Common use of Commitments of Grantee Clause in Contracts

Commitments of Grantee. Notwithstanding any other provisions of this Agreement or the Plan, in consideration of the grant of Restricted Stock to Grantee, in recognition of the highly competitive nature of the industries in which the Company conducts its business and to further protect the goodwill of the Company and to promote and preserve its legitimate business interests, Grantee agrees that during the period commencing on the Grant Date and ending two years after the date of termination of the Grantee’s employment by the Company, Grantee will not:

Appears in 3 contracts

Samples: Restricted Stock Agreement (Kaydon Corp), Restricted Stock Agreement (Kaydon Corp), Restricted Stock Agreement (Kaydon Corp)

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Commitments of Grantee. Notwithstanding any other provisions of this Agreement or the Plan, in consideration of the grant of Restricted Stock Phantom Shares to Grantee, in recognition of the highly competitive nature of the industries in which the Company conducts Company, Kaydon and its subsidiaries conduct their business and to further protect the goodwill of the Company those entities and to promote and preserve its their legitimate business interests, Grantee agrees that during the period commencing on the Grant Date and ending two years after the date of termination of the Grantee’s employment by the Company, Grantee will not:

Appears in 1 contract

Samples: Phantom Share Award Agreement (Kaydon Corp)

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