Common use of Forfeiture; Recovery of Compensation Clause in Contracts

Forfeiture; Recovery of Compensation. By accepting the Stock Option the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, under the Stock Option or 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) and Section 5 of this Agreement. Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 of this Agreement.

Appears in 8 contracts

Samples: Non Statutory Stock Option Agreement (Michaels Companies, Inc.), Non Statutory Stock Option Agreement (Michaels Companies, Inc.), Employment Agreement (Michaels Companies, Inc.)

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Forfeiture; Recovery of Compensation. By accepting the Stock Option Option, the Optionee Participant expressly acknowledges and agrees that his or her the Participant’s rights, and those of any permitted transferee, under with respect to the Stock Option or Option, including the right 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) and Section 5 of this Agreement). Nothing in the preceding sentence shall will be construed as limiting the general application of Section 9 8 of this Agreement.

Appears in 6 contracts

Samples: Non Statutory Stock Option Agreement (Vapotherm Inc), Non Statutory Stock Option Agreement (Vapotherm Inc), Non Statutory Stock Option Agreement (Vapotherm Inc)

Forfeiture; Recovery of Compensation. By accepting the Stock Option the Optionee Participant expressly acknowledges and agrees that his or her rights, rights (and those of any permitted transferee, ) under the Stock Option or to any Stock acquired under the Stock Option or any proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 8 of this Agreement.

Appears in 5 contracts

Samples: Non Statutory Stock Option Agreement (Skyline Champion Corp), Non Statutory Stock Option Agreement (Skyline Champion Corp), Non Statutory Stock Option Agreement (Skyline Champion Corp)

Forfeiture; Recovery of Compensation. By accepting the Stock Option Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transfereetransferee of the Option, under the Stock Option or Option, to any Stock acquired under the Stock Option or to proceeds from the disposition thereof, are subject to Section 6(a)(5) Rule 6.6 of the Plan (including any successor provision) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 of this Agreement.

Appears in 4 contracts

Samples: Officer Stock Option Award (Oxford Immunotec Global PLC), Stock Option Agreement (Oxford Immunotec Global PLC), Officer Stock Option Award (Oxford Immunotec Global PLC)

Forfeiture; Recovery of Compensation. By accepting the Stock Option the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, under the Stock Option or 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) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 8 of this Agreement.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Abiomed Inc), Non Statutory Stock Option Agreement (Abiomed Inc)

Forfeiture; Recovery of Compensation. By accepting the Stock Option the Optionee expressly acknowledges and agrees that his or her rightsrights under the Stock Option, and those of any permitted transferee, under transferee of the Stock Option or to of 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) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 7 of this Agreement.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Bright Horizons Family Solutions Inc.), Non Statutory Stock Option Agreement (Bright Horizons Family Solutions Inc.)

Forfeiture; Recovery of Compensation. By accepting accepting, or being deemed to have accepted, the Stock Option Option, the Optionee Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, under with respect to the Stock Option or Option, including the right to any Stock Shares acquired under the Stock Option or proceeds from the disposition and any amounts received in respect thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 5 ). The Participant further agrees to be bound by the terms of this Agreement. Nothing in any applicable clawback or recoupment policy of the preceding sentence shall be construed as limiting the general application of Section 9 of this Agreement.

Appears in 1 contract

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

Forfeiture; Recovery of Compensation. By accepting the Stock this Option the Optionee expressly acknowledges and agrees that his or her rights, rights (and those of any permitted transferee, ) under the Stock this Option or to any Stock acquired under the Stock this Option or any proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 5 of this Agreement. Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 of this Agreement).

Appears in 1 contract

Samples: Stock Option Award Agreement (Arrowhead Research Corp)

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Forfeiture; Recovery of Compensation. By accepting the Stock Option the Optionee expressly acknowledges and agrees that his or her rights, rights (and those of any permitted transferee, ) under the Stock Option or to any Stock acquired under the Stock Option or any proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 of this Agreement.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Bright Horizons Family Solutions Inc.)

Forfeiture; Recovery of Compensation. By accepting the Stock Option Option, the Optionee expressly acknowledges and agrees that his or her rights, rights (and those of any permitted transferee, ) under the Stock Option or to any Stock acquired under the Stock Option or any proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 of this Agreement.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Bright Horizons Family Solutions Inc.)

Forfeiture; Recovery of Compensation. By accepting the Stock Option the Optionee expressly acknowledges and agrees that his or her rights, rights (and those of any permitted transferee, ) under the Stock Option or to any Stock acquired under the Stock Option or any proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 7 of this Agreement.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Avanir Pharmaceuticals, Inc.)

Forfeiture; Recovery of Compensation. By accepting the Stock Option Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transfereetransferee of the Option, under the Stock Option or to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) Rule 6.6 of the Plan (including any successor provision) and Section 5 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 9 of this Agreement.

Appears in 1 contract

Samples: Director Stock Option Award (Oxford Immunotec Global PLC)

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