Examples of Existing Policy in a sentence
To the extent that the application of this Policy would provide for recovery of Incentive-Based Compensation that the Company Group could also recover, or has previously recovered, from a Covered Executive pursuant to the Existing Policy, Section 304 of the Sarbanes-Oxley Act of 2002 or other recovery obligations, the amount such Covered Executive reimburses to, or has already reimbursed to, the Company Group will be credited to the required recovery under this Policy.
In the event of a Restatement, the terms of this Policy will be applied first and the Board may apply the terms of the Existing Policy in addition to, but not in lieu of, any recovery provided for under this Policy.
Ultimately, a motion was made to approve the Existing Policy and Guiding Principles document, which passed.