Common use of Post-Termination Forfeiture of Severance Benefits Clause in Contracts

Post-Termination Forfeiture of Severance Benefits. If OSH or an OSH Affiliate determines after Executive’s Date of Termination that Executive engaged in activity during employment with OSH that OSH or an OSH Affiliate determines constituted Cause, Executive shall immediately cease to be eligible for Severance Benefits and shall be required to reimburse OSH 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 7 contracts

Samples: Executive Severance Agreement (Orchard Supply Hardware Stores Corp), Executive Severance Agreement (Orchard Supply Hardware Stores Corp), Executive Severance Agreement (Orchard Supply Hardware Stores Corp)

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