Common use of Recoupment of Erroneously Awarded Compensation Clause in Contracts

Recoupment of Erroneously Awarded Compensation. Any incentive-based or other compensation paid to the Executive under this Agreement or any other agreement or arrangement with the Company which is subject to recovery under any law, government regulation, stock exchange listing requirement or any clawback policy adopted by the Company from time to time before the date of the award of the incentive based or other compensation will be subject to the deductions and clawback as may be required by such law, government regulation, stock exchange listing requirement or clawback policy. In addition, if the Executive is or becomes an executive officer subject to the incentive compensation repayment requirements of the Dxxx-Fxxxx Xxxx Street Reform and Consumer Protection Act (the “Dxxx-Xxxxx Act”), then if required by the Dxxx-Xxxxx Act or any of its regulations he/she will enter into an amendment to this Agreement or a separate written agreement with the Company to comply with the Dxxx-Xxxxx Act and any of its regulations.

Appears in 5 contracts

Samples: Employment Agreement (Provention Bio, Inc.), First Amended Employment Agreement (Provention Bio, Inc.), First Amended Employment Agreement (Provention Bio, Inc.)

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Recoupment of Erroneously Awarded Compensation. Any incentive-based or other compensation paid to the Executive under this Agreement or any other agreement or arrangement with the Company which is subject to recovery under any law, government regulation, stock exchange listing requirement or any clawback policy adopted by the Company from time to time before the date of the award of the incentive based or other compensation will be subject to the deductions and clawback as may be required by such law, government regulation, stock exchange listing requirement or clawback policy. In addition, if the Executive is or becomes an executive officer subject to the incentive compensation repayment requirements of the DxxxXxxx-Fxxxx Xxxxx Xxxx Street Reform and Consumer Protection Act (the “DxxxXxxx-Xxxxx Act”), then if required by the DxxxXxxx-Xxxxx Act or any of its regulations he/she will enter into an amendment to this Agreement or a separate written agreement with the Company to comply with the DxxxXxxx-Xxxxx Act and any of its regulations.

Appears in 3 contracts

Samples: Employment Agreement (Dermata Therapeutics, Inc.), Employment Agreement (Dermata Therapeutics, Inc.), Employment Agreement (Dermata Therapeutics, Inc.)

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Recoupment of Erroneously Awarded Compensation. Any incentive-based or other compensation paid to the Executive under this Agreement or any other agreement or arrangement with the Company which is subject to recovery under any law, government regulation, stock exchange listing requirement or any clawback policy adopted by the Company from time to time before the date of the award of the incentive based or other compensation will be subject to the deductions and clawback as may be required by such law, government regulation, stock exchange listing requirement or clawback policy. In addition, if the Executive is or becomes an executive officer subject to the incentive compensation repayment requirements of the Dxxx-Fxxxx Xxxx Street Reform and Consumer Protection Act (the “Dxxx-Xxxxx Act”), then if required by the Dxxx-Xxxxx Act or any of its regulations he/she he will enter into an amendment to this Agreement or a separate written agreement with the Company to comply with the Dxxx-Xxxxx Act and any of its regulations.

Appears in 1 contract

Samples: First Amended Employment Agreement (Provention Bio, Inc.)

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