Common use of Payment Recoupment and Restrictions Clause in Contracts

Payment Recoupment and Restrictions. Manager agrees and acknowledges that this Agreement and any incentive payments made or to be made hereunder are subject to the terms of any Company clawback or recoupment policy. Notwithstanding anything in this Agreement to the contrary, in no event shall any payment or benefit under this Agreement be paid, provided or accrued if such payment, provision or accrual would be in violation of applicable law, rule, regulation or court or agency order.

Appears in 12 contracts

Samples: Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Bancshares, Inc.)

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Payment Recoupment and Restrictions. Manager agrees and acknowledges that this Agreement and any incentive payments made or to be made hereunder are subject to the terms of any Company clawback claw back or recoupment policy. Notwithstanding anything in this Agreement to the contrary, in no event shall any payment or benefit under this Agreement be paid, provided provided, or accrued if such payment, provision or accrual would be in violation of applicable law, rule, regulation or court or agency order.

Appears in 3 contracts

Samples: Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Bancshares, Inc.)

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Payment Recoupment and Restrictions. Manager agrees and acknowledges that this Agreement and any incentive payments made or to be made hereunder are subject to the terms of any Company clawback claw back or recoupment policypolicy . Notwithstanding anything in this Agreement to the contrary, in no event shall any payment or benefit under this Agreement be paid, provided provided, or accrued if such payment, provision or accrual would be in violation of applicable law, rule, regulation or court or agency orderorder .

Appears in 2 contracts

Samples: Employment Agreement (First Mid Bancshares, Inc.), Employment Agreement (First Mid Bancshares, Inc.)

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