Common use of Recovery of Incentive Compensation Clause in Contracts

Recovery of Incentive Compensation. This award of Restricted Stock Units and any cash or other compensation received by Participant pursuant to this award that constitutes incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment or clawback policy that the Company may adopt from time to time, including without limitation any policy that the Company may be required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Stock may be listed. Participant shall promptly return any such incentive-based compensation that the Company determines it is required to recover from Participant under any such policy.

Appears in 12 contracts

Samples: Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Directors Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)

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Recovery of Incentive Compensation. This award of Restricted Stock Units Performance Shares and any cash or other compensation received by the Participant pursuant to this award that constitutes constitute incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment or clawback policy or program that the Company may adopt from time to time, including including, without limitation limitation, any policy that the Company may be required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Stock may be listed. The Participant shall promptly return any such incentive-based compensation that the Committee determines the Company determines it is required to recover from the Participant under any such policy.

Appears in 10 contracts

Samples: Performance Share Award Agreement (Trustco Bank Corp N Y), Performance Share Award Agreement (Trustco Bank Corp N Y), Performance Share Award Agreement (Trustco Bank Corp N Y)

Recovery of Incentive Compensation. This award of Restricted Stock Units Award and any shares of Stock, cash or other compensation received by Participant pursuant to this award Award that constitutes constitute incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment or clawback policy that the Company may adopt from time to time, including without limitation any policy that the Company may be required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Stock may be listed. Participant shall promptly return any such incentive-based compensation that the Company determines it is required to recover from Participant under any such policy.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Trustco Bank Corp N Y), Incentive Stock Option Award Agreement (Trustco Bank Corp N Y), Incentive Stock Option Award Agreement (Trustco Bank Corp N Y)

Recovery of Incentive Compensation. This award Award of Restricted Stock Units and any cash or other compensation received by Participant pursuant to this award that constitutes incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment or clawback policy that the Company may adopt from time to time, including without limitation any policy that the Company may be required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Stock may be listed. Participant shall promptly return any such incentive-based compensation that the Company determines it is required to recover from Participant under any such policy.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y), Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)

Recovery of Incentive Compensation. This award of Restricted Stock Units Performance Shares and any cash or other compensation received by the Participant pursuant to this award that constitutes constitute incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment or clawback policy or program that the Company may adopt from time to time, including including, without limitation limitation, any policy that the Company may be has adopted or is required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Stock may be listed. The Participant shall promptly return any such incentive-based compensation that the Committee determines the Company determines it is required to recover from the Participant under any such policy.

Appears in 1 contract

Samples: Performance Share Award Agreement (Trustco Bank Corp N Y)

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Recovery of Incentive Compensation. This award Award of Restricted Stock Units and any cash or other compensation received by Participant pursuant to this award that constitutes incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment or clawback policy that the Company may adopt from time to time, including without limitation any policy that the Company may be has adopted or is required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Stock may be listed. Participant shall promptly return any such incentive-based compensation that the Company determines it is required to recover from Participant under any such policy.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)

Recovery of Incentive Compensation. This award Award of Restricted Stock Units Performance Shares and any cash or other compensation received by the Participant pursuant to this award Award that constitutes incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment recoupment, or clawback policy or program that the Company may adopt from time to time, including including, without limitation limitation, any policy that the Company may be has adopted or is required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Stock may be listed. The Participant shall promptly return any such incentive-based compensation that the Committee determines the Company determines it is required to recover from the Participant under any such policy.

Appears in 1 contract

Samples: Share Award Agreement (Trustco Bank Corp N Y)

Recovery of Incentive Compensation. This award Award of Restricted Stock Units and any cash or other compensation received by Participant pursuant to this award Award that constitutes incentive-based compensation may be subject to recovery by the Company under any compensation recovery, recoupment or clawback policy that the Company may adopt from time to time, including without limitation any policy that the Company may be has adopted or is required to adopt under Section 954 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the rules and regulations of the U.S. Securities and Exchange Commission thereunder or the requirements of any national securities exchange on which the Company’s shares of Common Stock may be listed. Participant shall promptly return any such incentive-based compensation that the Company determines it is required to recover from Participant under any such policy.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Trustco Bank Corp N Y)

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