Example ContractsClausesrecoupmentVariants
Recoupment
Recoupment contract clause examples

Recoupment Provision. In the event of intentional misconduct of the [[Team Member:Person]] that causes the Company material financial or material reputational harm, or contributes a restatement of the Company’s consolidated financial statements, the Company may take one or more of the following actions with respect to the Award, as determined by the Human Resources & Compensation Committee of the Board in its sole discretion, and the [[Team Member:Person]] shall be bound by such determination:

Recoupment Provision. In the event of intentional misconduct of the [[Team Member:Person]] that causes the Company material financial or material reputational harm, or contributes to a restatement of the Company’s consolidated financial statements, the Company may take one or more of the following actions with respect to the Award, as determined by the Compensation & Human Capital Management Committee of the Board in its sole discretion, and the [[Team Member:Person]] shall be bound by such determination:

Recoupment Provision. In the event of a restatement of the [[Organization A:Organization]]’s consolidated financial statements that is caused, in whole or in part, by the intentional misconduct of the [[Person A:Person]], the [[Organization A:Organization]] may take one or more of the following actions with respect to the Option, as determined by the Human Resources & Compensation Committee of the Board (the “Compensation Committee”) in its sole discretion, and the [[Person A:Person]] shall be bound by such determination:

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