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'''Clawback''' is a procedure for a [[financial]] [[company]] to be refunded bonus payments paid to [[employee]]s in previous years in light of current losses. It is also used to recover commissions paid to other companies. It has been widely proposed in 2009 but seldom used.
'''Clawback''' is a procedure whereby amounts paid to a company, if certain conditions are or are not met, must be repaid.
It is common in economic incentive deals between companies and governments, whereby the company must perform some action (e.g. hire a certain number of employees from the local area, build $X of facilities for the tax rolls). If the company fails to do so, the provision requires the company to repay the incentives.
It is also used for a [[financial]] [[company]] to be refunded bonus payments paid to [[employee]]s in previous years in light of current losses. It is also used to recover commissions paid to other companies.
[[Category:Finance]]
[[Category:Finance]]