Common use of Non-Competition; Non-Solicitation; Non-Hire Clause in Contracts

Non-Competition; Non-Solicitation; Non-Hire. As additional consideration for Buyer’s entry into this Agreement and consummation of the transactions contemplated hereby, and with the acknowledgement by the Sellers that Buyer would not enter into this Agreement without the benefit of the provisions set forth in this Section 3.5, each Seller agrees that the following restrictions on such Seller’s activities following the Closing Date are necessary, appropriate and reasonable to protect the Business and other legitimate interests of Buyer and its Affiliates:

Appears in 4 contracts

Samples: Stock Exchange Agreement (EVO Transportation & Energy Services, Inc.), Stock Purchase Agreement (EVO Transportation & Energy Services, Inc.), Membership Interest Purchase Agreement (EVO Transportation & Energy Services, Inc.)

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Non-Competition; Non-Solicitation; Non-Hire. As additional consideration for Buyer’s entry into this Agreement and consummation of the transactions contemplated herebyContemplated Transactions, for which the Company and with the acknowledgement by the Sellers Guarantor each acknowledges that Buyer would not enter into this Agreement without the benefit of the provisions set forth in this Section 3.58.7, each Seller of the Company and Guarantor agrees that the following restrictions on such SellerPerson’s activities following the Closing Date are necessary, appropriate and reasonable to protect the Business Purchased Assets being acquired and other legitimate interests of the Buyer and its Affiliates:

Appears in 1 contract

Samples: Asset Purchase Agreement (Emrise CORP)

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