Definition of malus:
°The return of performance-related compensation originally payed by an employer to an employee as a result of the discovery of a defect in the
performance.
"The bank fired the loan originator when they recovered the last two years of his bonuses under the malus clause in his contract."
Definition of malus:
°The return of performance-related compensation originally payed by an employer to an employee as a result of the discovery of a defect in the
performance.
"The bank fired the loan originator when they recovered the last two years of his bonuses under the malus clause in his contract."