clawback
- noun
- /ˈklɔːˌbæk/
- Specialized
- After the financial scandal, the board decided to initiate a clawback to regain funds that were improperly distributed.
- clawback provisions
Examples
-
Personally, I've always thought the best clawback strategy would be a surtax on incomes over, say, $5 million.
Blog text (30) -
In response to that discovery, she offered up a payment equivalent to a two-year clawback.
Blog text (23) -
It's hard to get the other side to agree to clawback if they have no documents at risk.
Academic text (2007) -
Hopefully, the Fed can do a clawback before that happens because Congress has come to its senses.
Blog text (5) -
Parties also may enter into a type of "clawback" arrangement in which they agree to return documents mistakenly produced when they should have been excluded from discovery for privilege reasons.
Academic text (2007) -
Deferred incentive compensation that continues to vest after termination of employment will remain subject to the Citi clawbacks after termination of employment.
Blog text (21) -
Deferred incentive compensation awarded under DIRAP to any Citi employee, including the named executive officers, is subject to clawbacks (the Citi clawbacks).
Blog text (21) -
The company implemented a clawback policy to recover bonuses awarded to executives accused of wrongdoing.
-
Investors are concerned that the new contracts include a clawback clause to reclaim bonuses based on inflated earnings.
Synonyms
Giving back something lost or paying money for damage
To get back money that you lost or paid out
How Severe
- Specialized
- Formal
- Specialized
Surface Forms
Morphology
Etymology
Clawback paints a picture: it's like an animal's claw grabbing something and pulling it back ('to take back'), so a clawback is money taken back after it has already been paid.