Recovery of Payout. The Company reserves the right to recover a Restricted Stock Award payout pursuant to this Section 7 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions.
Appears in 14 contracts
Samples: Restricted Stock Award Agreement (Virginia Electric & Power Co), Restricted Stock Award Agreement (Virginia Electric & Power Co), Restricted Stock Award Agreement (Virginia Electric & Power Co)
Recovery of Payout. The Company reserves the right to recover a Restricted Goal-Based Stock Award payout pursuant to this Section 7 8 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions.
Appears in 6 contracts
Samples: Goal Based Stock Award Agreement (Virginia Electric & Power Co), Goal Based Stock Award Agreement (Virginia Electric & Power Co), Goal Based Stock Award Agreement (Virginia Electric & Power Co)
Recovery of Payout. The Company reserves the right to recover a Restricted Stock Award payout pursuant to this Section 7 Paragraph 6 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions.
Appears in 3 contracts
Samples: Restricted Stock Award Agreement (Dominion Resources Inc /Va/), Restricted Stock Award Agreement (Dominion Resources Inc /Va/), Restricted Stock Award Agreement (Dominion Resources Inc /Va/)
Recovery of Payout. The Company reserves the right to recover a Restricted Stock Award payout pursuant to this Section Paragraph 7 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Dominion Resources Inc /Va/), Restricted Stock Award Agreement (Dominion Resources Inc /Va/)
