Claw Back of Compensation. Executive agrees to repay promptly, at the written request of Employer, any compensation (including incentive compensation) previously paid or otherwise made available to Executive, under this Agreement or any other agreement or arrangement with Company or Bank, which is subject to recovery under any law, rule, or regulation (including any rule of any exchange on which any securities of Company are listed or traded). Executive agrees to repay promptly any such compensation identified by Company or Bank. If Executive fails to repay any such compensation promptly, Executive agrees that the amount of such compensation may be deducted from any and all other compensation owed to Executive under this Agreement or otherwise. Executive acknowledges that Employer may take appropriate disciplinary action (up to, and including, termination of Executive’s employment for Cause) if Executive fails to promptly repay any such compensation.
Appears in 5 contracts
Samples: Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.)
