Final Considerations. Employment contracts may have post- employment obligations and covenants, and companies sometimes enforce these restrictive covenants through the equity awards by the forfeiture of unpaid equity awards or the clawback of such awards in case of breach of covenants. Furthermore, SOX and ▇▇▇▇-▇▇▇▇▇ also include claw- back provisions that require executives to surrender the vested equity awards under certain circumstances.
Appears in 2 contracts
Sources: Employment Contracts With Post Employment Obligations, Employment Contracts With Post Employment Obligations