Common use of Recovery of Erroneously Awarded Compensation Clause in Contracts

Recovery of Erroneously Awarded Compensation. As an additional condition of receiving this Award, Participant agrees that the Restricted Stock Unit and any proceeds or other benefits Participant may receive hereunder shall be subject to clawback, recovery or recoupment provisions by the Company to the extent and in the manner required (i) under the terms of any clawback policy adopted by the Company, as may be amended from time to time, pursuant to the listing standards and/or the rules and regulations of any national securities exchange or association on which the Shares are listed, or (ii) to comply with any requirements imposed under Applicable Laws including, without limitation, the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act. Further, as the Committee determines necessary or appropriate, the Committee may impose a reacquisition right with respect to previously-acquired Shares or other cash or property upon the occurrence of cause (as determined by the Committee). * * * EXHIBIT B ADDENDUM TO RESTRICTED STOCK UNIT AWARD AGREEMENT Capitalized terms used but not defined herein shall have the meanings set forth in the Plan, the Notice of Grant and/or the Terms and Conditions of Restricted Stock Unit Grant.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Fortinet, Inc.)

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Recovery of Erroneously Awarded Compensation. As an additional condition of receiving this Award, Participant agrees that the Restricted Performance Stock Unit and any proceeds or other benefits Participant may receive hereunder shall be subject to clawback, recovery or recoupment provisions by the Company to the extent and in the manner required (i) under the terms of any clawback policy adopted by the Company, as may be amended from time to time, pursuant to the listing standards and/or the rules and regulations of any national securities exchange or association on which the Shares are listed, or (ii) to comply with any requirements imposed under Applicable Laws including, without limitation, the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act. Further, as the Committee determines necessary or appropriate, the Committee may impose a reacquisition right with respect to previously-acquired Shares or other cash or property upon the occurrence of cause (as determined by the Committee). * * * 407406303-v2 EXHIBIT B ADDENDUM TO RESTRICTED PERFORMANCE GOAL AND PAY-OUT MATRIX PERFORMANCE STOCK UNIT AWARD AGREEMENT Capitalized terms used but not defined herein shall have the meanings set forth in the Plan, the Notice of Grant and/or the Terms and Conditions of Restricted Stock Unit Grant.AGREEMENT

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Fortinet, Inc.)

Recovery of Erroneously Awarded Compensation. As an additional condition of receiving this Award, Participant agrees that the Restricted Stock Unit and any proceeds or other benefits Participant may receive hereunder shall be subject to clawback, recovery or recoupment provisions by the Company to the extent and in the manner required (i) under the terms of any clawback policy adopted by the Company, as may be amended from time to time, pursuant to the listing standards and/or the rules and regulations of any national securities exchange or association on which the Shares are listed, or (ii) to comply with any requirements imposed under Applicable Laws including, without limitation, the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act. Further, as the Committee determines necessary or appropriate, the Committee may impose a reacquisition right with respect to previously-acquired Shares or other cash or property upon the occurrence of cause (as determined by the Committee). * * * EXHIBIT B 170773909-v7\NA_DMS ADDENDUM TO RESTRICTED STOCK UNIT AWARD AGREEMENT AND PERFORMANCE STOCK UNIT AWARD AGREEMENT Capitalized terms used but not defined herein shall have the meanings set forth in the Plan, the Notice of Grant and/or the Terms and Conditions of Restricted Stock Unit GrantAward Agreement or Performance Stock Unit Award Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Fortinet, Inc.)

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Recovery of Erroneously Awarded Compensation. As an additional condition of receiving this Award, Participant agrees that the Restricted Stock Unit Option and any proceeds or other benefits Participant may receive hereunder shall be subject to clawback, recovery or recoupment provisions by the Company to the extent and in the manner required (i) under the terms of any clawback policy adopted by the Company, as may be amended from time to time, pursuant to the listing standards and/or the rules and regulations of any national securities exchange or association on which the Shares are listed, or (ii) to comply with any requirements imposed under Applicable Laws including, without limitation, the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act. Further, as the Committee determines necessary or appropriate, the Committee may impose a reacquisition right with respect to previously-acquired Shares or other cash or property upon the occurrence of cause (as determined by the Committee). * * * EXHIBIT B ADDENDUM TO RESTRICTED ADDITIONAL TERMS AND CONDITIONS OF STOCK UNIT AWARD AGREEMENT OPTION GRANT Capitalized terms used but not defined herein shall have the meanings set forth in the Plan, the Notice of Stock Option Grant and/or the Terms and Conditions of Restricted Stock Unit Option Grant.

Appears in 1 contract

Samples: Stock Option Award Agreement (Fortinet, Inc.)

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