Common use of Repayment Obligation Clause in Contracts

Repayment Obligation. Notwithstanding anything in this Agreement to the contrary, Participant acknowledges and agrees that this Agreement and the Award described herein (and any settlement thereof) shall be subject to (i) the Corporation’s recoupment policy, as may be in effect from time to time (the “Compensation Recovery Policy”), and (ii) the recoupment obligations described in the Compensation Recovery Policy. (n)

Appears in 4 contracts

Samples: Performance Shares Award Agreement (Louisiana-Pacific Corp), Performance Shares Award Agreement (Louisiana-Pacific Corp), Performance Shares Award Agreement (Louisiana-Pacific Corp)

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Repayment Obligation. Notwithstanding anything in this Agreement to the contrary, Participant acknowledges and agrees that this Agreement and the Award described herein (and any settlement thereof) shall be subject to (i) the Corporation’s recoupment policy, as may be in effect from time to time (the “Compensation Recovery Policy”), and (ii) the recoupment obligations described in the Compensation Recovery Policy. (nm)

Appears in 1 contract

Samples: Performance Shares Award Agreement (Louisiana-Pacific Corp)

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