Example ContractsClausesdetrimental activity and recapture provisionsIdentical
Detrimental Activity and Recapture Provisions
Detrimental Activity and Recapture Provisions contract clause examples

With respect to nonemployee directors of the Company, detrimental activity, or the activity otherwise described in clause 7(f)(ii), may occur at any time prior to, or within 24 months of, termination of Continued Employment of the nonemployee director. Notwithstanding any other provision of this clause, with respect to a nonemployee director, any actions taken by a nonemployee director or former nonemployee director who acted in good faith and in the best interests of the Company shall not constitute detrimental activity.

IMPERIAL OIL LTD (IMO) (CIK 0000049938)
Source: SEC EDGAR database • Date: February 22, 2023 • SIC: 2911 • CIK: 2911

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