Common use of Forfeiture; Recovery of Compensation Clause in Contracts

Forfeiture; Recovery of Compensation. By accepting the Restricted Stock the Grantee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, of the Restricted Stock or of any Stock received following the vesting of the Restricted Stock or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 11 of this Agreement. Nothing in the preceding sentence shall be construed as limiting the general application of Section 14 of this Agreement.

Appears in 10 contracts

Samples: Restricted Stock Agreement (Michaels Companies, Inc.), Restricted Stock Agreement (Michaels Companies, Inc.), Restricted Stock Agreement (Michaels Companies, Inc.)

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Forfeiture; Recovery of Compensation. By accepting the Restricted Stock the Grantee expressly acknowledges and agrees that his or her rightsrights under the Restricted Stock, and those of any permitted transferee, transferee of the Restricted Stock or of any Stock received following the vesting of the Restricted Stock or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 11 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 14 13 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Bright Horizons Family Solutions Inc.)

Forfeiture; Recovery of Compensation. By accepting the Restricted Stock Stock, the Grantee Recipient expressly acknowledges and agrees that his or her rights, and those of any permitted transfereetransferee of the Restricted Stock, of under this Agreement, with respect to the Restricted Stock or of any Stock received following the vesting of the Restricted Stock or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 11 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 14 15 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Surgery Partners, Inc.)

Forfeiture; Recovery of Compensation. By accepting the Restricted Stock the Grantee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, of the Restricted Stock or of any Stock received following the vesting of the Restricted Stock or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 11 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 14 11 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Michaels Companies, Inc.)

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Forfeiture; Recovery of Compensation. By accepting the Restricted Stock the Grantee expressly acknowledges and agrees that his or her rightsrights under the Restricted Stock, and those of any permitted transferee, transferee of the Restricted Stock or of any Stock received following the vesting of the Restricted Stock or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 11 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 14 13 of this Agreement.. -4-

Appears in 1 contract

Samples: Restricted Stock Agreement (Bright Horizons Family Solutions Inc.)

Forfeiture; Recovery of Compensation. By accepting the Restricted Stock Stock, the Grantee expressly acknowledges and agrees that his or her rightsrights under the Restricted Stock, and those of any permitted transferee, transferee of the Restricted Stock or of any Stock received following the vesting of the Restricted Stock or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision) and Section 11 of this Agreement). Nothing in the preceding sentence shall be construed as limiting the general application of Section 14 13 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Bright Horizons Family Solutions Inc.)

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