Common use of Forfeiture; Recovery of Compensation Clause in Contracts

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this Award, under this Award, including the right to any Shares acquired under this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Cerence Inc.), Restricted Stock Unit Award Agreement (Agenus Inc), Cerence LLC

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Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this the Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this the Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this the Award, under this the Award, including the right to any Shares acquired under this the Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUsRestricted Stock Units. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 10 of this Agreement.

Appears in 3 contracts

Samples: Stock Unit Award Agreement (LifeStance Health Group, Inc.), Stock Unit Award Agreement (LifeStance Health Group, Inc.), Restricted Stock Unit Award Agreement (LifeStance Health Group, Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this Award, under this Award, including the right to any Shares acquired under this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Nuance Communications, Inc.), Restricted Stock Unit Award Agreement (Nuance Communications, Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this Award, under this Award, including the right to any Shares acquired under this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUsPSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 12 of this Agreement.

Appears in 2 contracts

Samples: Award Agreement (Cerence Inc.), Award Agreement (Cerence Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this the Award at any time if the Participant is not in compliance with all applicable provisions of this Restricted Stock Unit Agreement and the Plan. By accepting, or being deemed to have accepted, this the Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this the Award, under this the Award, including the right to any Shares acquired under this the Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) paragraph 34 of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 6 of this Restricted Stock Unit Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Terms and Conditions (ImmunoGen, Inc.), Restricted Stock Unit Terms and Conditions (ImmunoGen, Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this the Award at any time if the Participant Grantee is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this the Award, the Participant Grantee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this the Award, under this the Award, including the right to any Shares acquired under this the Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) paragraph 34 of the Plan (including any successor provision). The Participant Grantee further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUsRestricted Stock Units. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 6 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement for Non (ImmunoGen, Inc.)

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Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this Award, under this Award, including the right to any Shares acquired under this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 of this AgreementPSUs.

Appears in 1 contract

Samples: Nuance Communications, Inc.

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this Award, under this Award, including the right to any Shares acquired under this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 10 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cerence Inc.)

Forfeiture; Recovery of Compensation. The Administrator may cancel, rescind, withhold or otherwise limit or restrict this Award at any time if the Participant is not in compliance with all applicable provisions of this Agreement and the Plan. By accepting, or being deemed to have accepted, this Award, the Participant expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of this Award, under this Award, including the right to any Shares acquired under this Award or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). The Participant further agrees to be bound by the terms of any clawback or recoupment policy of the Company that applies to incentive compensation that includes Awards such as the RSUsPSUs. Nothing in the preceding sentence may be construed as limiting the general application of Section 9 10 of this Agreement.

Appears in 1 contract

Samples: Award Agreement (Cerence LLC)

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