Recoupment Trigger Date definition

Recoupment Trigger Date means the earlier of (i) the date that the Board (or a committee thereof or the officer(s) of the Company authorized to take such action if Board action is not required) concludes, or reasonably should have concluded, that the Company is required to prepare a Financial Restatement, and (ii) the date on which a court, regulator or other legally authorized body directs the Company to prepare a Financial Restatement.
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Recoupment Trigger Date means the earlier of (i) the date that the Board concludes, or reasonably should have concluded, that the Group is required to prepare a Financial Restatement, and (ii) the date on which a court, regulator or other legally authorized body directs the Group to prepare a Financial Restatement.
Sample 1
Recoupment Trigger Date means the earlier of (i) the date that the Board or a committee thereof or the officer(s) of the Company authorized to take such action if Board action is not required concludes, or reasonably should have concluded, that the Company is required to prepare a Financial Restatement, and (ii) the date on which a court, regulator or other legally authorized body directs the Company to prepare a Financial Restatement.POLICY DETAILS, MEASURES AND LIMITSRecoupment of Erroneously Awarded Compensation.In the event of a Financial Restatement, if the amount of any Covered Compensation received by a Covered Executive (the “Awarded Compensation”) exceeds the amount of such Covered Compensation that would have otherwise been received by such Covered Executive if calculated based on the Financial Restatement (the “Adjusted Compensation”), the Company shall reasonably promptly recover from such Covered Executive an amount equal to the excess of the Awarded Compensation over the Adjusted Compensation, each calculated on a pre-tax basis (such excess amount, the “Erroneously Awarded Compensation”).If (i) the Financial Reporting Measure applicable to the relevant Covered Compensation is stock price or total shareholder return or any measure derived wholly or in part from either of such measures and (ii) the amount of Erroneously Awarded Compensation is not subject to mathematical recalculation directly from the information in the Financial Restatement, then the amount of Erroneously Awarded Compensation shall be determined on a pre-tax basis based on the Company’s reasonable estimate of the effect of the Financial Restatement on the Company’s stock price or total shareholder return or the derivative measure thereof upon which such Covered Compensation was received.For the avoidance of doubt, the Company’s obligation to recover Erroneously Awarded Compensation is not dependent on (i) if or when the restated financial statements are filed or (ii) any fault of any Covered Executive for the accounting errors or other actions leading to a Financial Restatement.COMPENSATION RECOUPMENT POLICY PAGE 3 Notwithstanding anything to the contrary in Sections ‎2(a) through ‎(c) hereof, the Company shall not be required to recover any Erroneously Awarded Compensation if both (x) the conditions set forth in either of the following clauses (i), (ii), or (iii) are satisfied and (y) the Board’s committee of independent directors responsible for executive compensation decisions or, in the absence ...
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More Definitions of Recoupment Trigger Date

Recoupment Trigger Date means the earlier of (i) the date that the Board concludes, or reasonably should have concluded, that Santander Brasil is required to prepare a Financial Restatement, and (ii) the date on which a court, regulator or other legally authorized body directs Santander Brasil to prepare a Financial Restatement.
Sample 1

Related to Recoupment Trigger Date

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Commitment Termination Date means the earliest to occur of (a) the Maturity Date, (b) the date the Commitments are permanently reduced to zero pursuant to Section 2.8, and (c) the date of the termination of the Commitments pursuant to Article VIII.