Offset for Amounts Owed to the Company. Notwithstanding any provision of this Agreement to the contrary, the Company may transfer to itself or retain Shares having a value equal to any amount reasonably believed by the Company to be owed by Employee to Company. Employee shall forfeit all Shares with respect to which the Restriction Period has not lapsed if Employee is found to have willfully engaged in conduct which the Company finds to be materially and demonstrably injurious to Company, monetarily or otherwise.
Appears in 10 contracts
Samples: Plan and Agreement, Restricted Stock Grant Plan and Agreement (SITEL Worldwide Corp), Restricted Stock Grant Plan and Agreement (SITEL Worldwide Corp)
Offset for Amounts Owed to the Company. Notwithstanding any provision of this Agreement to the contrary, the Company may transfer to itself or retain Shares shares of Stock having a value equal to any amount reasonably believed by the Company to be owed by Employee to Company. Employee shall forfeit all Shares with respect to which the Restriction Period has not lapsed unvested Restricted Stock Units if Employee is found to have willfully engaged in conduct which the Company finds to be materially and demonstrably injurious to Company, monetarily or otherwise.
Appears in 1 contract
Samples: Restricted Stock Unit Plan and Agreement (Catalog Resources, Inc.)
