This Practice Note introduces the concepts of malus and clawback provisions and details the practical considerations companies need to consider when using malus and clawback provisions in share option, share award and bonus documentation. The concept of withholding or recovering value from executives if a material adverse event occurs following the award of performance-related pay has become increasingly common in recent years. This Practice Note is written in conjunction with Nick Hipwell, Martin MacLeod and Lucy Boyle of Deloitte LLP.
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