2024年5月22日 · A clawback allows an employer or benefactor to reclaim money that has already been paid out, sometimes with a penalty. They're primarily found in the financial industry.

A clawback provision is a contractual clause typically included in employment contracts by financial firms, by which money already paid to an employee must be paid back to the employer under certain conditions.

2016年12月8日 · The meaning of CLAWBACK is the act or an instance of getting back money or benefits previously given out. How to use clawback in a sentence.

CLAWBACK meaning: 1. a situation in which a government or company takes back money that it has already paid: 2. a…. Learn more.

2022年2月11日 · Clawback is a clause in an employment agreement or other financial contracts whereby beneficiaries are subject to repay the incentives they received from time to time given the requirements of the benefactor.

CLAWBACK definition: 1. a situation in which a government or company takes back money that it has already paid: 2. a…. Learn more.

2025年2月2日 · Clawback provisions introduce complex tax implications for both employees and employers. Employees often face challenges repaying income that was already taxed in a previous year. Under U.S. tax law, they cannot simply amend prior-year returns to recover those taxes. Instead, they can rely on the “claim of right” doctrine under IRC Section ...

2024年11月4日 · A clawback clause within an employment or business contract permits a company to reclaim bonus funds or incentives previously paid to an employee. It’s typically used to prevent employees from providing inaccurate information or improperly using a …

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 mostly in financial firms, for money paid for services to be returned under special circumstances or events as stated in the contract.

2024年7月30日 · A clawback is a legal provision that companies use to help them retrieve already distributed money from an employee. For companies to execute a clawback correctly, they need to have a contract with the employee where they include a …