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 ?
Nicholas Leeming, Zoopla director, says: "The property market is back on the right track with most regions having clawed back some of the ground lost at the end of last year.
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 airport has clawed back more than pounds 4.7m - but pounds 3.8m will still go to Mr Parkin and pounds 1.5m to the estate of Mr Friis.
'It's too early to tell how much of the money will be clawed back.
WARWICKSHIRE residents have clawed back more than a quarter of a million pounds in refunds and compensation, thanks to the county's trading standards team.
Gritty Sons had clawed back Accies lead with two minutes remaining when Pat Flannery levelled with a penalty.
CITY cannot separate Formula One's top pair Mika Hakkinen and Michael Schumacher after the German clawed back four points of his rival's world championship lead at Monza yesterday, writes Phil Agius.
Ms Constance will stress the abolition of the bedroom tax cannot be counted as benefit income when it comes to the UK Governments benefit cap as it will penalise people by having other UK benefit payments clawed back.
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.