1. A recovery or reclamation of money, especially a forced return of funds previously paid or awarded.
Usage: Usually plural; common in finance, employment, and government contexts
2. A contractual provision allowing a company or organization to demand repayment of bonuses, compensation, or benefits under specified conditions.
Usage: Business and legal context

Examples

• The bank imposed clawbacks on executive bonuses after the financial scandal.
• Clawbacks of overpaid benefits are common when employees leave before a vesting period ends.
• The company's clawback policy requires executives to return stock awards if performance targets are missed.
• Government agencies have implemented clawbacks to recover fraudulently obtained funds.
• Shareholders demanded clawbacks of CEO compensation due to accounting errors.
• The employment contract included clawbacks if the employee violated non-compete agreements.