Examples of Recoupment in a sentence
B3.2 Awards are subject to applicable taxes, the JPMorgan Chase Bonus Recoupment Policy and to the terms and conditions of Award Agreements, which will include recovery provisions, non-solicitation and similar covenants.
Recoupment is required regardless of whether the Covered Officer engaged in any misconduct and regardless of fault, and the Company’s obligation to recoup Recoverable Incentive Compensation is not dependent on whether or when any restated financial statements are filed.
The board of directors (the “Board”) of Abivax SA, a société anonyme incorporated under the laws of France (the “Company”), has determined that it is in the best interests of the Company and its shareholders to adopt this Incentive Compensation Recoupment Policy (this “Policy”) providing for the Company’s recoupment of Recoverable Incentive Compensation that is received by Covered Officers of the Company under certain circumstances.
This Clawback Policy applies to all executive officers (diretores estatutários) of the Company (current or former) (as defined under Rule 16a-1(f) of the Exchange Act) who received Excess Incentive Compensation (as defined below) during the Recoupment Period (as defined below) (such individuals, the “Executive Officers”).
The Company's Recoupment Policy for Incentive Compensation, as may be amended from time to time, shall apply to the Performance Stock Units, any Shares delivered hereunder and any profits realized on the sale of such Shares to the extent that the Participant is covered by such policy.