Clawback Clause Example from Business Contracts

This example Clawback clause appears in 3 contracts from 1 company

Clawback. The Option shall be subject to mandatory repayment by the Participant to the Company to the extent the Participant is, or in the future becomes, subject to (a) any Company "clawback" or recoupment policy that is adopted to comply with the requirements of any applicable laws, or (b) any applicable laws which impose mandatory recoupment, under circumstances set forth in such applicable laws.
Found in Public Storage contract
Public Storage Contracts

Form of 2016 Plan and 2007 Plan Restated Employee Non-Qualified Stock Option Agreement (Filed With SEC on April 30, 2020)

Form of 2016 Plan Employee Non-Qualified Stock Option Agreement (Filed With SEC on April 30, 2020)

Form of 2016 Plan Performance-Based Non-Qualified Stock Option Agreement (Filed With SEC on April 30, 2020)