Is a clawback enforceable?

They're usually written into an employment contract, like this example of a Nike contract. But a clawback is more than a repayment or refund it's often enforced as a punishment for misconduct or company scandal or following declining profits, according to SmartAsset.

Allegheny Pennsylvania Clawback Guaranty

Name: Allegheny Pennsylvania Clawback Guaranty
Brand: US Legal Forms
Rating: 4.58 (421 reviews)

Category:

Guaranty - Equity Funds

State:

Multi-State

County:

Allegheny

Control #:

US-PE-KAM

Format:

Instant download

Description

This is a sample private equity company form, a Clawback Guaranty. Available in Word format.

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How to fill out Allegheny Pennsylvania Clawback Guaranty?

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FAQ

Clawback provisions in private investment fund agreements are designed to require the general partner to return any excess distributions of carried interest if such distributions exceed the share of profits agreed upon among the investors and the general partner at the fund's outset.

In terms of hedge funds, a clawback clause is a clause in a limited partnership agreement protecting the limited partners from paying more than the agreed upon carried interest percentage when factoring losses.

What is a Clawback Clause? A clawback clause is a provision within a business or employment contract that allowsunder a prescribed set of circumstancesan organization to reclaim incentive or bonus funds previously paid to an employee.

Also known as carry or a performance fee. In private equity, a share of a fund's profits that the general partner is entitled to receive from the fund. This method of compensation is designed to incentivize the general partner to generate profits for the fund.

Most of the ISPs that offer a free installation has a clawback clause, that usually states: If you cancel within 12 months you are liable for the installation. Fair enough - nothing in life is free.

A clawback clause is a provision within a business or employment contract that allowsunder a prescribed set of circumstancesan organization to reclaim incentive or bonus funds previously paid to an employee.

A clawback is a contractual provision that requires an employee to return money already paid by an employer, sometimes with a penalty. Clawbacks act as insurance policies in the event of fraud or misconduct, a drop in company profits, or for poor employee performance.

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.

They're usually written into an employment contract, like this example of a Nike contract. But a clawback is more than a repayment or refund it's often enforced as a punishment for misconduct or company scandal or following declining profits, according to SmartAsset.

Allegheny Pennsylvania Clawback Guaranty

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Is a clawback enforceable?

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