Claw-back definition

Claw-back means a recovery of value by the Company from a Participant in accordance with the provisions of Rule 15 (Claw-back) and Appendix 1 (Operation of Claw-back);

Claw-back means a recovery of value by the Company from a Participant in accordance with the provisions of Rule 12 (Malus and Claw-back) and Appendix 1 (Operation of Malus and Claw-back);

Claw-back means the claw back right of the Company pursuant to clause 4.10; Committee: the Compensation Committee of the Supervisory Board;

Examples of Claw-back in a sentence

• This grant is subject to the terms of the Company’s Claw Back Policy, as it may be amended, modified, superseded or replaced from time to time.

• The Internal Audit Function, even upon request of the HR B.U. or the Chief Executive Officer, carries out the necessary investigations to establish the facts that may lead to the activation of Malus and Claw Back mechanisms.

• The Applicant acknowledges that it has been provided with a copy of the Uniform Tax Exemption Policy, Attachment A, being the Uniform Modification of Real Property Tax Abatement AND Claw Back Penalty for Failure to Meet Employment Levels.

• The Board of Directors retains the authority to make retroactive adjustments to an Incentive Compensation payment made under the Plan in accordance with the provisions regarding Recovery of Payments (Claw Back) in Exhibit A.

• Notwithstanding the foregoing, for any Interest due but unpaid the Record Date specified in Clause 7(a) shall apply and for any partial redemption in accordance with Clause 9.4 ( Voluntary partial redemption upon an Equity Claw Back (call option)) due but not made, the Record Date specified in Clause 9.4(b) shall apply.

More Definitions of Claw-back

Claw-back means the net Total Contact Value of any Customer Contract, which is subsequently terminated by either party without the payment of the full Total Contract Value and in such case the net Total Contract Value, being the amount to be deducted from Total Contract Value for the purpose of calculating Bookings, shall be equal to the unpaid amount of the Total Contract Value, which was previously credited to Bookings with respect to such Customer Contract.

Claw-back means the claw back right of the Company pursuant to clause 3.10. Committee: the Remuneration Committee of the Supervisory Board. Control: means (i) the possession, directly or indirectly, of the majority of the outstanding shares in the capital of the Company, or (ii) the ability, directly or indirectly, to vote on the majority of the outstanding shares in the capital of the Company or (iii) the ability, directly or indirectly, to appoint the majority of the members of the Executive Board and/or the Supervisory Board.

Claw-back means a contractual agreement between the Grantee and the Company, being evidenced on the acceptance of the Grant, in which case the Grantee shall relinquish any benefit that accrued to or return any benefit that is received by such Grantee to the Company (directly / indirectly) under circumstances specified at the time of Grant of Options.

Claw-back means the process by which the Company recovers PolkaDot Reward Points that were awarded prior to product returns and/or refunds issued to a Referred Member. When a product is returned to the Company’s warehouse, the awards will be “clawed back” or removed from the Member’s Account to reflect the actual balance.

Claw-back means the repayment of value by a Participant to the Company (or another Participating Company) in accordance with the provisions of Rule 3A and Appendix 1;

Claw-back means any formal or informal claw back, reversal, revision or recapture, including in the form of an income inclusion, in respect of (i) a refund or repayment of Taxes in respect of any period or part of a period ending on or prior to the Closing Date, (ii) a Tax Facility used or applied in respect of any period or part of a period ending on or prior to the Closing Date or (iii) a deduction or depreciation for income Tax purposes taken in respect of any period or part of a period ending on or prior to the Closing Date.

Claw-back. : means the contractual mechanism that permits the possible return, even in part, of the Shares allocated pursuant to the Plan.