Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year period following the earlier of the Participant’s Termination of Employment or the Final Certification Date, the Committee may direct (at any time within one year thereafter) that all Performance Shares shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned Shares.
Appears in 3 contracts
Samples: Long Term Performance Share Award Agreement (Comtech Telecommunications Corp /De/), Performance Share Award Agreement (Comtech Telecommunications Corp /De/), Performance Share Award Agreement (Comtech Telecommunications Corp /De/)
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one (1) year period following the earlier of the Participant’s Termination of Employment or the Final Certification Certification/Vesting Date, the Committee may direct (at any time within one year thereafter) that all Performance Shares shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned Shares.
Appears in 2 contracts
Samples: Performance Share Award Agreement (Comtech Telecommunications Corp /De/), Performance Share Award Agreement (Comtech Telecommunications Corp /De/)
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year period following the earlier of the Participant’s Termination of Employment or the Final Certification Dateend of the Performance Period, the Committee may direct (at any time within one year thereafter) that all Performance Shares shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned Shares.
Appears in 1 contract
Samples: Long Term Performance Share Award Agreement (Comtech Telecommunications Corp /De/)
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year period following the earlier later of the Participant’s Termination of Employment or the Final Certification Datevesting of Awarded Shares, the Committee may direct (at any time within one year thereafter) that all Performance unvested Awarded Shares (and any Dividend Equivalents credited thereupon) shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned SharesAwarded Shares or Dividend Equivalents.
Appears in 1 contract
Samples: Performance Share Award Agreement (Comtech Telecommunications Corp /De/)
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year period following the earlier of the Participant’s Termination of Employment or the Final Certification Date, the Committee may direct (at any time within one year thereafter) that all Performance Shares Units shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an any cash amount equal paid to the gain realized at Participant with respect to the time of vesting and distribution of any Earned SharesUnits.
Appears in 1 contract
Samples: Settled Performance Unit Award Agreement (Comtech Telecommunications Corp /De/)
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year period following the earlier later of the Participant’s Termination of Employment or the Final Certification Datevesting of Awarded Shares, the Committee may direct (at any time within one year thereafter) that all Performance unvested Awarded Shares shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned Awarded Shares.
Appears in 1 contract
Samples: Performance Share Award Agreement (Comtech Telecommunications Corp /De/)
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year period following the earlier of the Participant’s Termination of Employment or the Final Certification Certification/Vesting Date, the Committee may direct (at any time within one year thereafter) that all Performance Shares shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned Awarded Shares.
Appears in 1 contract
Samples: Performance Share Award Agreement (Comtech Telecommunications Corp /De/)
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year period following the earlier of the Participant’s Termination of Employment or the Final Certification Certification/Vesting Date, the Committee may direct (at any time within one year thereafter) that all Performance Shares shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned Shares.
Appears in 1 contract
Samples: Performance Share Award Agreement (Comtech Telecommunications Corp /De/)