Common use of FORFEITURE AND RECOUPMENT OF PROCEEDS Clause in Contracts

FORFEITURE AND RECOUPMENT OF PROCEEDS. The provisions of this Section 13 are intended to protect the Company’s goodwill, which you acknowledge and agree is a unique and valuable asset of the Company.

Appears in 6 contracts

Samples: Employee Incentive Stock Option Award Agreement (Geospace Technologies Corp), Consultant Nonqualified Stock Option Award Agreement (Geospace Technologies Corp), Employee Nonqualified Stock Option Award Agreement (Geospace Technologies Corp)

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FORFEITURE AND RECOUPMENT OF PROCEEDS. The provisions of this Section 13 9 are intended to protect the Company’s goodwill, which you acknowledge and agree is a unique and valuable asset of the Company.

Appears in 1 contract

Samples: Director Nonqualified Stock Option Award Agreement (Geospace Technologies Corp)

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FORFEITURE AND RECOUPMENT OF PROCEEDS. The provisions of this Section 13 11 are intended to protect the Company’s goodwill, which you acknowledge and agree is a unique and valuable asset of the Company.

Appears in 1 contract

Samples: Award Agreement (Glori Energy Inc.)

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