Restrictive Covenant Breach Sample Clauses

Restrictive Covenant Breach. By accepting the Restricted Stock Units and Dividend Equivalent Rights, the Grantee acknowledges and agrees that he or she continues to be bound by the restrictive covenants contained in Section 10 of the ▇▇▇▇▇▇▇ Group Inc. (f/k/a Era Group Inc.) Senior Executive Severance Plan adopted June 24, 2015 (the “Senior Executive Severance Plan”). The Company may cancel, rescind, suspend, withhold or otherwise limit or restrict all Restricted Stock Units and Dividend Equivalent Rights under this Agreement at any time that the Grantee is not in compliance with Section 10.2 [Solicitation of Employees and Customers] or Section 10.3 [Non-Competition] of the Senior Executive Severance Plan (the “Restrictive Covenants”). If the Grantee chooses to violate the Restrictive Covenants, the Company shall be entitled to cancel all outstanding Restricted Stock Units and Dividend Equivalent Rights under this Agreement and receive from the Grantee all shares of Common Stock previously issued and all cash dividends previously paid to the Grantee under this Agreement, and if the Grantee has sold, transferred or otherwise disposed of such Common Stock, the Grantee shall immediately pay to the Company the Fair Market Value of such Common Stock on the date(s) such Common Stock was issued, without regard to any taxes that may have been deducted from such amount. To the extent that the Company is required to seek enforcement of the provisions of this Paragraph 7, the Company shall be entitled to an award of attorney fees should it prevail in any such action.

Restrictive Covenant Breach. The Call Right shall expire on the earlier of (i) an Initial Public Offering or (ii) a Change of Control.

Restrictive Covenant Breach. The Company may cancel, rescind, suspend, withhold or otherwise limit or restrict all grants of Restricted Stock under this Agreement at any time that the Grantee is not in compliance with subdivisions b and/or c of Paragraph 7 above. If the Grantee chooses to violate subdivisions b and/or c of Paragraph 7 above, the Company shall be entitled to receive from Grantee all vested Restricted Stock previously issued to the Grantee under this Agreement, and if Grantee has sold, transferred or otherwise disposed of the vested Restricted Stock, the Grantee shall immediately pay to the Company the Fair Market Value of such Common Stock on the date(s) such Restricted Stock vested, without regard to any taxes that may have been deducted from such amount. To the extent that the Company is required to seek enforcement of the provisions of Paragraph 7(b) and / or 7(c) above, the Company shall be entitled to an award of attorney fees should it prevail in any such action

Restrictive Covenant Breach. If Employee breaches any of the terms of the restrictive covenants in Sections I., II. or IV. of this Agreement, (1) the terms of those Sections will be extended by the period of the breaches, and (2) any and all Awards granted under a Performance Share Agreement that are not yet vested shall be immediately and irrevocably forfeited. This section does not constitute Fifth Third’s exclusive remedy for any violation of your restrictive covenant obligations, and Fifth Third may seek additional legal or equitable remedies, including injunctive relief, for any such violation or breach.

Restrictive Covenant Breach. By accepting the Restricted Stock Units and Dividend Equivalent Rights, the Participant acknowledges and agrees that he or she continues to be bound by the restrictive covenants contained in the Participation Agreement between Legacy ▇▇▇▇▇▇▇ and the Participant entered into in connection with the Participant’s designation as a participant under Legacy ▇▇▇▇▇▇▇’▇ Amended and Restated 2019 Management Severance Benefits Plan for U.S. Employees effective as of October 31, 2019 (the “Legacy ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Plan Participation Agreement”). The Company may cancel, rescind, suspend, withhold or otherwise limit or restrict all Restricted Stock Units and Dividend Equivalent Rights under this Agreement at any time that the Participant is not in compliance with Section 5(e) [Non-Solicitation/Non-Hire of Company Group Employees and Other Service Providers] or Section 5(f) [Non-Competition] of the Legacy ▇▇▇▇▇▇▇ Severance Plan Participation Agreement (the “Restrictive Covenants”). If the Participant chooses to violate the Restrictive Covenants, the Company shall be entitled to cancel all outstanding Restricted Stock Units and Dividend Equivalent Rights under this Agreement and receive from the Participant all shares of Common Stock previously issued and all cash dividends previously paid to the Participant under this Agreement, and if the Participant has sold, transferred or otherwise disposed of such Common Stock, the Participant shall immediately pay to the Company the Fair Market Value of such Common Stock on the date(s) such Common Stock was issued, without regard to any taxes that may have been deducted from such amount. To the extent that the Company is required to seek enforcement of the provisions of this Paragraph 7, the Company shall be entitled to an award of attorney fees should it prevail in any such action.