Maximum Clawback Clause Samples

The Maximum Clawback clause sets a limit on the amount that can be reclaimed or recovered by one party from another, typically in the context of bonuses, incentives, or other financial benefits. In practice, this clause specifies a cap—such as a percentage of total compensation or a fixed dollar amount—beyond which no further funds can be clawed back, even if triggering events like misconduct or financial restatements occur. Its core function is to provide certainty and protect individuals or entities from unlimited financial exposure, ensuring that the risk of repayment is clearly defined and manageable.
Maximum Clawback. Notwithstanding anything contained in the Agreement, the Invest- ment Target Clawback cannot be negative or greater than the Ontario Support. Upon notice to the Recipient, interest shall accrue on the calculated amount in accordance with section 10.6.
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Maximum Clawback. In no event will Company be required to pay more than the total amount of all City and State LEDA Funds that the Company actually receives, for all Clawbacks in the aggregate.
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Maximum Clawback. In no event will Interfaith be required to pay more than the total amount of all LEDA Funds that Interfaith actually receives, for all Clawbacks in the aggregate.
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Maximum Clawback. In no event will the Company be required to pay more than the total amount of all LEDA Funds that the Company receives from the County, for all Clawbacks in the aggregate.
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Related to Maximum Clawback

  • Maximum Compensatory Time Employees may accumulate no more than one hundred and sixty (160) hours of compensatory time.

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.