Common use of Forfeitures Clause in Contracts

Forfeitures. If you have received or been entitled to receive payment in cash, delivery of Common Stock or a combination thereof pursuant to this Agreement within the period beginning six months prior to the date of your Termination of Employment and ending twelve months following the date of your Termination of Employment, the Company, in its sole discretion, may require you to return or forfeit the cash and/or Common Stock received or receivable with respect to this Option (or its economic value as of the date of the exercise of the Option), in the event that you engage in any of the following activities:

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Medtronic PLC), Non Qualified Stock Option Agreement (Medtronic PLC), Non Qualified Stock Option Agreement (Medtronic Inc)

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Forfeitures. If you have received or been are entitled to receive payment in cash, delivery of Common Stock or Shares as a combination thereof pursuant to result of this Agreement within the period beginning six months prior to the date of your Termination of Employment and ending twelve months following the date of your Termination of Employment, the Company, in its sole discretion, may require you to return or forfeit the cash and/or Common Stock Shares received or receivable with respect to this Option (or its economic value as of the date of the exercise of the Option)Restricted Stock Units award, in the event that you engage in any of the following activities:

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Medtronic Inc), Restricted Stock Unit Award Agreement (Medtronic PLC), Restricted Stock Unit Award Agreement (Medtronic Inc)

Forfeitures. If you have received or been entitled to receive payment in cash, delivery of Common Stock or a combination thereof pursuant to as a result of this Agreement Restricted Stock award within the period beginning six months prior to the date of your Termination of Employment and ending twelve months following the date of your Termination of Employment, the Company, in its sole discretion, may require you to return or forfeit the cash and/or Common Stock received or receivable with respect to this Option (or its economic value as of the date of the exercise of the Option)Restricted Stock, in the event that you engage in any of the following activities:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Medtronic Inc)

Forfeitures. If you have received or been entitled to receive payment in cash, delivery of Common Stock or a combination thereof pursuant to this Agreement Option within the period beginning six months prior to the date termination of your Termination of Employment employment with the Company or any Affiliate and ending twelve months following when the date of your Termination of EmploymentOption expires in accordance with Section 2(a), the Company, in its sole discretion, may require you to return or forfeit the cash and/or Common Stock received or receivable with respect to this Option (or its economic value as of the date of the exercise of the Option), in the event that you engage in any of the following activities:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Medtronic Inc)

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Forfeitures. If you have received or been entitled to receive payment in cash, delivery of Common Stock or a combination thereof pursuant to as a result of this Agreement within the period beginning six months prior to the date of your Termination of Employment and ending twelve months following the date of your Termination of Employment, the Company, in its sole discretion, may require you to return or forfeit the cash and/or Common Stock received or receivable with respect to this Option (or its economic value as of the date of the exercise of the Option)Restricted Stock, in the event that you engage in any of the following activities:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Medtronic Inc)

Forfeitures. If you have received or been entitled to receive payment in cash, delivery of Common Stock or a combination thereof pursuant to this Agreement Option within the period beginning six months prior to the date termination of your Termination of Employment employment with the Company or any Affiliate and ending twelve months following when the date of your Termination of EmploymentOption expires in accordance with Section 2(a), the Company, in its sole discretion, may require you to return or forfeit the cash and/or Common Stock received or receivable with respect to this Option (or its economic value as of the date of the exercise of the Option), in the event that you engage in any of the following activities:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Medtronic Inc)

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