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

Post-Termination Forfeiture of Severance Benefits. If Pier 1 Imports determines after Executive’s Date of Termination that Executive engaged in activity during employment with Pier 1 Imports that constituted Cause, Executive shall immediately cease to be eligible for Severance Benefits and shall be required to reimburse Pier 1 Imports 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 6 contracts

Samples: Executive Severance Agreement (Pier 1 Imports Inc/De), Executive Agreement (Pier 1 Imports Inc/De), Executive Agreement (Pier 1 Imports Inc/De)

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Post-Termination Forfeiture of Severance Benefits. If Pier 1 Imports determines after Executive’s Date of Termination that Executive engaged in activity during employment with Pier 1 Imports that constituted Cause, Executive shall immediately cease to be eligible for Severance Benefits and shall be required to reimburse Pier 1 Imports 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 1 contract

Samples: Executive Agreement (Pier 1 Imports Inc/De)

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