Executive Financial Recoupment Program. Xxxxxxxx agrees to establish and maintain throughout the term of this CIA a financial recoupment program Indivior Corporate Integrity Agreement that puts at risk of forfeiture and recoupment an amount equivalent to up to two years of annual performance pay for a Covered Executive who is discovered to have been involved in any significant misconduct (Executive Financial Recoupment Program). The specific terms and conditions of the Executive Financial Recoupment Program are described in Appendix C to this CIA.
Executive Financial Recoupment Program. Within 150 days after the Effective Date of the CIA, Mallinckrodt shall establish a financial recoupment program that puts at risk of forfeiture and recoupment an amount equivalent to up to three years of annual performance pay (including Cash and Equity Awards, as defined below) for any Covered Executive (as defined below) who is the subject of an Affirmative Recoupment Determination (as defined below). This program shall be known as the Executive Financial Recoupment Program. This recoupment program shall apply to Covered Executives who, at the time of a Recoupment Determination, are either current Mallinckrodt employees or became former Mallinckrodt employees at any time 150 days or more after the Effective Date of the CIA.. Within 150 days after the Effective Date of the CIA, Mallinckrodt shall establish policies and procedures (and modify employment and other contracts as necessary) to provide that incentive awards, bonuses, and other similar awards on an after tax/net basis (collectively “Cash Awards”) for each Covered Executive is at risk of forfeiture in the event of Significant Misconduct that is discovered by Mallinckrodt before the Cash Award is paid. In the event of Significant Misconduct by any Covered Executive, Mallinckrodt shall also reserve the right and full discretion to void and forfeit any unvested stock options, unvested stock appreciation rights, unvested deferred share units, and other unvested rights to receive company common stock (collectively, “Equity Awards”). If Mallinckrodt discovers any Significant Misconduct that would implicate the forfeitures described in this Paragraph by a Covered Executive, it shall evaluate the situation in accordance with the process outlined below and determine whether any forfeiture, and the terms of such forfeiture, shall be implemented. Within 150 days after the Effective Date of the CIA, Mallinckrodt shall modify and supplement the annual bonus plans applicable to Covered Executives (and any employment agreements, as appropriate) by imposing the eligibility and recoupment conditions described below on future Cash Awards and Equity Awards and making the additional remedies discussed below applicable to all U.S.- based Executive Vice Presidents and the Chief Executive Officer (collectively, “Covered Executives”). Mallinckrodt shall implement policies and procedures and, as necessary, shall modify contracts with Covered Executives so that, beginning no later than calendar year 2022, Cash Awards and...
Executive Financial Recoupment Program. 20. The Company, PENTAX Global President, and PENTAX Global Chief Financial Officer agree to establish an executive financial recoupment program that requires (a) Company executives or (b) PENTAX Global executives who engage in misconduct within the scope of this Agreement, or whose failure to effectively supervise or promote compliance contributes to misconduct within the scope of this Agreement, to forfeit up to three years of their annual performance pay.
Executive Financial Recoupment Program. 33. The Company agrees to establish an executive financial recoupment program that requires Company executives who engage in misconduct within the scope of this Agreement, or whose failure to effectively supervise or promote compliance contributes to misconduct within the scope of this Agreement, to forfeit up to three years of their annual performance pay. The terms of the executive financial recoupment program shall be reviewed by the Monitor and shall be subject to Monitor approval.
Executive Financial Recoupment Program. Xxxx agrees to establish and maintain throughout the term of this CIA a financial recoupment program that, as described in Appendix C, puts at risk of forfeiture and recoupment an amount equivalent to up to three years of annual performance pay for an executive who is discovered to have been involved in any significant misconduct (Executive Financial Recoupment Program). The specific terms and conditions of the Executive Financial Recoupment Program are described in Appendix C to this CIA.
Executive Financial Recoupment Program. ABC agrees to establish and maintain throughout the term of this CIA a financial recoupment program that puts at risk of forfeiture and recoupment an amount equivalent to up to 3 years of annual performance pay for an executive who is discovered to have been involved in any significant misconduct (Executive Financial Recoupment Program). The specific terms and conditions of the Executive Financial Recoupment Program are described in Appendix C to this CIA.
Executive Financial Recoupment Program. Within 90 after the Effective Date, CVS Health shall establish a financial recoupment program as outlined in Appendix C to this CIA, which is incorporated by reference, that puts at risk of forfeiture and recoupment an amount equivalent to up to three years of incentive compensation (e.g., annual performance pay, annual bonuses, and long-term incentives) for a Covered Executive, as defined in Appendix C, who is discovered to have been involved in any significant misconduct or who had responsibility for subordinates who were involved in any significant misconduct (“Executive Financial Recoupment Program”). CVS Health shall maintain the Executive Financial Recoupment Program consistent with the specific terms and conditions of Appendix C for the term of the CIA. The Executive Financial Recoupment Program shall apply both to Covered Executives who are current CVS Health employees and to Covered Executives who are former CVS Health employees at the time of a Recoupment Determination, as defined in Appendix C.
Executive Financial Recoupment Program. Sandoz agrees to establish and maintain throughout the term of this CIA a financial recoupment program that puts at risk of forfeiture and recoupment an amount equivalent to up to three years of annual performance pay for an executive who is discovered to have been involved in any significant misconduct (Executive Financial Recoupment Program). The specific terms and conditions of the Executive Financial Recoupment Program are described in Appendix C to this CIA.
Executive Financial Recoupment Program. All bonuses and equity awards provided for under this Agreement are subject to Par’s Executive Financial Recoupment Program (found at Exhibit D to Par Pharmaceutical Companies, Inc.’s Corporate Integrity Agreement).
Executive Financial Recoupment Program. Within 150 days after the Effective Date, Mallinckrodt shall establish and maintain throughout the term of this CIA an Executive Financial Recoupment Program consistent with the terms and conditions described in Appendix C to this CIA.
