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

Detrimental Conduct. Any Options granted pursuant to this Agreement and the Plan are intended to align the Optionee’s long-term interests with the long-term interests of the Company. If the Company determines that the Optionee has # engaged in willful fraud that causes harm to the Company or any of its Subsidiaries, either during employment with the Company or after such employment terminates for any reason or # violated the provisions of a non-competition agreement (any such act, “Detrimental Conduct”) the Optionee shall be deemed to have acted contrary to the long-term interests of the Company. Accordingly, the following rules shall apply:

MCDONALDS CORP (MCD) (CIK 0000063908)
Source: SEC EDGAR database • Date: May 4, 2023 • SIC: 5812 • CIK: 5812

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