References in periodicals archive ?
DETROIT, April 30, 2015 /PRNewswire/ -- The UAW Retiree Medical Benefits Trust ("Trust") commends the Bank of America Corporation ("Bank") on its agreement to develop a Compensation Recoupment & Forfeiture Disclosure Policy" ("Policy") by 2016 to guide its decisions to publicly disclose the clawback of senior executive pay as a result of certain misconduct.
All past support payments have now been fully recouped and future recoupments will be made only to the extent of future support payments.
Such accrual and resulting recoupment by Southland will result in the reduction of royalty income from the Waddell Ranch properties available for distribution to unit holders of the Trust in the months that the recoupments are made.