Clawback Rights definition

Clawback Rights means the rights of Spectranetics to recover Legal Fees and Expenses advanced to or on behalf of Xxxx commencing with the date that the Federal Investigation started, in the event that the verdict or findings at the Trial would result in Xxxx’x being required to repay amounts, whether those rights arise under the DGCL, the Charter Documents, or the Undertaking.
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Clawback Rights means the right by the Apollo Stockholders to acquire Securities and Securities Proceeds pursuant to SECTION 2.5 upon the occurrence of any Clawback Determination Event. "CLAWBACK TERMINATION DATE" means the date following the Exit Event upon which the Clawback Rights have been fulfilled in accordance with the terms hereof and the final Clawback Notice.
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Clawback Rights. Rights. Notwithstanding any other provision of this Section 2, if the Company's MVE is less than the applicable Target MVE on any Target Date, but the Company's MVE is equal to or exceeds the applicable Target MVE on any subsequent Target Date prior to January 1, 2003, all Performance Vested Shares which have not been previously released from the Repurchase Option in any prior year shall thereupon be released from the Repurchase Option.
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Examples of Clawback Rights in a sentence

  • All determinations by the Compensation Committee with respect to the Clawback Rights shall be final and binding on the Company and Executive.

  • All determinations by the Compensation Committee with respect to the Clawback Rights shall be final and binding on the Company and the Executive.

  • The Clawback Rights shall terminate following a Change of Control, subject to applicable law, rules and regulations.

  • The parties acknowledge it is their intention that the foregoing Clawback Rights as relates to Restatements conform in all respects to the provisions of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act of 2010 (the “Xxxx Xxxxx Act”) and requires recovery of all “incentive-based” compensation, pursuant to the provisions of the Xxxx Xxxxx Act and any and all rules and regulations promulgated thereunder from time to time in effect.

  • Notwithstanding the foregoing, there shall be no duplication of recovery of the same Erroneously Awarded Compensation under this Policy and the Separate Clawback Rights, unless required by applicable law.

  • The Clawback Rights shall terminate following a Change of Control as defined in Section 12(f), subject to applicable law, rules and regulations.

  • All determinations by the Compensation Committee (or the Board, if there is no Compensation Committee) with respect to the Clawback Rights shall be final and binding on the Company and Executive.

  • The parties acknowledge it is their intention that the foregoing Clawback Rights as relates to Restatements conform in all respects to the provisions of the Dxxx-Fxxxx Xxxx Street Reform and Consumer Protection Act of 2010 (the “Dxxx Xxxxx Act”) and requires recovery of all “incentive-based” compensation, pursuant to the provisions of the Dxxx Xxxxx Act and any and all rules and regulations promulgated thereunder from time to time in effect.

  • The Clawback Rights shall be subject to applicable law, rules and regulations.

  • The parties acknowledge it is their intention that the foregoing Clawback Rights as relates to Restatements conform in all respects to the provisions of the Dxxx-Fxxxx Xxxx Street Reform and Consumer Protection Act of 2010 (“Dxxx-Xxxxx Act”) and require recovery of all “incentive-based” compensation, pursuant to the provisions of the Dxxx-Xxxxx Act and any and all rules and regulations promulgated thereunder from time to time in effect.


More Definitions of Clawback Rights

Clawback Rights means the payment rights under each of the Settlement Agreements.
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Related to Clawback Rights

  • Clawback Policy is defined in Section 14.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Clawback Amount has the meaning set forth in Section 6.05.

  • 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;

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Grant Award The Provider is required to match the grant award as required in the rules implementing the Federal Victims of Crime Act. Match contributions equal to 20 percent (cash or in-kind) of the total cost of each VOCA project (VOCA grant funds plus match contributions) must be reported monthly to the OAG. All funds designated as match contributions are restricted in the same manner and to be expended for the same uses as the VOCA victim assistance grant funds and must be expended within the grant period. Unless otherwise approved by the OAG, match contributions must be reported on a monthly basis in an amount consistent with the amount of funding requested for reimbursement.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Clawback Period means, with respect to any Accounting Restatement, the three completed fiscal years of the Company immediately preceding the Restatement Date (as defined below), and if the Company changes its fiscal year, any transition period of less than nine months within or immediately following those three completed fiscal years.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • RSU Plan means the restricted share unit plan of the Company;

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Stock Rights means all dividends, instruments or other distributions and any other right or property which the Grantors shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Equity Interest constituting Collateral, any right to receive an Equity Interest and any right to receive earnings, in which the Grantors now have or hereafter acquire any right, issued by an issuer of such Equity Interest.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.