Clawback Recovery Clause Example from Business Contracts

Clawback Recovery. All payments and severance benefits provided under the Plan will be subject to recoupment in accordance with any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company's securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or other applicable law. No recovery of compensation under such a clawback policy will be an event giving rise... to a right to resign for "good reason," Constructive Termination or any similar term under any plan of or agreement with the Company. View More