The following Share Incentives guidance note provides comprehensive and up to date legal information covering:
Produced in partnership with Sam Whitaker of Shearman & Sterling LLP
If, at any time in the [three] years following the payment of a bonus to you, the [Board OR Remuneration Committee] determines in its absolute discretion that any of the events specified in sub-clauses 1.1 to 1.4 of this clause have occurred, it may require reimbursement by you of all or part of the relevant bonus payment made to you (whether or not you are still in employment with the Company or any other Group Company), such reimbursement to be implemented in accordance with clause 2:
[the Company or any other Group Company having to restate all or a portion of its financial statements to a material degree OR your gross negligence, fraud, dishonesty or other misconduct has caused or contributed to the Company or any other Group Company having to restate all or a portion of its financial statements to a material degree];
your gross negligence, fraud, dishonesty or other misconduct or you having committed any other act or omission which would entitle (or, where your employment has terminated prior to the date on which the
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234