Common use of Covenant Against Hiring Clause in Contracts

Covenant Against Hiring. Seller understands that it is essential to the successful operation of the business to be acquired hereunder that Buyer retain substantially unimpaired ADS's operating organization. Seller agrees that neither he nor it shall purposefully take any action which would induce any employee or representative of Xxxxxx not to become or continue as an employee or representative of Buyer. Without limiting the generality of the foregoing, Seller shall not, whether directly or indirectly through any subsidiary or affiliate, for a three (3) year period from the Closing Date solicit to employ (whether as an employee, officer, director, agent, consultant or independent contractor), or enter into any partnership, joint venture or other business association with, any person who was at any time using the 12 months preceding the Closing Date an employee, partner, representative, or manager of ADS. Provided, however, if the Buyer and Xxxxxx X. Xxxxxx sign a three (3) year employment agreement and thereafter Buyer terminates Xxxxxx X. Xxxxxx other than "for cause" and does not compensate him for the three (3) year period from the Closing, then Xxxxxx and the Principal Shareholders shall have the right, after such termination, to employ Xxxxxx X. Xxxxxx.

Covenant Against Hiring. Seller understands that it is essential to the successful operation of the business to be acquired hereunder that Buyer retain substantially unimpaired ADS's operating organization. Seller agrees that neither he nor it shall purposefully take any action which would induce any employee or representative of Xxxxxx not to become or continue as an employee or representative of Buyer. Without limiting the generality of the foregoing, Seller shall not, whether directly or indirectly through any subsidiary or affiliate, for a three (3) year period from the Closing Date solicit to employ (whether as an employee, officer, director, agent, consultant or independent contractor), or enter into any partnership, joint venture or other business association with, any person who was at any time using during the 12 months preceding the Closing Date an employee, partner, representative, or manager of ADS. Provided, however, if the Buyer and Xxxxxx X. Xxxxxx sign a three (3) year employment agreement and thereafter Buyer terminates Xxxxxx X. Xxxxxx other than "for cause" and does not compensate him for the three (3) year period from the Closing, then Xxxxxx and the Principal Shareholders shall have the right, after such termination, to employ Xxxxxx X. Xxxxxx.

Covenant Against Hiring. Seller understands that it is essential to the successful operation of the business to be acquired hereunder that Buyer retain substantially unimpaired ADS's operating organization. Seller agrees that neither he nor it shall purposefully take any action which would induce any employee or representative of Xxxxxx not to become or continue as an employee or representative of Buyer. Without limiting the generality of the foregoing, Seller shall not, whether directly or indirectly through any subsidiary or affiliate, for a three (3) year period from the Closing Date solicit to employ ({whether as an employee, officer, director, agent, consultant or independent contractor), or enter into any partnership, joint venture or other business association with, any person who was at any time using the 12 months preceding the Closing Date an employee, partner, representative, or manager of ADS. Provided, however, if the Buyer and Xxxxxx X. Xxxxxx sign a three (3) year employment agreement and thereafter Buyer terminates Xxxxxx X. Xxxxxx other than "for cause" and does not compensate him for the three (3) year period from the Closing, then Xxxxxx and the Principal Shareholders shall have the right, after such termination, to employ Xxxxxx X. Xxxxxx.

Covenant Against Hiring. Seller understands that it is essential to the successful operation of the business to be acquired hereunder that Buyer retain substantially unimpaired ADS's operating organization. Seller agrees that neither he nor it shall purposefully take any action which would induce any employee or representative of Xxxxxx not to become or continue as an employee or representative of Buyer. Without limiting the generality of the foregoing, Seller shall not, whether directly or indirectly through any subsidiary or affiliate, for a three (3) year period from the Closing Date solicit to employ (whether as an employee, officer, director, agent, consultant or independent contractor), or enter into any partnership, joint venture or other business association with, any person who was at any time using during the 12 months preceding the Closing Date an employee, partner, representative, or manager of ADS. Provided, however, if the Buyer and xxxx Xxxxxx X. Xxxxxx sign a three (3) year employment agreement and thereafter Buyer terminates Xxxxxx X. Xxxxxx other than "for cause" and does not compensate him for the three (3) year period from the Closing, then Xxxxxx and the Principal Shareholders shall have the right, after such termination, to employ Xxxxxx X. Xxxxxx.