Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to the Employee during a CPP Covered Period and while the Employee is a senior executive officer is subject to recovery or “clawback” by the Bank if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.
Appears in 6 contracts
Samples: Change in Control Agreement (Hf Financial Corp), Change in Control Agreement (Hf Financial Corp), Change in Control Agreement (Hf Financial Corp)
Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to Executive during the Employee during a CPP Covered Period and while the Employee is a senior executive officer is subject to recovery or “clawback” by the Bank Company if the such bonus and incentive compensation payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria, all within the meaning of Section 111(b) of EESA and the CPP Guidance.
Appears in 2 contracts
Samples: Letter Agreement (Metrocorp Bancshares Inc), Executive Compensation Agreement (Encore Bancshares Inc)
Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to the Employee Executive during a CPP Covered Period and while the Employee is a senior executive officer is subject to recovery or “clawback” by the Bank Employers if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.
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Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to the Employee you during a CPP Covered Period and while the Employee is you are a senior executive officer is subject to recovery or “clawback” by the Bank Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.
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