Common use of Rights of Offset Clause in Contracts

Rights of Offset. The Company shall have the right to offset, or cause to be offset, against the obligation to deliver Shares (and/or cash) under this RSU Agreement any outstanding amounts (including, without limitation, travel and entertainment or advance account balances, loans or amounts repayable to the Company pursuant to tax equalization, housing, automobile or other employee programs) you then owe to the Company and any amounts the Committee otherwise deems appropriate.

Appears in 4 contracts

Samples: 2004 Stock Incentive Plan Rsu Award Agreement (Allied World Assurance Co Holdings LTD), 2004 Stock Incentive Plan Rsu Award Agreement (Allied World Assurance Co Holdings LTD), 2004 Stock Incentive Plan Rsu Award Agreement (Allied World Assurance Co Holdings LTD)

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Rights of Offset. The Company shall have the right to offset, or cause to be offset, against the obligation to deliver Shares (and/or cash) under this RSU Agreement any outstanding amounts (including, without limitation, travel and entertainment or advance account balances, loans or amounts repayable to the Company pursuant to tax equalization, housing, automobile or other employee programsfor any reason) you then owe to the Company and any amounts the Committee otherwise deems appropriate.

Appears in 2 contracts

Samples: 2004 Stock Incentive Plan Rsu Award Agreement (Allied World Assurance Co Holdings, AG), 2004 Stock Incentive Plan Rsu Award Agreement (Allied World Assurance Co Holdings LTD)

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Rights of Offset. The Company shall have the right to offset, or cause to be offset, offset against the obligation to deliver Shares (and/or cash) under this RSU Agreement any outstanding amounts (including, without limitation, travel and entertainment or advance account balances, loans or amounts repayable to the Company pursuant to tax equalization, housing, automobile or other employee programs) you then owe to the Company and any amounts the Committee otherwise deems appropriate.

Appears in 1 contract

Samples: 2004 Stock Incentive Plan Rsu Award Agreement (Allied World Assurance Co Holdings LTD)

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