (LifeStance Health Group, Inc.)

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Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, the this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the this Award, under the this Award, including the right to any Shares acquired under the this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock UnitsRSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 9 of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Cerence Inc.), Restricted Stock Unit Award Agreement (Agenus Inc), Restricted Stock Unit Award Agreement (Cerence LLC)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Award at any time if the Participant is not in compliance with all applicable provisions of this Restricted Stock Unit Agreement and the Plan. By accepting, or being deemed to have accepted, the Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Award, under the Award, including the right to any Shares acquired under the Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) paragraph 34 of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock UnitsRSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 6 of this Restricted Stock Unit Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (ImmunoGen, Inc.), Restricted Stock Unit Agreement (ImmunoGen, Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, the this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the this Award, under the this Award, including the right to any Shares acquired under the this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock Units. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 of this AgreementRSUs.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Nuance Communications, Inc.), Restricted Stock Unit Award Agreement (Nuance Communications, Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, the this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the this Award, under the this Award, including the right to any Shares acquired under the this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock UnitsPSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 12 of this Agreement.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Cerence Inc.), Performance Based Restricted Stock Unit Award Agreement (Cerence Inc.)

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Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, the this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the this Award, under the this Award, including the right to any Shares acquired under the this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock UnitsRSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cerence Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, the this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the this Award, under the this Award, including the right to any Shares acquired under the this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock UnitsPSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 of this Agreement.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Cerence LLC)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Award at any time if the Participant Grantee is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, the Award, the Participant Grantee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Award, under the Award, including the right to any Shares acquired under the Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) paragraph 34 of the Plan (including any successor provision). The Participant Grantee further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the Restricted Stock Units. Nothing in the preceding sentence may be construed as limiting the general application of Section 10 6 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (ImmunoGen, Inc.)

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