Common use of Refund of Stock Value Clause in Contracts

Refund of Stock Value. If the Employee engages in Detrimental Activity (as defined below in Section 5(c)) during the time periods set forth in each provision of Section 5(c), then, if the RSUs were settled within the period beginning on the date which is one year prior to the earlier of (i) the Employment Termination Date and (ii) the occurrence of such event, and ending on the occurrence of such event, the Employee shall immediately deliver to the Company an amount in cash equal to the (i) aggregate Fair Market Value, determined as of such Settlement Date, of all RSU Shares which were delivered to the Employee or cancelled in payment of Taxes on such Settlement Date and (ii) Dividend Equivalents paid to the Employee in respect of those RSU Shares.

Refund of Stock Value. If the Employee engages in Detrimental Activity (as defined below in Section 5(c)) during breaches any of the time periods covenants set forth in each provision of Section 5(c6(b)(i), (ii) or (iii) hereof during the Applicable Schedule: <<Sched>> Grant # <<Number>> Grant Country: <<TaxCountry>> Restrictive Period for any Settlement Date, then, if the RSUs were settled within the period beginning on the date which is one year period prior to the earlier of (i) the Employment Termination Date and (ii) the occurrence of such event, and ending on the occurrence of such event, the Employee shall immediately deliver to the Company an amount in cash equal to the (i) aggregate Fair Market Value, determined as of such Settlement Date, of all RSU Shares which were delivered to the Employee or cancelled in payment of Taxes on such Settlement Date and (ii) Dividend Equivalents paid to the Employee in respect of those the RSU Shares.