All books

Professional

Apps About Coach Log in Start reading

Quantitative Finance · Glossary

What is Malus, clawback?

Also known as: malus · clawback

Definition 10.5 The Desk and the Firm · Chapter 10 — Hiring and Compensation

Malus is the reduction or cancellation of variable pay that has been awarded but not yet vested, for misconduct, a material error or losses that come to light later. Clawback is the recovery of variable pay that has already been paid or has vested.

Read in context →