WebSample 1. Clawback Agreement. In accordance with the Company ’s clawback policy, Executive hereby agrees to reimburse the Company for all or any portion of any bonuses or incentive or equity - based compensation if the Compensation Committee in good faith determines: (a) the payment or grant was based on the achievement of certain financial ... WebSep 1, 2011 · A clawback is a mechanism included in an executive's employment contract that allows the company to recover payments made through performance-based incentives under certain circumstances.

Examples of clawback clauses in contracts Afterpattern

Webクローバック（clawback）とは、払い戻し制度の意味。経営陣や投資ファンドの運用担当者等に対して、不正発覚時に過去に支給した賞与を返還させたり、ファンド運用担当 … WebA clawback provision is a contractual clause typically included in employment contracts by financial firms, by which money already paid to an employee must be paid back to the employer under certain conditions. … bowtie2 performance

Clawback Clauses: Everything Your Business Needs To Know - Paycor

WebNov 25, 2024 · Like the SOX provision, the Dodd-Frank Act provision applies if there is an accounting restatement due to material non-compliance with financial reporting requirements. However, the clawback applies to all current and former executive officers of the issuer and extends to the three-year period prior to the date of the restatement. WebOct 3, 2016 · A clawback provision is likely to be an unenforceable penalty clause if it appears that the primary purpose of the clause is to disproportionately penalise the employee, rather than merely compensating the employer for the actual loss suffered by the employer in the event that an employee breaches the bonus arrangement. WebOct 12, 2024 · What is a Clawback Agreement? A clawback agreement is a specific provision within a legal contract that requires the return of money to an employer in the … bowtie2 multiple threads