Have Legal Questions? Ask a Lawyer Now.
As an employee, Bob owes a duty of loyalty, honesty and fair dealing in connection with his performance. The facts here indicate that the price given by Bob was $X. Old Guard then gives Bob 10% of its savings on the deal. That means that the actual price should have been $X + the 10%. Bob has effectively stolen part of the profit that belongs to his employer despite what Old Guard says the 10% represents.
This is information only, NOT legal advice. No attorney-client relationship has been created. Consult an attorney in your state for legal advice regarding your issue.