Common use of Recoupment Authorization Clause in Contracts

Recoupment Authorization. For purposes of the foregoing, the Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant’s behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold any Shares and other amounts acquired pursuant to these Performance RSUs to re-convey, transfer or otherwise return such Shares and/or other amounts to the Company upon the Company’s enforcement of Sections 6.1 or 6.2 hereof.

Appears in 5 contracts

Sources: Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp), Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp), Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp)

Recoupment Authorization. For purposes of the foregoing, the Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant’s behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold any Shares and other amounts acquired pursuant to these Performance RSUs the Restricted Stock Units to re-convey, transfer or otherwise return such Shares and/or other amounts to the Company upon the Company’s enforcement of Sections 6.1 5.1 or 6.2 5.2 hereof.

Appears in 3 contracts

Sources: Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp), Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp), Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp)

Recoupment Authorization. For purposes of the foregoing, the Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant’s behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold any Shares and other amounts acquired pursuant to these Performance RSUs Restricted Stock Units to re-convey, transfer or otherwise return such Shares and/or other amounts to the Company upon the Company’s enforcement of Sections 6.1 5.1 or 6.2 5.2 hereof.

Appears in 2 contracts

Sources: Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp), Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp)