Sec 304 - Forfeiture of Certain Bonuses and Profits

Section 304 of the Sarbanes-Oxley Act mandates that chief executive officers and chief financial officers return any bonuses, profits or other compensation earned while they were responsible for a material violation of securities laws, with the Securities and Exchange Commission empowered to enforce the forfeiture and assess civil penalties. The provision also requires public companies to adopt policies for recouping such amounts from responsible individuals.