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The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract.
By now, you've probably heard of compensation clawbacks, when financial institutions take back pay from employees who are deemed responsible for acts of negligence, or outright illegal behavior ...
[5] [6] The clawback clause is triggered at the very end of the fund, at a time where the General Partner may have already put the clawback amount to other use. In August 2010, Blackstone Group returned $3 million in carried interest to the limited partner of a fund as part of a clawback provision. [7]
Allen also suggested that overpaid recipients can fight an SSA “clawback” by requesting a reconsideration. In this instance, you can seek a direct appeal because you believe the agency is ...
The SEC’s new clawback rules, which apply to RBC because it trades on the NYSE, require companies to adopt policies to recoup excess pay from current and former executives after a financial ...
Overage or land-sale overage (also called “claw back”) is a term in land sales used to describe a sum of money in addition to the original sale price which a seller of land may be entitled to receive following completion if and when the buyer complies with agreed conditions.
Dodd–Frank Wall Street Reform and Consumer Protection Act; Long title: An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
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