Common use of Forfeiture; Recovery of Compensation Clause in Contracts

Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the RSUs, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the RSUs, including the right to any Shares acquired in respect of the RSUs 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 8 contracts

Samples: Restricted Stock Unit Agreement (Olaplex Holdings, Inc.), Restricted Stock Unit Agreement (MiNK Therapeutics, Inc.), Restricted Share Unit Agreement (LianBio)

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Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the RSUs, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the RSUs, including the right to any Shares acquired in respect of the RSUs 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 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 3 contracts

Samples: Restricted Stock Unit Agreement (Hillman Solutions Corp.), Restricted Stock Unit Agreement (Hillman Solutions Corp.), Restricted Stock Unit Agreement (Hillman Solutions Corp.)

Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the RSUs, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the RSUs, including the right to any Shares acquired in respect of the RSUs 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 9 of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Duckhorn Portfolio, Inc.), Restricted Stock Unit Agreement (Verastem, Inc.), Restricted Stock Unit Agreement (Verastem, Inc.)

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Forfeiture; Recovery of Compensation. By accepting, or being deemed to have accepted, the RSUs, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, with respect to the RSUs, including the right to any Shares acquired in respect of the RSUs and any amounts received in respect thereof, are subject to 115108384_3 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 1 contract

Samples: Restricted Share Unit Agreement (LianBio)

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