Common use of Clawback of Benefits Clause in Contracts

Clawback of Benefits. The Company may (i) cause the cancellation of the Performance Stock Units, (ii) require reimbursement of any benefit conferred under the Performance Stock Units to the Participant, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Participant may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this Agreement, in accordance with any Clawback Policy. By accepting this Award, the Participant agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the Participant’s Award Agreements may be unilaterally amended by the Company, without the Participant’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 3 contracts

Samples: American Outdoor Brands, Inc., American Outdoor Brands, Inc., American Outdoor Brands, Inc.

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Clawback of Benefits. The Company may (i) cause the cancellation of the Performance Restricted Stock Units, (ii) require reimbursement of any benefit conferred under the Performance Restricted Stock Units to the Participant, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Participant may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this Agreement, in accordance with any Clawback Policy. By accepting this Award, the Participant agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the Participant’s Award Agreements may be unilaterally amended by the Company, without the Participant’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 3 contracts

Samples: American Outdoor Brands, Inc., American Outdoor Brands, Inc., American Outdoor Brands, Inc.

Clawback of Benefits. The Company may (i) cause the cancellation of the Performance Stock UnitsOptions, (ii) require reimbursement of any benefit conferred under the Performance Stock Units Options to the ParticipantOptionee, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Participant Optionee may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this Agreement, in accordance with any Clawback Policy. By accepting this Award, the Participant Optionee agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the ParticipantOptionee’s Award Agreements may be unilaterally amended by the Company, without the ParticipantOptionee’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 3 contracts

Samples: American Outdoor Brands, Inc., American Outdoor Brands, Inc., American Outdoor Brands, Inc.

Clawback of Benefits. The Company may (ia) cause the cancellation of the Performance Stock UnitsOption, (iib) require reimbursement of any benefit conferred under the Performance Stock Units Option to the ParticipantOptionee or Beneficiary, and (iiic) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Participant Optionee may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this AgreementAgreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Participant Optionee agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the ParticipantOptionee’s Award Agreements may be unilaterally amended by the Company, without the ParticipantOptionee’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Quest Resource Holding Corp), Non Qualified Stock Option Agreement (Quest Resource Holding Corp)

Clawback of Benefits. (a) The Company may (i) cause the cancellation of the Performance Stock Unitsthis Option, (ii) require reimbursement of any benefit conferred under the Performance Stock Units this Option to the ParticipantOptionee or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Participant Optionee may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this AgreementAgreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Participant Optionee agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the ParticipantOptionee’s Award Agreements may be unilaterally amended by the Company, without the ParticipantOptionee’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (GlassesOff Inc.)

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Clawback of Benefits. The Company may (i) cause the cancellation of the Performance Stock UnitsRSUs, (ii) require reimbursement of any benefit conferred under the Performance Stock Units RSUs to the ParticipantRecipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Participant Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this AgreementAgreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Participant Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the ParticipantRecipient’s Award Agreements may be unilaterally amended by the Company, without the ParticipantRecipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Quest Resource Holding Corp)

Clawback of Benefits. (a) The Company may (i) cause the cancellation of the Performance Stock UnitsRestricted Stock, (ii) require reimbursement of any benefit conferred under the Performance Restricted Stock Units to the ParticipantRecipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition, the Participant Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this AgreementAgreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Participant Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that all of the ParticipantRecipient’s Award Agreements may be unilaterally amended by the Company, without the ParticipantRecipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy.

Appears in 1 contract

Samples: Restricted Stock Agreement (GlassesOff Inc.)

Clawback of Benefits. The Company may (i) cause the cancellation of the Performance Stock UnitsRSUs, (ii) require reimbursement of any benefit conferred under the Performance Stock Units RSUs to the ParticipantRecipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or to comply with applicable law laws, regulations, or stock exchange requirements (each, a “Clawback Policy”). In addition, the Participant Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or this Agreementan Award Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Participant Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws laws, regulations, or stock exchange requirements) and further agrees that all of the ParticipantRecipient’s Award Agreements (and/or awards issued under the Prior Plan) may be unilaterally amended by the Company, without the ParticipantRecipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any such Clawback Policy.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Platform Specialty Products Corp)

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