Example ContractsClausesClawback of Gains on Termination for Justifiable Cause
Clawback of Gains on Termination for Justifiable Cause
Clawback of Gains on Termination for Justifiable Cause contract clause examples

Clawback of Gains on Termination for Justifiable Cause. In the event that a Participant has a Termination of Employment, and such Termination of Employment was by the Company for Justifiable Cause, then in addition to any other remedy that may be available to the Company in law or in equity, and/or pursuant to the provisions of the Participant’s employment agreement, if any, the Participant also shall be required to pay to the Company, immediately upon written demand by the Committee or the Board, any Gains resulting from the grant, vesting, exercise or payment of any Award in the previous twelve months.

Clawback of Gains on Termination for Justifiable Cause. In the event that a Participant has a Termination of Employment, and such Termination of Employment was by the Company for Justifiable Cause, then in addition to any other remedy that may be available to the Company in law or in equity, and/or pursuant to the provisions of the Participant’s employment agreement, if any, the Participant also shall be required to pay to the Company, immediately upon written demand by the Committee or the Board, any Gains resulting from the grant, vesting, exercise or payment of any Award in the previous twelve months.

Clawback of Gains on Termination for Justifiable Cause. In the event that a Participant has a Termination of Employment, and such Termination of Employment was by the Company for Justifiable Cause, then in addition to any other remedy that may be available to the Company in law or in equity, and/or pursuant to the provisions of the Participant’s

Clawback of Certain Compensation and Benefits. If, after the termination of the Term of Employment for any reason other than by the Company forjustifiable cause”:

Termination for Cause. Should the Participant’s Service be terminated for Cause or should the Participant engage in Cause while the Option is outstanding, then the Option (whether or not vested) shall terminate immediately and cease to be outstanding. In the event the Participant’s Service is suspended pending an investigation of whether the Participant’s Service will be terminated for Cause, all of the Participant’s rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period.

Termination for Cause. The Company may terminate Executive’s employment for Cause, as defined below.

Termination for Cause. If the Executive's employment is terminated by the Employer in circumstances where there is Cause, the Executive shall not be entitled to notice of termination or pay in lieu of notice. Where the Executive’s employment is terminated for Cause, the Executive will cease to be eligible for any amounts of Base Salary or Bonus Amount or benefits effective the date of termination. If there is a dispute as to whether the Executive's employment is terminated by the Employer in circumstances where an act or omission of the Executive exists that would constitute Cause, and if it is determined by a court of competent jurisdiction that such circumstances did not exist, the Executive will be entitled to damages in the amount of compensation the Executive would have received had the Employer terminated the Executive not for Cause in accordance with Section 5(c) above, plus all reasonable legal fees incurred by the Executive.

Termination for Cause. If Executive is terminated for Cause, then Executive shall not be entitled to receive severance or other benefits.

Termination for Cause. If the Participant's Continuous Service is terminated for Cause, the Options (whether vested or unvested) shall immediately terminate and cease to be exercisable.

Termination for Cause. In the event of termination of the Participant’s Continuous Service Status for Cause, the Option (whether vested or unvested) shall immediately terminate and cease to be exercisable. If the Participant’s Continuous Service Status is suspended pending an investigation of whether the Participant’s Continuous Service Status will be terminated for Cause, all the Participant’s rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period.

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