Common use of Section 16 Compliance Clause in Contracts

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of the Shares.

Appears in 8 contracts

Samples: 2023 Stock Incentive Plan (Borgwarner Inc), Conversion Award (Phinia Inc.), 2023 Stock Incentive Plan (Phinia Inc.)

AutoNDA by SimpleDocs

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of the SharesShares issued as payment for any earned Stock Units.

Appears in 7 contracts

Samples: Stock Incentive Plan Conversion Award (Phinia Inc.), 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.), Incentive Plan Conversion Award (Phinia Inc.)

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of the Shares issued as payment for any earned Performance Shares.

Appears in 4 contracts

Samples: 2018 Stock Incentive Plan Performance Share Award Agreement (Borgwarner Inc), 2018 Stock Incentive Plan Performance Share Award Agreement (Borgwarner Inc), 2018 Stock Incentive Plan Performance Share Award Agreement (Borgwarner Inc)

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of the SharesShares issued as payment for any earned Performance Stock Units.

Appears in 2 contracts

Samples: 2023 Stock Incentive Plan Performance Stock Units Award Agreement (Borgwarner Inc), 2023 Stock Incentive Plan Performance Stock Units Award Agreement (Borgwarner Inc)

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching profit rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of any Shares issued in settlement of the SharesPerformance Stock Units.

Appears in 2 contracts

Samples: 2023 Stock Incentive Plan Performance Stock Unit Award Agreement (Phinia Inc.), Performance Stock Unit Award Agreement (Phinia Inc.)

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of the Shares.. (g)

Appears in 1 contract

Samples: 2018 Stock Incentive Plan Restricted Stock Agreement (Borgwarner Inc)

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching profit rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of the Sharesshares of Restricted Stock covered by this Award.

Appears in 1 contract

Samples: 2023 Stock Incentive Plan (Phinia Inc.)

AutoNDA by SimpleDocs

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of the Shares.Shares issued as payment for any earned Stock Units. 4847-0319-6262.4

Appears in 1 contract

Samples: 2018 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching profit rules of, Section 16 of the Exchange Act, the Employee shall not sell or otherwise dispose of any Shares issued in settlement of the SharesStock Units.

Appears in 1 contract

Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.)

Section 16 Compliance. To the extent necessary to comply with, or to avoid disgorgement of profits under the short-swing matching rules of, Section 16 of the 4890-2527-7789.2 Exhibit 10.2 Exchange Act, the Employee shall not sell or otherwise dispose of the SharesShares issued as payment for any earned Stock Units.

Appears in 1 contract

Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Borgwarner Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.