malus (1 synonym found)

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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."
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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."
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