Clawback Policy Contract Clauses (426)

Grouped Into 21 Collections of Similar Clauses From Business Contracts

This page contains Clawback Policy clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Clawback Policy. By accepting the grant of the RSUs pursuant to this Agreement, the Grantee hereby acknowledges that the Board has adopted a policy pursuant to which the Grantee may be required to repay amounts otherwise paid pursuant to this Agreement to the extent (a) such amounts were predicated upon achieving certain financial results that were subsequently the subject of a material restatement of Company financial statements filed with the Securities and Exchange Commission; (b) the Board determines the Gra...ntee engaged in intentional misconduct that caused or substantially caused the need for the material restatement; and (c) a lower payment would have been made to the Grantee based upon the restated financial results (collectively, the "Policy"). By accepting the grant of the Performance Unit pursuant to this Agreement, the Grantee hereby agrees to be bound by the Policy and any amendment or replacement thereof designed to comply with applicable law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance practices, and to repay amounts that Grantee may be required to be repay thereunder. View More
Clawback Policy. By accepting the grant of the RSUs Performance Unit pursuant to this Agreement, the Grantee Participant hereby acknowledges that the Board has adopted a policy pursuant to which the Grantee Participant may be required to repay amounts otherwise paid pursuant to this Agreement to the extent (a) such amounts were predicated upon achieving certain financial results that were subsequently the subject of a material restatement of Company financial statements filed with the Securities and Exchange Com...mission; (b) the Board determines the Grantee Participant engaged in intentional misconduct that caused or substantially caused the need for the material restatement; and (c) a lower payment would have been made to the Grantee Participant based upon the restated financial results (collectively, the "Policy"). By accepting the grant of the Performance Unit pursuant to this Agreement, the Grantee Participant hereby agrees to be bound by the Policy and any amendment or replacement thereof designed to comply with applicable law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance practices, and to repay amounts that Grantee the Participant may be required to be repay thereunder. View More
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Clawback Policy. Any compensation provided to you, whether under this Agreement or otherwise, with regard to your employment with the Company and/or its subsidiaries, as applicable, shall be subject to the applicable provisions of any clawback policy implemented by the Company from time to time, including any policy implemented pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder.
Clawback Policy. Any compensation provided to you, whether under this Agreement or otherwise, with regard to your employment with the Company and/or its subsidiaries, as applicable, shall be subject to the applicable provisions of any clawback policy Richard M. Jones as of November 19, 2019 Page 21 implemented by the Company from time to time, including any policy implemented pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder.
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Clawback Policy. The Award is subject to the terms of the Corporation's recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of the Award or any shares of Common Stock or other cash or property received with respect to the Award (including any value received from a disposition of the shares acquired upon payment of the Award).
Clawback Policy. The Award is subject to the terms of the Corporation's recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require forfeiture of the Award and repayment or forfeiture of the Award or any shares of Common Stock or other cash or property received with respect to the Award (including (including, if applicable, any value received from a disposition of the any shares acquired ...upon payment exercise of the Award). View More
Clawback Policy. The Award is and the shares of Common Stock that are or may be acquired pursuant to the Award are subject to the terms of the Corporation's recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of the Award or any such shares of Common Stock or other cash or property received with respect to the Award (including any value received from a disp...osition of the shares acquired upon payment of pursuant to the Award). View More
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Clawback Policy. This Award Agreement and the Option are subject to the Company's Policy on Recoupment of Incentive Compensation and any similar policy or policies that have been or may be adopted by the Company. Ingredion Incorporated By: Diane J. Frisch Title: Senior Vice President, Human Resources * * * * * 7 Ingredion Incorporated Addendum to the Stock Option Award Agreement In addition to the terms of the Plan and the Award Agreement, the Option is subject to the following additional terms and conditions. A...ll defined terms contained in this Addendum shall have the same meaning as set forth in the Plan and the Award Agreement. Pursuant to Section 17 of the Award Agreement, if you transfer your residence and/or employment to another country reflected in an Addendum, the additional terms and conditions for such country (if any) will apply to you to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local laws, rules and regulations, or to facilitate the operation and administration of the Option and the Plan (or the Company may establish additional terms and conditions as may be necessary or advisable to accommodate your transfer). AUSTRALIA Shareholder Approval Requirement. Notwithstanding provision in the Award Agreement to the contrary, you will not be entitled to, and shall not claim, any benefit under the Plan (including, without limitation, a legal right as set forth in Section 4(a) of the Agreement) if the provision of such benefit would give rise to a breach of Part 2D.2 of the Corporations Act 2001 (Cth), any other provision of that Act, or any other applicable statute, rule or regulation which limits or restricts the giving of such benefits. Further, the Company's affiliate in Australia is under no obligation to seek or obtain the approval of its shareholders for the purpose of overcoming any such limitation or restriction. BRAZIL 1. Labor Law Acknowledgment. You agree that (i) the benefits provided under the Award Agreement and the Plan are the result of commercial transactions unrelated to your employment; (ii) the Award Agreement and the Plan are not a part of the terms and conditions of your employment; and (iii) the income from the exercise of the Option, if any, is not part of your remuneration from employment. View More
Clawback Policy. This Award Agreement and the Option are subject to the Company's Policy on Recoupment of Incentive Compensation and any similar policy or policies that have been or may be adopted by the Company. 5 Ingredion Incorporated By: Diane J. Frisch Title: Senior Vice President, Human Resources * * * * * 7 6 Ingredion Incorporated Addendum to the Stock Option Award Agreement In addition to the terms of the Plan and the Award Agreement, the Option is subject to the following additional terms and condition...s. All defined terms contained in this Addendum shall have the same meaning as set forth in the Plan and the Award Agreement. Pursuant to Section 17 15 of the Award Agreement, if you transfer your residence and/or employment to another country reflected in an Addendum, the additional terms and conditions for such country (if any) will apply to you to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local laws, rules and regulations, or to facilitate the operation and administration of the Option and the Plan (or the Company may establish additional terms and conditions as may be necessary or advisable to accommodate your transfer). AUSTRALIA 1. Shareholder Approval Requirement. Notwithstanding provision in To the Award Agreement extent you are an individual whose termination benefits are subject to the contrary, you will not be entitled to, and shall not claim, any benefit under the Plan (including, without limitation, a legal right as set forth in Section 4(a) of the Agreement) if the provision of such benefit would give rise Sections 200 to a breach of Part 2D.2 200J of the Corporations Act 2001 (Cth), any other provision of that Act, or any other applicable statute, rule or regulation which limits or restricts 2001, the giving of such benefits. Further, Option is contingent upon the Company's affiliate in Australia is under no obligation to seek or obtain the approval of its shareholders for the purpose of overcoming any such limitation or restriction. BRAZIL 1. Labor Law Acknowledgment. You agree that (i) the benefits provided under the Award Agreement and the Plan are the result of commercial transactions unrelated to your employment; (ii) the Award Agreement and the Plan are not a part satisfaction of the terms shareholder approval requirements thereunder. To the extent the Company does not or is unable to satisfy such requirements, your Option will be null and conditions of your employment; void, and (iii) you will not have any claims against the income from the exercise Company to receive any payment or other benefits in lieu of the Option, if any, is not part of your remuneration from employment. Option. View More
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Clawback Policy. The Executive is subject to any recoupment or clawback policies that the Company may implement or maintain at any time regarding incentive-based compensation, which is granted or awarded to Executive on or after the date of this Agreement. Such policies may include the right to recover incentive-based compensation (including stock options awarded as compensation) awarded or received during the three-year period preceding the date on which the Company is required to prepare an accounting restatem...ent due to material noncompliance with any financial reporting requirement under federal securities laws. The Executive agrees to amend any awards and agreements entered into on or after the date of this Agreement as the Company may request to reasonably implement to policies. View More
Clawback Policy. The Executive is subject to any recoupment or clawback policies that the Company may implement or maintain at any time regarding incentive-based compensation, which is granted or awarded to Executive on or after the date of this Agreement. Such policies may include the right to recover incentive-based compensation (including stock options awarded as compensation) awarded or received during the three-year period preceding the date on which the Company is required to prepare an accounting restatem...ent due to material noncompliance with any financial reporting requirement under federal securities laws. The Executive agrees to amend any awards and agreements entered into on or after the date of this Agreement as the Company may request to reasonably implement to policies. 13 13. INDEMNIFICATION. On our about the Effective Date, the Company and Executive shall enter into an indemnification agreement on the form currently in place with its existing directors and officers, which form has been provided to Executive (the "Indemnification Agreement"). View More
Clawback Policy. The Executive is subject to any recoupment or clawback policies that the Company may implement or maintain at any time regarding incentive-based compensation, which is granted or awarded to Executive on or after the date of this Agreement. Such policies may include the right to recover incentive-based compensation (including stock options awarded as compensation) awarded or received during the three-year period preceding the date on which the Company is required to prepare an accounting restatem...ent due to material noncompliance with any financial reporting requirement under federal securities laws. The Executive agrees to amend any awards and agreements entered into on or after the date of this Agreement as the Company may request to reasonably implement to policies. View More
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Clawback Policy. Notwithstanding anything in the Plan to the contrary, the Company will be entitled, to the extent permitted or required by applicable law, Company policy and/or the requirements of an exchange on which the Company's shares are listed for trading, in each case, as in effect from time to time, to recoup compensation of whatever kind paid by the Company or any of its Affiliates at any time to a Participant under the Plan and the Participant, by accepting this award of RSUs pursuant to the Plan and ...this Agreement, agrees to comply with any Company request or demand for such recoupment. View More
Clawback Policy. Notwithstanding anything in the Plan to the contrary, the Company will be entitled, to the extent permitted or required by applicable law, law (including Section 409A of the Code), Company policy and/or the requirements of an exchange on which the Company's shares are listed for trading, in each case, as in effect from time to time, to recoup compensation of whatever kind paid by the Company or any of its Affiliates at any time to a Participant under the Plan and the Participant, by 3 accepting ...this award of RSUs Performance Shares pursuant to the Plan and this Agreement, agrees to comply with any Company request or demand for such recoupment. View More
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Clawback Policy. (a)Any shares of Common Stock issued to Grantee in settlement of the PSUs (plus dividend equivalent payments) shall be subject to the terms of this Agreement and the Company's recoupment policy, if any, as in effect from time to time. Further, notwithstanding anything in this Agreement to the contrary, Grantee acknowledges and agrees that (a) this Agreement and this Award described herein (and any settlement thereof) are subject to the terms and conditions of such policy, or any other form of Co...mpany recoupment (or similar) policy (if any) as may be in effect from time to time including specifically to implement Section 10D of the Exchange Act and any applicable rules or regulations promulgated thereunder (including applicable rules and regulations of any national securities exchange on which the Common Stock may be traded) (the "Compensation Recovery Policy"), and (b) applicable provisions of this Agreement shall be deemed superseded by and subject to the terms and conditions of the Compensation Recovery Policy from and after the effective date thereof. (b)Without limiting the foregoing, violation of Section II.B.4 of this Agreement prior to the Settlement Date and thereafter, as determined by the Board, shall result in the forfeiture of the PSUs, and clawback and recoupment of any shares of Common Stock issued or transferred to Grantee in settlement of the PSUs (plus dividend equivalent payments). View More
Clawback Policy. (a)Any Any shares of Common Stock issued to Grantee in settlement of the PSUs (plus dividend equivalent payments) shall be subject to the terms of this Agreement and the Company's recoupment policy, if any, as in effect from time to time. Further, notwithstanding anything in this Agreement to the contrary, Grantee acknowledges and agrees that (a) this Agreement and this Award described herein (and any settlement thereof) are subject to the terms and conditions of such policy, or any other form o...f Company recoupment (or similar) policy (if any) as may be in effect from time to time including specifically to implement Section 10D of the Exchange Act and any applicable rules or regulations promulgated thereunder (including applicable rules and regulations of any national securities exchange on which the Common Stock may be traded) (the "Compensation Recovery 9 Policy"), and (b) applicable provisions of this Agreement shall be deemed superseded by and subject to the terms and conditions of the Compensation Recovery Policy from and after the effective date thereof. (b)Without limiting the foregoing, violation of Section II.B.4 of this Agreement prior to the Settlement Date and thereafter, as determined by the Board, shall result in the forfeiture of the PSUs, and clawback and recoupment of any shares of Common Stock issued or transferred to Grantee in settlement of the PSUs (plus dividend equivalent payments). View More
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Clawback Policy. Notwithstanding any provision of the Plan or this Award Agreement to the contrary, outstanding Non-Qualified Stock Options may be cancelled, and the Corporation may 5 require the Participant to return Shares (or the value of such Shares when originally paid to the Participant) and any other amount required by applicable law and the Corporation's Clawback Policy to be returned, in the event that such repayment is required in order to comply with the Corporation's Clawback Policy and with any laws... or regulations relating to restatements of the Corporation's publicly reported financial results. ACCEPTANCE AND ACKNOWLEDGMENT I, [FIRST NAME — LAST NAME] a resident of the State of [STATE], accept this Award of Non-Qualified Stock Options described in this Award Agreement and in the Plan, and acknowledge receipt of a copy of the Plan and this Award Agreement. I further acknowledge that I have read the Plan and Award Agreement carefully, I fully understand their contents, and I agree to be bound by the same. 6 EX-10.1 2 a16-10650_1ex10d1.htm EX-10.1 Exhibit 10.1 AKORN, INC. 2014 STOCK OPTION PLAN FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT THIS Non-Qualified Stock Option Agreement ("Award Agreement") is made and effective as of [OPTION DATE] ("Date of Grant") between Akorn, Inc. (the "Corporation") and [FIRST NAME —LAST NAME] (the "Participant") pursuant and subject to the provisions of the Akorn, Inc. 2014 Stock Option Plan (the "Plan"). This Award Agreement is not intended to qualify as a grant of Incentive Stock Options within the meaning of Code § 422. Unless otherwise defined herein, all terms used in this Award Agreement that are defined in the Plan shall have the meaning as defined in the Plan. View More
Clawback Policy. Notwithstanding any provision of the Plan or this Award Agreement to the contrary, outstanding Non-Qualified Incentive Stock Options may be cancelled, and the Corporation may 5 require the Participant to return Shares (or the value of such Shares when originally paid to the Participant) and any other amount required by applicable law and the Corporation's Clawback Policy to be returned, in the event that such repayment is required in order to comply with the Corporation's Company's Clawback Poli...cy and with any laws or regulations relating to restatements of the Corporation's publicly reported financial results. 6 ACCEPTANCE AND ACKNOWLEDGMENT I, [FIRST NAME — LAST NAME] a resident of the State of [STATE], accept this Award of Non-Qualified Incentive Stock Options described in this Award Agreement and in the Plan, and acknowledge receipt of a copy of the Plan and this Award Agreement. I further acknowledge that I have read the Plan and Award Agreement carefully, I fully understand their contents, and I agree to be bound by the same. 6 EX-10.1 2 a16-10650_1ex10d1.htm EX-10.1 7 EX-10.2 3 a16-10650_1ex10d2.htm EX-10.2 Exhibit 10.1 10.2 AKORN, INC. 2014 STOCK OPTION PLAN FORM OF NON-QUALIFIED INCENTIVE STOCK OPTION AGREEMENT THIS Non-Qualified Incentive Stock Option Agreement ("Award Agreement") is made and effective as of [OPTION DATE] ("Date of Grant") between Akorn, Inc. (the "Corporation") and [FIRST NAME —LAST — LAST NAME] (the "Participant") pursuant and subject to the provisions of the Akorn, Inc. 2014 Stock Option Plan (the "Plan"). This Award Agreement is not intended to qualify as a grant of Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code § 422. of 1986, as amended (the "Code"). Unless otherwise defined herein, all terms used in this Award Agreement that are defined in the Plan shall have the meaning as defined in the Plan. View More
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Clawback Policy. If Grantee is or subsequently becomes a Senior Executive or Chief Accounting Officer of the Company who is subject to the Policy (as hereinafter defined), this Award shall be subject to the Company's Clawback and Recoupment Policy, or any successor policy, as it may be in effect from time to time, including, without limitation, any changes required to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Policy"), and Grantee specifically acknowledges that such Policy s...hall apply to previously granted awards and that the Committee shall have discretion regarding application of the Policy to this Award. View More
Clawback Policy. If Grantee Optionee is or subsequently becomes a Senior Executive or Chief Accounting Officer of the Company who is subject to the Policy (as hereinafter defined), this Award Option shall be subject to the Company's Clawback and Recoupment Policy, or any successor policy, as it may be in effect from time to time, including, without limitation, any changes required to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Policy"), and Grantee Optionee specifically acknow...ledges that such Policy shall apply to previously granted awards and that the Committee shall have discretion regarding application of the Policy to this Award. Option. View More
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Clawback Policy. Notwithstanding any provision of the Plan or this Agreement to the contrary, outstanding RSUs may be cancelled, and the Company may require Holder to return shares of Company Common Stock (or the value of such stock when originally paid to Holder), dividend equivalents (if any) issued under this Agreement and any other amount required by applicable law to be returned, in the event that such repayment is required in order to comply with any laws or regulations relating to restatements of the Comp...any's publicly-reported financial results. View More
Clawback Policy. Notwithstanding any provision of the Plan or this Agreement to the contrary, outstanding RSUs Options may be cancelled, and the Company may require Holder Optionee to return shares of Company Common Stock (or the value of such stock when originally paid issued to Holder), dividend equivalents (if any) Optionee) issued under this Agreement and any other amount required by applicable law to be returned, in the event that such repayment is required in order to comply with any laws or regulations re...lating to restatements of the Company's publicly-reported financial results. View More
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