Global Incentive Clawback Clause Samples

Global Incentive Clawback. In the event that during the Term of this Agreement, and for a period of two (2) years after termination of this Agreement, Company is required to restate its financial statements due to a material non-compliance with any applicable financial reporting requirement or securities law as determined by the Company’s Board of Directors, Company shall have the right, exercisable in its sole discretion, to review the amount of cash compensation paid to Executive pursuant to Sections 2.1 and 2.2 herein and the amount of unvested equity compensation granted to Executive pursuant to Executive’s existing grants of stock options and RSUs (collectively, “Compensation”) during the period of time encompassed by the restatement, provided, however, that this look-back period shall be no longer than two (2) years, and recalculate Executive’s Compensation for the look-back period based upon the restated financial statements. If, pursuant to this review and recalculation, the amount of Compensation that the Company would have paid under the restated financial statements for the look-back period is less than the actual amount of Compensation that was paid to Executive during the look-back period, Executive shall repay the difference to Company in a time and manner mutually agreed to between Company and Executive.