Clawback

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Clawback

A dividend clawback is an arrangement whereby the equity owners commit to use dividends they have received in the past to finance the cash needs of the project or corporation in the future. Clawback has a more general definition. For example, premiums paid on an insurance policy may be refunded (or clawed back) if the policy is cancelled in a certain time frame. Such an arrangement is specified in the contract and referred to as a clawback provision.

Clawback

1. A drop in a security's price after a previous rise.

2. Money that must be refunded or given back for some reason or other. The term especially applies to tax advantages extended to a taxpayer subject to certain conditions that the taxpayer did not fulfill.

clawback

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 work for a direct competitor within a specified number of months of exercise.
2. Excessive management share of profits that must be refunded to investors of a venture capital fund. A clawback is required when managers of a venture capital fund take a contractual share of early investment gains that are subsequently reduced by losses.
References in periodicals archive ?
Although the Chief Dental Officer has said that the PCTs can be flexible about this and use their discretion, the local PCT has taken a hard line and said that everyone who has under-delivered will have the money clawed back.
Sprint starters Swan raced into a 4-1 lead before the home side clawed back to earn extra-time.
Money is only clawed back if a councillor hasn't committed it to be spent on any schemes before they retire or lose their seat and that is what happened in this case.
But it closed in 2002 with pounds 2million clawed back.
Figures from the Irish Association of Investment Managers confirm that the 250,000 adults that opened investment SSIAs have now clawed back losses sustained during the equity market slump.
The win hoisted the champions up to third, two points behind leaders Ajax, who clawed back from a goal down to win 3-2 and wreck Groningen's unbeaten record.
Elton Brand had 17 points and seven rebounds, and Corey Maggette had 16 points and six rebounds for the Clippers (6-6), who clawed back to .
In 1997-8 when Arsenal won, United were 12 points clear so an eight point deficit in November can be clawed back.
THE Silver Lure `A' team clawed back a one point deficit going into the final leg to win the Clyde & West Winter Shore Knockout for the second year running.
A spokeswoman said the cash from disability claims over a five-year period had to be clawed back otherwise they were being compensated twice.
The Clippers clawed back to trail by 15 points two minutes later, but at the end of the third, they trailed 78-58.
Robbie Peers' men were in command with a 56-41 lead, but the Tigers clawed back to trail just 80-76 with a little more than two minutes remaining.