Common use of No Challenge Clause in Contracts

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she will not (i) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (ii) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The Grantee violate any aspect of this Section 16, The Grantee agrees (a) that, in the case of a breach of clause (i) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (b) that The Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (c) that The Grantee will immediately forfeit all unvested RSUs; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested RSUs at a price equal to the aggregate purchase price, if any, paid by the Grantee for such Shares, or the current fair market value of such Shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 2 contracts

Sources: Service Based Restricted Stock Unit Award Agreement (Wingstop Inc.), Service Based Restricted Stock Unit Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she will not (i) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (ii) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The the Grantee violate any aspect of this Section 1617, The the Grantee agrees (a) that, in the case of a breach of clause (i) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (b) that The the Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (c) that The the Grantee will immediately forfeit all unvested RSUsPRSUs; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested RSUs PRSUs at a price equal to the aggregate purchase price, if any, paid by the Grantee for such Shares, or the current fair market value of such Shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 2 contracts

Sources: Performance Based Restricted Stock Unit Award Agreement (Wingstop Inc.), Performance Based Restricted Stock Unit Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she the Grantee will not (ia) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (iib) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The the Grantee violate any aspect of this Section 1614, The the Grantee agrees (ai) that, in the case of a breach of clause (ia) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bii) that The the Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (ciii) that The the Grantee will immediately forfeit all unvested RSUsPSUs; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested RSUs Vested PSUs at a price equal to the aggregate purchase price, if any, paid by the Grantee for such Shares, or the current fair market value of such Shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 2 contracts

Sources: Performance Based Restricted Stock Unit Award Agreement (Wingstop Inc.), Performance Based Restricted Stock Unit Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she the Grantee will not (ia) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (iib) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The the Grantee violate any aspect of this Section 1614, The the Grantee agrees (ai) that, in the case of a breach of clause (ia) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bii) that The the Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (ciii) that The the Grantee will immediately forfeit all unvested RSUs; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested RSUs at a price equal to the aggregate purchase price, if any, paid by the Grantee for such Shares, or the current fair market value of such Shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 2 contracts

Sources: Service Based Restricted Stock Unit Award Agreement (Wingstop Inc.), Service Based Restricted Stock Unit Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she the Grantee will not (ia) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (iib) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The the Grantee violate any aspect of this Section 1613, The the Grantee agrees (ai) that, in the case of a breach of clause (ia) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bii) that The the Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (ciii) that The the Grantee will immediately forfeit all unvested RSUsshares of Restricted Stock; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement vested shares of vested RSUs Restricted Stock at a price equal to the aggregate purchase price, if any, paid by fair market value of such shares on the Grantee for such SharesGrant Date, or the current fair market value of such Shares shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she will not (i) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (ii) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The Grantee violate any aspect of this Section § 16, The Grantee agrees (aA) that, in the case of a breach of clause (i) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bB) that The Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (cC) that The Grantee will immediately forfeit all unvested RSUs; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested RSUs at a price equal to the aggregate purchase price, if any, paid by the Grantee for such Shares, or the current fair market value of such Shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 1 contract

Sources: Service Based Restricted Stock Unit Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee Participant covenants and agrees that he or she will not (ia) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (iib) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The Grantee the Participant violate any aspect of this Section 1615, The Grantee the Participant agrees (ai) that, in the case of a breach of clause (ia) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bii) that The Grantee the Participant will pay all costs and damages incurred by the Company and its Affiliates in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (ciii) that The Grantee the Participant will immediately forfeit all unvested RSUsunexercised Options, whether vested or unvested; and (div) that the Grantee Participant will immediately sell to the Company all Shares received upon settlement acquired pursuant to the exercise of vested RSUs this Option at a price equal to the aggregate purchase price, if any, Option Price paid by the Grantee for such Shares, or the current fair market value of such Shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 1 contract

Sources: Stock Option Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she will not (i) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (ii) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The Grantee violate any aspect of this Section 16§ 14, The Grantee agrees (aA) that, in the case of a breach of clause (i) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bB) that The Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (cC) that The Grantee will immediately forfeit all unvested RSUsshares of Restricted Stock; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement vested shares of vested RSUs Restricted Stock at a price equal to the aggregate purchase price, if any, paid by fair market value of such shares on the Grantee for such SharesGrant Date, or the current fair market value of such Shares shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she will not (ia) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (iib) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The the Grantee violate any aspect of this Section 1615, The the Grantee agrees (ai) that, in the case of a breach of clause (ia) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bii) that The the Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (ciii) that The the Grantee will immediately forfeit all unvested RSUsPSUs; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested RSUs PSUs at a price equal to the aggregate purchase price, if any, paid by the Grantee for such Shares, or the current fair market value of such Shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Award Agreement (Wingstop Inc.)

No Challenge. Notwithstanding any provision of this Award Agreement to the contrary, the Grantee covenants and agrees that he or she will not (i) file any claim, lawsuit, demand for arbitration, or other proceeding challenging the validity or enforceability of any provision of this Award Agreement, or (ii) raise, as a defense, the validity or enforceability of any provision of this Award Agreement, in any claim, lawsuit, arbitration or other proceeding. Should The the Grantee violate any aspect of this Section 1614, The the Grantee agrees (aA) that, in the case of a breach of clause (i) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (bB) that The the Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand for arbitration, or other proceeding (including reasonable attorneys’ fees and expenses), or such defense, as the case may be; (cC) that The the Grantee will immediately forfeit all unvested RSUsshares of Restricted Stock; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement vested shares of vested RSUs Restricted Stock at a price equal to the aggregate purchase price, if any, paid by fair market value of such shares on the Grantee for such SharesGrant Date, or the current fair market value of such Shares shares (as determined in the sole discretion of the Company), whichever is less.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Wingstop Inc.)