Pay Recovery Sample Clauses

Pay Recovery. Where an employee has been overpaid, the Employer will advise the appropriate pay office and will, before recovery action has been commenced, advise the employee in writing of the amount of the overpayment and the intention of the Employer to recover the overpayment. Where the overpayment has occurred and at the request of the employee, the recovery of the overpayment shall be extended over a number of pay periods at a normal recovery rate of ten per cent (10%) of the gross salary entitlement of the employee for a pay period. However, in extenuating circumstances, the Employer may authorize a lower recovery rate at the employee’s request or a higher rate of recovery may be applied at the request of the employee.

Pay Recovery. By accepting these Terms and Conditions, the Participant agrees and acknowledges that this Award shall be subject to the requirements of the S&P Global Inc. Financial Statement Compensation Recoupment Policy, the Senior Executive Pay Recovery Policy of S&P Global and/or the S&P Ratings Services Pay Recovery Policy (as applicable, the “Policy”) and all shares of Stock or other amounts paid or payable to the Participant under or in respect of the Award shall, if applicable, be subject to reduction, cancellation, recovery, recoupment, forfeiture or other action pursuant to and as, and to the extent, provided by the applicable Policy (or any successor policy or requirement), as in effect from time to time or any other policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or other applicable laws.

Pay Recovery. By accepting these Terms and Conditions, the Participant agrees and acknowledges that this Award shall be subject to the requirements of the Senior Executive Pay Recovery Policy of S&P Global or the S&P Ratings Services Pay Recovery Policy (as applicable, the “Policy”) and all shares of Stock or other amounts paid or payable to the Participant under or in respect of the Award shall, if applicable, be subject to recovery or other action pursuant to and as, and to the extent, provided by the applicable Policy (or any successor policy or requirement), as in effect from time to time.

Pay Recovery. 34.01 Where an employee, through no fault of his/her own, has been over-paid, the Employer will, before recovery action is implemented, advise the employee in writing of the amount overpaid and the intentions of the Employer to recover the overpayment. Prior to said recovery the Employer shall discuss the recovery schedule with the employee.

Pay Recovery. Recovery of a salary or wages overpayment may, at the request of the employee, be extended over a number of pay periods at a normal recovery rate of ten percent (10%) of the employee's gross salary entitlement for a pay period.

Pay Recovery. By accepting the Award, including the Terms and Conditions, and as an additional condition of receiving the Award, the Participant acknowledges and agrees that the Units, whether vested or unvested, and/or shares of Stock, cash or other benefits acquired pursuant to the Award (and any proceeds therefrom) may be subject to reduction, cancellation, recovery, recoupment, forfeiture or other action (i) in accordance with the S&P Global Inc. Financial Statement Compensation Recoupment Policy, the Senior Executive Pay Recovery Policy of S&P Global, the S&P Ratings Services Pay Recovery Policy and/or any other Company clawback or similar policy in effect as of the date of the Award Agreement applicable to the Participant, or to the extent adopted following the date of the Award Agreement, any clawback policy that the Committee determines necessary, appropriate or advisable in light of applicable law, governance considerations or industry best practices, as such policies may be amended from time to time, (ii) if the Committee or the Company, as applicable, determines in its sole discretion that the Participant engaged in an act that is inimical to the best interests of the Company Group, or (iii) pursuant to applicable law, regulations or stock exchange listing standards (collectively, the “Recoupment Policies”). No such Recoupment Policy adoption or amendment thereto shall require the Participant’s prior consent. In order to satisfy any recoupment obligation arising under the Recoupment Policies, and without intending to limit the authority of the Company to enforce the recovery of compensation under the Recoupment Policies, the Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant’s behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold any Stock or other amounts acquired pursuant to the Award to re-convey, transfer or otherwise return such Stock and/or other amounts to the Company upon the Company’s enforcement of the Recoupment Policy. No recovery of compensation as described in this Section 14 will be construed as an event giving rise to the Participant's right to resign for “good reason” or “constructive termination” (or similar term) under any plan or policy of, or agreement with, the Company Group.

Pay Recovery. Where an employee, through no fault of his own, has been overpaid, the appropriate pay office will, before action is implemented, advise the employee in of the amount overpaid and the intention of the Employer to the overpayment. Prior to said recovery, the Employer and employee shall discuss and devise an acceptable recovery schedule. If than one year has passed since the undetected overpayment was made, then the Employer shall be to recovering percent (50%) of the overpayment. If more than two (2) years have passed since the overpayment, there shall be no of the Overpayment.

Pay Recovery. The Employer agrees to assist any Employee who does not receive his/her pay by the Friday afternoon following the scheduled payday. The Employer will follow up with the payroll office on lost, stolen, or missing pay.

Pay Recovery should an employee leave the Company any vacation taken and not yet earned will be recovered from their final pay.