Example ContractsClausesDetrimental Activities
Detrimental Activities
Detrimental Activities contract clause examples

Detrimental Activities. If the Employee engages in any activity that violates any covenant or restriction contained in this [Section 7], in addition to any other remedy the Company may have at law or in equity, # the Employee will be entitled to no further payments or benefits from the Company under this Agreement or otherwise, except for any payments or benefits required to be made or provided under applicable law; # all forms of equity compensation held by or credited [[Organization A:Organization]] Employee will terminate effective as of the date on which the Employee engages in that activity, unless terminated sooner by operation of another term or condition of this Agreement or other applicable plans and agreements; and # any exercise, payment or delivery pursuant to any equity compensation award that occurred within one year prior [[Organization A:Organization]] date on which the Employee engages in that activity may be rescinded within one year after the first date that any member of the Board first became aware that the Employee engaged in that activity. In the event of any such rescission, the Employee will pay [[Organization A:Organization]] the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery (after deducting the Employee’s actual income tax liability incurred with respect to such gain or payment), in such manner and on such terms and condition as may be required. Notwithstanding any provision of this Agreement [[Organization A:Organization]] contrary, if the Employee disputes whether the Employee has violated any covenant or restriction contained in [Section 7], and such dispute has been adjudicated to a final decision pursuant to [Section 8.5] in the Employee’s favor, the Company will pay [[Organization A:Organization]] Employee all amounts withheld or clawed back pursuant to this [Section 7.11] [[Organization A:Organization]] extent ordered by a court of competent jurisdiction; provided that legal action in this respect is filed by the Employee within 60 days after being notified of the Company’s decision affecting the Employee under this [Section 7.11].

Notwithstanding any other provisions of this Agreement to the contrary, if at any time prior to the earlier of the delivery of Shares with respect to the Restricted Stock Units or, if applicable, the date on which such Shares would have been delivered but for a deferral pursuant to a deferred compensation arrangement made available by the Company, the Participant engages in Detrimental Activity, such Restricted Stock Units shall be cancelled and rescinded without any payment or consideration therefor. The determination of whether the Participant has engaged in Detrimental Activity shall be made by the Committee in its good faith discretion, and lapse of the Period of Restriction and delivery of Shares with respect to the Restricted Stock Units shall be suspended pending resolution to the Committee’s satisfaction of any investigation of the matter.

Detrimental Activity. Notwithstanding anything to the contrary contained herein, if a Participant has engaged in any Detrimental Activity, as determined by the Committee, the Committee may, in its sole discretion, provide for one or both of the following:

Detrimental Activities. If the Employee engages in any activity that violates any covenant or restriction contained in this [Section 7], in addition to any other remedy the Company may have at law or in equity, # the Employee will be entitled to no further payments or benefits from the Company under this Agreement or otherwise, except for any payments or benefits required to be made or provided under applicable law; # all forms of equity compensation held by or credited [[Organization A:Organization]] Employee will terminate effective as of the date on which the Employee engages in that activity, unless terminated sooner by operation of another term or condition of this Agreement or other applicable plans and agreements; and # any exercise, payment or delivery pursuant to any equity compensation award that occurred within one year prior [[Organization A:Organization]] date on which the Employee engages in that activity may be rescinded within one year after the first date that any member of the Board first became aware that the Employee engaged in that activity. In the event of any such rescission, the Employee will pay [[Organization A:Organization]] the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery (after deducting the Employee’s actual income tax liability incurred with respect to such gain or payment), in such manner and on such terms and condition as may be required. Notwithstanding any provision of this Agreement [[Organization A:Organization]] contrary, if the Employee disputes whether Employee has violated any covenant or restriction contained in [Section 7], and such dispute has been adjudicated to a final decision pursuant to [Section 8.5] in the Employee’s favor, the Company will pay [[Organization A:Organization]] Employee all amounts withheld or clawed back pursuant to this [Section 7.11] [[Organization A:Organization]] extent ordered by a court of competent jurisdiction; provided that legal action in this respect is filed by the Employee within 60 days after being notified of the Company’s decision affecting the Employee under this [Section 7.11].

Detrimental Activities. If the Employee engages in any activity that violates any covenant or restriction contained in this Section 7, in addition to any other remedy the Company may have at law or in equity, # the Employee will be entitled to no further payments or benefits from the Company under this Agreement or otherwise, except for any payments or benefits required to be made or provided under applicable law; # all forms of equity compensation held by or credited to the Employee will terminate effective as of the date on which the Employee engages in that activity, unless terminated sooner by operation of another term or condition of this Agreement or other applicable plans and agreements; and # any exercise, payment or delivery pursuant to any equity compensation award that occurred within one year prior to the date on which the Employee engages in that activity may be rescinded within one year after the first date that any member of the Board first became aware that the Employee engaged in that activity. In the event of any such rescission, the Employee will pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery (after deducting the Employee’s actual income tax liability incurred with respect to such gain or payment), in such manner and on such terms and condition as may be required. Notwithstanding any provision of this Agreement to the contrary, if the Employee disputes whether Employee has violated any covenant or restriction contained in Section 7, and such dispute has been adjudicated to a final decision pursuant to [Section 8.5] in the Employee’s favor, the Company will pay to the Employee all amounts withheld or clawed back pursuant to this [Section 7.11] to the extent ordered by a court of competent jurisdiction; provided that legal action in this respect is filed by the Employee within 60 days after being notified of the Company’s decision affecting the Employee under this [Section 7.11].

Detrimental Activity. Your Award, the RSUs and the shares issued upon settlement of the Award and RSUs and any associated gain shall be subject to [Section 8.2(e)] of the Plan regarding the effects of engaging in Detrimental Activity.

DETRIMENTAL ACTIVITY. Your option, the shares issued upon exercise of your option and any associated gain shall be subject to [Section 6.3(c)(ii)] of the Plan regarding the effects of engaging in Detrimental Activity.

Detrimental Activities. If the Employee engages in any activity that violates any covenant or restriction contained in this [Section 7], in addition to any other remedy the Company may have at law or in equity, # the Employee will be entitled to no further payments or benefits from the Company under this Agreement or otherwise, except for any payments or benefits required to be made or provided under applicable law; # all forms of equity compensation held by or credited [[Organization A:Organization]] Employee will terminate effective as of the date on which the Employee engages in that activity, unless terminated sooner by operation of another term or condition of this Agreement or other applicable plans and agreements; and # any exercise, payment or delivery pursuant to any equity compensation award that occurred within one year prior [[Organization A:Organization]] date on which the Employee engages in that activity may be rescinded within one year after the first date that any member of the Board first became aware that the Employee engaged in that activity. In the event of any such rescission, the Employee will pay [[Organization A:Organization]] the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery (after deducting the Employee’s actual income tax liability incurred with respect to such gain or payment), in such manner and on such terms and condition as may be required. Notwithstanding any provision of this Agreement [[Organization A:Organization]] contrary, if the Employee disputes whether she has violated any covenant or restriction contained in [Section 7], and such dispute has been adjudicated to a final decision pursuant to [Section 8.5] in the Employee’s favor, the Company will pay [[Organization A:Organization]] Employee all amounts withheld or clawed back pursuant to this [Section 7.11] [[Organization A:Organization]] extent ordered by a court of competent jurisdiction; provided that legal action in this respect is filed by the Employee within 60 days after being notified of the Company’s decision affecting the Employee under this [Section 7.11].

Detrimental Activity. Your Award and the shares issued upon settlement of the Award and any associated gain shall be subject to [Section 8.2(e)] of the Plan regarding the effects of engaging in Detrimental Activity.

Detrimental Activities. If the Employee engages in any activity that violates any covenant or restriction contained in this [Section 7], in addition to any other remedy the Company may have at law or in equity, # the Employee will be entitled to no further payments or benefits from the Company under this Agreement or otherwise, except for any payments or benefits required to be made or provided under applicable law; # all forms of equity compensation held by or credited to the Employee will terminate effective as of the date on which the Employee engages in that activity, unless terminated sooner by operation of another term or condition of this Agreement or other applicable plans and agreements; and # any exercise, payment or delivery pursuant to any equity compensation award that occurred within one year prior to the date on which the Employee engages in that activity may be rescinded within one year after the first date that any member of the Board first became aware that the Employee engaged in that activity. In the event of any such rescission, the Employee will pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery (after deducting the Employee’s actual income tax liability incurred with respect to such gain or payment), in such manner and on such terms and condition as may be required. Notwithstanding any provision of this Agreement to the contrary, if the Employee disputes whether Employee has violated any covenant or restriction contained in [Section 7], and such dispute has been adjudicated to a final decision pursuant to [Section 8.5] in the Employee’s favor, the Company will pay to the Employee all amounts withheld or clawed back pursuant to this Section

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