Anonymous ID: 7b9e69 Nov. 13, 2018, 5:04 p.m. No.3892409   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

In case you shills missed this on Sunday when your lower quality counterparts were bragging about how much $$ they made per bread.

 

https://thelawdictionary.org/article/what-is-a-clawback-provision/

 

Due to the variances in financial instruments over the long-term, more clawback provisions have been added to employment contracts. After 2008, this provision become a way to control employee benefits and prevent fraud. What is a clawback provision?

 

โ€œClawback Provision Restricts Future Bonusesโ€

 

The clawback provision is usually added to financial employment contracts to control the payment of bonuses. Many bonuses continue to be paid on complex financial instruments for years after they are created. If the performance should worsen, the clawback provision forces the original sales agent to give back a portion of this money.

 

Just like insurance claims regarding โ€œActs of God,โ€ financial institutions have realized that they needed to safeguard their compensation package for non-performing financial instruments. Most of these are mortgages or mortgage-backed securities. With the growth of the derivatives markets, the clawback provision is also useful to manage risk.

 

The organization with the employee with the clawback provision, is able to reclaim a portion of any bonus if an investment should worsen. This can also include interest as a penalty on top of the agreed-upon clawback percentage.

 

While you idiots will be looking around wondering where your ass went this is where we will be