Sentence examples for the clawback from inspiring English sources
noun
A rule that permits a party to take back evidentiary materials that were mistakenly turned over to the other party but to which the other party would not have been entitled.
The clawback ensures that employees have the right incentives and can't just run with the money.
The clawback mechanism will be inserted into the corporate governance code.
"And the clawback means that even if he had been paid the full bonus, he must reimburse the bonus".
The clawback issue, which could yet halt the mosque and is separate from the planning consent, is still to play out.
Banks have always been keen to shout about the clawback provisions in their bonus awards, a compulsory feature for a few years now.
Wells Fargo pre-empted that by announcing the clawbacks on Tuesday.
In the future, the Treasury plan also doesn't limit the time period to which the clawbacks can be applied.
Still, the record on the clawbacks issue is enough to make you wonder whether the S.E.C. is doing all it can on this front.
The clawbacks were suggested by financial regulators after the banking crisis in an effort to more closely link pay to performance.
Bank officials said the clawbacks were related to the reputational damage caused to the bank, and would also cover potential future legal liabilities.
