Covenants Relating to Employees Sample Clauses
The "Covenants Relating to Employees" clause sets out specific obligations and restrictions regarding the treatment of employees in connection with a transaction or agreement. Typically, this clause may require the parties to maintain certain employee benefits, refrain from soliciting or hiring each other's employees for a defined period, or ensure compliance with labor laws. Its core function is to protect the interests of both parties by preserving workforce stability, preventing unfair competition, and ensuring a smooth transition during business changes.
Covenants Relating to Employees. The Executive agrees, for a period of two years following his Termination Date (regardless of whether termination of his Bank and Company employment was voluntary or involuntary, with or without Cause, or with or without Good Reason), that the Executive will not solicit or attempt to persuade Bank or Company or Affiliated Company employees to terminate their employment, and accept other employment within the Bank’s Market Area. This covenant specifically prohibits solicitation of employees, in the event of termination of the Executive’s employment, to work with or for the Executive in a banking business in the Bank’s Market Area during the term of the covenant.
Covenants Relating to Employees. The Executive agrees, during the Severance Period, that the Executive will not solicit or attempt to persuade Company or Affiliated Company employees, or employees of the Company’s successors or assigns, to terminate their employment, and accept other employment within the Company’s Market Area. This covenant specifically prohibits solicitation of employees, in the event of resignation or termination of the Executive’s employment, to work with or for the Executive in a banking business in the Company’s Market Area during the Severance Period.
Covenants Relating to Employees. 6.1 Buyer’s Employment of Selected Business Employees.