Common use of Repayment Obligation Clause in Contracts

Repayment Obligation. In the event that (1) the Company issues a restatement of financial results to correct a material error and (2) the Committee determines, in good faith, that the Grantee’s fraud or willful misconduct was a significant contributing factor to the need to issue such restatement and (3) some or all of the Performance Shares that were granted and/or vested prior to such restatement would not have been granted and/or vested, as applicable, based upon the restated financial results, the Grantee shall immediately return to the Company the Performance Shares or any Shares or the pre-tax income derived from any disposition of the Shares previously received in settlement of the Performance Shares that would not have been granted and/or vested based upon the restated financial results (the “Repayment Obligation”). The Company shall be able to enforce the Repayment Obligation by all legal means available, including, without limitation, by withholding such amount from other sums owed by the Company to the Grantee.

Repayment Obligation. In the event that (1) the Company issues a restatement of financial results to correct a material error and (2) the Committee determines, in good faith, that the Grantee’s fraud or willful misconduct was a significant contributing factor to the need to issue such restatement and (3) some or all of the Performance Shares Units that were granted and/or vested prior to such restatement would not have been granted and/or vested, as applicable, based upon the restated financial results, the Grantee shall immediately return to the Company the Performance Shares any Units or any Shares or the pre-tax income derived from any disposition of the any Shares previously received in settlement of the Performance Shares Units that would not have been granted and/or vested based upon the restated financial results (the “Repayment Obligation”). The Company shall be able to enforce the Repayment Obligation by all legal means available, including, without limitation, by withholding such amount from other sums owed by the Company to the Grantee.

Repayment Obligation. In the event that (1i) the Company issues a restatement of financial results to correct a material error and (2ii) the Committee determines, in good faith, that the GranteeXxxxxxx’s fraud or willful misconduct was a significant contributing factor to the need to issue such restatement and (3iii) some or all of the Performance Shares that were granted and/or vested earned prior to such restatement would not have been granted and/or vestedearned, as applicable, based upon the restated financial results, the Grantee shall immediately return to the Company the Performance Shares or any Shares or the pre-tax income derived from any disposition of the Shares previously received in settlement of the Performance Shares that would not have been granted and/or vested earned based upon the restated financial results (the “Repayment Obligation”). The Company shall be able to enforce the Repayment Obligation by all legal means available, including, without limitation, by withholding such amount from other sums owed by the Company to the Grantee.

Repayment Obligation. In the event that (1i) the Company issues a restatement of financial results to correct a material error and (2ii) the Committee determines, in good faith, that the GranteeXxxxxxx’s fraud or willful misconduct was a significant contributing factor to the need to issue such restatement and (3iii) some or all of the Performance Shares Units that were granted and/or vested earned prior to such restatement would not have been granted and/or vestedearned, as applicable, based upon the restated financial results, the Grantee shall immediately return to the Company the Performance Shares any Units or any Shares or the pre-tax income derived from any disposition of the any Shares previously received in settlement of the Performance Shares Units that would not have been granted and/or vested earned based upon the restated financial results (the “Repayment Obligation”). The Company shall be able to enforce the Repayment Obligation by all legal means available, including, without limitation, by withholding such amount from other sums owed by the Company to the Grantee.