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PBI » Topics » Forfeiture of Awards

This excerpt taken from the PBI DEF 14A filed Apr 3, 2007.

Forfeiture of Awards

The 2007 Plan provides that awards will be forfeited in the event that a participant 1) engages in Gross Misconduct, 2) violates the terms of the Proprietary Interest Protection Agreement (a non-compete, non-solicitation and confidentiality agreement) or 3) knowingly or grossly negligently engages in misconduct resulting in a restatement of the company’s financial statements due to the company’s material non-compliance with any financial reporting requirement under the securities laws.

"Forfeiture of Awards" elsewhere:

SUPERMEDIA INC. (IAR)
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