Common use of Recoupment/Clawback Clause in Contracts

Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation By: /s/ Phillippe Lord Name: Phillippe Lord Title: Chief Executive Officer Executive /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxxxxx EXHIBIT A DEFINED TERMS

Appears in 3 contracts

Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)

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Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation By: /s/ Phillippe Lord Xxxxxx Xxxxxxxxx Name: Phillippe Lord Xxxxxx Xxxxxxxxx Title: Chief Executive Officer EVP and CPO Executive /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxxxxx Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation By: /s/ Phillippe Lord Name: Phillippe Lord Title: Chief Executive Officer Executive /s/ Xxxxx Xxxxxx Xxxxxxxxx Xxxxx Xxxxxx Xxxxxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation MERITAGE HOMES CORPORATION, a Maryland corporation By: /s/ Xxxxxx X. Xxxxxx By: Xxxxxx X. Xxxxxx Chairman and CEO EXECUTIVE: PHILLIPPE LORD /s/ Phillippe Lord Name: Phillippe Lord Title: Chief Executive Officer Executive /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation By: /s/ Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Title: EVP and CPO Executive /s/ Phillippe Lord Name: Phillippe Lord Title: Chief Executive Officer Executive /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

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Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation By: /s/ Phillippe Lord Xxxxxx Xxxxxxxxx Name: Phillippe Lord Xxxxxx Xxxxxxxxx Title: EVP and Chief Executive People Officer Executive /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxxxxx Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation MERITAGE HOMES CORPORATION, a Maryland corporation By: /s/ Phillippe Lord NameXxxxxx X. Xxxxxx By: Phillippe Lord TitleXxxxxx X. Xxxxxx Chairman and CEO EXECUTIVE: Chief Executive Officer Executive XXXXX XXXXXXXXX /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Recoupment/Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to Executive pursuant to this Agreement or any other agreement or arrangement with the Company or any of its affiliates, which may be subject to recovery under any law, government regulation, company policy or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, company policy or stock exchange listing requirement to the extent reasonably required by any such law, government regulation, company policy or stock exchange listing requirement, as determined by the Board in its sole and absolute discretion. For purposes of this Section 15(p), a “company policy” means any written company policy adopted by the Company that is made available to the Company’s executive officers through electronic or any other means. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. The Parties have executed this Agreement as of the date first above written. Company Meritage Homes Corporation MERITAGE HOMES CORPORATION, a Maryland corporation By: /s/ Phillippe Lord NameXxxxxx X. Xxxxxx By: Phillippe Lord TitleXxxxxx X. Xxxxxx Chairman and CEO EXECUTIVE: Chief Executive Officer Executive XXXXXX XXXXXXXXX /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxx Xxxxxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

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