Common use of Nature of Remedies Clause in Contracts

Nature of Remedies. (a) The remedies set forth in Sections 10 and 11 above are in addition to any remedies available to the Company and its Affiliates in any non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. (b) The Company shall be entitled to place a legend on any certificate evidencing any Stock acquired upon vesting of this Award referring to the repurchase right set forth in Section 10(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company’s stock transfer agent in the event the Company believes that any event referred to in Section 10(a) has occurred or is reasonably likely to occur.

Appears in 15 contracts

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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Nature of Remedies. (a) The remedies set forth in Sections 10 12 and 11 13 above are in addition to any remedies available to the Company and its Affiliates in any non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. (b) The Company shall be entitled to place a legend on any certificate evidencing any Stock Shares acquired upon vesting of this Award referring to the repurchase right set forth in Section 10(a12(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company’s stock transfer agent in the event the Company believes that any event referred to in Section 10(a12(a) has occurred or is reasonably likely to occur.

Appears in 7 contracts

Samples: Employment Agreement (Tempur Sealy International, Inc.), 2017 Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), 2017 Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

Nature of Remedies. (a) The remedies set forth in Sections 10 11 and 11 12 above are in addition to any remedies available to the Company and its Affiliates in any non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. (b) The Company shall be entitled to place a legend on any certificate evidencing any Stock Shares acquired upon vesting of this Award referring to the repurchase right set forth in Section 10(a11(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company’s stock transfer agent in the event the Company believes that any event referred to in Section 10(a11(a) has occurred or is reasonably likely to occur.

Appears in 5 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

Nature of Remedies. (a) The remedies set forth in Sections 10 and 11 above are in addition to any remedies available to the Company and its Affiliates in any non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. (b) The Company shall be entitled to place a legend on any certificate evidencing any Stock stock acquired upon vesting exercise of this Award Option referring to the repurchase right set forth in Section 10(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company’s stock transfer agent in the event the Company believes that any event referred to in Section 10(a) has occurred or is reasonably likely to occur.

Appears in 5 contracts

Samples: Special Grant Stock Option Agreement (Tempur Sealy International, Inc.), Special Grant Stock Option Agreement (Tempur Sealy International, Inc.), Stock Option Agreement (Tempur Sealy International, Inc.)

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Nature of Remedies. (a) The remedies set forth in Sections 9 and 10 and 11 above are in addition to any remedies available to the Company and its Affiliates in any non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. (b) The Company shall be entitled to place a legend on any certificate evidencing any Stock stock acquired upon vesting exercise of this Award Option referring to the repurchase right set forth in Section 10(a9(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company’s stock transfer agent in the event the Company believes that any event referred to in Section 10(a9(a) has occurred or is reasonably likely to occur.

Appears in 3 contracts

Samples: Stock Option Agreement (Tempur Pedic International Inc), Stock Option Agreement (Tempur Pedic International Inc), Stock Option Agreement (Tempur Pedic International Inc)

Nature of Remedies. (a) The remedies set forth in Sections 10 12 and 11 13 above are in addition to any remedies available to the Company and its Affiliates in any non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. (b) The Company shall be entitled to place a legend on any certificate evidencing any Stock Shares acquired upon vesting of this Award referring to the repurchase right set forth in Section 10(a12(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company’s stock transfer agent in the event the Company believes that any event referred to in Section 10(a12(a) has occurred or is reasonably likely to occur. 15.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement

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