Common use of Recovery Policy Clause in Contracts

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the Optionee, the Optionee acknowledges and agrees that the Optionee’s Option, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “Recovery Policy”) as in effect on the Award Date (and to the extent applicable to the Optionee, a copy of which has been made available to the Optionee) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the Option, to the extent applicable, the Optionee expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the Optionee) or applicable law without further consent or action being required by the Optionee. For purposes of the foregoing and as a condition to the grant of the Option, the Optionee expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s behalf, to any TPA to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that any cash payment received by the Optionee’s Option, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares Recipient under this Award may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “"Recovery Policy”") as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the Optionthis Award, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the Optionthis Award, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s Recipient's behalf, to any TPA third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that the OptioneeRecipient’s OptionRSUs, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “"Recovery Policy”") as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the OptionRSUs, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the OptionRSUs, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s Recipient's behalf, to any TPA to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that the OptioneeRecipient’s OptionRSUs, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “"Recovery Policy”") as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the OptionRSUs, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the OptionRSUs, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s Recipient's behalf, to any TPA third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that the Optionee’s OptionRecipient's RSUs, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “"Recovery Policy”") as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the OptionRSUs, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s 's application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the OptionRSUs, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s Recipient's behalf, to any TPA third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that the OptioneeRecipient’s OptionRSUs, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “Recovery Policy”) as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the OptionRSUs, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the OptionRSUs, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the OptioneeRecipient’s behalf, to any TPA to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that any cash payment received by the Optionee’s Option, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares Recipient under this Award may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “"Recovery Policy”") as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the Optionthis Award, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s 's application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the Optionthis Award, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s Recipient's behalf, to any TPA third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the Optionee, the Optionee acknowledges and agrees that the Optionee’s Option, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “Recovery Policy”) as in effect on the Award Date (and to the extent applicable to the Optionee, a copy of which has been made available to the Optionee) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the Option, to the extent applicable, the Optionee expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the Optionee) or applicable law without further consent or action being required by the Optionee. For purposes of the foregoing and as a condition to the grant of the Option, the Optionee expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s behalf, to any TPA to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that any cash payment received by the Optionee’s Option, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares Recipient under this Award may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “"Recovery Policy”") as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the Optionthis Award, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s 's application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take COMPANY CONFIDENTIAL such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the Optionthis Award, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the Optionee’s Recipient's behalf, to any TPA third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that the OptioneeRecipient’s OptionRSUs, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “Recovery Policy”) as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the OptionRSUs, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the OptionRSUs, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the OptioneeRecipient’s behalf, to any TPA third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.

Recovery Policy. Notwithstanding any other provision of this Agreement to the contrary and to the extent applicable to the OptioneeRecipient, the Optionee Recipient acknowledges and agrees that any cash payment received by the Optionee’s Option, any shares of Common Stock acquired pursuant thereto and/or any amount received with respect to any sale of such shares Recipient under this Award may be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Columbia Sportswear Company Incentive Compensation Recovery Policy (the “Recovery Policy”) as in effect on the Award Date (and to the extent applicable to the OptioneeRecipient, a copy of which has been made available to the OptioneeRecipient) and as may be amended from time to time in order to comply with changes in laws, rules or regulations that are applicable to such Award and shares of Common Stock. As a condition to the grant of the Optionthis Award, to the extent applicable, the Optionee Recipient expressly agrees and consents to the Company’s application, implementation and enforcement of (a) the Recovery Policy and (b) any provision of applicable law relating to cancellation, recoupment, rescission or payback of compensation. Further, the Optionee Recipient expressly agrees that the Company may take such actions as are necessary or appropriate to effectuate the Recovery Policy (as applicable to the OptioneeRecipient) or applicable law without further consent or action being required by the OptioneeRecipient. For purposes of the foregoing and as a condition to the grant of the Optionthis Award, the Optionee Recipient expressly and explicitly authorizes the Company to issue instructions, on the OptioneeRecipient’s behalf, to any TPA third party broker/administrator engaged by the Company for purposes of administering awards granted under the Plan to re-convey, transfer or otherwise return such shares and/or other amounts to the Company. To the extent that the terms of this Agreement and the Recovery Policy conflict, the terms of the Recovery Policy shall prevail.