Retention Period; Clawback Sample Clauses
The 'Retention Period; Clawback' clause defines the timeframe during which certain payments, benefits, or assets must be held or may be subject to return if specific conditions are triggered. Typically, this clause applies to bonuses, stock awards, or other compensation, requiring recipients to retain them for a set period and allowing the company to reclaim them if, for example, misconduct or financial restatements occur within that period. Its core function is to protect the company from losses or inappropriate gains by ensuring that incentives are only fully earned if conditions remain satisfied throughout the retention period.
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Retention Period; Clawback. Subject to the terms and conditions of this Agreement, your right to retain the Retention Bonus will be subject to your continued employment through the first anniversary of the date hereof (the "Retention Period"). If you voluntarily terminate your employment with the Company without Good Reason (other than as a result of your death or Disability) or if your employment is terminated by the Company for Cause, prior to the end of the Retention Period, you hereby agree that you will re-pay to the Company the entire Retention Bonus, payable within 30 days following such termination.
Retention Period; Clawback. Subject to the terms and conditions of this Agreement, your right to retain the Retention Bonus will be subject to your continued employment through the end of the Retention Period. The “Retention Period” shall be the earlier of the date that is (i) one year following the date of this Agreement, and (ii) 90 days following the consummation of a Change of Control transaction, if applicable. If you voluntarily terminate your employment with the Company (other than for Good Reason or as a result of your death or Disability), or if your employment is terminated by the Company for Cause, prior to the end of the Retention Period, you hereby agree that you will re-pay to the Company the entire Retention Bonus, payable within 30 days following receipt of written notice from the Company.