Common use of Compensation Recovery (Clawback) Clause in Contracts

Compensation Recovery (Clawback). Any amounts of compensation paid or awarded to you under this Agreement shall be subject to compensation recovery (clawback) to the extent required by applicable law or regulations in the event the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirements under the securities laws and the amounts received based on erroneous data were in excess of what would have been received by you had such noncompliance not occurred.

Appears in 3 contracts

Samples: Executive Employment Agreement (Solera Holdings, Inc), Executive Employment Agreement (Solera Holdings, Inc), Executive Employment Agreement (Solera Holdings, Inc)

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Compensation Recovery (Clawback). Any amounts of compensation paid or awarded to you under this Agreement shall be subject to compensation recovery (clawback) to the extent required by applicable law or regulations in the event the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirements under the securities laws and the amounts received based on erroneous data were was in excess of what would have been received by you had such noncompliance not occurred.

Appears in 3 contracts

Samples: Employment Agreement (Tronox Holdings PLC), Employment Agreement (Tronox Holdings PLC), Executive Employment Agreement (Solera Holdings, Inc)

Compensation Recovery (Clawback). Any amounts of compensation paid or awarded to you received under this Agreement shall be subject to compensation recovery (clawback) to the extent required by applicable law or regulations in the event the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirements under the securities laws and the amounts received hereunder based on erroneous data were was in excess of what would have been received by you had such noncompliance not occurred.

Appears in 2 contracts

Samples: Performance Share Unit Grant Agreement (Solera Holdings, Inc), Performance Share Unit Grant Agreement (Solera Holdings, Inc)

Compensation Recovery (Clawback). Any amounts of compensation paid or awarded to you the Executive under this Agreement shall be subject to compensation recovery (clawback) to the extent required by applicable law or regulations in the event the Company Employer is required to prepare an accounting restatement due to the material noncompliance of the Company Employer with any financial reporting requirements under the securities laws and the amounts received based on erroneous data were was in excess of what would have been received by you the Executive had such noncompliance not occurred.

Appears in 1 contract

Samples: Executive Employment Agreement (Hershey Co)

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Compensation Recovery (Clawback). Any amounts of compensation paid or awarded to you the Executive under this Agreement shall be subject to compensation recovery (clawback) to the extent required by applicable law or regulations in the event the Company Employer is required to prepare an accounting restatement due to the material noncompliance of the Company Employer with any financial reporting requirements under the securities laws and the amounts received based on erroneous data were was in excess of what would have been received by you the Executive had such noncompliance not occurred. 10 16.

Appears in 1 contract

Samples: Employment Agreement

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