Common use of Forfeiture of Payments Clause in Contracts

Forfeiture of Payments. In the event that it is determined that the Employee has breached any of the provisions of the Restrictive Covenants, then the Company may require the Employee to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other benefits derived or received by him as a result of any transaction constituting a breach of any of the provisions of the Restrictive Covenants (the “Benefits”) and the Employee agrees to account for and pay over to the Company any such Benefits.

Appears in 5 contracts

Samples: Employment Agreement (Kintara Therapeutics, Inc.), Employment Agreement (Kintara Therapeutics, Inc.), Employment Agreement (Kintara Therapeutics, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.