Repayment of Financial Gain. (a) If you fail to comply with Section 8 of this Award Agreement, the Company may cancel any unexercised portion of this Option and recover from you the gross amount, before deduction of applicable taxes or other amounts, of any gain realized on the exercise of stock options pursuant to this Option during the 24-month period preceding your breach of any covenant in Section 8 of this Award Agreement.
Appears in 5 contracts
Samples: Non Qualified Stock Option Award Agreement (Paychex Inc), Incentive Plan (Paychex Inc), Non Qualified Stock Option Award Agreement (Paychex Inc)
Repayment of Financial Gain. (a) If i)If you fail to comply with Section 8 6 of this Award Agreement, the Company may cancel this Award and any unexercised portion of this Option Shares, and recover from you you: (i) the gross amount, before deduction of applicable taxes or other amounts, of any gain realized on the exercise of stock options pursuant to this Option the Option, and (ii) the total number or Vesting Date value of the number of vested Restricted Stock Shares, in each case during the twenty-four (24-) month period preceding your breach of any covenant in Section 8 6 of this Award Agreement.
Appears in 1 contract
Samples: Non Qualified Stock Option and Restricted Stock Award Agreement (Paychex Inc)