Clawback Policy Clause Example with 5 Variations from Business Contracts

Clawback Policy. By accepting the grant of the RSUs 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 -7- Cash-Settled RSU Agreement the Securities an...d Exchange Commission; (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 RSUs 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

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

Clawback Policy. By accepting the grant of the RSUs 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 Commission; (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 RSUs 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

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 RSUs 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 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 d...etermines the Grantee 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