SAH 2019 Proxy Statement
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hange in Control 8QGHU WKH 6WRFN ,QFHQWLYH 3ODQ D ³FKDQJH LQ FRQWURO´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orfeiture and Clawback 7KH 6WRFN ,QFHQWLYH 3ODQ SURYLGHV WKDW LQ DGGLWLRQ WR IRUIHLWXUHV GXH WR YHVWLQJ VFKHGXOHV RU WHUPLQDWLRQ RI VHUYLFH WKH &RPSHQVDWLRQ &RPPLWWHH PD\ VSHFLI\ LQ DQ DZDUG DJUHHPHQW WKDW DQ DZDUG DQG RU D SDUWLFLSDQW¶V ULJKWV SD\PHQWV DQG EHQHILWV ZLWK UHVSHFW WR DQ DZDUG LQFOXGLQJ EXW QRW OLPLWHG WR WKH ULJKW WR UHFHLYH DQ DZDUG WR H[HUFLVH DQ DZDUG WR UHWDLQ DQ DZDUG WR UHWDLQ FDVK RU
Made with FlippingBook
RkJQdWJsaXNoZXIy NzIxODM5