Common use of Claw Back Policy Clause in Contracts

Claw Back Policy. This Award (including any proceeds, gains or other economic benefit actually or constructively received by the Participant upon any receipt or exercise of any Award or upon the receipt or resale of any shares of Common Stock underlying the Award) shall be subject to the provisions of any claw-back policy implemented by the Company, Advisor or any of their respective Affiliates, as applicable, including, without limitation, any claw-back policy adopted to comply with the requirements of any federal or state laws and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy.

Appears in 12 contracts

Samples: Performance Stock Unit Award Agreement (Braemar Hotels & Resorts Inc.), Performance Stock Unit Award Agreement (Ashford Hospitality Trust Inc), Performance Stock Unit Award Agreement (Ashford Hospitality Trust Inc)

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Claw Back Policy. This Award (including any proceeds, gains or other economic benefit actually or constructively received by the Participant upon any receipt or exercise of any Award or upon the receipt or resale of any shares of Common Stock underlying the AwardLTIP Units) shall be subject to the provisions of any claw-back policy implemented by the Company, Advisor or any of their respective Affiliates, as applicable, including, without limitation, any claw-back policy adopted to comply with the requirements of any federal or state laws and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy.

Appears in 9 contracts

Samples: Performance Ltip Unit Award Agreement (Ashford Hospitality Trust Inc), Performance Ltip Unit Award Agreement (Braemar Hotels & Resorts Inc.), Performance Ltip Unit Award Agreement (Ashford Hospitality Trust Inc)

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Claw Back Policy. This Award (including any proceeds, gains or other economic benefit actually or constructively received by the Participant upon any receipt or exercise of any Award or upon the receipt or resale of any shares of Common Stock underlying the Award) shall be subject to the provisions of any claw-back policy implemented by the Company, Advisor Company or any of their respective its Affiliates, as applicable, including, without limitation, any claw-back policy adopted to comply with the requirements of any federal or state laws and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Ashford Inc.), Restricted Stock Award Agreement (Ashford Inc.)

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