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- In finance, a clawback refers to12:
- A contractual provision where money already paid to an employee must be returned to an employer or benefactor, sometimes with a penalty.
- Often used in employee contracts for incentive-based pay like bonuses.
- Commonly used in the financial industry.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A clawback is a contractual provision whereby money already paid to an employee must be returned to an employer or benefactor, sometimes with a penalty. Many companies use clawback policies in employee contracts for incentive-based pay like bonuses. They are most often used in the financial industry.www.investopedia.com/terms/c/clawback.aspThe term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract.en.wikipedia.org/wiki/Clawback - People also ask
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