Common use of Penalties for Non-Compliance Clause in Contracts

Penalties for Non-Compliance. It is important that you understand the breadth of activities that constitute illegal ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and the consequences, which can be severe. Both the U.S. Securities and Exchange Commission, or the SEC, and the Financial Industry Regulatory Authority, together with the Department of Justice, pursue ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations vigorously. For example, cases have been prosecuted successfully against trading by employees through foreign accounts, trading by family members and friends, and trading involving only a small number of shares. Potential penalties for ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations include imprisonment, criminal fines and civil fines of up to three times the profit gained or loss avoided. Failure to comply with this Policy may also subject you to Company-imposed sanctions, including dismissal, whether or not your failure to comply with this Policy results in a violation of law.

Penalties for Non-Compliance. SAMPLE It is important that you understand the breadth of activities that constitute illegal ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and the consequences, which can be severe. Both the U.S. Securities and Exchange Commission, or the SEC, and the Financial Industry Regulatory Authority, together with the Department of Justice, pursue ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations vigorously. For example, cases have been prosecuted successfully against trading by employees through foreign accounts, trading by family members and friends, and trading involving only a small number of shares. Potential penalties for ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations include imprisonment, criminal fines and civil fines of up to three times the profit gained or loss avoided. Failure to comply with this Policy may also subject you to Company-imposed sanctions, including dismissal, whether or not your failure to comply with this Policy results in a violation of law.