Reemployment Clause Example from Business Contracts

This example Reemployment clause appears in 5 contracts from 1 company

Reemployment. In the event of a Participant's reemployment by the Company of an Affiliate during the period of time in respect of which severance benefits have been provided (that is, benefits as a result of a Qualifying Termination), the Company or the Participant's employing Affiliate, in its sole and absolute discretion, may require such Participant to repay to the Company or an Affiliate all or a portion of such severance benefits as a condition of reemployment.