Common use of Forfeiture; Recovery of Compensation Clause in Contracts

Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the Stock Option, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the Stock Option, including the right to any Shares acquired under the Stock Option and any amounts received in respect 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 applicable clawback or recoupment policy of the Company. Nothing in the preceding sentence will be construed as limiting the general application of Section 8 of this Agreement.

Appears in 11 contracts

Samples: Non Statutory Stock Option Agreement (MiNK Therapeutics, Inc.), Incentive Stock Option Agreement (MiNK Therapeutics, Inc.), Non Statutory Stock Option Agreement (Olaplex Holdings, Inc.)

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Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the Stock Option, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the Stock Option, including the right to any Shares acquired under the Stock Option and or any amounts received in respect 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 applicable clawback or recoupment policy of and any stock ownership guidelines of, or established by, the Company. Nothing in the preceding sentence will be construed as limiting the general application of Section 8 of this Agreement.

Appears in 5 contracts

Samples: Non Statutory Stock Option Agreement (Hillman Solutions Corp.), Non Statutory Stock Option Agreement (Hillman Solutions Corp.), Non Statutory Stock Option Agreement (Cyteir Therapeutics, Inc.)

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Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the Stock Share Option, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the Stock Share Option, including the right to any Shares acquired under the Stock Share Option and any amounts received in respect 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 applicable clawback or recoupment policy of the Company. Nothing in the preceding sentence will be construed as limiting the general application of Section 8 of this Agreement.

Appears in 4 contracts

Samples: Non Statutory Share Option Agreement (LianBio), Performance Based Non Statutory Share Option Agreement (LianBio), Non Statutory Share Option Agreement (LianBio)

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