Common use of Clawback/Forfeiture Clause in Contracts

Clawback/Forfeiture. If the Participant receives any amount in excess of what the Participant should have received with respect to the Restricted Shares by reason of a financial restatement, mistake in calculations or other administrative error, in each case, as determined by the Company’s auditors, then the Participant shall be required to repay any such excess amount to the Company upon 30 days prior written demand by the Committee. To the extent required by applicable law (including without limitation Section 304 of the Sarbanes Oxley Act and Section 954 of the Xxxx Xxxxx Act), the Restricted Shares shall be subject to any required clawback, forfeiture or similar requirement.

Clawback/Forfeiture. If the Participant receives any amount in excess of what the Participant should have received with respect to the Restricted Option Shares by reason of a financial restatement, mistake in calculations or other administrative error, in each case, as determined by the Company’s auditors, then the Participant shall be required to repay any such excess amount to the Company upon 30 days prior written demand by the Committee. To the extent required by applicable law (including without limitation Section 304 of the Sarbanes Oxley Act and Section 954 of the Xxxx Xxxxx Act), the Restricted Option Shares shall be subject to any required clawback, forfeiture or similar requirement.

Clawback/Forfeiture. If the Participant receives any amount in excess of what the Participant should have received with respect to the Restricted Shares by reason of a financial restatement, mistake in calculations or other administrative error, in each case, as determined by the Company’s auditors, then the Participant shall be required to repay any such excess amount to the Company upon 30 days prior written demand by the Committee. To the extent required by applicable law (including without limitation Section 304 of the Sarbanes Oxley Act and Section 954 of the Xxxx Dxxx Xxxxx Act), the Restricted Shares shall be subject to any required clawback, forfeiture or similar requirement.

Clawback/Forfeiture. If the Participant receives any amount in excess of what the Participant should have received with respect to the Restricted Option Shares for any reason (including without limitation by reason of a financial restatement, mistake in calculations or other administrative error, in each case, as determined by the Company’s auditors), then the Participant shall be required to repay any such excess amount to the Company upon 30 days prior written demand by the Committee. To the extent required by applicable law (including without limitation Section 304 of the Sarbanes Oxley Act and Section 954 of the Xxxx Xxxxx Act), the Restricted Option Shares shall be subject to any required clawback, forfeiture or similar requirement.

Clawback/Forfeiture. If the Participant receives any amount in excess of what the Participant should have received with respect to the Restricted Shares for any reason (including without limitation by reason of a financial restatement, mistake in calculations or other administrative error, in each case, as determined by the Company’s auditors), then the Participant shall be required to repay any such excess amount to the Company upon 30 days prior written demand by the Committee. To the extent required by applicable law (including without limitation Section 304 of the Sarbanes Oxley Act and Section 954 of the Xxxx Xxxxx Act), the Restricted Shares shall be subject to any required clawback, forfeiture or similar requirement.