Common use of Company Clawback Policy Clause in Contracts

Company Clawback Policy. Notwithstanding any provision of the Plan or this Agreement to the contrary, the Corporation may require the Participant to return shares of Stock (or the value of such Stock when originally released to Participant), cash paid to the Participant upon settlement of the Performance Units, cash paid from the Dividend Account and any other amount required by law to be returned, in the event that such repayment is required in order to comply with the Corporation’s clawback policy as then in effect or any laws or regulations relating to restatements of the Corporation’s publicly-reported financial results.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Science Applications International Corp), Performance Retention Award Agreement (Engility Holdings, Inc.), Performance Unit Award Agreement (Engility Holdings, Inc.)

AutoNDA by SimpleDocs

Company Clawback Policy. Notwithstanding any provision of the Plan or this Agreement to the contrary, the Corporation may require the Participant to return shares of Stock (or the value of such Stock when originally released to Participant), cash paid to the Participant upon settlement of the Performance Units, cash dividends paid from the Dividend Account and any other amount required by law to be returned, in the event that such repayment is required in order to comply with the Corporation’s clawback policy as then in effect or any laws or regulations relating to restatements of the Corporation’s publicly-reported financial results.

Appears in 1 contract

Samples: Performance Share Award Agreement (Engility Holdings, Inc.)

AutoNDA by SimpleDocs

Company Clawback Policy. Notwithstanding any provision of the Plan or this Agreement to the contrary, the Corporation may require the Participant to return shares of Stock (or the value of such Stock when originally released to Participant), cash paid to the Participant upon settlement of the Performance Units, cash paid from the Dividend Account and any other amount required by law to be returned, in the event that such repayment is required in order to comply with the Corporation’s clawback policy as then in effect or any laws or regulations relating to restatements of the Corporation’s publicly-reported financial results. 13.

Appears in 1 contract

Samples: Performance Plan Performance Unit Award Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.