Convert To Word Word Contracts For Free

A clawback clause within an employment or business contract permits a company to reclaim bonus funds or incentives previously paid to an employee. It's typically used to prevent employees from providing inaccurate information or improperly using a company's fiscal data.

A clawback is a contractual provision whereby money already paid to an employee must be returned to an employer or benefactor, sometimes with a penalty. Many companies use clawback policies in employee contracts for incentive-based pay like bonuses.

For example, a company might initiate a clawback if they offer a bonus to an employee based on their job performance but later discover their assessment of the performance was incorrect. Clawbacks often refer to money, but they might also apply to legal documents and other significant nonmonetary items.

Employee agrees that the Company shall have the right to require Employee to repay the value of the shares received by Employee pursuant to this Agreement, as may be required by law (including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing rules and regulations ...

Since nearly everyone can use and understand Word, it makes sense to attempt to use it for contracts. There's almost no chance that a contract recipient won't know how to open a Word document. Word documents are just as portable as PDFs, making them easy to send via email or messaging services.

How to Create Fillable Forms in Microsoft Word Enable Developer Tab. Open Microsoft Word, then go to the File Tab > Options > Customize Ribbon > check the Developer Tab in the right column > Click OK. Insert a Control. ... Edit Filler Text. ... Design Mode button again to exit the mode. Customize Content Controls.