Overstated Financial Results or Other Metrics, Fraud, Malfeasance or Purposeful Misstatement. In addition to any terms as the Committee may determine, all awards under the Plan are subject to the Corporation’s Clawback Policy which provides for potential forfeiture and/or recovery by the Corporation of # excess awards received by any Participant upon a determination that the awards were based upon financial results or other metrics that were misstated or otherwise inaccurate, either for business units of the Corporation or the Corporation as a whole, and # all such awards received by any Participant upon a determination that the Participant had responsibilities for the accounting that led to the misstatement or inaccuracy, or committed fraud or other malfeasance while employed by the Corporation.
Return on equity
Gross margin return on investment
FAR Results. In the event that the FAR demonstrates that the requirements of the Statement of Work are met with respect to the relevant Customer Satellite, Customer shall provide written confirmation to Contractor (within seven (7) Calendar Days after Customer receives written notice of completion of the FAR from Contractor) of its concurrence with the results of the FAR (it being expressly understood that such confirmation does not constitute a waiver of Customer’s right to compel correction of any defects, or any of its
Financial Statements. Year end audited financial statements and unaudited quarterly stub financial statements are available online at www.sec.gov (collectively the Financial Statements). The Financial Statements present fairly, in all material respects, the financial position on the dates thereof and results of operations of BUTTE for the periods indicated, prepared in accordance with generally accepted accounting principles (GAAP), consistently applied. There are no assets of BUTTE the value of which are materially overstated in said Financial Statements.
reputation, business or financial condition, # ’s willful engagement in any malfeasance, dishonesty, fraud or gross misconduct that is intended to or does result in a material detrimental effect on ’s reputation, business or financial condition or # a willful and deliberate failure on the part of to perform his or her employment duties in any material respect.
The amount of the Award was based upon the achievement of certain financial results that were subsequently reduced due to a financial restatement (public restatement) or was based upon one or more materially inaccurate performance metrics;
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
“Internal Control Event” means a material weakness in, or fraud that involves or other employees who have a significant role in, the Borrower’s internal controls over financial reporting, in each case as described in the Securities Laws that has resulted in or could reasonably be expected to result in a misstatement in any material respect, in any financial information delivered or to be delivered to the Administrative Agent or the , of # covenant compliance calculations provided hereunder or # the assets, liabilities, financial condition or results of operations of the Borrower and its Subsidiaries on a consolidated basis that has not been # disclosed to the Administrative Agent, who in turn discloses such material weaknesses to the , and # remedied or otherwise diligently addressed (or is in the process of being diligently addressed) by the Borrower in accordance with recommendations made by the Borrower’s auditors in consultation with the Borrower.
Financial Statements. The INTERLOK Disclosure Schedule contains audited financial statements (consolidated if necessary) for the years ending and 2015. The INTERLOK Financial Statements present fairly, in all material respects, the financial position on the dates thereof and results of operations of INTERLOK for the periods indicated, prepared in accordance with GAAP, consistently applied. Further, the financial statements have been prepared in compliance with [Article 8] for Reg. of the Securities Exchange Act of 1934, as amended (the Exchange Act), and Item (f) and Item of Form 8-K of the Exchange Act. There are no assets of INTERLOK the value of which is materially overstated in said balance sheets.
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