Common use of Non-Indemnification and Advancement for Recoupment Clause in Contracts

Non-Indemnification and Advancement for Recoupment. The Company shall not be obligated to indemnify or advance funds to the Executive for any payment or reimbursement by the Executive to the Company of any bonus or other incentive-based or equity-based compensation previously received by the Executive or payment of any profits realized by the Executive from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934 or under the rules of the stock exchange on which the common stock of the Company is listed (including any such payments or reimbursements under Section 304 and 306 of the Sxxxxxxx-Xxxxx Act of 2002, or pursuant to Section 954 of the Dxxx-Fxxxx Xxxx Street Reform and Consumer Protection Act and any implementing rules and regulations of the U.S. Securities and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the foregoing).

Non-Indemnification and Advancement for Recoupment. The Company shall not be obligated to indemnify or advance funds to the Executive for any payment or reimbursement by the Executive to the Company of any bonus or other incentive-based or equity-based compensation previously received by the Executive or payment of any profits realized by the Executive from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934 or under the rules of the stock exchange on which the common stock of the Company is listed (including any such payments or reimbursements under Section 304 and 306 of the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, or pursuant to Section 954 of the DxxxXxxx-Fxxxx Xxxxx Xxxx Street Reform and Consumer Protection Act and any implementing rules and regulations of the U.S. Securities and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the foregoing).

Non-Indemnification and Advancement for Recoupment. The Company shall not be obligated to indemnify or advance funds to the Executive Employee for any payment or reimbursement by the Executive Employee to the Company of any bonus or other incentive-based or equity-based compensation previously received by the Executive Employee or payment of any profits realized by the Executive Employee from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934 or under the rules of the stock exchange on which the common stock of the Company is listed (including any such payments or reimbursements under Section 304 and 306 of the Sxxxxxxx-Xxxxx Act of 2002, or pursuant to Section 954 of the Dxxx-Fxxxx Xxxx Street Reform and Consumer Protection Act and any implementing rules and regulations of the U.S. Securities and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the foregoing).

Non-Indemnification and Advancement for Recoupment. The Company shall not be obligated to indemnify or advance funds to the Executive for any payment or reimbursement by the Executive to the Company of any bonus or other incentive-based or equity-based compensation previously received by the Executive or payment of any profits realized by the Executive from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934 or under the rules of the stock exchange on which the common stock of the Company is listed (including any such payments or reimbursements under Section 304 and 306 of the Sxxxxxxx-Xxxxx Act of 2002, or pursuant to Section 954 of the Dxxx-Fxxxx Xxxx Street Reform and Consumer Protection Act and any implementing rules and regulations of the U.S. Securities and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the foregoing).

Non-Indemnification and Advancement for Recoupment. The Company shall not be obligated to indemnify or advance funds to the Executive Employee for any payment or reimbursement by the Executive Employee to the Company of any bonus or other incentive-based or equity-based compensation previously received by the Executive Employee or payment of any profits realized by the Executive Employee from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934 or under the rules of the stock exchange on which the common stock of the Company is listed (including any such payments or reimbursements under Section 304 and 306 of the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, or pursuant to Section 954 of the DxxxXxxx-Fxxxx Xxxxx Xxxx Street Reform and Consumer Protection Act and any implementing rules and regulations of the U.S. Securities and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the foregoing).

Non-Indemnification and Advancement for Recoupment. The Company shall not be obligated to indemnify or advance funds to the Executive Employee for any payment or reimbursement by the Executive Employee to the Company of any bonus or other incentive-incentive- based or equity-based compensation previously received by the Executive Employee or payment of any profits realized by the Executive Employee from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934 or under the rules of the stock exchange on which the common stock of the Company is listed (including any such payments or reimbursements under Section 304 and 306 of the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, or pursuant to Section 954 of the DxxxXxxx-Fxxxx Xxxxx Xxxx Street Reform and Consumer Protection Act and any implementing rules and regulations of the U.S. Securities and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the foregoing).

Non-Indemnification and Advancement for Recoupment. The Company shall not be obligated to indemnify or advance funds to the Executive Employee for any payment or reimbursement by the Executive Employee to the Company of any bonus or other incentive-incentive- based or equity-based compensation previously received by the Executive Employee or payment of any profits realized by the Executive Employee from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934 or under the rules of the stock exchange on which the common stock of the Company is listed (including any such payments or reimbursements under Section 304 and 306 of the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, or pursuant to Section 954 of the DxxxXxxx-Fxxxx Xxxxx Xxxx Street Reform and Consumer Protection Act and any implementing rules and regulations of the U.S. Securities and Exchange Commission and applicable listing standards of a national securities exchange adopted in accordance with any of the foregoing).. 18. Miscellaneous (a)