Common use of Fraud and Related Matters Clause in Contracts

Fraud and Related Matters. ‌ Notwithstanding any other provision of this document, where a Relevant Person: (a) in the opinion of the Board, acts fraudulently or dishonestly, is grossly negligent, demonstrates serious and wilful misconduct, or causes a material adverse effect on the reputation of the Company; (b) has his or her employment or office terminated due to serious or wilful misconduct or otherwise for cause without notice; or (c) deals with or disposes of Awards or Restricted Shares contrary to the provisions of this Plan or any applicable Offer; or (d) becomes ineligible to hold his or her office due to Part 2D.6 of the Corporations Act, the Board may, by written notice to the Participant, deem any unvested, or vested but unexercised, Awards of the Participant to have lapsed or require the Participant to do all such things necessary to cancel any Shares issued on exercise of the Participant’s Awards.

Fraud and Related Matters. ‌ Notwithstanding any other provision of this document, where a Relevant Person: (a) in the opinion of the Board, acts fraudulently or dishonestly, is grossly negligent, demonstrates serious and wilful misconduct, or causes a material adverse effect on the reputation of the Company; (b) has his or her employment or office terminated due to serious or wilful misconduct or otherwise for cause without notice; or (c) deals with or disposes of Awards or Restricted Shares contrary to the provisions of this Plan or any applicable Offer; or (d) becomes ineligible to hold his or her office due to Part 2D.6 of the Corporations Act, the Board may, by written notice to the Participant, deem any unvested, or vested but unexercised, Awards of the Participant to have lapsed or require the Participant to do all such things necessary to cancel any Shares issued on exercise of the Participant’s Awards.