Claw Back With Meaning
Description
How to fill out Clawback Guaranty?
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FAQ
For example, a company might initiate a clawback if they offer a bonus to an employee based on their job performance but later discover their assessment of the performance was incorrect. Clawbacks often refer to money, but they might also apply to legal documents and other significant nonmonetary items.
What Is a Clawback? A clawback is a contractual provision whereby money already paid to an employee must be returned to an employer or benefactor, sometimes with a penalty. Many companies use clawback policies in employee contracts for incentive-based pay like bonuses.
The company is trying to claw back its share of the market. Newcastle managed to claw a goal back.
A clawback provision is a contractual clause typically included in employment contracts by financial firms, by which money already paid to an employee must be paid back to the employer under certain conditions.