Definition of Eligible Individuals Sample Clauses

Definition of Eligible Individuals. In addition, to the extent not already accomplished, within 120 days after the Effective Date of the CIA, Insys shall modify and supplement their annual bonus plans applicable to an Eligible Individual (and any employment agreements, as appropriate) by imposing the following eligibility and repayment conditions on future Cash Awards and Equity Awards made beginning on January 1, 2020 and making the additional remedies discussed below applicable to all eligible individuals who are officers, executives, or employees of Insys (collectively, “Eligible Individuals”) Insys shall implement policies and procedures and, as necessary, shall modify contracts with Eligible Individuals so that beginning no later than January 1, 2020 the Cash Awards and Equity Awards may be recouped if an Affirmative Recoupment Determination is made. The forfeiture and recoupment rights described in this Paragraph shall apply prospectively to Eligible Individuals beginning no later than the incentive plan applicable beginning on January 1, 2020.‌
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Related to Definition of Eligible Individuals

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