Common use of Recovery of Erroneously Awarded Compensation Clause in Contracts

Recovery of Erroneously Awarded Compensation. If, immediately before a payment date otherwise provided by this Exhibit A, Bank of America or its Subsidiaries have been unable to recover from you erroneously awarded compensation that is required to be recovered under the Xxxx-Xxxxx clawback rules and any implementing policy, Bank of America may reduce the net, after-tax amount to be paid on your Award as of that payment date (after all applicable tax withholding requirements have been satisfied) by an amount up to the outstanding balance of erroneously awarded compensation to be recovered from you as of the payment date. For the avoidance of doubt, the full amount of the Award payable as of the payment date shall be included in income to you as of that payment date and nothing in this paragraph (g) shall result in any acceleration of the payment date.

Recovery of Erroneously Awarded Compensation. If, immediately before a payment date Settlement Date otherwise provided by this Exhibit A, Bank of America or its Subsidiaries have been unable to recover from you erroneously awarded compensation that is required to be recovered under the Xxxx-Xxxxx clawback rules and any implementing policy, Bank of America may reduce the net, after-tax amount to be paid on your Award as of that payment date Settlement Date (after all applicable tax withholding requirements have been satisfied) by an amount up to the outstanding balance of erroneously awarded compensation to be recovered from you as of the payment dateSettlement Date. For the avoidance of doubt, the full amount of the Award payable as of the payment date Settlement Date shall be included in income to you as of that payment date such Settlement Date and nothing in this paragraph (g) shall result in any acceleration of the payment dateSettlement Date.

Recovery of Erroneously Awarded Compensation. If, immediately before a payment date Payment Date otherwise provided by this Exhibit A, Bank of America or its Subsidiaries have been unable to recover from you erroneously awarded compensation that is required to be recovered under the Xxxx-Xxxxx clawback rules and any implementing policy, Bank of America may reduce the net, after-tax amount to be paid on your Award as of that payment date Payment Date (after all applicable tax withholding requirements have been satisfied) by an amount up to the outstanding balance of erroneously awarded compensation to be recovered from you as of the payment datePayment Date. For the avoidance of doubt, the full amount of the Award payable as of the payment date Payment Date shall be included in income to you as of that payment date Payment Date and nothing in this paragraph (ge) shall result in any acceleration of the payment datePayment Date.