Common use of Clawback Acknowledgement Clause in Contracts

Clawback Acknowledgement. Grantee hereby acknowledges that he has received a copy of the FelCor Lodging Trust Incorporated 2014 Equity Compensation Plan (the “Plan”) and has previously reviewed the “clawback” policy adopted by the Committee (including any modification, supplement, amendment or successor thereto, the “Clawback Policy”). Grantee acknowledges that he understands that his right to receive or keep compensation paid under this Agreement may be forfeited under circumstances contemplated by the Clawback Policy, to the extent applicable to him, and he hereby consents to forfeiture of such compensation under such circumstances as contemplated by the Clawback Policy.

Appears in 4 contracts

Samples: Equity Grant Agreement (FelCor Lodging Trust Inc), Equity Grant Agreement (FelCor Lodging LP), Performance Equity Grant Agreement (FelCor Lodging LP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!