Malus definition

Malus means the reduction of elements of an individual’s remuneration in accordance with rule 4 as the Committee considers appropriate;

Malus 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, cancelled or subject to further conditions in the manner provided for in Rule 8;

Malus means the reduction or forfeiture of an Award prior to its Vesting in accordance with Rule 13 (Malus and Clawback) in such manner and for such amounts as the Committee determines to be appropriate;

Examples of Malus in a sentence

• Malus and/or clawback may be applied differently for different Participants or for different Awards held by the same Participant in relation to the same event.

• Nothing in the section in any way limits your obligations under “Bonus Recoupment” and “EMEA Malus and Clawback Policy - Identified Staff”.

• The provisions of the JPMorgan Chase EMEA Malus and Clawback Policy - Identified Staff set out the terms and conditions applying to the grant of this award which ensure that the Firm is able to meet its regulatory obligations to operate malus (reduce) and/or clawback (recover) to awards in certain circumstances.

• The Malus Policy set out in Schedule B to this Agreement applies to the Grant awarded pursuant to this Agreement.

• The Grantee acknowledges that the Phantom Units granted (and any associated DERs) and the Units and cash, if any, issued hereunder are subject to Malus and Clawback as provided in Sections 8(q), (r) and (s) of the Plan.

More Definitions of Malus

Malus means the reduction and/or cancellation of unpaid, unvested or unsettled Incentive Remuneration when a Trigger Event is discovered, and the Board seeks to fulfill its fiduciary duty to shareholders by invoking its discretion to reduce and/or cancel the Incentive Remuneration;

Malus means arrangement that permits the AIFM to prevent vesting of all or part of the amount of a deferred remuneration award in relation to risk outcomes or performances of the AIFM as a whole, the business unit, the AIF and, where possible the staff member. Malus is a form of ex-post risk adjustment.

Malus means an optional surcharge to the infrastructure access charges to be paid by railway undertakings for each noisy train.

Malus means the reduction and/or cancellation of unpaid, unvested or unsettled Remuneration benefits when a Trigger Event is discovered, and the Board seeks to fulfill its fiduciary duty to shareholders by invoking its discretion to reduce and/or cancel the benefits. “Clawback” means the recovery of settled and or paid remuneration benefits after a Trigger Event being discovered, and the Board seeks to fulfill its fiduciary duty to shareholders by invoking its discretion to recover settled or paid benefits.

Malus means the reduction of Storage Customer’s payment obligation to pay the full Storage fee, in case the firm Storage Capacities contracted by the Storage Customer are restricted or suspended as further specified in § 13 (3) and (4).

Malus means the reduction, (in part or in full) of a Participant’s Award due to the discovery of a Trigger Event before the Vesting Date;

Malus means the reduction (in part or full) of unvested Awards due to the occurrence of a Trigger Event before the applicable Vesting Date. Whenever a reduction is made, the relevant Award or portion thereof (as applicable) shall be treated as having lapsed;