Post Employment Covenants. (a) Notwithstanding any other term of the Agreement or any prior agreement to the contrary, in order to be eligible to earn any portion of the Award, the Grantee must have entered into an agreement containing restrictive covenants concerning limitations of the Grantee’s behavior both during employment and following termination of employment that is satisfactory to the Company or one of its Affiliated Companies. In the event the Grantee engages in any action that violates any such restrictive covenants at any time during the term of the Agreement, the Award shall be forfeited. The Grantee further agrees that to the extent permitted by applicable law, upon demand by the Company or one of its Affiliated Companies, the Grantee will forfeit, return or repay the Benefits and Proceeds (as defined below) in the event the Grantee breaches any post-employment covenant with the Company and/or any of its Subsidiaries. (b) For purposes of this Agreement, “Benefits and Proceeds” means:
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Sysco Corp), Performance Share Unit Agreement (Sysco Corp), Performance Share Unit Agreement (Sysco Corp)
