A little-known contract clause on the rise in major companies enables employers to take back money they've already paid their execs

Strelka Institute for Media, Architecture and Design/Flickr

• What is a clawback?
• A clawback is a provision in which incentive-based pay, like a bonus, is taken back from an employee by an employer following misconduct or declining profits.
• Clawback clauses in contracts are on the rise among Fortune 100 companies, increasing by 79% from 2005 to 2010.

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Signing a new employment contract takes a lot of diligence — there are a lot of details to look over, from salary and benefits to copyrights and non-compete clauses.

But there's one thing that's often overlooked, typically because prospective employees don't even know to look for it — or that it even exists, for that matter: a clawback clause.See the rest of the story at Business Insider

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