Potential Clawback. The Employee acknowledges that he or she has been provided a copy of the Company’s Incentive Compensation Recovery Policy, dated February 4, 2014 (the “Recovery Policy”), and understands, accepts and agrees that this Award and any other outstanding Award he or she may have been granted under the Plan after May 8, 2013 (a “Prior Award”) are subject to the terms and conditions of the Recovery Policy as it currently exists and as it may be amended from time to time, which include the potential forfeiture to or recovery by the Company of this Award, any Prior Award, any Shares issued pursuant to this Award or any Prior Award, any proceeds received by the Employee upon the sale of any such Shares, and any other compensatory value received by Employee under this Award or any Prior Award under the circumstances and to the extent set forth in the Recovery Policy. This Agreement may be unilaterally amended by the Committee at any time to comply with the Recovery Policy as it may be amended from time to time.
Appears in 2 contracts
Sources: Restricted Stock Agreement (Piper Jaffray Companies), Restricted Stock Agreement (Piper Jaffray Companies)