Common use of Recoupment and Forfeiture Clause in Contracts

Recoupment and Forfeiture. As a condition to receiving the Award, the Participant agrees that he or she shall abide by (a) the Company’s Xxxx-Xxxxx Act Compensation Recoupment (Clawback) Policy, (b) the Company’s Supplemental Compensation Recoupment (Clawback) Policy, (c) the Company’s Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements), and/or (d) other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture, or other similar provisions as may apply under Applicable Law.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Regional Management Corp.), Restricted Stock Unit Award Agreement (Regional Management Corp.), Restricted Stock Award Agreement (Regional Management Corp.)

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Recoupment and Forfeiture. As a condition to receiving the Award, the Participant agrees that he or she shall abide by (a) the Company’s Xxxx-Xxxxx Act Compensation Recoupment (Clawback) Policy, (b) the Company’s Supplemental Compensation Recoupment (Clawback) Policy, (c) the Company’s Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements), ) and/or (d) other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture, or other similar provisions as may apply under Applicable Law.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Regional Management Corp.), Stock Award Agreement (Regional Management Corp.)

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