Common use of Forfeiture Upon Breach of Covenant Clause in Contracts

Forfeiture Upon Breach of Covenant. The provisions of Section 3 to the contrary notwithstanding, any unissued shares issuable under this Section 4 respecting Grantee’s Performance Stock Units shall be immediately forfeited and cancelled in the event of Grantee’s breach of any covenant set forth SECTION 3, 4.1 or 4.2 of Attachment A in addition to any other remedy set forth at SECTION 7 of Attachment A.

Appears in 4 contracts

Samples: Performance Stock Unit Award Agreement (Acco Brands Corp), Performance Stock Unit Award Agreement (Acco Brands Corp), Performance Stock Unit Award Agreement (Acco Brands Corp)

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Forfeiture Upon Breach of Covenant. The provisions of Section 3 to the contrary notwithstanding, any unissued shares issuable under this Section 4 respecting Grantee’s Performance Restricted Stock Units shall be immediately forfeited and cancelled in the event of Grantee’s breach of any covenant set forth SECTION 3, 4.1 or 4.2 of Attachment A in addition to any other remedy set forth at SECTION 7 of Attachment A.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Acco Brands Corp), Restricted Stock Unit Award Agreement (Acco Brands Corp)

Forfeiture Upon Breach of Covenant. The provisions of Section 3 to the contrary notwithstanding, any unissued shares issuable under this Section 4 respecting Grantee’s Performance Stock Units shall be immediately forfeited and cancelled in the event of Grantee’s breach of any covenant set forth SECTION Section 3, 4.1 or 4.2 of Attachment A in addition to any other remedy set forth at SECTION Section 7 of Attachment A.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (ACCO BRANDS Corp)

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Forfeiture Upon Breach of Covenant. The provisions of Section 3 to the contrary notwithstanding, any unissued shares issuable under this Section 4 respecting Grantee’s Performance Restricted Stock Units shall be immediately forfeited and cancelled in the event of Grantee’s breach of any covenant set forth SECTION Section 3, 4.1 or 4.2 of Attachment A in addition to any other remedy set forth at SECTION Section 7 of Attachment A.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (ACCO BRANDS Corp)

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