Spending Bonus Cash Becomes Risky as Clawbacks Spread (Update1)

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Many U.S. executives opening their 2009 bonus envelopes will find something extra this year: more conditions on whether they can keep their money or stock.  That’s because a growing number of companies are inserting clawback provisions in employment agreements, which puts incentive cash or stock at risk of being rescinded in the future, said Mark Poerio, co-chair of the executive compensation practice in the Washington office of law firm Paul, Hastings, Janofsky & Walker LLP.

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