clawback in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Clawback refers to a provision or mechanism allowing an organization to reclaim previously awarded bonuses or compensation under specific circumstances, such as unethical behavior or financial mismanagement.
Sample Sentences
- The company implemented a clawback provision to recover bonuses paid to executives who later engaged in unethical behavior.
- Investors were relieved to hear that the new policy included a clawback mechanism to protect their interests in case of financial mismanagement.
- After discovering accounting irregularities, the board decided to exercise their right to clawback the previous year's compensation from the CEO.
- Clawback agreements are becoming more common in contracts to ensure accountability among top earners in an organization.
- The legal team is currently reviewing the contract clauses to determine the conditions under which funds can be subject to clawback.
- The company implemented a clawback provision to recover bonuses paid to executives if their performance metrics were later found to be inaccurate.
- After the scandal, investors demanded a clawback of funds given to the CEO during the years of inflated earnings reports.
- Under the new policy, any employee found to have engaged in misconduct may face a clawback of their previously awarded stock options.
- The board voted to enforce a clawback clause to reclaim severance payments made to the former CFO following the financial irregularities.
- Clawback agreements are becoming more common as organizations seek to ensure accountability and transparency in executive compensation.
- The company implemented a clawback policy to recover bonuses from executives who failed to meet performance targets.
- After a thorough investigation, the board decided to enforce a clawback on the CEO's recent stock options due to misconduct.
- Investors were relieved to hear about the new clawback provisions that would protect them from excessive risk-taking by management.
- Legal experts discussed the implications of clawback clauses in executive compensation agreements during the conference.
- The government is considering legislation to allow clawbacks in cases of fraud in financial institutions.