Common use of Notification to the Company Clause in Contracts

Notification to the Company. During the period of time that the Employee is subject to the provisions of Section 13(a) of this Agreement, the Employee shall notify the Board of Directors of the Company of any occupation or employment which the Employee proposes to take up after termination of employment with the Company and shall furnish to the Company such written or oral information as it may reasonably request concerning such proposed occupation or employment. Upon request of the Employee, the Company agrees to notify the Employee promptly, and in any event within thirty (30) days after receipt of the requested information, whether or not the Company considers such occupation, based on the information so furnished or derived from its independent investigation, to come within the provisions of Section 13(a) and, if the Company considers such occupation to come within the provisions of Section 13(a), whether the Company will waive any of the provisions thereof.

Appears in 5 contracts

Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)

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Notification to the Company. During the period of time that the Employee is subject to the provisions of Section 13(a12(a) of this Agreement, the Employee shall notify the Board of Directors of the Company of any occupation or employment which the Employee proposes to take up after termination of employment with the Company and shall furnish to the Company such written or oral information as it may reasonably request concerning such proposed occupation or employment. Upon request of the Employee, the Company agrees to notify the Employee promptly, and in any event within thirty (30) days after receipt of the requested information, whether or not the Company considers such occupation, based on the information so furnished or derived from its independent investigation, to come within the provisions of Section 13(a12(a) and, if the Company considers such occupation to come within the provisions of Section 13(a12(a), whether the Company will waive any of the provisions thereof.

Appears in 4 contracts

Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)

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