Enforceability of Restrictive Covenants. (a) In the event that the Executive's employment with the Company or any of its subsidiaries (i) is terminated by the Company or such subsidiary for any reason other than for Cause (including the Company's delivery of a Non-Extension Notice) or (ii) the Executive terminates his employment with the Company for Good Reason, then the terms of both the Non-Compete Period and the Vendor Non-Solicitation Period shall be reduced such that they end on the twelve (12) month anniversary of the conclusion of the Term.
Appears in 4 contracts
Samples: Form of Employment Agreement (Preston Hollow Community Capital, Inc.), Form of Employment Agreement (Preston Hollow Community Capital, Inc.), Form of Employment Agreement (Preston Hollow Community Capital, Inc.)
Enforceability of Restrictive Covenants. (a) In the event that the Executive's employment with the Company or any of its subsidiaries (i) is terminated by the Company or such subsidiary for any reason other than for Cause (including the Company's delivery of a Non-Extension Notice) or (ii) the Executive terminates his her employment with the Company for Good Reason, then the terms of both the Non-Compete Period and the Vendor Non-Solicitation Period shall be reduced such that they end on the twelve (12) month anniversary of the conclusion of the Term.
Appears in 1 contract
Samples: Form of Employment Agreement (Preston Hollow Community Capital, Inc.)
