Common use of Amount to be Recaptured Clause in Contracts

Amount to be Recaptured. The Board has discretion to determine the appropriate amount required to be recaptured, if any, upon a Triggering Event, which is intended to be the compensation in excess of what Freddie Mac would have paid the executive had Freddie Mac taken into consideration the impact of the Triggering Event at the time such compensation was awarded.

Appears in 2 contracts

Sources: Compensation Agreement (Federal Home Loan Mortgage Corp), Employment Agreement (Federal Home Loan Mortgage Corp)

Amount to be Recaptured. The Board has discretion to determine the appropriate amount required to be recaptured, if any, upon a Triggering Event, which is intended to be the compensation in excess of what Freddie F▇▇▇▇▇▇ Mac would have paid the executive had Freddie F▇▇▇▇▇▇ Mac taken into consideration the impact of the Triggering Event at the time such compensation was awarded.

Appears in 2 contracts

Sources: Recapture Agreement (Federal Home Loan Mortgage Corp), Recapture Agreement (Federal Home Loan Mortgage Corp)