Example ContractsClausesforfeiture, clawback or recoupmentVariants
Remove:

Recoupment. If the Securities and Exchange Commission adopts final rules under Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that require, as a condition to the Company’s continued listing on a national securities exchange (“Exchange”), that the Company develop and implement a policy requiring the recovery of erroneously awarded compensation, and such regulations are applicable to Participant and the Award granted pursuant to this Agreement, then the Award shall be subject to recoupment pursuant to the terms of the rules of the Securities and Exchange Commission and any applicable Exchange and any policy of the Company adopted in response to such rules. The provisions of this Paragraph 13 are in addition to the rights of the Company as set forth in [Section 14(h)] of the Plan.

Recoupment. If the Securities and Exchange Commission adopts final rules underRecoupment Any benefits you may receive hereunder shall be subject to repayment or forfeiture as may be required to comply with # any applicable listing standards of a national securities exchange adopted in accordance with Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that require, as a condition to the Company’s continued listing on a national securities exchange (“Exchange”), that the Company develop and implement a policy requiring the(regarding recovery of erroneously awarded compensation,compensation) and suchany implementing rules and regulations are applicable to Participant and the Award granted pursuant to this Agreement, then the Award shall be subject to recoupment pursuant to the terms of the rules of theU.S. Securities and Exchange Commission adopted thereunder; # similar rules under the laws of any other jurisdiction; and # any applicable Exchange and any policy ofpolicies adopted by the Company adopted in response to implement such rules. The provisions of this Paragraph 13 are in additionrequirements, all to the rights ofextent determined by the Company as set forth in [Section 14(h)] of the Plan.its discretion to be applicable to you.

Section # Recoupment. IfThe Plan will be administered in compliance with Section 10D of the Act, any applicable rules or regulations promulgated by the Securities and Exchange Commission adopts final rules under Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that require, as a condition to the Company’s continued listing on aor any national securities exchange (“Exchange”), thator national securities association on which the Shares may be traded, and any Company policy adopted pursuant to such law, rules, or regulations. In its discretion, moreover, the Committee may require repayment to the Company develop and implementof all or any portion of any Award if the amount of the Award was calculated based upon the achievement of certain financial results that were subsequently the subject of a policy requiringrestatement of the recoveryCompany’s financial statements, the Participant engaged in misconduct that caused or contributed to the need for the restatement of erroneously awarded compensation, and such regulations are applicable to Participantthe financial statements, and the Award granted pursuant to this Agreement, then the Award shall be subject to recoupment pursuantamount payable to the terms ofParticipant would have been lower than the rules ofamount actually paid to the Securities and Exchange Commission and any applicable Exchange and any policy ofParticipant had the Company adopted in responsefinancial results been properly reported. This Section 16.13 will not be the Company’s exclusive remedy with respect to such rules. The provisions of this Paragraph 13 are in addition to the rights of the Company as set forth in [Section 14(h)] of the Plan.matters.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.