Common use of Breach of Confidentiality or Non-Compete Agreements Clause in Contracts

Breach of Confidentiality or Non-Compete Agreements. Notwithstanding anything in this Agreement or the Plan to the contrary, in the event that the Optionee materially breaches the terms of any confidentiality, proprietary rights or non-compete provisions of any agreement entered into with the Company or any Subsidiary (including any confidentiality, proprietary rights or non-compete agreement made in connection with the grant of this Option), whether such breach occurs before or after termination of the Optionee’s employment with the Company or any Subsidiary, the Committee in its sole discretion may immediately terminate all rights of the Optionee under the Plan and this Agreement without notice of any kind and may require the Optionee to disgorge any profits (however defined by the Committee) made by the Optionee relating to this Option or any Option Shares.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Inspire Medical Systems, Inc.), Incentive Stock Option Agreement (Inspire Medical Systems, Inc.), Incentive Stock Option Agreement (Inspire Medical Systems, Inc.)

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Breach of Confidentiality or Non-Compete Agreements. Notwithstanding anything in this Agreement or the Plan to the contrary, in the event that the Optionee materially breaches the terms of any confidentiality, proprietary rights or non-compete provisions of any agreement entered into with the Company or any Subsidiary (including any confidentiality, proprietary rights or non-compete agreement made in connection with the grant of this Option), whether such breach occurs before or after termination of the Optionee’s employment or services with the Company or any Subsidiary, the Committee in its sole discretion may immediately terminate all rights of the Optionee under the Plan and this Agreement without notice of any kind and may require the Optionee to disgorge any profits (however defined by the Committee) made by the Optionee relating to this Option or any Option Shares.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Inspire Medical Systems, Inc.), Non Statutory Stock Option Agreement (Inspire Medical Systems, Inc.)

Breach of Confidentiality or Non-Compete Agreements. Notwithstanding anything in this Agreement or the Plan to the contrary, in the event that the Optionee if Grantee materially breaches the terms of any confidentiality, proprietary rights or non-compete provisions of any agreement entered into with the Company or any Subsidiary (including any confidentiality, proprietary rights or non-compete agreement made in connection with the grant of this Option), whether such breach occurs before or after termination of the OptioneeGrantee’s employment with the Company or any Subsidiary, the Committee in its sole discretion may immediately terminate all rights of the Optionee Grantee under the Plan and this Agreement without notice of any kind and may require the Optionee Grantee to disgorge any profits (however defined by the Committee) made by the Optionee Grantee relating to this Option or any Option Shares.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Vireo Health International, Inc.)

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Breach of Confidentiality or Non-Compete Agreements. Notwithstanding anything in this Agreement or the Plan to the contrary, in the event that the Optionee materially breaches the terms of any confidentiality, proprietary rights confidentiality or non-compete provisions of any agreement entered into with the Company or any Subsidiary (including any confidentiality, proprietary rights confidentiality or non-compete agreement made in connection with the grant of this Option), whether such breach occurs before or after termination of the Optionee’s 's employment or other service with the Company or any Subsidiary, the Committee in its sole discretion may immediately terminate all rights of the Optionee under the Plan and this Agreement without notice of any kind and may require the Optionee to disgorge any profits (however defined by the Committee) made by the Optionee relating to this Option or any Option Shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Broadcom Corp)

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