The >| operator forces overwrite even if noclobber is set. This is a shell redirection operator that explicitly overwrites the target file regardless of its existing content or shell options.
The >| operator is bash's explicit 'clobber' redirection: it forces output.log to be overwritten even if the noclobber shell option is enabled, whereas a plain > would refuse to overwrite an existing file under noclobber. So the statement is True, not False.