Claw-Back of Award. The Participant understands and agrees that to the extent required by the Bank to comply with regulatory guidance concerning incentive compensation arrangements, the benefits awarded under this Agreement are subject to reduction, recovery, or “claw-back” by the Bank as necessary for the Bank to ensure that such benefits are appropriately balanced to take into account the risk the Participant’s activities may pose to the Bank under safety and soundness concerns.
Appears in 5 contracts
Samples: Deferred Cash Incentive Agreement (Cf Bankshares Inc.), Deferred Cash Incentive Agreement (Cf Bankshares Inc.), Deferred Cash Incentive Agreement (Cf Bankshares Inc.)
