Common use of Compensation Recovery Clause in Contracts

Compensation Recovery. In addition to those provisions in Sections 6 and 7, to the extent that this Award and any compensation associated therewith is considered “incentive-based compensation” within the meaning and subject to the requirements of Section 10D of the Exchange Act, this Award and any compensation associated therewith shall be subject to potential forfeiture or recovery by the Company in accordance with any compensation recovery policy adopted by the Board or the Committee in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s Shares are then listed. This Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy.

Appears in 5 contracts

Sources: Restricted Stock Unit Award Agreement (Generac Holdings Inc.), Performance Share Unit Award Agreement (Generac Holdings Inc.), Performance Share Unit Award Agreement (Generac Holdings Inc.)

Compensation Recovery. In addition to those provisions in Sections 6 8 and 79, to the extent that this Award and any compensation associated therewith is considered “incentive-incentive- based compensation” within the meaning and subject to the requirements of Section 10D of the Exchange Act, this Award and any compensation associated therewith shall be subject to potential forfeiture or recovery by the Company in accordance with any compensation recovery policy adopted by the Board or the Committee in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s Shares are then listed. This Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy.

Appears in 3 contracts

Sources: Nonqualified Stock Option Award Agreement (Generac Holdings Inc.), Nonqualified Stock Option Award Agreement (Generac Holdings Inc.), Nonqualified Stock Option Award Agreement (Generac Holdings Inc.)

Compensation Recovery. In addition to those provisions in Sections 6 5 and 76, to the extent that this Award and any compensation associated therewith is considered “incentive-incentive- based compensation” within the meaning and subject to the requirements of Section 10D of the Exchange Act, this Award and any compensation associated therewith shall be subject to potential forfeiture or recovery by the Company in accordance with any compensation recovery policy adopted by the Board or the Committee in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s Shares are then listed. This Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (Generac Holdings Inc.), Restricted Stock Award Agreement (Generac Holdings Inc.)

Compensation Recovery. In addition to those provisions in Sections 6 8 and 79, to the extent that this Award and any compensation associated therewith is considered “incentive-based compensation” within the meaning and subject to the requirements of Section 10D of the Exchange Act, this Award and any compensation associated therewith shall be subject to potential forfeiture or recovery by the Company in accordance with any compensation recovery policy adopted by the Board or the Committee in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s Shares are then listed. This Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy.

Appears in 1 contract

Sources: Nonqualified Stock Option Award Agreement (Generac Holdings Inc.)

Compensation Recovery. In addition to those provisions in Sections 6 5 and 76, to the extent that this Award and any compensation associated therewith is considered “incentive-based compensation” within the meaning and subject to the requirements of Section 10D of the Exchange Act, this Award and any compensation associated therewith shall be subject to potential forfeiture or recovery by the Company in accordance with any compensation recovery policy adopted by the Board or the Committee in response to the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s Shares are then listed. This Agreement may be unilaterally amended by the Committee to comply with any such compensation recovery policy.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Generac Holdings Inc.)