Common use of Fraudulent or dishonest actions and Default Event Clause in Contracts

Fraudulent or dishonest actions and Default Event. (a) In addition to the Forfeiture Conditions (if any), where, in the reasonable opinion of the Board: (i) a Participant: (A) acts fraudulently or dishonestly; or (B) wilfully breaches his or her duties or obligations to the Group or any member of the Group; or (C) commits any act of gross misconduct in relation to the affairs of the Group or any member of the Group; (D) commits any act of harassment or discrimination; (E) does any act which has brought, or may bring, the Group or any member of the Group into disrepute; or (F) does any act in connection with, or is otherwise involved in, a material misstatement or omission in the financial statements of the Company, whether or not the Participant is charged with any offence; or (ii) a Default Event occurs in respect of a Participant, the Board may deem in its discretion that any or all Options (whether vested or unvested) held by the Participant to automatically lapse and be cancelled by the Company. (b) If the Board notifies a Participant of its decision to exercise its rights under this clause 11.3(a): (i) the Participant must comply with any such decision by the Board; and (ii) the Participant agrees to do or cause to be done all things necessary or reasonably desirable to give full effect to this clause 11.3 and the transactions contemplated by it (including, but not limited to, the execution of documents).

Fraudulent or dishonest actions and Default Event. ‌ (a) In addition to the Forfeiture Conditions (if any), where, in the reasonable opinion of the Board:Board:‌ (i) a Participant: (A) acts fraudulently or dishonestly; or (B) wilfully breaches his or her duties or obligations to the Group or any member of the Group; or (C) commits any act of gross misconduct in relation to the affairs of the Group or any member of the Group; (D) commits any act of harassment or discrimination; (E) does any act which has brought, or may bring, the Group or any member of the Group into disrepute; or (F) does any act in connection with, or is otherwise involved in, a material misstatement or omission in the financial statements of the Company, whether or not the Participant is charged with any offence; or (ii) a Default Event occurs in respect of a Participant, the Board may deem in its discretion that any or all Options (whether vested or unvested) held by the Participant to automatically lapse and be cancelled by the Company. (b) If the Board notifies a Participant of its decision to exercise its rights under this clause 11.3(a10.3(a): (i) the Participant must comply with any such decision by the Board; and (ii) the Participant agrees to do or cause to be done all things necessary or reasonably desirable to give full effect to this clause 11.3 10.3 and the transactions contemplated by it (including, but not limited to, the execution of documents).

Fraudulent or dishonest actions and Default Event. (a) In addition to the Forfeiture Conditions (if any), where, in the reasonable opinion of the Board: (i) a Participant: (A) acts fraudulently or dishonestly; or (B) wilfully breaches his or her duties or obligations to the Group or any member of the Group; or (C) commits any act of gross misconduct in relation to the affairs of the Group or any member of the Group; (D) commits any act of harassment or discrimination; (E) does any act which has brought, or may bring, the Group or any member of the Group into disrepute; or (F) does any act in connection with, or is otherwise involved in, a material misstatement or omission in the financial statements of the Company, whether or not the Participant is charged with any offence; or (ii) a Default Event occurs in respect of a Participant, the Board may deem in its discretion that any or all Options (whether vested or unvested) held by the Participant to automatically lapse and be cancelled by the Company. (b) If the Board notifies a Participant of its decision to exercise its rights under this clause 11.3(a10.3(a): (i) the Participant must comply with any such decision by the Board; and (ii) the Participant agrees to do or cause to be done all things necessary or reasonably desirable to give full effect to this clause 11.3 10.3 and the transactions contemplated by it (including, but not limited to, the execution of documents).