Significant Misconduct definition
Examples of Significant Misconduct in a sentence
Indivior shall initiate the Recoupment Determination process within 30 days after: (1) discovery of potential Significant Misconduct that may rise to the level of a Triggering Event, or (2) written notification by a United States federal government agency to Indivior’s Chief Integrity & Compliance Officer of a situation that may rise to the level of a Triggering Event and either occurred in the United States or gives rise to liability relating to Federal healthcare programs.
Taro shall initiate the Recoupment Determination process upon: (1) discovery of potential Significant Misconduct that may rise to the level of a Triggering Event, or (2) written notification by a United States federal government agency to ▇▇▇▇’s Compliance Officer of a situation that may rise to the level of a Triggering Event and either occurred in the United States or gives rise to liability relating to Federal healthcare programs.
Mallinckrodt shall initiate the Recoupment Determination process within 30 days after: (1) discovery of potential Significant Misconduct that may rise to the level of a Triggering Event, or (2) written notification by a United States federal government agency to Mallinckrodt’s Compliance Officer of a situation that may rise to the level of a Triggering Event and either occurred in the United States or gives rise to liability relating to Federal healthcare programs.
Within 150 days after the Effective Date of the CIA, Mallinckrodt shall establish policies and procedures (and modify employment and other contracts as necessary) to provide that incentive awards, bonuses, and other similar awards on an after tax/net basis (collectively “Cash Awards”) for each Covered Executive is at risk of forfeiture in the event of Significant Misconduct that is discovered by Mallinckrodt before the Cash Award is paid.
Insys shall initiate the Recoupment Determination process upon: (1) discovery of potential Significant Misconduct that may rise to the level of a Triggering Event, or (2) written notification by a United States federal government agency to Insys’s compliance officer of a situation that may rise to the level of a Triggering Event and either occurred in the United States or gives rise to liability relating to Federal health care programs.
In the event of Significant Misconduct by any Covered Executive, Taro shall also reserve the right and full discretion to void and forfeit any unvested stock options, unvested stock appreciation rights, unvested deferred share units, and other unvested rights to receive company common stock (collectively, “Equity Awards”).
To the extent not already accomplished, within 120 days after the Effective Date of the CIA, Insys shall establish policies and procedures (and modify employment and other contracts as necessary) to provide that annual incentive compensation for each Eligible Individual (as defined below) is at risk of forfeiture in the event of Significant Misconduct (i.e., any violation of any law, regulation or Insys policy) that is discovered by Insys before the incentive compensation is paid.
In the event of Significant Misconduct by any Covered Executive, Mallinckrodt shall also reserve the right and full discretion to void and forfeit any unvested stock options, unvested stock appreciation rights, unvested deferred share units, and other unvested rights to receive company common stock (collectively, “Equity Awards”).
In the event of any potential Significant Misconduct by any Eligible Individual, ABC and the ABC Affiliates shall also reserve the right and full discretion to void and forfeit any unvested stock options, unvested stock appreciation rights, unvested stock awards, unvested restricted stock unit awards, unvested performance share awards, and any other unvested right to receive company common stock (collectively, “Equity Awards” referred to collectively with Cash Awards as “Awards”).
Within 120 days after the Effective Date of the CIA, ▇▇▇▇▇▇ shall establish policies and procedures (and modify employment and other contracts as necessary) to provide that incentive awards, bonuses, and other similar awards (collectively “Cash Awards”) for each Covered Executive are at risk of forfeiture in the event of Significant Misconduct (i.e., a violation of a law or regulation or a violation of a significant Sandoz policy) that is discovered by Sandoz before the bonus is paid.