Common use of Clawbacks Clause in Contracts

Clawbacks. Notwithstanding anything herein to the contrary, if Sempra Energy determines, in its good faith judgment, that if the Executive is required to forfeit or to make any repayment of any compensation or benefit(s) to the Company under the Xxxxxxxx-Xxxxx Act of 2002 or pursuant to the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act or any other law or pursuant to any formal policy of Sempra Energy, such forfeiture or repayment shall not constitute Good Reason.

Appears in 42 contracts

Samples: Sempra Energy Severance Pay Agreement (Southern California Gas Co), Sempra Energy Severance Pay Agreement (Southern California Gas Co), Sempra Energy Severance Pay Agreement (Southern California Gas Co)

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Clawbacks. Notwithstanding anything herein to the contrary, if Sempra Energy determines, in its good faith judgment, that if the Executive is required to forfeit or to make any repayment of any compensation or benefit(s) to the Company under the Xxxxxxxx-Xxxxx Act of 2002 or pursuant to the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act or any other law or pursuant to any formal policy of Sempra Energy, such forfeiture or repayment shall not constitute Good Reason. Section 12.

Appears in 1 contract

Samples: Severance Pay Agreement

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