Common use of Repayment Requirement Clause in Contracts

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] [Section 7 is only applicable to buy-out awards.]

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri), Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)

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Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] [Section 7 is only applicable to buy-out awards.]

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] . [Section 7 is only applicable to For buy-out awards.awards only]

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 twelve (12) months of the date the Participant commences employment with the Company, any unvested RSUs portion of the Award shall be forfeited in their its entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares portion of the Award that the Participant received pursuant to this Award Agreement.] . [Section 7 is only applicable to For buy-out awards.awards only]

Appears in 1 contract

Samples: Citizens Financial Group Inc/Ri

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] [Section 7 is only applicable to buy-out awards.]Agreement.]1

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Citizens Financial Group Inc/Ri)

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] . [Section 7 is only applicable Only applies to buy-out awards.]

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs portion of the Award shall be forfeited in their its entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares portion of the Award that the Participant received pursuant to this Award Agreement.] . [Section 7 is only applicable to For buy-out awards.awards only]

Appears in 1 contract

Samples: Citizens Financial Group Inc/Ri

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Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] [Note: Section 7 is only applicable to buy-out awards.]

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Citizens Financial Group Inc/Ri)

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 twelve (12) months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] . [Section 7 is only applicable to For buy-out awards.awards only]

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)

Repayment Requirement. If the Participant’s employment is terminated (or notice to terminate is given by the Participant or the Company) for any reason other than death, Disability, Retirement, or termination by the Company without Cause within 12 months of the date the Participant commences employment with the Company, any unvested RSUs shall be forfeited in their entirety on the Participant’s termination date without any payment to the Participant and the Participant shall be required to repay the Company within 14 days of the Participant’s termination date the net value (following any applicable tax and other statutory deductions) of any Shares that the Participant received pursuant to this Award Agreement.] ]. [Section 7 is only applicable to buy-out awards.]

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)

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