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 ?
I think we'd all agree Heather is entitled to a healthy slice of the pounds 1million plus clawed back from them so far.
The HMRC said that it had closed the schemes and retrospectively clawed back GBP500m.
Coral make the seven-year-old a 33-1 chance for the twomile test after he put his stamina to good use and clawed back Cornas for a neck victory, with 15-8 favourite Free World a halflength down in third.
CUSTOMS officers clawed back EUR170,000 in tax from goods which travellers tried to bring back to Ireland without declaring.
But then the Cumbrians clawed back into the game and the home defence had to work to keep them at bay.
TOMMY WRIGHT saved Walsall's blushes as they clawed back a well-deserved point at York Street.
So when UCLA clawed back to within three points and had the ball with 7.
The money to be clawed back in this latest quarterly housekeeping exercise was spent incorrectly by the Member States concerned, usually on ineligible claims for support from farmers.
The money is part of a total of pounds 58m being clawed back from all but four of the 15 EU countries mainly because of 'inadequate controls' on the way the money was used.
The school talk came the day after Conservatives clawed back ground from Labour in local elections across the country - though on Warwick District Council the Tory group lost three seats.
Cameron was hoodwinked into thinking there would be an autumn election, when he and his party had clawed back a lead in the polls.