Claw back definition
WebThe repayment to a creditor or a rights holder of money that should not have been transferred, e.g. money transferred pursuant to a contract with a third party creditor just before declaring bankruptcy. The money transferred pursuant to this type of preferential transfer may be clawed back. MONEY PAID When one advances money for the benefit … WebClawback definition: Clawback is the act of taking back money that has already been paid, or the amount that... Meaning, pronunciation, translations and examples
Claw back definition
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WebMar 24, 2024 · Clawback is a provision under which money that’s already been paid out must be returned to the employer or the firm. This is a special contractual clause, used … WebThe repayment to a creditor or a rights holder of money that should not have been transferred, e.g. money transferred pursuant to a contract with a third party creditor just …
Webnoun. the recovery of previously dispensed or protected money or benefits through a contractual provision or tax law, typically triggered to counter a shortfall in … Webclawback. 1. A provision in an incentive stock option that requires an employee to reimburse the company for any gains from exercising options in the event the employee goes to …
Webclaw back: [verb] to get back (something, such as money) by strenuous or forceful means (such as taxation). WebUBS Warburg LLC, 216 F.R.D. 280, 290 (S.D.N.Y. 2003) (noting that parties may enter into “so-called ‘claw-back’ agreements that allow the parties to forego privilege review altogether in favor of an agreement to return inadvertently produced privilege documents”). The rule provides a party with a predictable protection from a court ...
WebCourts have prohibited a clawback if the initial payment resulted from the payor’s mistake. Unfortunately, insurance clawbacks are common. However, you can take steps to defend yourself against a clawback effort. Invest resources into your claims department, accurately document your services, and routinely audit your claims for the best ...
Webnoun. claw· back ˈklȯ-ˌbak. plural clawbacks. : the act or an instance of getting back money or benefits previously given out: such as. a. : the recovery of tax allowances by additional … fred astaire and rita hayworth your loveWebNov 2, 2024 · The dictionary definition of a clawback is “to get back (something, such as money) by strenuous or forceful means.”. In the case of rewards credit cards, this takes the form of a bank reversing points, miles or even statement credits you previously received because they’ve decided you’ve done something against their terms and conditions ... blendtrac softwareA 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. They are most often used in the financial … See more Following the financial crisis of 2008, clawback clauses have become more common since they allow a company to recover incentive-based pay from CEOs if there is misconduct or any discrepancies in the company's … See more Several proposed and enacted federal laws allow clawbacks of executive compensation based on fraud or accounting errors. Companies may also write clawback provisions into employee contracts, whether … See more The term clawback can also be found in some other settings. In private equity, it refers to the limited partners' right to reclaim part of the general partners' carried interest, in … See more blend tool illustrator shortcutWebMar 23, 2024 · Clawback: Definition, Meaning, How It Works, and Example A clawback is a situation in which an employer or benefactor reclaims money that has already been given … fred astaire and rita hayworth youtubeWebDefinition of claw back in the Definitions.net dictionary. Meaning of claw back. What does claw back mean? Information and translations of claw back in the most comprehensive … fred astaire and robert wagner tv seriesWebto get possession of something again with difficulty: The airline is beginning to claw back some of the business it lost after the bomb explosion. If the government, for example, … blend tree unity animatorWebApr 24, 2015 · The concept of clawback stems from the principle of fair exchange. Investopedia provides a very succinct definition of ‘clawback’; “Money or benefits that … blend travel insurance