Common use of Return of Option Proceeds Clause in Contracts

Return of Option Proceeds. By accepting this award, you agree that if the Company determines that you engaged in Conduct Detrimental to the Company during your Employment or during the one-year period following the termination of your Employment you shall be required to repay to the Company, in cash and upon demand, the Option Proceeds (as defined below) resulting from any exercise of Options occurring after the termination of your Employment or during the twelve-month period preceding the termination of your Employment. The term “Option Proceeds” means, with respect to any exercise of Options, an amount equal to the number of Options exercised multiplied by the difference between the market value per share of the Company’s common stock at the time of such exercise and the Exercise Price. You understand and agree that the return of Option Proceeds is in addition to and separate from any other relief available to the Company due to your Conduct Detrimental to the Company. For purposes of this Agreement, you will be considered to have engaged in “Conduct Detrimental to the Company” if:

Return of Option Proceeds. By accepting this award, you agree that if the Company determines that you engaged in Conduct Detrimental to the Company during your Employment or during the one-year period following the termination of your Employment Employment, you shall be required required, upon demand, to repay to the Company, in the form of a cash and upon demandpayment, the Option Proceeds (as defined below) resulting from any exercise of Options occurring after the termination of your Employment or during the twelve-month period preceding the termination of your Employment. The term “Option Proceeds” means, with respect to any exercise of Options, an amount equal to the number of Options exercised multiplied by the difference between the market value per share of the Company’s common stock at the time of such exercise and the Exercise Price. You understand and agree that the return repayment of Option Proceeds is in addition to and separate from any other relief available to the Company due to your Conduct Detrimental to the Company. For purposes of this Agreement, you will be considered to have engaged in “Conduct Detrimental to the Company” if: