Employee acknowledgment of the company's Incentive Compensation Clawback Policy, including recoupment conditions, covered compensation, and applicable SEC/NYSE/Nasdaq requirements under the Dodd-Frank Act.
The Incentive Compensation Clawback Policy Acknowledgment is a ready-to-use employment & hr template you can send for signature in minutes. It is written for 1 signer (employee) and, by default, expires 30 days after it is sent if left unsigned. It covers policy, employment, clawback, compensation, dodd frank, sec. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Incentive Compensation Clawback Policy Acknowledgment **Acknowledgment Date:** ___________ ## Company Information **Company Name:** ___________ ("Company") **Policy Version / Effective Date:** ___________ **Exchange / Listing Status:** ___________ ## Employee Information **Employee Name:** ___________ **Employee ID:** ___________ **Department:** ___________ **Job Title:** ___________ **Covered Officer / Executive:** ___________ --- ## Incentive Compensation Clawback Policy — Summary ### 1. Purpose and Regulatory Background The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), Section 954, directed the SEC to adopt rules requiring listed companies to implement and enforce clawback policies for executive compensation. The SEC finalized Rule 10D-1 under the Securities Exchange Act of 1934 on October 26, 2022 (effective January 27, 2023), and the NYSE and Nasdaq adopted conforming listing standards effective October 2, 2023. This policy is intended to comply with those requirements and, where applicable, supplements any broader recoupment authority the Company retains as a matter of contract or equity. ### 2. Covered Compensation The clawback obligation under the SEC's mandatory rule applies to **Incentive-Based Compensation**, defined as any compensation that is granted, earned, or vested based wholly or in part on the attainment of a financial reporting measure. This includes, but is not limited to: (a) annual cash bonuses or short-term incentive plan (STIP) awards tied to financial metrics such as revenue, earnings, operating income, EBITDA, or total shareholder return;