Indebtedness of Eligible Employees. If a terminating employee is indebted to the Company or an affiliate of the Company at his or her termination date, the Company reserves the right to offset any severance payments under the Plan by the amount of such indebtedness.
Appears in 4 contracts
Samples: Employment Agreement (Cerus Corp), Change in Control Severance Agreement (Molecular Devices Corp), Change in Control Severance Agreement (Molecular Devices Corp)
