Common use of Clawback Right Clause in Contracts

Clawback Right. If your employment with the Company Group terminates prior to the occurrence of the Retention Date or a Restructuring Event for any reason other than a Qualifying Termination, you hereby agree to repay to the Company the gross (pre-tax) amount of the Retention Bonus within fifteen days following the date of such termination. If you do not timely make such repayment, the Company will be entitled to recover from you collection costs and damages, including reasonable legal fees, expenses and court costs, arising from the enforcement of this obligation to the maximum extent permitted by law.

Clawback Right. If your employment with the Company Group terminates terminates, or you provide or receive a notice of termination, in each case prior to the occurrence of the Retention Date or a Restructuring Event for any reason other than a Qualifying Qualified Termination, you hereby agree to repay re-pay to the Company the gross (pre-tax) amount of the Retention Bonus Bonus, as set forth in Section 1 above, within fifteen (15) days following the date of such termination. If you do not timely make such repayment, the Company will be entitled to recover from you collection costs and damages, including reasonable legal fees, expenses and court costs, arising from the enforcement of this obligation to the maximum extent permitted by law.

Clawback Right. If your employment with the Company Group terminates prior to the occurrence of the Retention Date or a Restructuring Event for any reason other than a Qualifying Qualified Termination, you hereby agree to repay re-pay to the Company the gross (pre-tax) amount of the Retention Bonus Bonus, as set forth in Section 1, above, within fifteen (15) days following the date of such termination. If you do not timely make such repayment, the Company or Parent, as applicable, will be entitled to recover from you collection costs and damages, including reasonable legal fees, expenses and court costs, arising from the enforcement of this obligation to the maximum extent permitted by law.