Malus and Clawback Policy definition

Malus and Clawback Policy means the Rentokil Initial plc Malus and Clawback Policy (as amended from time to time) and “Malus” and “Clawback” will be understood accordingly;

Malus and Clawback Policy means the Company’s policy from time to time on the recoupment of value from current or former employees in connection with the Plan which is applicable to the Participant;

Malus and Clawback Policy means the policy guidelines on the application of malus and clawback to the Group's variable remuneration arrangements, as approved by the Committee and as varied from time to time;

Examples of Malus and Clawback Policy in a sentence

• 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.

• Identified Staff In consideration of grant of this award, and without prejudice to any other provision of this Award Agreement, you agree that you are subject to the JPMorgan Chase EMEA Malus and Clawback Policy - Identified Staff (and any applicable supplement(s) to that policy) or successor policy as in effect from time to time as it applies both to the cash incentive compensation awarded to you for performance year 2018 and to this award.

• Any right of recovery pursuant to this Policy is in addition to, and not in lieu of, any other remedies or rights of recovery that may be available to the Company under applicable law, any employment agreement, plan or award terms, or the terms of any policy, including, but not limited to, the Company’s Clawback and Forfeiture Policy and the Company’s Malus and Clawback Policy for Identified Staff Team Members.

• Recovery Policy and Malus and Clawback Policy All variable remuneration, including annual bonus, bonus deferral awards, and PSP set out in this letter, is subject to the terms of the Recovery Policy and Malus and Clawback Policy, which can be found here and here (Recovery Policy) (Malus and Clawback Policy).

More Definitions of Malus and Clawback Policy

Malus and Clawback Policy means a policy approved by the RemCom from time to time which gives the RemCom the discretion to recoup a cash value equivalent to the Vesting Price (also referred to as “Clawback”) and to reduce and/or cancel any unvested and/or unpaid Grants (also referred to as “Malus”) upon the occurrence of a Malus Trigger Event;

Malus and Clawback Policy means the policy, if any, as amended and updated from time to time, which will extend and clarify the Malus and Clawback Principles and governance of Malus and Clawback in the Group, with respect to Employee remuneration, and which, insofar as it applies to any Awards in terms of this CSP, should be read in conjunction with these Rules and will form part of the Malus and Clawback Principles;

Malus and Clawback Policy means such policy or policies in place for the purposes of adjusting and/or recovering remuneration, including the InterContinental Hotels Group PLC Malus and Clawback Policy (as amended from time to time), and any provisions or policies adopted to comply with the requirements of applicable law (including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act), and “Malus” and “Clawback” will have the meanings given in the Malus and Clawback Policy;

Malus and Clawback Policy means the InterContinental Hotels Group PLC Malus and Clawback Policy (as amended from time to time) and “Malus” and “Clawback” will have the meanings given in the Malus and Clawback Policy;

Malus and Clawback Policy means the Vertical Aerospace Ltd. Group Malus and Clawback Policy (as amended from time to time), including any provisions adopted to comply with the requirements of ​Vertical Aerospace Ltd. 2021 Incentive Award Plan​applicable law (including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act), and “Malus” and “Clawback” will be understood accordingly;

Malus and Clawback Policy means the malus and clawback policy in place at the Company from time to time, which gives the Board the discretion to recoup the Clawback Amount (also referred to as “Clawback”) and to reduce and/or cancel any unvested and/or unpaid Awards (also referred to as “Malus”) upon the occurrence of a Trigger Event;

Malus and Clawback Policy means the Company’s policy on malus and clawback, as amended from time to time;