Common use of Malus Clause in Contracts

Malus. In the event of any circumstances which (a) would lead the Participant receiving or being eligible to receive an unfair benefit, or (b) the Committee determines in its absolute discretion that a reduction or clawback of the Options is otherwise warranted, the Committee may, in its absolute discretion:

Appears in 2 contracts

Sources: Business Combination Agreement (PropertyGuru Group LTD), Business Combination Agreement (Bridgetown 2 Holdings LTD)

Malus. In the event of any circumstances which (a) would lead the Participant receiving or being eligible to receive an unfair benefit, or (b) the Committee determines in its absolute discretion that a reduction or clawback of the Options RSUs is otherwise warranted, the Committee may, in its absolute discretion:

Appears in 1 contract

Sources: Business Combination Agreement (Bridgetown 2 Holdings LTD)