Example ContractsClausesforfeiture, clawback or recoupmentIdentical
Forfeiture, Clawback or Recoupment
Forfeiture, Clawback or Recoupment contract clause examples

If you are or become a Covered Person under the Company’s Policy for Recoupment of Incentive Compensation, you agree that your Option, and shares issuable upon exercise of the Option, are subject to recoupment, including in connection with a financial restatement or any detrimental conduct, pursuant to and in accordance with the Company’s Policy for Recoupment of Incentive Compensation, as amended from time to time, and pursuant to any other policy the Company may adopt pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, other applicable law, or stock exchange listing standard. No recovery of compensation under such a clawback policy shall be treated as an event giving rise to a right to terminate employment for “good reason” or “constructive termination” (or any similar term) under any agreement with the Company.

UNION PACIFIC CORP (UNP) (CIK 0000100885)
Source: SEC EDGAR database • Date: February 4, 2022 • SIC: 4011 • CIK: 4011

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