Clawback Clause Example from Business Contracts

This example Clawback clause appears in 2 contracts from 1 company

Clawback. The Option shall be subject to mandatory repayment by the Optionee to the Company to the extent the Optionee is, or in the future becomes, subject to (a) any Company "clawback" or recoupment policy, or (b) any applicable laws which impose mandatory recoupment, under circumstances set forth in such applicable laws.
Found in PS Business Parks, Inc. contract
PS Business Parks, Inc. Contracts

Restated Non-Qualified Stock Option Agreement between PS Business Parks, Inc. and Employee under 2012 Equity and Performance-Based Incentive Compensation Plan (Filed With SEC on October 28, 2020)

PS Business Parks, Inc. Non-Qualified Stock Option Agreement under 2012 Equity and Performance-Based Incentive Compensation Plan (Filed With SEC on October 28, 2020)