Loss of Entitlements Clause Samples
The Loss of Entitlements clause defines the circumstances under which a party may forfeit certain rights or benefits under an agreement. Typically, this clause applies if a party breaches the contract, fails to meet specific obligations, or engages in prohibited conduct, resulting in the loss of bonuses, commissions, or other contractual entitlements. Its core function is to incentivize compliance with the agreement and protect the non-breaching party by clearly outlining the consequences of non-performance or misconduct.
Loss of Entitlements. In addition to all other rights and remedies available to the Company, the Executive acknowledges and agrees that the Executive will immediately lose and not be entitled to the payments and benefits set out in Section 6.5 or Section 6.6 (if applicable) if the Executive breaches any of the covenants in Article 8.