Common use of Incentive Compensation Recoupment Clause in Contracts

Incentive Compensation Recoupment. In the event that the Executive receives an overcompensation amount as defined under the Parent’s Executive Incentive Compensation Recoupment Policy and as amended from time to time, the Executive agrees to repay such overcompensation amount to the Company and further agrees that any such required payment will constitute a debt due and owing to the Company, which debt may be set off against any payment the Company owes to the Executive under this Agreement.

Incentive Compensation Recoupment. In the event that the Executive receives an overcompensation amount as defined under the ParentCompany’s Executive Incentive Compensation Recoupment Policy and as amended from time to time, the Executive agrees to repay such overcompensation amount to the Company and further agrees that any such required payment will constitute a debt due and owing to the Company, which debt may be set off against any payment the Company owes to the Executive under this Agreement.