Common use of Compensation Recovery (Clawback) Clause in Contracts

Compensation Recovery (Clawback). In the event that Recipient is subject to the Company’s Compensation Recovery Policy, as such policy may be amended from time to time (the “Compensation Recovery Policy”), notwithstanding anything in this Performance Share Award Agreement to the contrary, any Performance Shares granted, or Common Stock attributable to a Performance Share, hereunder shall be subject to the terms and conditions of the Compensation Recovery Policy.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Health Net Inc), Performance Share Award Agreement (Health Net Inc)

AutoNDA by SimpleDocs

Compensation Recovery (Clawback). In the event that Recipient is subject to the Company’s Compensation Recovery Policy, as such policy may be amended from time to time (the “Compensation Recovery Policy”), notwithstanding anything in this Performance Share Award Agreement to the contrary, any Performance Shares granted, or Common Stock attributable to a Performance Share, granted hereunder shall be subject to the terms and conditions of the Compensation Recovery Policy.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Health Net Inc), Form of Performance Share Award Agreement (Health Net Inc)

AutoNDA by SimpleDocs

Compensation Recovery (Clawback). In the event that Recipient is subject to the Company’s Compensation Recovery Policy, as such policy may be amended from time to time (the “Compensation Recovery Policy”), notwithstanding anything in this Performance Share Award Agreement to the contrary, any Performance Shares granted, or Common Stock attributable to a Performance Share, hereunder shall be subject to the terms and conditions of the Compensation Recovery Policy. In addition, any Performance Shares granted, or Common Stock attributable to a Performance Share, shall be subject to the terms of any other claw-back policy implemented by the Company in accordance with Section 8.16 of the Plan.

Appears in 1 contract

Samples: Performance Share Award Agreement (Health Net Inc)

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