Maximum Clawback Clause Samples
The Maximum Clawback clause sets a limit on the amount that can be reclaimed or recovered by one party from another, typically in the context of bonuses, incentives, or other financial benefits. In practice, this clause specifies a cap—such as a percentage of total compensation or a fixed dollar amount—beyond which no further funds can be clawed back, even if triggering events like misconduct or financial restatements occur. Its core function is to provide certainty and protect individuals or entities from unlimited financial exposure, ensuring that the risk of repayment is clearly defined and manageable.
Maximum Clawback. Notwithstanding anything contained in the Agreement, the Invest- ment Target Clawback cannot be negative or greater than the Ontario Support. Upon notice to the Recipient, interest shall accrue on the calculated amount in accordance with section 10.6.
Maximum Clawback. In no event will Company be required to pay more than the total amount of all City and State LEDA Funds that the Company actually receives, for all Clawbacks in the aggregate.
Maximum Clawback. In no event will Interfaith be required to pay more than the total amount of all LEDA Funds that Interfaith actually receives, for all Clawbacks in the aggregate.
Maximum Clawback. In no event will the Company be required to pay more than the total amount of all LEDA Funds that the Company receives from the County, for all Clawbacks in the aggregate.