Clawback definition

Clawback means the obligation to repay amounts to a Member of the CFG Group by an individual in accordance with rule 4 as the Committee considers appropriate;

Clawback means a remedial action taken by ODSA to seek reimbursement from the Award Recipient for all or a portion of the award funds pursuant to the terms of the award agreement.

Clawback shall have the meaning set forth in Section 4(b).

Examples of Clawback in a sentence

• If your service terminates because of a Normal Retirement and you violate the terms of the ND/NS Agreement or Section 3(a) of this Award Agreement, as applicable, in addition to any all remedies to which the Company is entitled under the ND/NS Agreement, continued vesting of the your Restricted Stock shall immediately cease and the Company shall be entitled to the Clawback Amount under Section 5(b) hereof.

• The Clawback Amount will be payable within 30 days after demand, either in cash or, with the consent of the Company, by returning to the Company a number of shares of Stock with a Fair Market Value at the date of such return equal to the Clawback Amount.

More Definitions of Clawback

Clawback means the reduction of elements of an individual’s compensation and/or the obligation to repay amounts to a Group Member by an individual in accordance with Rule 12 (Malus and Clawback) in such manner and for such amounts as the Committee determines to be appropriate;

Clawback means an obligation to repay the amounts referred to in Rule 16.4 (Amount to be subject to Clawback);

Clawback means where Incentive Remuneration has already vested, been settled, paid or otherwise made available, a Trigger Event which indicates an error in the calculation of an employee’s remuneration is discovered and the Board seeks to fulfill its fiduciary duty to shareholders by invoking its discretion to seek recoupment of an Incentive Remuneration Amount;

Clawback means an obligation by a grantee to repay a part or all of a grant for a failure to meet benchmark employment, cessation of operations in the State, or other terms contained in the grant agreement.

Clawback means a contractual agreement between the employee and the Company in which the employee agrees to return previously paid or vested remuneration to the Company under certain circumstances.

Clawback means the discretion conferred on the Compensation Committee to decide that the Vesting of an Award granted under this Plan or any other benefit conferred under this Plan or any other incentive plan is to be reduced, repaid or forfeited in the manner provided for in Rule 8;

Clawback means post sales clawback policies applied to manufacturers, requiring them to pass a part of their revenues in respect of a product to a national health service or other Governmental Authority.