Title I - Authorizing the Treasury Department to Buy Mortgage-Related Assets
Sec. 17. Executive compensation.
The Secretary shall require that all entities seeking to sell assets through a program established under this Act meet appropriate standards for executive compensation and shareholder disclosure in order to be eligible, which standards shall include
limits on compensation to exclude incentives for executives to take risks that the Secretary deems to be inappropriate or excessive;
a claw-back provision for incentive compensation paid to a senior executive based on earnings, gains, or other criteria that are later proven to be inaccurate; and
such limitations on the entity paying severance compensation to its senior executives as are determined to be appropriate in the public interest in light of the assistance being given to the entity.