Common use of India Clause in Contracts

India. References in the Award Agreement and Exhibit A thereto to the ▇▇▇ Agreement (and related obligations thereunder) will not apply to the Participant. · To the extent that the Company elects to enforce the forfeiture and repayment provisions under Section 8(b) of the Award Agreement by re-acquiring shares of Common Stock held by the Participant, the Company will pay nominal consideration, as determined at the discretion of the Company, for such shares and/or obtain approval from the Reserve Bank of India, to the extent required under applicable law. · Section 18 of the Award Agreement shall be revised to read as follows:

Appears in 11 contracts

Sources: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Stock Option Agreement (Travelers Companies, Inc.), Stock Option Agreement (Travelers Companies, Inc.)

India. References in the Award Agreement and Exhibit A thereto to the ▇▇▇ Agreement (and related obligations thereunder) will not apply to the Participant. · To the extent that the Company elects to enforce the forfeiture and repayment provisions under Section 8(b10(b) of the Award Agreement by re-acquiring shares of Common Stock held by the Participant, the Company will pay nominal consideration, as determined at the discretion of the Company, for such shares and/or obtain approval from the Reserve Bank of India, to the extent required under applicable law. · Section 18 20 of the Award Agreement shall be revised to read as follows:

Appears in 8 contracts

Sources: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)

India. References in the Award Agreement and Exhibit A thereto to the ▇▇▇ Agreement (and related obligations thereunder) will not apply to the Participant. · To the extent that the Company elects to enforce the forfeiture and repayment provisions under Section 8(b) of the Award Agreement by re-acquiring shares of Common Stock held by the Participant, the Company will pay nominal consideration, as determined at the discretion of the Company, for such shares and/or obtain approval from the Reserve Bank of India, to the extent required under applicable law. · Section 18 of the Award Agreement shall be revised to read as follows:

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)