Common use of Limitation on Competition Clause in Contracts

Limitation on Competition. The Executive acknowledges that he will have continuing access to the financial and other confidential information of the Company. As an agreement ancillary to the receipt of such information and the other undertakings in this Agreement, the Executive covenants as follows: During the Employment Period, and for such period thereafter (A) as the Executive is entitled to receive severance compensation under this Agreement, or (B) in the event payment of Enhanced Severance compensation is paid, for a period of three (3) years following the end of the Employment Period, or (C) in the event the Executive’s employment is terminated by the Company for Cause or the Executive terminates his employment for any reason other than Good Reason (including, without limitation, by giving the Company a Non-Renewal Notice pursuant to Section 1(b) hereof), for a period of twelve months following the Employment Period:

Appears in 5 contracts

Samples: Employment Agreement (Key Energy Services Inc), Trey Whichard Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc)

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Limitation on Competition. The Executive acknowledges that he will have continuing access to the financial and other confidential information of the Company. As an agreement ancillary to the receipt of such information and the other undertakings in this Agreement, the Executive covenants as follows: During the Employment Period, and for such period thereafter (A) as the Executive is entitled to receive severance compensation under this Agreement, or (B) in the event payment of Enhanced Severance the Executive’s severance compensation is paidaccelerated due to a Change in Control, for a period of three (3) years following the end of the Employment Period, or (C) in the event the Executive’s employment is terminated by the Company for Cause or the Executive terminates his employment for any reason other than Good Reason (including, without limitation, by giving the Company a Non-Renewal Notice pursuant to Section 1(b1(a) hereof), for a period of twelve months following the Employment Period:

Appears in 2 contracts

Samples: Austin Employment Agreement (Key Energy Services Inc), Wilson Iii Employment Agreement (Key Energy Services Inc)

Limitation on Competition. The Executive acknowledges that he will have continuing access to the financial and other confidential information of the Company. As an agreement ancillary to the receipt of such information and the other undertakings in this Agreement, the Executive covenants as follows: During the Employment Period, and for such period thereafter (A) as the Executive is entitled to receive severance compensation under this Agreement, or (B) in the event payment of Enhanced Severance compensation is paid, for a period of three (3) years following the end of the Employment Period, or (C) in the event the Executive’s 's employment is terminated by the Company for Cause or the Executive terminates his employment for any reason other than Good Reason (including, without limitation, by giving the Company a Non-Renewal Notice pursuant to Section 1(b) hereof), for a period of twelve months following the Employment Period:

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

Limitation on Competition. The Executive acknowledges that he will have she has immediate and continuing access to the financial and other confidential information of the Company. As an agreement ancillary to the receipt of such information and the other undertakings in this Agreement, the Executive covenants as follows: During the Employment Period, and for such period thereafter (A) as the Executive is entitled to receive severance compensation under this Agreement, or (B) in the event payment of Enhanced Severance compensation is paid, for a period of three (3) years following the end of the Employment Period, or (C) in the event the Executive’s employment is terminated by the Company for Cause or the Executive terminates his her employment for any reason other than Good Reason (including, without limitation, by giving the Company a Non-Renewal Notice pursuant to Section 1(b) hereof), for a period of twelve months following the Employment Period:

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

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Limitation on Competition. The Executive acknowledges that he will have his prior and continuing access to the financial and other confidential information of the Company. As an agreement ancillary to the receipt of such information and the other undertakings in this Agreement, the Executive covenants as follows: During the Employment Period, and for such period thereafter (A) as the Executive is entitled to receive severance compensation under this Agreement, or (B) in the event payment of Enhanced Severance the Executive's severance compensation is paidaccelerated due to a Change in Control, for a period of three (3) years following the end of the Employment Period, or (C) in the event the Executive’s 's employment is terminated by the Company for Cause or the Executive terminates his employment for any reason other than Good Reason (including, without limitation, by giving the Company a Non-Renewal Notice pursuant to Section 1(b1(a) hereof), for a period of twelve months following the Employment Period:

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

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