Repayment of Financial Gain Sample Clauses

Repayment of Financial Gain. (i) If an Employee fails to comply with the requirements of Section C1(a) through Section C1(g), the Company may cancel any outstanding Awards and recover from the Employee (1) the Amount (as that term is defined in Section C7(a) below) of any gain realized on Stock Options that the Employee exercised, as of the date exercised, (2) the Amount of any payments received by the Employee for Portfolio Grant Awards, Performance Grant Awards or other Awards granted under the Plan and (3) the Number (as that term is defined in Section C7(d) below) of shares of stock whose restrictions lapsed (or the value of the Number of such shares of stock at the time the restrictions lapsed) pursuant to an award of Restricted Stock or Restricted Stock Units or other Award, during the 24-month period preceding the Employee’s last day of active employment.
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Repayment of Financial Gain. (a) If you fail to comply with Section 8 of this Award Agreement, the Company may cancel any unexercised portion of this Option and recover from you the gross amount, before deduction of applicable taxes or other amounts, of any gain realized on the exercise of stock options pursuant to this Option during the 24-month period preceding your breach of any covenant in Section 8 of this Award Agreement.
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Repayment of Financial Gain. (a) If you fail to comply with Section 9 of this Award Agreement, the Company may cancel any unvested portion of this Award and recover from you the total number or Vesting Date value of Shares whose Vesting Date occurred pursuant to this Award during the 24-month period preceding your breach of any covenant in Section 9 of this Award Agreement. The total number or value of the vested Shares shall include the amount of any dividends paid to you during the 24-month period specified above and shall not be reduced for the payment of applicable taxes or other amounts.
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Repayment of Financial Gain. If an Employee fails to comply with the requirements of Paragraphs 2(a) through 2(g) and is at Band 70 or above at the time his or her active employment with the Company terminates, the Company may cancel any outstanding Awards and recover from the Employee (i) the amount of any gain realized on Options and stock appreciation rights exercised, as of the date exercised, (ii) any payments received for Portfolio Grant Awards or other Awards and (iii) stock whose restrictions lapsed (or the value of the stock at the time the restrictions lapsed) pursuant to an RSA, RSU Award, or other Awards, during the last two years the Employee was employed by the Company. If an Employee fails to comply with the requirements of Paragraphs 2(a) through 2(g) and is at Band 50 or 60 at the time his or her active employment with the Company terminates, the Company may cancel any outstanding Awards and recover from the Employee the amount of any gain realized on Options and stock appreciation rights exercised, as of the date exercised, which were exercised during the last six months the Employee was employed by the Company. If an Employee fails to comply with the requirements of Paragraphs 2(a) through 2(g), the Employee must and agrees to repay the Company in accordance with the terms of this Paragraph, and the Company shall be entitled, to the extent and in the manner permitted by the 409A Policy, to set off against the amount of any such repayment obligation any amount owed, from any source, to the Employee by the Company.
Sample 1
Repayment of Financial Gain. (a) If you fail to comply with Section 5 of this Award Agreement, the Company may cancel this Award, and recover from you, the total number or Vesting Date value of the number of vested Restricted Stock Shares during the twenty-four (24) month period preceding your breach of any covenant in Section 5 of this Award Agreement. The total number or Vesting Date value of the number of vested Restricted Stock Shares shall not be reduced for the payment of applicable taxes or other amounts.
Sample 1
Repayment of Financial Gain. (i) If an Employee fails to comply with the requirements of Paragraphs 2(a) through 2(g), the Company may cancel any outstanding Awards and recover from the Employee (i) the Amount (as that term is defined in Paragraph 3(a)(iii) below) of any gain realized on Options and stock appreciation rights that the Employee exercised, as of the date exercised, (ii) the Amount of any payments received by the Employee for Portfolio Grant Awards, Performance Grant Awards or other Awards and (iii) the Number (as that term is defined in Paragraph 3(a)(iii) below) of shares of stock whose restrictions lapsed (or the value of the Number of such shares of stock at the time the restrictions lapsed) pursuant to an RSA, RSU Award or other Awards, during the 24-month period preceding the Employee’s last day of active employment. The annual bonus provided to Executive Officers is in the form of a Performance Grant Award issued pursuant to the Plan and is subject to the terms of this Section V.
Sample 1
Repayment of Financial Gain. For so long as I continue as an employee of D&B and its subsidiaries and affiliates (the “D&B Group”) and for one (1) year (two (2) years if I am or become a member of D&B’s Leadership Team, (“D&B’s LT”), currently consisting of the Chairman and Chief Executive Officer of the Company, direct reports of the Chairman and Chief Executive Officer and other designated positions) following the date my employment with the D&B Group ends, I agree that if I engage in “Detrimental Conduct” during such time, then I will pay to D&B the “Financial Gain” realized by me during the one (1) year (two (2) years if I am a member of D&B’s LT) preceding and following the Detrimental Conduct. The term “
Sample 1
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Repayment of Financial Gain. For so long as I continue as an employee of D&B and its subsidiaries and affiliates (the "D&B Group") and for two (2) years following the date my employment with the D&B Group ends, I agree that if I engage in "Detrimental Conduct" during such time, then I will pay to D&B the "Financial Gain" realized by me during the two (2) years preceding and following the Detrimental Conduct. The term "
Sample 1

Related to Repayment of Financial Gain

  • Payment of Financial Obligations The payment or provision to the Executive by the Company of any remuneration, benefits or other financial obligations pursuant to this Agreement shall be allocated among the Operating Partnership, the REIT and any subsidiary or affiliate thereof in such manner as such entities determine in order to reflect the services provided by the Executive to such entities; provided, however, that the Operating Partnership and the REIT shall be jointly and severally liable for such obligations.

  • Voluntary Prepayments (a) The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay any Term Loan in whole or in part without premium or penalty (other than as set forth in clause (b) below); provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans and LIBOR Daily Floating Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any such prepayment of LIBOR Daily Floating Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment, the tranche of Terms Loans to be prepaid and the Type(s) of Term Loans to be prepaid. The Administrative Agent will promptly notify each applicable Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the applicable Term Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

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