Post-Termination Forfeiture of Severance Benefits. If Sears determines after Executive’s Date of Termination that Executive engaged in activity during employment with Sears that Sears determines constituted Cause, Executive shall immediately cease to be eligible for Severance Benefits and shall be required to reimburse Sears for any portion of the Salary Continuation paid to Executive and for the cost of other Severance Benefits received by Executive during the Salary Continuation Period.
Appears in 14 contracts
Samples: Executive Severance Agreement, Executive Severance Agreement, Executive Severance Agreement (Sears Holdings Corp)
Post-Termination Forfeiture of Severance Benefits. If Sears determines within 12 months after Executive’s Date of Termination that Executive engaged in activity during employment with Sears that Sears determines constituted Cause, Executive shall immediately cease to be eligible for Severance Benefits and shall be required to reimburse Sears for any portion of the Salary Continuation and, if applicable, the additional amount equal to the Special Cash Award, paid to Executive and for the cost of other Severance Benefits received by Executive during the Salary Continuation Period.
Appears in 1 contract
Samples: Executive Severance Agreement (Sears Holdings Corp)
