What Does Clawback Provisions Mean?

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What does Clawback Provisions mean? Read on to discover the definition & meaning of the term Clawback Provisions - to help you better understand the language used in insurance policies.

Clawback Provisions

Clawback Provisions

Clawback provisions allow boards of directors to demand repayment of performance-based bonuses made to CEO's and CFO's if such bonuses were paid based on fraud or misstatements in financial information.

We hope the you have a better understanding of the meaning of Clawback Provisions.

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