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 10 contracts

Samples: Restricted Stock Award Agreement (Borgwarner Inc), Restricted Stock Award Agreement (Borgwarner Inc), Restricted Stock Agreement (Phinia Inc.)

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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 Unit Award Agreement (Phinia Inc.), Stock Unit Award Agreement (Phinia Inc.), 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 issued as payment for any earned Performance Shares.

Appears in 4 contracts

Samples: Performance Share Award Agreement (Borgwarner Inc), Performance Share Award Agreement (Borgwarner Inc), 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: Performance Stock Units Award Agreement (Borgwarner Inc), 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: 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 4890-2527-7789.2 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: Stock Unit Award Agreement (Borgwarner Inc)

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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: Restricted Stock Agreement (Phinia 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: 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.Shares issued as payment for any earned Stock Units. 4847-0319-6262.4

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

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