Common use of Restrictive Covenant Breach Clause in Contracts

Restrictive Covenant Breach. If you breach any of the terms of the restrictive covenants in Sections I., II., or III. of this Grant Agreement, (1) the terms of those Sections will be extended by the period of the breach, and (2) any and all Restricted Stock Units granted under this Agreement that are not yet vested shall be immediately and irrevocably forfeited. This paragraph 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.

Appears in 6 contracts

Samples: Confidential Information and Non Solicitation Agreement (Fifth Third Bancorp), Confidential Information and Non Solicitation Agreement (Fifth Third Bancorp), Restricted Stock Unit Grant Agreement (Fifth Third Bancorp)

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