Clawback definition

Clawback means the obligation to repay amounts to a Member of the CFG Group by an individual in accordance with rule 4 as the Committee considers appropriate;

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Clawback means a remedial action taken by ODSA to seek reimbursement from the Award Recipient for all or a portion of the award funds pursuant to the terms of the award agreement.

Clawback means a contractual agreement between the employee and the Company in which the employee agrees to return previously paid or vested remuneration to the Company under certain circumstances.

Examples of Clawback in a sentence

• Any action by the Company to recover erroneously awarded compensation under the Clawback Policy from you shall not, whether alone or in combination with any other action, event or condition, be deemed (i) a Good Reason condition (as defined in the Severance Plan) or serve as a basis for a claim of constructive termination under any benefits or compensation arrangement applicable to you, or (ii) to constitute a breach of a contract or other arrangement to which you are a party.

• Participant’s rights with respect to this Award shall in all events be subject to the publicly filed Clawback Policy of Maravai LifeSciences Holdings, Inc.

• You acknowledge that you may become subject to the Company’s Compensation Recovery Policy, adopted pursuant to Rule 10D-1 promulgated under the Securities Exchange Act of 1934 and Nasdaq Rule 5608, or any successor rule (the “Clawback Policy”) pursuant to which the Company and/or the Board shall be entitled to recover all erroneously awarded compensation as set forth in the Clawback Policy from you pursuant to such means as the Company and/or the Board may elect.

• Company’s Clawback Policy and Executive’s acknowledgement of Company’s Clawback Policy are attached as EXHIBIT C to this Agreement.

• Executive Director acknowledges that he has received and executed the Company’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and Clawback Policy .

More Definitions of Clawback

Clawback shall have the meaning set forth in Section 4(b).

Clawback means the reduction of elements of an individual’s compensation and/or the obligation to repay amounts to a Group Member by an individual in accordance with Rule 13 (Malus and Clawback) in such manner and for such amounts as the Committee determines to be appropriate;

Clawback means the repayment part of the Grant as a result of the Project not achieving the Project Outputs and Project Outcomes, as provided for by clause 11 and Schedule 4;

Clawback means an obligation to repay the amounts referred to in Rule 16.4 (Amount to be subject to Clawback);

Clawback means where Incentive Remuneration has already vested, been settled, paid or otherwise made available, a Trigger Event which indicates an error in the calculation of an employee’s remuneration is discovered and the Board seeks to fulfill its fiduciary duty to shareholders by invoking its discretion to seek recoupment of an Incentive Remuneration Amount;

Clawback means an obligation by a grantee to repay a part or all of a grant for a failure to meet benchmark employment, cessation of operations in the State, or other terms contained in the grant agreement.

Clawback means a clawback payable to the Commissioners under any pro- vision of the Principal Act;