16:47
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
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LSDefine
Simple English definitions for legal terms
clawback
Read a random definition: atavunculus
A quick definition of clawback:
Clawback: When someone takes back money that they gave to someone else. It can also mean when the government takes away tax benefits by making people pay more taxes.
A more thorough explanation:
Definition: Clawback refers to the act of taking back money that has already been paid out or retrieving tax allowances through additional forms of taxation.
Example 1: A company pays out a bonus to an employee, but later discovers that the employee did not meet the performance criteria for the bonus. The company may then initiate a clawback to retrieve the bonus payment.
Example 2: In some cases, governments may provide tax allowances or incentives to individuals or businesses. However, if it is later discovered that the recipient did not meet the requirements for the allowance, the government may initiate a clawback by imposing additional taxes or penalties.
Both examples illustrate the concept of clawback, which involves taking back money or benefits that were previously paid out. This can occur in various contexts, such as employment contracts, financial transactions, or government policies.