We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Recovery of Erroneously Awarded Compensation Clause in Contracts

Recovery of Erroneously Awarded Compensation. If the Participant is now or is hereafter subject to the Executive Clawback Policy adopted by the Company’s Board of Directors, or any committee thereof, or any similar policy providing for the recovery of Awards, Shares, proceeds, or payments to Participant in the event of fraud or other circumstances, then this Award, and any Shares or other payments resulting from settlement of the Restricted Stock Units or proceeds therefrom, are subject to potential recovery by the Company or the Participant’s employer (the “Employer”) under the circumstances set out in the Executive Clawback Policy or such other similar policy as in effect from time to time.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement, Performance Share Unit Agreement, Performance Share Unit Agreement (Logitech International Sa)

Recovery of Erroneously Awarded Compensation. If the Participant is now or is hereafter subject to the Executive Clawback Policy adopted by the Company’s Board of Directors, or any committee thereof, or any similar policy providing for the recovery of Awards, Shares, proceeds, or payments to Participant in the event of fraud or other circumstances, then this Award, and any Shares or other payments proceeds therefrom resulting from settlement of the Restricted Stock Units or proceeds therefromUnits, are subject to potential recovery by the Company or the Participant’s employer (the “Employer”) under the circumstances set out in the Executive Clawback Policy or such other similar policy as in effect from time to time.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement, Performance Restricted Stock Unit Agreement, Restricted Stock Unit Agreement (Logitech International Sa)

Recovery of Erroneously Awarded Compensation. If the Participant is now or is hereafter subject to the Executive Clawback Policy adopted by the Company’s Board of Directors, or any committee thereof, or any similar policy providing for the recovery of Awards, Shares, proceeds, or payments to Participant in the event of fraud or other circumstances, then this Award, and any Shares or other payments proceeds therefrom resulting from settlement of the Restricted Stock Units or proceeds therefromUnits, are subject to potential recovery by the Company or the Participant’s employer (the “Employer”) Employer under the circumstances set out in the Executive Clawback Policy or such other similar policy as in effect from time to time.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Agreement, Performance Restricted Stock Unit Agreement (Logitech International Sa)

Recovery of Erroneously Awarded Compensation. If the Participant is now or is hereafter subject to the Executive Clawback Policy adopted by the Company’s Board of Directors, or any committee thereof, or any similar policy providing for the recovery of Awards, Shares, proceeds, or payments to Participant in the event of fraud or other circumstances, then this Award, and any Shares or other payments proceeds therefrom resulting from settlement exercise of the Restricted Stock Units or proceeds therefromOptions, are subject to potential recovery by the Company or the Participant’s employer (the “Employer”) under the circumstances set out in the Executive Clawback Policy or such other similar policy as in effect from time to time.

Appears in 2 contracts

Samples: Stock Option Agreement, Stock Option Agreement (Logitech International Sa)

Recovery of Erroneously Awarded Compensation. If the Participant is now or is hereafter subject to the Executive Clawback Policy adopted by the Company’s Board of Directors, or any committee thereof, or any similar policy providing for the recovery of Awards, Shares, proceeds, or payments to Participant in the event of fraud or other circumstances, then this Award, Option and any Shares or other payments resulting from settlement exercise of the Restricted Stock Units this Option or proceeds therefrom, are subject to potential recovery by the Company or the Participant’s employer (the “Employer”) under the circumstances set out in the Executive Clawback Policy or such other similar policy as in effect from time to time.

Appears in 1 contract

Samples: Stock Option Agreement (Logitech International Sa)