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UNH » Topics » Violation of Noncompetition Covenants

This excerpt taken from the UNH DEF 14A filed Apr 30, 2007.

Violation of Noncompetition Covenants

 

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The clawback policy with respect to violations of noncompetition covenants, applies to a broader group of executives, and applies only to equity compensation.

 

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The policy requires cancellation of unvested options/SARs or other unvested equity awards and forfeiture of all equity awards which vested within one year prior to termination of employment or anytime thereafter if the employee violates a restrictive covenant.

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