Clawback Provision definition

Clawback Provision means a term of an Award under which an Award may or shall be canceled, forfeited, reduced, or subject to recovery by the Company, whether or not the Award has been vested, distributed, or paid. For the avoidance of doubt, any Award granted under the Plan may include one or all of the clawback provisions described in Section 2.02 of the DIRAP.
View Source
Clawback Provision means any provision of any annual bonus, Bonus Plan, LT Award, or LT Award plan providing for or requiring recovery from a Participant by the Company or other member of the Company Group of any amount paid or securities issued to the Participant.
View Source
Clawback Provision means a term of an Award under which an Award may or shall be canceled, forfeited, reduced, or subject to recovery by the Company, whether or not the Award has been vested, distributed, or paid.
View Source

Examples of Clawback Provision in a sentence

  • The Award and any amount or benefit received under the Plan shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Company’s Clawback Provision Policy as amended from time to time or any other applicable Company clawback policy (the “Policy”) or any applicable law, as may be in effect from time to time.

  • Accordingly, to the extent of any inconsistency between this Policy and of the ▇▇▇▇-▇▇▇▇▇ Clawback Provision, the ▇▇▇▇-▇▇▇▇▇ Clawback Provision shall prevail.

  • This Agreement, the RSUs and any Shares received under this Agreement, and any amount or benefit received under the Plan shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Company’s Clawback Provision Policy as amended from time to time or any other applicable Company or Subsidiary clawback policy (the “Policy”) or any applicable law, as may be in effect from time to time.

  • Please bear in mind the deadline to take and pass the corresponding examinations for ChFC01/DPFP01 - ChFC07 as there is a Clawback Provision involved for each module.

  • Clawback Provision..............................................................................

  • No recovery of compensation under any Clawback Provision or otherwise, including under the Policy, will be an event that triggers or contributes to any right of a Participant to resign for “good reason” or “constructive termination” (or similar term) under any agreement with the Company or a Subsidiary or Parent of the Company.

  • The Award and any amount or benefit received under the Plan shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Company’s Clawback Provision Policy as amended from time to time and/or any other applicable Company clawback policy (the “Policy”) or any applicable law, as may be in effect from time to time.

  • Candidates are strongly encouraged to take note of the deadline to take and pass the examination for ChFC01/DPFP01 as there is a Clawback Provision involved.

  • In recognition of a good faith dispute as to the meaning, intent and administration of the Clawback Provision, you and the Company agree that your agreement to the Revised Separation Date and consequent forfeiture of the November Vestings shall constitute full satisfaction of the Parties’ rights and obligations with respect to the Clawback Provision.

  • In the event that Acquisition fails to generate an AGS Adjusted Gross Profit equal to the 2013 AGP Target, WidePoint shall be entitled to a reduction in the principal amount of the Three Million Dollar Note Payable of up to $1.5 Million, as calculated using the 2012 Clawback Provision calculation methodology and the 2013 Clawback Provision key measurement target values.


More Definitions of Clawback Provision

Clawback Provision means Finance ▇▇▇ ▇▇▇▇ Section 111; Finance ▇▇▇ ▇▇▇▇ Section 113; Finance ▇▇▇ ▇▇▇▇ Schedule 35 paragraph 3; Schedule 35 paragraph 4; Finance ▇▇▇ ▇▇▇▇ Schedule 7 paragraph 3; Finance ▇▇▇ ▇▇▇▇ Schedule 7 paragraph 4(7); Finance ▇▇▇ ▇▇▇▇ Schedule 7 paragraph 9; and Finance ▇▇▇ ▇▇▇▇ Schedule 7 paragraph 11; and
View Source
Clawback Provision has the meaning given to it in paragraph 12 of Schedule 5;
View Source
Clawback Provision means FA 2002 Section 111; FA 2002 Section 113; FA 2002 Schedule 35 paragraph 3; Schedule 35 paragraph 4; FA 2003 Schedule 7 paragraph 3; FA 2003 Schedule 7 paragraph 4(7); FA 2003 Schedule 7 paragraph 9; and FA 2003 Schedule 7 paragraph 11;
View Source
Clawback Provision means a provision sometimes included in an economic development agreement whereby the local governmental entity may require the developer to pay back part or all of an incentive if the developer fails to satisfy specified commitments (such as a commitment to create a minimum number of jobs) made in the economic development agreement.
View Source

Related to Clawback Provision

  • Clawback Policy is defined in Section 14.

  • 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;

  • Clawback Period means, with respect to any Accounting Restatement, the three completed fiscal years of the Company immediately preceding the Restatement Date (as defined below), and if the Company changes its fiscal year, any transition period of less than nine months within or immediately following those three completed fiscal years.

  • Clawback Amount has the meaning set forth in Section 6.05.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).