Common use of Employee Departures/Restrictions Clause in Contracts

Employee Departures/Restrictions. To the Knowledge of the Company, as of the date of this Agreement, no current Company Employee: (i) intends to terminate his employment with the Company; (ii) has received an offer to join a business that may be competitive with the Company’s business; or (iii) is a party to or is bound by any confidentiality agreement, noncompetition agreement or other Contract (with any Person) that may have an adverse effect on: (A) the performance by such employee of any of his duties or responsibilities as an employee of the Company; or (B) the Company’s business or operations.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Veracyte, Inc.), Agreement and Plan of Merger (Sorrento Therapeutics, Inc.)

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Employee Departures/Restrictions. To the Knowledge of the Company, as no current employee of the date of this Agreement, no current Company EmployeeCompany: (i) intends to terminate his or her employment with the Company; (ii) has received an offer to join a business that may be competitive with the business of the Company’s business; or (iii) is a party to or is bound by any confidentiality agreement, noncompetition agreement or other Contract (with any Person) that may reasonably be expected to have an adverse effect on: (A) the performance by such employee of any of his or her duties or responsibilities as an employee of the Company; or (B) the Company’s business or operationsoperations of the Company.

Appears in 1 contract

Samples: Contribution Agreement (Cybin Inc.)

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Employee Departures/Restrictions. To the Knowledge Company’s Knowledge, no employee of the Company, as of the date of this Agreement, no current Company Employee: (i) intends to terminate his employment with the Company; (ii) has received an offer to join a business that may be competitive with the Company’s business; or (iii) is a party to or is bound by any confidentiality agreement, noncompetition agreement or other Contract (with any Person) that may would reasonably be expected to have an adverse effect on: (A) the performance by such employee of any of his duties or responsibilities as an employee of the Company; or (B) the Company’s business or operations.

Appears in 1 contract

Samples: Agreement and Plan of Merger (inContact, Inc.)

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