Common use of Recovery of Bonus and Incentive Compensation Clause in Contracts

Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 87 contracts

Samples: Letter Agreement, Securities Purchase Agreement (Premier Financial Bancorp Inc), Securities Purchase Agreement (Premier Financial Bancorp Inc)

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Recovery of Bonus and Incentive Compensation. Any bonus and and/or incentive compensation paid to you during a CPP Covered Period (including any bonus and/or incentive compensation considered to have been paid to you during a CPP Covered Period pursuant to 31 C.F.R. § 30.6 (as in effect on the Closing Date)) is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 11 contracts

Samples: Securities Purchase Agreement (First Citizens Banc Corp /Oh), Letter Agreement (First Citizens Banc Corp /Oh), Letter Agreement (First Citizens Banc Corp /Oh)

Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or "clawback" by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 10 contracts

Samples: Securities Purchase Agreement (Community West Bancshares /), Securities Purchase Agreement (Community West Bancshares /), Securities Purchase Agreement (Monadnock Bancorp Inc)

Recovery of Bonus and Incentive Compensation. Any bonus and and/or incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 6 contracts

Samples: Participation Agreement (Community Partners Bancorp), Participation Agreement (Valley National Bancorp), Securities Purchase Agreement (Central Jersey Bancorp)

Recovery of Bonus and Incentive Compensation. Any bonus and bonus, retention award or incentive compensation paid to you during a the CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on statements of earnings, revenues, gains, or other criteria that are later found to be materially inaccurate financial statements or any other materially inaccurate performance metric criteriainaccurate.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Community First Inc), Securities Purchase Agreement (Community First Inc), Securities Purchase Agreement (Community First Inc)

Recovery of Bonus and Incentive Compensation. Any bonus and and/or incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 4 contracts

Samples: Retirement Benefits Agreement (Park National Corp /Oh/), Retirement Benefits Agreement (Park National Corp /Oh/), Retirement Benefits Agreement (Park National Corp /Oh/)

Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria. You agree to return promptly any such bonus and incentive compensation identified to you by the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Coastal Banking Co Inc), First Security Group Inc/Tn

Recovery of Bonus and Incentive Compensation. Any bonus and and/or incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on statements of earnings, revenues, gains or other criteria that are later found to be materially inaccurate financial statements or any other materially inaccurate performance metric criteriainaccurate.

Appears in 2 contracts

Samples: Participation Agreement (1st Constitution Bancorp), Participation Agreement (1st Constitution Bancorp)

Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria. You agree that you will repay us any such amounts within 90 days of our notice to you that any such compensation subject to recovery has been paid to you.

Appears in 2 contracts

Samples: WSFS Financial Corp, Parke Bancorp, Inc.

Recovery of Bonus and Incentive Compensation. Any bonus bonus, retention award and incentive compensation paid to you an Employee during a the CPP Covered Participation Period is subject to recovery or “clawback” by the Company Employers if the payments were based on statements of earnings, revenues, gains or other criteria that are later found to be materially inaccurate financial statements or any other materially inaccurate performance metric criteriainaccurate.

Appears in 1 contract

Samples: Employment Agreements (Mercantile Bank Corp)

Recovery of Bonus and Incentive Compensation. Any bonus and or incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company FNB United if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Letter Agreement (FNB United Corp.)

Recovery of Bonus and Incentive Compensation. Any bonus and and/or incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company Company, and you agree to such recovery or clawback, if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Participation Agreement (1st Constitution Bancorp)

Recovery of Bonus and Incentive Compensation. Any bonus and or incentive compensation paid payments to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Letter Agreement (Sterling Bancorp)

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Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or "clawback" by the Company Bank if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Securities Purchase Agreement (Four Oaks Fincorp Inc)

Recovery of Bonus and Incentive Compensation. Any bonus and and/or incentive compensation paid to you during a CPP Covered Period is subject to recovery or "clawback" by the Company if the payments were based on statements of earnings, revenues, gains or other criteria that are later found to be materially inaccurate financial statements or any other materially inaccurate performance metric criteriainaccurate.

Appears in 1 contract

Samples: SBT Bancorp, Inc.

Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company Capital Bank if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Capital Bank Corp

Recovery of Bonus and Incentive Compensation. Any bonus and or incentive compensation paid to you during a CPP Covered Period is shall be subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Securities Purchase Agreement (Zions Bancorporation /Ut/)

Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a the CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Securities Purchase Agreement (Lakeland Bancorp Inc)

Recovery of Bonus and Incentive Compensation. Any bonus and any incentive compensation paid to you during a the CPP Covered Period is will be subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Securities Purchase Agreement (S&t Bancorp Inc)

Recovery of Bonus and Incentive Compensation. Any bonus and or incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria, within the meaning of and to the extent required by Section 111(b)(2)(B) of EESA.

Appears in 1 contract

Samples: Officer Agreement (Fidelity Southern Corp)

Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company Company, pursuant to the Company’s clawback policy, if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wintrust Financial Corp)

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