The Clawback Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring both editable and printable versions for your convenience.
Clawback Agreement Template UK Editable – PrintableSample
Clawback Agreement Template UK 1. Parties Involved 2. Second Party Information 3. Purpose of the Agreement 4. Definitions 5. Conditions for Clawback 6. Notification Procedures 7. Calculation of Clawback Amount 8. Payment Terms for Clawback 9. Governing Law 10. Signatures and Acknowledgment 11. Declarations and Signatures
PDF
WORD
Examples
[Name of the Company]
[Company Registration Number]
[Company Address]
[Company Phone]
[Company Email]
[Name of the Employee]
[Employee ID]
[Employee Address]
[Employee Phone]
[Employee Email]
This Clawback Agreement outlines the terms under which the Company reserves the right to reclaim bonuses or incentives awarded to the Employee under certain conditions, commencing on [Start Date].
The Company may exercise clawback rights under circumstances including but not limited to: [List events such as restatement of financials, misconduct, or violation of policies].
In the event that clawback provisions are activated, the Company will provide the Employee with written notice detailing the reasons and amount to be reclaimed, giving the Employee [Notice Period, e.g., 30 days] to respond.
The total amount subject to clawback shall include: [Details on bonuses, incentives, or compensation that may be reclaimed].
The Employee agrees to repay any amounts reclaimed under this agreement within [Repayment Terms, e.g., 30 days] of receipt of the clawback notice.
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Company Representative]
[Name of the Company Representative]
[Signature of the Employee]
[Name of the Employee]
[Name of the Company]
[Company Registration Number]
[Company Address]
[Company Phone]
[Company Email]
[Name of the Employee]
[Employee ID]
[Employee Address]
[Employee Phone]
[Employee Email]
This agreement establishes the conditions under which the Company may reclaim compensation that is determined to be unearned or improper as a result of actions specified herein, effective as of [Start Date].
Clawback rights will be triggered in situations such as: [Explain specific circumstances, e.g., fraud, gross negligence, or significant error].
Upon determining the need for clawback, the Company will notify the Employee in writing, providing details of the basis for the clawback and the specific amounts within [Notice Period].
The amount subject to clawback may include, but is not limited to: [Details on bonuses, commissions, and other incentives that may be reclaimed].
The Employee agrees to repay the asserted amount through [Specify repayment terms, e.g., lump sum or installments], with the first payment due within [Repayment Due Date].
Both parties are required to comply with applicable laws and regulations in respect of the clawback provisions outlined in this agreement.
[Signature of the Company Representative]
[Name of the Company Representative]
[Signature of the Employee]
[Name of the Employee]
Printable
