India. References in the Award Agreement and Exhibit A thereto to the XXX Agreement (and related obligations thereunder) will not apply to the Participant. · To the extent that the Company elects to enforce the forfeiture and repayment provisions under Section 8(b) of the Award Agreement by re-acquiring shares of Common Stock held by the Participant, the Company will pay nominal consideration, as determined at the discretion of the Company, for such shares and/or obtain approval from the Reserve Bank of India, to the extent required under applicable law. · Section 18 of the Award Agreement shall be revised to read as follows:
Appears in 11 contracts
Samples: Travelers Stock Option Grant Notification and Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Notification and Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Notification and Agreement (Travelers Companies, Inc.)
India. References in the Award Agreement and Exhibit A thereto to the XXX Agreement (and related obligations thereunder) will not apply to the Participant. · To the extent that the Company elects to enforce the forfeiture and repayment provisions under Section 8(b10(b) of the Award Agreement by re-acquiring shares of Common Stock held by the Participant, the Company will pay nominal consideration, as determined at the discretion of the Company, for such shares and/or obtain approval from the Reserve Bank of India, to the extent required under applicable law. · Section 18 20 of the Award Agreement shall be revised to read as follows:
Appears in 8 contracts
Samples: Award Notification and Agreement (Travelers Companies, Inc.), Performance Shares Award Notification and Agreement (Travelers Companies, Inc.), Performance Shares Award Notification and Agreement (Travelers Companies, Inc.)
India. References in the Award Agreement and Exhibit A thereto to the XXX Agreement (and related obligations thereunder) will not apply to the Participant. · • To the extent that the Company elects to enforce the forfeiture and repayment provisions under Section 8(b) of the Award Agreement by re-acquiring shares of Common Stock held by the Participant, the Company will pay nominal consideration, as determined at the discretion of the Company, for such shares and/or obtain approval from the Reserve Bank of India, to the extent required under applicable law. · • Section 18 of the Award Agreement shall be revised to read as follows:
Appears in 1 contract
Samples: Restricted Stock Unit Award Notification and Agreement (Travelers Companies, Inc.)
