Excessive Incentive-Based Compensation
Excessive Incentive-Based Compensation. The amount of Incentive-Based Compensation paid or granted by the Company or any subsidiary of the Company to a Culpable Executive, both on and after the Effective Date and during the three-year period preceding the date on which the Company is required to prepare the accounting restatement, that based on erroneous data in the original financial statements is in excess, as determined by the Committee, of what otherwise would have been paid or granted to that Culpable Executive assuming that the...
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Found in
Eastman Chemical contract
Excessive Incentive-Based Compensation. Means the amount of Incentive-Based Compensation paid or granted by the Company or any subsidiary of the Company to a Culpable Employee on or after the Effective Date in excess of what would have been paid or granted to that Culpable Employee under the circumstances reflected by the accounting restatement, but in no event will such Excessive Incentive-Based Compensation exceed the total amount of such Incentive-Based Compensation originally paid or granted to that Culpable Employee on or after...
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All Definitions
Found in
Exponent, Inc. contract