Clawback Rules definition
Examples of Clawback Rules in a sentence
By accepting this Award, the Participant agrees to return to the Company the full amount required by the Clawback Rules.
It is intended that this Policy be interpreted in a manner that is consistent with the SEC/Nasdaq Clawback Rules.
It is intended that this Policy be interpreted in a manner that is consistent with the requirements of the Clawback Rules.
The purpose of this Policy is to describe the circumstances in which Executive Officers will be required to repay or return Erroneously Awarded Compensation to the Company in accordance with the Clawback Rules.
Notwithstanding anything in this Section 9 to the contrary, no amendment or termination of this Policy shall be effective if such amendment or termination would (after taking into account any actions taken by the Company contemporaneously with such amendment or termination) cause the Company to violate the Clawback Rules, or any federal securities law, SEC rule or Listing Exchange rule.
For the avoidance of doubt, except to the extent permitted pursuant to the Clawback Rules, in no event may the Company accept an amount that is less than the amount of Erroneously Awarded Compensation in satisfaction of an Executive Officer’s obligations hereunder.
Furthermore, unless otherwise determined by the Administrator or as otherwise amended, this Policy shall automatically be deemed amended in a manner necessary to comply with any change in the Clawback Rules.
The Company shall decide, in its sole and absolute discretion, what policies it must adopt in order to comply with such Clawback Rules.
Not later than 10:00 A.M. on the First Amendment Date, each Lender shall make available to the Administrative Agent at its office specified in subsection 13.3 the amount of such Lender's Term C Loan Commitment Percentage of the Term C Loans to be made available on such date in immediately available funds.
The Company shall not be permitted to indemnify any Executive Officer against the loss of any Erroneously Awarded Compensation that is repaid, returned or recovered pursuant to the terms of this Policy and/or pursuant to the Clawback Rules or to pay or reimburse any Executive Officer for the cost of third-party insurance purchased by an Executive Officer to cover any such loss under this Policy and/or pursuant to the Clawback Rules.