Examples of Affected Officer in a sentence
The Committee shall take reasonable steps to inform Affected Officers of this Policy and obtain their agreement to this Policy, which steps may constitute the inclusion of this Policy as an attachment to any award that is accepted by the Affected Officer.
For purposes of clarity, in no event shall the Company be required to award any Affected Officers an additional payment or other compensation if the Restatement would have resulted in the grant, payment or vesting of Incentive Compensation that is greater than the Incentive Compensation actually received by the Affected Officer.
This Policy shall apply to all Incentive Compensation received by an Affected Officer on or after October 2, 2023 (the “Effective Date”), to the extent permitted or required by applicable law or the rules of the Exchange.
To the extent permitted by applicable law, the Committee may, in its discretion, seek recoupment from the Affected Officer(s) through any means it determines, which may include any of the following sources: (i) prior Incentive Compensation payments; (ii) future payments of Incentive Compensation; (iii) cancellation of outstanding Incentive Compensation; (iv) direct repayment; and (v) non-Incentive Compensation or securities held by the Affected Officer.
For the avoidance of doubt, each Affected Officer will be fully bound by, and must comply with, the Policy, whether or not such Affected Officer has executed and returned such Acknowledgment and Agreement to the Company.