Other Laws. The Committee may refuse to issue or transfer any Common Units or other consideration under this Award Agreement if, in its sole discretion, it determines that the issuance or transfer of such Common Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which the Common Units are then traded, or entitle CEP or an Affiliate to recover the same under Section 16(b) of the Securities Exchange Act of 1934, as amended, and any payment tendered to CEP by Executive, other holder or beneficiary shall be promptly refunded to the relevant Executive, holder or beneficiary.
Appears in 13 contracts
Sources: Inducement Award Agreement, Inducement Award Agreement (Constellation Energy Partners LLC), Inducement Award Agreement (Constellation Energy Partners LLC)
Other Laws. The Committee may refuse to issue or transfer any Common Units or other consideration under this an Award Agreement if, in its sole discretion, it determines that the issuance or transfer of such Common Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which the Common Units are then traded, or entitle CEP the Partnership or an Affiliate to recover the same under Section 16(b) of the Securities Exchange Act of 1934, as amendedAct, and any payment tendered to CEP the Company by Executivea Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant ExecutiveParticipant, holder or beneficiary.
Appears in 5 contracts
Sources: Retention Agreement (MPLX Lp), Retention Agreement (Marathon Petroleum Corp), Retention Agreement (MPLX Lp)
Other Laws. The Committee may refuse to issue or transfer any Common Units or other consideration under this an Award Agreement if, in its sole discretion, it determines that the issuance or transfer of such Common Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which the Common Units are then traded, or entitle CEP the Company or an Affiliate to recover the same under Section 16(b) of the Securities Exchange Act of 1934, as amendedAct, and any payment tendered to CEP the Company by Executivea Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant ExecutiveParticipant, holder or beneficiary.
Appears in 2 contracts
Sources: Option Agreement (Linn Energy, LLC), Option Agreement (Linn Energy, LLC)