Common use of Disposition of Securities Clause in Contracts

Disposition of Securities. By accepting the Performance Award, you acknowledge that you have read and understand (i) the Company’s policy, and are aware of and understand your obligations under applicable securities laws in respect of trading in the Company’s securities, and (ii) the Company’s stock ownership guidelines as they apply to this Performance Award. The Company shall have the right to recover, or receive reimbursement for, any compensation or profit you realize on the disposition of Shares received to the extent that the Company has a right of recovery or reimbursement under applicable securities laws.

Appears in 7 contracts

Samples: 2016 Stock Incentive Plan (Honeywell International Inc), 2016 Stock Incentive Plan (Honeywell International Inc), Performance Stock Unit Agreement (Resideo Technologies, Inc.)

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Disposition of Securities. By accepting the Performance Award, you acknowledge that you have read and understand (i) the Company’s policy, policy and are aware of and understand your obligations under applicable securities laws in respect of trading in the Company’s securities, and (ii) the Company’s stock ownership guidelines as they apply to this Performance Award. The Company shall have the right to recover, or receive reimbursement for, any compensation or profit you realize on the disposition of Shares received to the extent that the Company has a right of recovery or reimbursement under applicable securities laws.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Resideo Technologies, Inc.)

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