Common use of Malfeasance (Clawback) Clause in Contracts

Malfeasance (Clawback). If Company determines at any time within two years after Executive’s termination that Executive’s employment could have been terminated for Cause, Company retains the rights to recover any severance benefits provided hereunder to Executive (cash or other). In such case, Executive agrees to promptly repay such amounts to Company.

Appears in 8 contracts

Samples: Severance and Change in Control Agreement (Kbr, Inc.), Severance and Change in Control Agreement (Kbr, Inc.), Severance and Change in Control Agreement (Kbr, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!