Examples of Clawback Policies in a sentence
By signing this Agreement Executive agrees to fully cooperate with the Company in assuring compliance with such policies and the provisions of applicable law, including, but not limited to, promptly returning any compensation subject to recovery by the Company pursuant to such Clawback Policies and applicable law.
To the extent that the application of this Recovery Policy would provide for recovery of Excess Incentive Compensation that the Company recovers pursuant to Section 304 of the Sarbanes-Oxley Act or Other Clawback Policies, the amount the relevant Executive Officer has already reimbursed the Company will be credited to the required recovery under this Recovery Policy.
To the extent that the application of this Recovery Policy would provide for recovery of Incentive Compensation that the Company recovers pursuant to Section 304 of the Sarbanes-Oxley Act or Other Clawback Policies, the amount the relevant Specified Officer has already reimbursed the Company will be credited to the required recovery under this Recovery Policy.
Financial Restatement Clawback Policy and (ii) the United Rentals Injurious Clawback Policy (each, a “Clawback Policy,” and together, the “Clawback Policies”) in accordance with the terms of the Clawback Policies.
The Plan was amended and restated, effective December 1, 2023, to: (a) provide that all Participant Deferrals and Company Contributions, in each case, that have accrued on or after October 2, 2023 are subject to applicable Clawback Policies (as defined below).
By signing this Agreement Executive agrees to fully cooperate with the Company in assuring compliance with such policies and the provisions of applicable law, including, but not limited to, promptly returning any compensation subject to recovery by the Company pursuant to such Clawback Policies and applicable law.
Accordingly, Executive acknowledges and agrees that any compensation provided to Executive (including any incentive-based or other compensation granted, paid or provided to or earned by Executive, whether before, on or following the Effective Date) that is covered by the Clawback Policies shall be subject to recoupment and/or forfeiture pursuant to the Clawback Policies, subject to the terms and conditions thereof.
Executive further acknowledges and agrees that Executive is not entitled to indemnification or right of advancement of expenses in connection with any enforcement of the Clawback Policies by the Company, whether under the Company’s charter, by-laws or any other agreement or arrangement.
If there is any conflict between this policy and any Other Clawback Policies, this Policy shall control.
Each Award granted under the Plan shall be subject to the Clawback Policies and Procedures as set forth in Luxfer’s Directors’ Remuneration Policy and the applicable Award Agreement.