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 13(n), 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. The Parties have executed this Agreement as of the Effective Date. Company Life360, Inc. Executive By: /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxx Xxxxx Name: Xxxxxxx Xxxxxxx Name: Xxxxx Xxxxx Title: Chief People Officer Date: 7/31/2023 Date: 7/31/2023 EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Life360, Inc.)

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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 13(n15(o), 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. The Parties have executed this Agreement as of the Effective Datedate first above written. Company Life360, Inc. Executive By: /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxx /s/Xxxxxxxxxxx Xxxxx Name: Xxxxxxx Xxxxxxx Name: Xxxxx Xxxxxxxxxxx Xxxxx Title: Chief People Executive Officers Executive Xxxxx Xxxx The Parties have executed this Agreement as of the date first above written. Company Life360, Inc. By: Name: Xxxxxxxxxxx Xxxxx Title: Chief Executive Officer Date: 7/31/2023 Date: 7/31/2023 Executive /s/ Xxxxx Xxxx Xxxxx Xxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Life360, Inc.)

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 13(n15(o), 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. The Parties have executed this Agreement as of the Effective Datedate first above written. Company COMPANY Life360, Inc. Executive By: /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxx Xxxxx Name: Xxxxxxx Xxxx Xxxxxxx Name: Xxxxx Xxxxx Xxxx Xxxxxxx Title: Chief People Officer Date: 7/31/2023 Date: 7/31/2023 Chairman of the Board of Directors EXECUTIVE /s/ Xxxxxxxxxxx Hulls Xxxxxxxxxxx Hulls EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Life360, Inc.)

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 13(n15(o), 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. The Parties have executed this Agreement as of the Effective Datedate first above written. Company Life360, Inc. By: /s/ Xxxxxxxxxxx Xxxxx Name: Xxxxxxxxxxx Xxxxx Title: Chief Executive Officer Executive By: /s/ Xxxxxxx Xxxxx Xxxxxxx By: /s/ Xxxxx Xxxxx Name: Xxxxxxx Xxxxxxx Name: Xxxxx Xxxxx Title: Chief People Officer Date: 7/31/2023 Date: 7/31/2023 EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Life360, Inc.)

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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 13(n), 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. The Parties have executed this Agreement as of the Effective Datedate first above written. Company Life360, Inc. Executive By: /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxx Xxxxxxxxxxx Xxxxx Name: Xxxxxxx Xxxxxxx Name: Xxxxx Xxxxxxxxxxx Xxxxx Title: Chief People Executive Officer Date: 7/31/2023 Date: 7/31/2023 Executive /s/ Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxx EXHIBIT A DEFINED TERMS

Appears in 1 contract

Samples: Employment Agreement (Life360, Inc.)

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