Bonus Recoupment definition
Bonus Recoupment. “Recapture Provisions”, “Termination of Employment” and “Remedies”, as well as the subsection captioned “--Amendment” permitting suspension of vesting.) With respect to any applicable vesting date, JPMorgan Chase may impose for any reason, as of such vesting date for such period as it may specify in its sole discretion, such restrictions on the Common Stock to be issued to you as it may deem appropriate, including, but not limited to, restricting the sale, transfer, pledging, assignment, hedging or encumbrance of such shares of Common Stock. Such restrictions described in the last sentence shall not impact your right to vote or receive dividends with respect to the Common Stock. By accepting this award, you acknowledge that during such specified period should there be a determination that the recovery provisions of this award apply, then you agree that you may be required to pay the Firm up to an amount equal to the Fair Market Value (determined as of the applicable vesting date) of the gross number of shares subject to such restrictions (notwithstanding the limitation set forth in the “Right to Set Off” subsection above). (See Sections captioned “Bonus Recoupment” and “Remedies”.)
Bonus Recoupment. “Your Obligations” and “Remedies”), you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chase) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you:
Bonus Recoupment. “Recapture Provisions,” “Remedies,” and “Your Obligations,”) you will be eligible to continue to vest (on the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, andyou satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and the sum of your age and Recognized Service (as defined below) on your date of termination equaled or exceeded 60, and •you provided at least 90 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award, you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 90-day period as a condition to continued vesting or shorten the length of the 90-day period at the Firm’s discretion, but to a date no earlier than the date you would otherwise meet the age and service requirements...
Examples of Bonus Recoupment in a sentence
You can access this policy as currently in effect through the following link:▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/corporate/About-JPMC/corporate-governance-principles.htm#recoupment For the avoidance of doubt, nothing in these terms and conditions in any way limits the rights of the Firm under the JPMorgan Chase Bonus Recoupment Policy (or successor policy).
You can access this policy as currently in effect by clicking the following link to the JPMorgan Chase & Co. Corporate Governance Principles web page and scrolling to the Bonus Recoupment Policy located under the section titled “Other Matters”: For the avoidance of doubt, nothing in these terms and conditions in any way limits the rights of the Firm under the JPMorgan Chase Bonus Recoupment Policy (or successor policy).
JPMorgan Chase’s right to cancel and/or recover the value of this award (or any cash bonus) under the JPMorgan Chase Bonus Recoupment Policy and the other provisions of this award relate to the “organizational goals” of the Firm as that term is defined by regulations issued under Section 409A of the Internal Revenue Code (“Code”).
In consideration of the grant of this award, you agree that you are subject to the JPMorgan Chase Bonus Recoupment Policy (or successor policy) as in effect from time to time as it applies both to the cash incentive compensation awarded to you for performance year 20______ and to this award.
You can access this policy as currently in effect through the following link: For the avoidance of doubt, nothing in these terms and conditions in any way limits the rights of the Firm under the JPMorgan Chase Bonus Recoupment Policy (or successor policy).
More Definitions of Bonus Recoupment
Bonus Recoupment. “Recapture Provisions” and “Termination of Employment”, your outstanding PSUs under this award may be cancelled if the Firm in its sole discretion determines that: • you have failed to comply with any of the advance notice/cooperation requirements or employment restrictions applicable to your termination of employment, or • you have failed to return the required forms specified under the section captioned “Release/Certification” by the specified deadline, or • you have violated any of the provisions as set forth above in the section captioned “Your Obligations”. To the extent provided under the subsection captioned “--Amendment” below, JPMorgan Chase reserves the right to suspend vesting of this award and/or distribution of shares under this award, including, without limitation, during any period that JPMorgan Chase is evaluating whether this award is subject to cancellation and/or recovery and/or whether the conditions for distributions of shares under this award are satisfied. The Firm is not responsible for any price fluctuations during any period of suspension and, if applicable, suspended units will be reinstated consistent with Plan administration procedures. See also “Administrative Provisions-No Ownership Rights/Other Limitations”.
Bonus Recoupment. “Recapture Provisions,” “Recovery,” “Your Obligations”), you will be eligible to continue to vest ( on the original vesting schedule) with respect to your award following the termination of your employment if one of the following circumstances applies to you:
Bonus Recoupment. “Recovery of Erroneously Awarded Incentive-Based Compensation”, “EMEA Malus and Clawback Policy – Identified Staff”, “Termination of Employment” and “Remedies”, as well as the subsection captioned “—Amendment” permitting suspension of vesting.) With respect to any applicable vesting date, JPMorgan Chase may impose for any reason, as of such vesting date for such period as it may specify in its sole discretion, such restrictions on the Common Stock to be issued to you as it may deem appropriate, including, but not limited to, restricting the sale, transfer, pledging, assignment, hedging or encumbrance of such shares of Common Stock. Such restrictions described in the last sentence shall not impact your right to vote or receive dividends with respect to the Common Stock. By accepting this award, you acknowledge that during such specified period should there be a determination that the recovery provisions of this award apply, then you agree that you may be required to pay the Firm up to an amount equal to the Fair Market Value (determined as of the applicable vesting date) of the gross number of shares subject to such restrictions (notwithstanding the limitation set forth in the “Right to Set Off” subsection above). (See sections captioned “Bonus Recoupment”, “Recovery of Erroneously Awarded Incentive-Based Compensation” and “Remedies”.)
Bonus Recoupment. “Recapture Provisions”, “Termination of Employment” and “Remedies”, as well as the subsection captioned “-Amendment” permitting suspension of vesting.)
Bonus Recoupment. “Recapture Provisions”, “Your Obligations” and “Remedies”) you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chase) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: • Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that • the Firm terminated your employment because your job was eliminated, and • after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and • you satisfied the Release/Certification Requirements set forth below.
Bonus Recoupment. “Recapture Provisions”, “Your Obligations” and “Remedies”), you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chase) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that • the Firm terminated your employment because your job was eliminated, and • after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and • you satisfied the Release/Certification Requirements set forth below.
Bonus Recoupment. “Recapture Provisions,” “Remedies,” “Your Obligations”), you will be eligible to continue to vest ( on the original vesting schedule) with respect to your award following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that • the Firm terminated your employment because your job was eliminated, and • after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and • you satisfied the Release/Certification Requirements set forth below.