• Bonus Compensation and Clawbacks: What Employers Need To Know
  • June 29, 2009 | Authors: Gretchen Harders; Susan Gross Sholinsky
  • Law Firm: Epstein Becker & Green, P.C. - New York Office
  • Employers recently have been exploring the use of "clawbacks" to recover bonus compensation payable to employees. Clawbacks are contractual provisions that require an employee to repay compensation received from an employer following events such as an employee's termination of employment, to compensate the employer in the event of an employee's misconduct, to use as a retention incentive, or upon an employee's departure and subsequent work for a competitor.