Category Archives: Clawback provisions

In Buc-ee’s Retention Pay Squabble, Former Manager Scores Big Payback from Appellate Court

A Texas appellate court recently stiff-armed the Buc-ee’s convenience store chain for a poorly considered retention pay provision that amounted to “unenforceable restraints of trade.” The court’s interpretation of the retention pay provision is a learning opportunity for employers who … Continue reading

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Executive Compensation Under the Microscope

It looks like compensation committees at J.P. Morgan Chase and Citigroup Inc. are keenly aware of the role that public perception and company performance plays in setting executive compensation, particularly in light of the financial industry’s recent poor performance (and … Continue reading

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“Say on Pay” Hasn’t Hurt Exec Compensation–Yet

There’s clearly some nervousness among executives these days, given that shareholders now have a “say on pay.” But by most accounts, they don’t need to be all that nervous. “Say on pay” is a provision of Dodd-Frank that allows shareholders to cast an advisory … Continue reading

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