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 17, 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(i) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (b) that the Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit, demand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 PRSUs; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested 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

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

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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 1716, 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(i) of the preceding sentence, such claim, lawsuit, demand for arbitration, or other proceeding shall be summarily withdrawn and/or dismissed; (b) that the The Grantee will pay all costs and damages incurred by the Company in responding to or as a result of such claim, lawsuit,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 PRSUsRSUs; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested PRSUs 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

Samples: 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 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 Participant violate any aspect of this Section 1715, the Grantee 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 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 Participant will immediately forfeit all unvested PRSUsunexercised 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 PRSUs 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

Samples: 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 1714, 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 PRSUsshares of Restricted Stock; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement vested shares of vested PRSUs 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

Samples: 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 17§ 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 PRSUsshares of Restricted Stock; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement vested shares of vested PRSUs 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

Samples: 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 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 Grantee violate any aspect of this Section 1714, 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 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 Grantee will immediately forfeit all unvested PRSUsPSUs; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested PRSUs 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 1 contract

Samples: 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 (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 violate any aspect of this Section 1715, 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 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 Grantee will immediately forfeit all unvested PRSUsPSUs; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested PRSUs 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

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

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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 17§ 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 PRSUsRSUs; and (d) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested PRSUs 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

Samples: Service Based Restricted Stock Unit 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 Grantee violate any aspect of this Section 1714, 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 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 Grantee will immediately forfeit all unvested PRSUsRSUs; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement of vested PRSUs 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

Samples: 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 Grantee violate any aspect of this Section 1713, 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 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 Grantee will immediately forfeit all unvested PRSUsshares of Restricted Stock; and (div) that the Grantee will immediately sell to the Company all Shares received upon settlement vested shares of vested PRSUs 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

Samples: Restricted Stock Award Agreement (Wingstop Inc.)

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