Incentive Compensation Recoupment. (a) In the event of a restatement of the Company’s (or any of its Subsidiaries’) financial results that would reduce (or would have reduced) the amount of any previously awarded Incentive Units to Grantee, any related outstanding Incentive Units will be cancelled or reduced accordingly as determined by the Board or Committee in its sole and absolute discretion. For Incentive Units that have been paid, the Grantee shall be obligated and required to pay over to the Company an amount equal to any gain realized by Grantee in respect of such Incentive Units.
Appears in 5 contracts
Samples: Incentive Unit Agreement (CVR Energy Inc), Incentive Unit Agreement (CVR Energy Inc), Incentive Unit Agreement (CVR Energy Inc)
