Common use of Anti-pirating of Employees Clause in Contracts

Anti-pirating of Employees. For a two (2) year period immediately following the termination of Executive's employment with the Company, Executive agrees not to hire, directly or indirectly, or entice or participate in any efforts to entice to leave the Company's employ, any person who was or is a "key employee" (as hereinafter defined) of the Company at any time during the twelve (12) month period immediately preceding the termination date of Executive's employment with the Company. For purposes of this Agreement, "key employee" means an employee who has an annualized rate of base salary equaling or exceeding fifty thousand dollars ($50,000).

Appears in 6 contracts

Samples: Noncompetition Agreement (Summit Properties Inc), Noncompetition Agreement (Summit Properties Inc), Noncompetition Agreement (Summit Properties Inc)

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Anti-pirating of Employees. For a two (2) year period immediately following the termination of Executive's ’s employment with the Company, Executive agrees not to hire, directly or indirectly, or entice or participate in any efforts to entice to leave the Company's ’s employ, any person who was or is a "key employee" (as hereinafter defined) of the Company at any time during the twelve (12) month period immediately preceding the termination date of Executive's ’s employment with the Company. For purposes of this Agreement, "key employee" means an employee who has an annualized rate of base salary equaling or exceeding fifty thousand dollars ($50,000).

Appears in 1 contract

Samples: Noncompetition Agreement (Summit Properties Inc)

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