Recoupment Policy Clause Example with 7 Variations from Business Contracts

Recoupment Policy. (a) Current Recoupment Policy. Pursuant to the Company's recoupment policy and to the extent permitted by governing law, the Board, in its discretion, may seek Recovery of the Award granted to you if you are a Current Executive Officer or Former Executive Officer and you, in the judgment of the Board, commit misconduct or a gross dereliction of duty that results in a material violation of Company policy and causes significant harm to the Company while serving in your capacity as Executive Office...r. (i) Definitions. The following terms, when used in this Section 9, 6, shall have the meaning set forth below: –Rev 12. 20213 (1) "Current Executive Officer" means any individual currently designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (2) "Executive Officer" means any Current Executive Officer or Former Executive Officer. (3) "Former Executive Officer" means any individual previously (but not currently) designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (4) "Recovery" means the forfeiture or cancellation of unvested Units. unexercised Stock Options, whether vested or unvested. (b) Provisions Required by Law. If the Company subsequently determines that it is required by law to apply a "clawback" or alternate recoupment provision to outstanding Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or recoupment provision also shall apply to this Award, as applicable, as if it had been included on the Grant Date and the Company shall notify you of such additional provision. View More

Recoupment Policy. (a) Current Recoupment Policy. Pursuant to the Company's recoupment policy and to the extent permitted by governing law, the Board, in its discretion, may seek Recovery of the Award granted to you if you are a Current Executive Officer or Former Executive Officer and you, in the judgment of the Board, commit misconduct or a gross dereliction of duty that results in a material violation of Company policy and causes significant harm to the Company while serving in your capacity as Executive Office...r. (i) Definitions. The following terms, when used in this Section 9, 6, shall have the meaning set forth below: –Rev 1. 20203 (1) "Current Executive Officer" means any individual currently designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (2) "Executive Officer" means any Current Executive Officer or Former Executive Officer. (3) "Former Executive Officer" means any individual previously (but not currently) designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (4) "Recovery" means the forfeiture or cancellation of unvested Units. unexercised Stock Options, whether vested or unvested. (b) Provisions Required by Law. If the Company subsequently determines that it is required by law to apply a "clawback" or alternate recoupment provision to outstanding Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or recoupment provision also shall apply to this Award, as applicable, as if it had been included on the Grant Date and the Company shall notify you of such additional provision. View More

Recoupment Policy. –Rev 1. 20213 (a) Current Recoupment Policy. Pursuant to the Company's recoupment policy and to the extent permitted by governing law, the Board, in its discretion, may seek Recovery of the Award granted to you if you are a Current Executive Officer or Former Executive Officer and you, in the judgment of the Board, commit misconduct or a gross dereliction of duty that results in a material violation of Company policy and causes significant harm to the Company while serving in your capacity as Ex...ecutive Officer. (i) Definitions. The following terms, when used in this Section 9, 6, shall have the meaning set forth below: (1) "Current Executive Officer" means any individual currently designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (2) "Executive Officer" means any Current Executive Officer or Former Executive Officer. (3) "Former Executive Officer" means any individual previously (but not currently) designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (4) "Recovery" means the forfeiture or cancellation of unvested Units. unexercised Stock Options, whether vested or unvested. (b) Provisions Required by Law. If the Company subsequently determines that it is required by law to apply a "clawback" or alternate recoupment provision to outstanding Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or recoupment provision also shall apply to this Award, as applicable, as if it had been included on the Grant Date and the Company shall notify you of such additional provision. View More

Recoupment Policy. (a) Current Recoupment Policy. Pursuant to the Company's recoupment policy and to the extent permitted by governing law, the Board, in its discretion, may seek Recovery of the Award granted to you if you are a Current Executive Officer or Former Executive Officer and you, if, in the judgment of the Board, you commit misconduct or a gross dereliction of duty that results in a material violation of Company policy and causes significant harm to the Company while serving in your capacity as Executiv...e Officer. (i) Definitions. The following terms, when used in this Section 9, shall have the meaning set forth below: (1) "Current Executive Officer" means any individual currently designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (2) "Executive Officer" means any Current Executive Officer or Former Executive Officer. (3) "Former Executive Officer" means any individual previously (but not currently) designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (4) "Recovery" means the forfeiture or cancellation of unvested Units. -Rev. 12.2021 3 TSR Program (b) Provisions Required by Law. If the Company subsequently determines that it is required by law to apply a "clawback" or alternate recoupment provision to outstanding Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or recoupment provision also shall apply to this Award, as applicable, as if it had been included on the Grant Date and the Company shall notify you of such additional provision. View More

Recoupment Policy. (a) Current Recoupment Policy. Pursuant to the Company's recoupment policy and to the extent permitted by governing law, the Board, in its discretion, may seek Recovery of the Award granted to you if you are a Current Executive Officer or Former Executive Officer and you, if, in the judgment of the Board, you commit misconduct or a gross dereliction of duty that results in a material violation of Company policy and causes significant harm to the Company while serving in your capacity as Executiv...e Officer. (i) Definitions. The following terms, when used in this Section 9, shall have the meaning set forth below: (1) "Current Executive Officer" means any individual currently designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (2) "Executive Officer" means any Current Executive Officer or Former Executive Officer. (3) "Former Executive Officer" means any individual previously (but not currently) designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (4) "Recovery" means the forfeiture or cancellation of unvested Units. -Rev. 1.2021 3 TSR Program (b) Provisions Required by Law. If the Company subsequently determines that it is required by law to apply a "clawback" or alternate recoupment provision to outstanding Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or recoupment provision also shall apply to this Award, as applicable, as if it had been included on the Grant Date and the Company shall notify you of such additional provision. View More

Recoupment Policy. (a) Current Recoupment Policy. Pursuant to the Company's recoupment policy and to the extent permitted by governing law, the Board, in its discretion, may seek Recovery of the Award granted to you if you are a Current Executive Officer or Former Executive Officer and you, in the judgment of the Board, commit misconduct or a gross dereliction of duty that results in a material violation of Company policy and causes significant harm to the Company while serving in your capacity as Executive Office...r. (i) Definitions. The following terms, when used in this Section 9, shall have the meaning set forth below: (1) "Current Executive Officer" means any individual currently designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (2) "Executive Officer" means any Current Executive Officer or Former Executive Officer. (3) "Former Executive Officer" means any individual previously (but not currently) designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (4) "Recovery" means the forfeiture or cancellation of unvested Units. -Rev. 12.2021 3 FCF Program (b) Provisions Required by Law. If the Company subsequently determines that it is required by law to apply a "clawback" or alternate recoupment provision to outstanding Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or recoupment provision also shall apply to this Award, as applicable, as if it had been included on the Grant Date and the Company shall notify you of such additional provision. View More

Recoupment Policy. (a) Current Recoupment Policy. Pursuant to the Company's recoupment policy and to the extent permitted by governing law, the Board, in its discretion, may seek Recovery of the Award granted to you if you are a Current Executive Officer or Former Executive Officer and you, in the judgment of the Board, commit misconduct or a gross dereliction of duty that results in a material violation of Company policy and causes significant harm to the Company while serving in your capacity as Executive Office...r. (i) Definitions. The following terms, when used in this Section 9, shall have the meaning set forth below: (1) "Current Executive Officer" means any individual currently designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (2) "Executive Officer" means any Current Executive Officer or Former Executive Officer. (3) "Former Executive Officer" means any individual previously (but not currently) designated as an "officer" "executive officer" by the Board for purposes of Section 16 of under Rule 3b-7 under the Securities Exchange Act of 1934, as amended. (4) "Recovery" means the forfeiture or cancellation of unvested Units. Units.-Rev. 1.2021 3 FCF Program (b) Provisions Required by Law. If the Company subsequently determines that it is required by law to apply a "clawback" or alternate recoupment provision to outstanding Awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or recoupment provision also shall apply to this Award, as applicable, as if it had been included on the Grant Date and the Company shall notify you of such additional provision. View More