Incentive Compensation Recoupment. (a) In the event of a restatement of the Partnership’s (or any of its Subsidiaries’) financial results that would reduce (or would have reduced) the amount of any previously awarded Phantom Units to Grantee, any related outstanding Phantom Units will be cancelled or reduced accordingly as determined by the Board or Committee in its sole and absolute discretion. For Phantom Units that have been paid, the Grantee shall be obligated and required to pay over to the Partnership an amount equal to any gain realized by Grantee in respect of such Phantom Units.
Appears in 11 contracts
Samples: Long Term Incentive Plan (CVR Partners, Lp), Long Term Incentive Plan (CVR Energy Inc), Term Incentive Plan (CVR Partners, Lp)
