Common use of Non-Solicitation Clause in Contracts

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employer.

Appears in 4 contracts

Sources: Employment Agreement (Esquire Financial Holdings, Inc.), Employment Agreement (Esquire Financial Holdings, Inc.), Employment Agreement (Esquire Financial Holdings, Inc.)

Non-Solicitation. Executive recognizes that During the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank Executive’s employment with Holdings and for a period of one year following (1) years thereafter (the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment“Non-Solicitation Period”), the Executive shall not, except with prior written approval of the Board, directly or indirectly, individually or together with as part of or on behalf of any other person, as ownercompany, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant employer or otherwiseother entity: (a) (i) solicit in persuade or attempt to persuade any manner or seek to obtain the business of any person who is or was a existing customer or an active prospective agent with which the Company has a contract (“Contracted Customer”) to cease doing business constituting the Prohibited Business with the Company or any of its subsidiaries, or to reduce the amount of business constituting the Prohibited Business any customer or agent does with the Company or any of its subsidiaries, or (ii) solicit for himself or any entity any business constituting the Prohibited Business of a Contracted Customer of the Company or any of its subsidiaries or solicit any business constituting the Bank during Prohibited Business which was a Contracted Customer of the one-year period Company or with which the Executive is aware (or is made aware prior to the Expiration Date Termination Date) that the Company is in direct discussions as a prospective Contracted Customer of the Company (or any of their subsidiaries) within twelve (12) months prior to the Termination Date of Executive’s employmentDate; or (iib) request hire, attempt to recruit or advise solicit for hire, or for any customerpurpose whatsoever encourage to end or abandon their employment, supplierreduce or diminish in any way their relationship or breach any agreement, vendor or others who were doing business with the Company or any of its subsidiaries, any persons who have been employed by the Bank during Company or any of its subsidiaries at any time within the one-year period twelve (12) months prior to the Expiration Date such hiring, recruitment or Termination Date of Executive’s employmentsolicitation, or other than (i) any other person, to terminate, reduce, limit or change their business or relationship such employee whose employment with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of its subsidiaries is terminated by the Company or the Bank to terminate any of its subsidiaries, or (ii) any such employee who voluntarily terminates his or her employment with the Company or any of its subsidiaries, so long as the Bank; provided, however, Executive did not induce or encourage such employee so to voluntarily terminate his or her employment. The parties acknowledge that nothing the restrictions contained in this Section Sections 10(b) will not apply to any general advertisements or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employersolicitations for employees.

Appears in 4 contracts

Sources: Employment Agreement (Trustwave Holdings, Inc.), Employment Agreement (Trustwave Holdings, Inc.), Employment Agreement (Trustwave Holdings, Inc.)

Non-Solicitation. Executive recognizes that During the business Employment Period and during the two year period immediately following termination of the Company and Employment Period (the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment“Restricted Period”), Executive shall not, directly or indirectly: (A) hire, individually solicit for hiring or together with assist in any way in the hiring of any employee or independent contractor of the Company or any of its Affiliates, or induce or otherwise attempt to influence any employee or independent contractor to terminate or diminish such employment or contractor relationship or to become employed by any other personradio broadcasting station or any other entity engaged in the radio business, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant the television business or otherwise: (i) solicit in any manner other business in which the Company or seek to obtain any of its Affiliates is engaged (which, for the avoidance of doubt, includes without limitation the business of providing clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes, spectaculars and mall displays (the “Outdoor Business”)), or (B) solicit or encourage any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior any of its Affiliates to the Expiration Date terminate or Termination Date of Executive’s employment; or (ii) request diminish its relationship with them, or advise seek to persuade any customer, supplier, vendor such customer or others who were doing prospective customer to conduct with anyone else any business or activity which such customer or prospective customer conducts or could conduct with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date any of Executive’s employmentits Affiliates. For purposes of this Agreement, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer an “employee” of the Company or any of its Affiliates is any person who was such at any time within the Bank to terminate his or her employment with preceding two years; a “customer” of the Company or any of its Affiliates is any person or entity who is or has been a customer at any time within the Bankpreceding two years; provided, however, that nothing in this Section and a “prospective customer” is any person or entity whose business has been solicited on behalf of the Company or any of its Affiliates at any time within the preceding two years, other provision of than by form letter, blanket mailing or published advertisement. Notwithstanding this Agreement shall preclude provision, during the Restricted Period, Executive will not be prohibited from hiring or prohibit Executive, if Executive’s Term soliciting his current assistant to work for him following his termination of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCompany.

Appears in 4 contracts

Sources: Employment Agreement (Clear Channel Outdoor Holdings, Inc.), Employment Agreement (Clear Channel Outdoor Holdings, Inc.), Employment Agreement (Clear Channel Communications Inc)

Non-Solicitation. (a) Executive recognizes that shall not at any time during the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following his employment with the Expiration Date of Executive’s employment under this Agreement Company, or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-one (1) year period prior to the Expiration Date or immediately following his Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business Employment with the Company or ("Non-Solicitation Period"), without the Bank during prior written consent of the one-year period prior to the Expiration Date or Termination Date Company, on behalf of Executive’s employment, himself or any other person, to terminate, reduce, limit solicit for employment or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence employ any officer of the Company current officers or employees of the Bank to terminate his or her employment with the Company or the BankCompany; provided, however, that nothing in this Section or contained herein shall prohibit Executive from hiring employees of the Company when such employment results from general solicitations for employment. (b) Executive shall not at any other provision time during the period of this Agreement shall preclude or prohibit Executive, if Executive’s Term of his employment with the Company and/or Company, or during the Bank shall have expired Non-Solicitation Period, without the prior written consent of the Company, solicit for his own use, or Executive’s employment shall have been early terminatedfor the use of any company or person by whom he is employed, and within one year after or for whom he may be acting, any of the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective current customers of the Company, nor shall he divulge to any other person any information or fact relating to the management, business (including prospective business), finances, its customers or the terms of any of the contracts of the Company which has heretofore or which may hereafter come to the knowledge of Executive which is not freely available to the public. (c) Executive shall not, during the Non-Solicitation Period, in any way defame the Company or disparage its business capabilities, products, plans or management to any customer, potential customer, vendor, supplier, contractor, subcontractor of the Bank referred Company so as to in subparagraph affect adversely the goodwill or business of the Company. (id) above regarding their entering into business or customer relationships or opening accounts with the New EmployerExecutive covenants and agrees that a breach of these subparagraphs (a), or (b) engaging or (c) would immediately and irreparably harm the Company and that a remedy at law would be inadequate to compensate the Company for its losses by reason of such breach and therefore that the Company shall, in discussions addition to any rights and remedies available under this Agreement, at law or negotiations with otherwise, be entitled to any officers injunction to be issued by any court of competent jurisdiction enjoining and restraining Executive from committing any violation of these subparagraphs (a), (b) or (c), and Executive hereby consent to the issuance of such injunction. (e) For purposes of this Section 5 and in consideration of this Agreement, this non-solicitation agreement has been separately negotiated and bargained for, and constitutes a substantial portion of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerconsideration for this Agreement.

Appears in 4 contracts

Sources: Employment Agreement (Beverly Enterprises Inc), Employment Agreement (Beverly Enterprises Inc), Employment Agreement (Beverly Enterprises Inc)

Non-Solicitation. Executive recognizes that Without limiting the business generality of the Company and the Bank is highly competitiveforegoing, and therefore acknowledges and Employee agrees that at all times while employed by the Company and/or the Bank and for a period of one (1) year following the Expiration Date Applicable Date, he will not, without the prior written consent of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notthe Company, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) indirectly solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence solicit, within the Non-Compete Area, any officer business from any person or entity that the Company called upon, solicited, or conducted business with as of the Company effective date of the termination, any persons or the Bank to terminate his or her employment with the Company or the Bank; provided, however, entities that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business recruit or customer relationships hire any person who has been or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as is an employee of New Employerthe Company, its parent, subsidiaries or affiliates during the preceding one-year period from the date of termination of this Agreement. In addition, Employee agrees that he shall not directly or indirectly solicit or encourage any employee of Company to go to work for or with Employee for a period of one-year following the date of termination of this Agreement. In the event of the violation of this Section 10, the Company will be entitled to, in addition to any other remedies provided by law or equity, obtain injunctive relief and the specific performance of this covenant. Should Employee violate this Section 10, the period of time for this Paragraph will automatically be extended for the period of time from which Employee began such violation until he permanently ceases such violation. The Employee acknowledges that this Section 10 is necessary to protect the interests of the Company, and that the restrictions contained herein are reasonable in light of the consideration and other value the Employee has accepted pursuant to this Agreement. If any provision of this covenant is invalid in whole or in part, it will be limited, whether as to time, area covered, or otherwise as and to the extent required for its validity under the applicable law and as so limited, will be enforceable.

Appears in 4 contracts

Sources: Employment Agreement (Employers Holdings, Inc.), Employment Agreement (Employers Holdings, Inc.), Employment Agreement (Employers Holdings, Inc.)

Non-Solicitation. Executive recognizes that (a) Employee hereby agrees that, for the business duration of Employee's employment with the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year two (2) years following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall Employee's employment with the Company: (i) Employee will not, directly or indirectly, individually either for itself or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant : (A) induce or otherwise: (i) solicit in attempt to induce any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company or any of its subsidiaries to leave the Bank during employ of the one-Company or such subsidiary, (B) in any way interfere with the relationship between the Company and its subsidiaries and any employee of the Company or any of its subsidiaries, (C) employ, or otherwise engage as an employee, independent contractor or otherwise, any current or former employee of the Company or any of its subsidiaries, other than such former employees who have not worked for the Company or any of its subsidiaries for more than one year period prior or (D) induce or attempt to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise induce any customer, supplier, vendor licensee or others who were business relation of the Company or any of its subsidiaries to cease doing business with the Company or such subsidiary, or in any way interfere with the Bank during relationship between the one-year period prior to Company and its subsidiaries and any customer, supplier, licensee or business relation of the Expiration Date Company or Termination Date any of Executive’s employmentits subsidiaries; and (ii) Employee will not, directly or indirectly, either for herself or any other person, solicit the business of any person known to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt Employee to influence any officer be a customer of the Company or the Bank any of its subsidiaries, whether or not Employee had personal contact with such person, with respect to terminate his products or her employment activities which compete in whole or in part with the former, current or currently contemplated products or activities of the Company and its subsidiaries or the Bank; provided, however, that nothing products or activities of the Company and its subsidiaries in existence or contemplated at the time of termination of Employee's employment. (b) In the event of a breach by Employee of any covenant set forth in this Section or any other provision 16, the term of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with such covenant will be extended by the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers period of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers duration of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerbreach.

Appears in 3 contracts

Sources: Merger Agreement (Veeco Instruments Inc), Merger Agreement (Veeco Instruments Inc), Employment Agreement (Veeco Instruments Inc)

Non-Solicitation. (a) For consideration provided under this Agreement, including, but not limited to the Company’s agreement to provide Executive recognizes that the business of with Confidential Information regarding the Company and the Bank is highly competitiveits respective businesses, and therefore acknowledges and Executive agrees that at all times while employed by the Company and/or the Bank or an Affiliate and for twelve (12) months following a period Separation from Service during the term of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive he shall not, without the prior written consent of the General Counsel of the Company, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) hire or induce, entice or solicit in (or attempt to induce, entice or solicit) any manner employee of the Company or seek any of its Affiliates or ventures to obtain leave the employment of the Company or any of its Affiliates or ventures or (ii) solicit or attempt to solicit the business of any person who is or was a customer or an active prospective customer acquisition prospect of the Company or any of its Affiliates or ventures with whom Executive had any actual contact or Confidential Information about while employed by the Bank during Company or an Affiliate. (b) The restrictions contained in Section 7(a) are limited to areas or territories within the one-year period prior United States or in any foreign country where the Company or an Affiliate engages (or has definite plans to engage) in operations or the Expiration Date marketing of its products or Termination Date services at the time of Executive’s employment; orSeparation from Service. (iic) request or advise any customerExecutive acknowledges that these restrictive covenants under this Agreement, supplier, vendor or others who were doing business with for which Executive received valuable consideration from the Company or the Bank during the one-year period prior as provided in this Agreement, including, but not limited to the Expiration Date or Termination Date of ExecutiveCompany’s employment, or any other person, agreement to terminate, reduce, limit or change their business or relationship provide Executive with Confidential Information regarding the Company or and its respective businesses, are ancillary to otherwise enforceable provisions of this Agreement, that the Bank; or (iii) induce, request or attempt consideration provided by the Company gives rise to influence any officer the interest of each of the Company or in restraining Executive from competing and that the Bank restrictive covenants are designed to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if enforce Executive’s Term of employment with the Company and/or the Bank shall have expired consideration or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Datereturn promises under this Agreement. Additionally, Executive shall have accepted employment with acknowledges that these restrictive covenants contain limitations as to time, geographical area and scope of activity to be restrained that are reasonable and do not impose a successor employer (“New Employer”), from (a) entering into discussions greater restraint than is necessary to protect the goodwill or negotiations with any customers or active prospective customers other legitimate business interests of the Company or Company, including, but not limited to, the Bank referred Company’s need to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerprotect its Confidential Information.

Appears in 3 contracts

Sources: Restructuring Transaction Severance Agreement (Babcock & Wilcox Enterprises, Inc.), Restructuring Transaction Severance Agreement (Babcock & Wilcox Co), Severance Agreement (Babcock & Wilcox Co)

Non-Solicitation. Executive recognizes that During the business of the Company Term and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentTermination Restriction Period, Executive shall not, directly or indirectly, individually on Executive’s own behalf or together with on behalf of any other personperson or entity, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwisewithout the prior written consent of the Company: (i) (A) solicit or induce any employee, consultant or independent contractor of the Company or any of its affiliates to leave the employ of (or end a contracting relationship with) the Company or any affiliate; or hire any employee, consultant or independent contractor of the Company; (B) hire any former employee who has left the employment of the Company or any affiliate of the Company within six (6) months of the termination of such employee’s employment with the Company or any such affiliate; provided that the foregoing provisions of subsections (i)(A) or (B) shall not apply to the person who serves as Executive’s administrative assistant at the Company at the time of Executive’s termination of employment with the Company; (C) hire any former consultant or independent contractor who has ended his or her consultancy or contracting relationship with the Company or any affiliate of the Company within six (6) months of the end of such consultancy or contracting relationship for any competitive purpose; or (D) hire any former employee of the Company in knowing violation of such employee’s non-competition agreement with the Company or any manner such affiliate; (ii) (A) solicit, divert or seek take away, or attempt to obtain divert or take away, the business or patronage of any person who is agent, client or was a customer or an active prospective customer of the Company or any of its affiliates which was served by the Bank Company or any of its affiliates during the one-year twelve (12)-month period prior to the Expiration Date or Termination Date termination of Executive’s employmentemployment with the Company or any of its affiliates; or or (iiB) request induce, encourage, or advise attempt to induce or encourage any customerclient or customer of the Company or any of its affiliates which was served by the Company or any of its affiliates during the twelve (12)-month period prior to the termination of Executive’s employment with the Company to reduce, supplierlimit, vendor or others who were doing cancel its business with the Company or any of its affiliates. For clarity, the Bank during foregoing shall not be violated by general advertising, by serving as a reference upon request or by actions taken in the one-year period prior to the Expiration Date or Termination Date good faith performance of Executive’s employment, or any other person, duties to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerits affiliates.

Appears in 3 contracts

Sources: Executive Employment Agreement (CorMedix Inc.), Executive Employment Agreement (CorMedix Inc.), Executive Employment Agreement (CorMedix Inc.)

Non-Solicitation. Executive recognizes that (a) During the business of Restricted Period, the Company and the Bank is highly competitiveSeller shall not, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period shall not permit any of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notits Affiliates to, directly or indirectly, individually or together with solicit any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company or the Bank during the one-year period prior encourage any such employee to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s leave such employment, or except pursuant to a general solicitation which is not directed specifically to any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Banksuch employees; provided, however, further that nothing in this Section 5.07(b) shall prevent any Seller or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of its Affiliates from directly soliciting (i) any employee whose employment with has been terminated by the Company and/or or Buyer, or (ii) after 180 days from the Bank date of termination of employment, any employee whose employment has been terminated by the employee. (b) During the Restricted Period, the Seller shall have expired or Executive’s employment shall have been early terminatednot, and within one year after the Expiration Date shall not permit any of its Affiliates to, directly or Termination Dateindirectly, Executive shall have accepted employment with a successor employer (“New Employer”)solicit or entice, from (a) entering into discussions or negotiations with attempt to solicit or entice, any customers clients or active prospective customers of the Company or Buyer within the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New EmployerTerritory, or (b) engaging in discussions potential clients or negotiations with any officers customers of the Company or Buyer within the Bank referred Territory, for purposes of diverting their business or services within the Territory from the Company or Buyer. (c) The Seller acknowledges that a breach of this Section 5.07 would give rise to irreparable harm to Buyer, for which monetary damages would not be an adequate remedy, and hereby agrees that in subparagraph the event of a breach or a threatened breach by any Seller of any such obligations, Buyer shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to seek equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (iiiwithout any requirement to post bond). (d) above regarding their accepting employment with The Seller acknowledges that the New Employerrestrictions contained in this Section 5.07 are reasonable and necessary to protect the legitimate interests of Buyer and constitute a material inducement to Buyer to enter into this Agreement and consummate the transactions contemplated by this Agreement. In the event that any covenant contained in this Section 5.07 should ever be adjudicated to exceed the time, if in each such case such discussions and negotiations are not the resultgeographic, directly product or indirectlyservice, of solicitations, inducements, approaches, overtures or other expressions of interest initiated limitations permitted by Executive with applicable Law in any jurisdiction, then any court is expressly empowered to reform such customers covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or officers but rather service, or other limitations permitted by applicable Law. The covenants contained in this Section 5.07 and each provision hereof are the result, directly severable and distinct covenants and provisions. The invalidity or indirectly, unenforceability of any one such covenant or more provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such actions taken by invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such customers covenant or such officers with Executive provision in his capacity as an employee of New Employerany other jurisdiction.

Appears in 3 contracts

Sources: Membership Interest Purchase Agreement (Hightimes Holding Corp.), Membership Interest Purchase Agreement (Hightimes Holding Corp.), Membership Interest Purchase Agreement (Hightimes Holding Corp.)

Non-Solicitation. Executive recognizes Employee agrees and acknowledges that Employee's services hereunder are of a special, unique, extraordinary character, that Employee's employment with the Company places Employee in a position of confidence and trust and that Employee's services hereunder necessarily will require the disclosure to Employee of Confidential Information of the Company. Employee consequently agrees that it is reasonable and necessary for the protection of the goodwill and business of the Company that Employee make the covenants contained herein and that Company is relying upon and is induced by the Bank is highly competitiveagreements made by Employee in this paragraph. Accordingly, and therefore acknowledges and Employee agrees that at all times while employed by during the Company and/or the Bank term of this Agreement and for a twelve (12) month period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentthereafter, Executive Employee shall not, except on behalf of the Company, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: and regardless of the reason for the cessation of Employee's employment (i) solicit attempt in any manner to persuade any third party to cease to do business, or to reduce the amount of business which any such party customarily has done or contemplates doing, with the Company, whether or not the relationship between the Company and such third party was originally established in whole or in part through Employee's efforts; or (ii) on Employee's own behalf or otherwise, hire, solicit, seek to obtain the business of hire, or offer employment to any person who is is, during any such time period, an employee of or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business independent contractor with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany, or in any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultmanner attempt, directly or indirectly, to influence, induce or encourage any such person to leave the employ of, or terminate or diminish such person's business relationship with, the Company. As used in this paragraph, the verb 'employ' shall include its variations, for example, retain or engage; and the "Company" shall include Case Financial, Inc. and each of solicitationsits direct or indirect subsidiaries. The covenants of Employee set forth in this Section 6 are made in consideration of the payments made to Employee pursuant to this Agreement, inducementsthe receipt, approachesadequacy and sufficiency of which are acknowledged by Employee, overtures or other expressions of interest initiated and such covenants have been made by Executive with such customers or officers but rather are Employee to induce the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCompany to enter into this Agreement.

Appears in 3 contracts

Sources: Employment Agreement (Case Financial Inc), Employment Agreement (Case Financial Inc), Employment Agreement (Case Financial Inc)

Non-Solicitation. (a) During the Employment Period and for two years thereafter (the “Restricted Period”), Executive recognizes shall not directly or indirectly through another person or entity (i) induce, solicit, encourage or attempt to induce, solicit or encourage any employee of the Company to leave the employ of the Company, or in any way interfere with the relationship between the Company and any employee thereof; or (ii) induce, solicit, encourage or attempt to induce, solicit or encourage any customer, supplier, licensee, licensor, franchisee or other business relation of the Company to cease doing business with the Company, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation of the Company (including, without limitation, making any negative or disparaging statements or communications regarding the Company). The Company covenants that the business it will not, and it will advise members of senior management of the Company and the Bank is highly competitiveBoard not to, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of make any negative or disparaging statements or communications regarding Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise:. (ib) solicit in any manner If, at the time of enforcement of this Section 8, a court shall hold that the duration, scope or seek area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to obtain revise the business of any person who is or was a customer or an active prospective customer of restrictions contained herein to cover the Company or maximum period, scope and area permitted by law. Executive acknowledges that the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing restrictions contained in this Section or any other provision 8 are reasonable and that he has reviewed the provisions of this Agreement shall preclude with his legal counsel. (c) Executive acknowledges that in the event of the breach or prohibit Executivea threatened breach by Executive of any of the provisions of this Section 8, if Executive’s Term of employment with the Company would suffer irreparable harm, and, in addition and supplementary to other rights and remedies existing in its favor, the Company shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violations of the Bank shall have expired provisions hereof (without posting a bond or Executive’s employment shall have been early terminatedother security). In addition, and within one year after in the Expiration Date event of a breach or Termination Date, violation by Executive shall have accepted employment with a successor employer (“New Employer”of Section 8(a), from (a) entering into discussions or negotiations with any customers or active prospective customers the Restricted Period shall be automatically extended by the amount of time between the initial occurrence of the Company breach or the Bank referred to in subparagraph (i) above regarding their entering into business violation and when such breach or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerviolation has been duly cured.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement (Diametrics Medical Inc), Employment Agreement (Diametrics Medical Inc)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for (a) For a period of one year following two years from the Expiration Date Distribution Date, neither SNI nor any other member of Executive’s employment under this Agreement or earlier termination the SNI Group shall, without the prior written approval of such employment, Executive shall notEWS, directly or indirectly, individually solicit any employees of any EWS Service Provider who are engaged in or together were engaged in providing Services during the term of this Agreement, to terminate their relationship with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant of the EWS Service Providers. The foregoing shall not apply to any solicitation of any employee or otherwise: employment of any employee of any EWS Service Provider who (i) solicit initially contacted any member of the SNI Group or their representatives on his or her own initiative without any solicitation by any member of the SNI Group or their representatives, (ii) responded to a solicitation directed at the public in any manner general through advertisement or seek to obtain similar means not targeted specifically at such employee or the business of any person who is the EWS Service Provider or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt was referred to influence any officer member of the Company SNI Group or the Bank to terminate his their representatives, as applicable, by search firms, employment agencies or her employment with the Company or the Bank; provided, however, other similar entities provided that nothing in this Section or such entities have not been specifically instructed by any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers member of the Company SNI Group or the Bank referred their representatives to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or solicit such employee. (b) engaging in discussions or negotiations with For a period of two years from the Distribution Date, neither EWS nor any officers other member of the Company or EWS Group shall, without the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultprior written approval of SNI, directly or indirectly, solicit any employees of solicitationsany SNI Service Provider who are engaged in or were engaged in providing Services during the term of this Agreement, inducementsto terminate their relationship with any of the SNI Service Providers. The foregoing shall not apply to any solicitation of any employee or employment of any employee of any SNI Service Provider who (i) initially contacted any member of the EWS Group or their representatives on his or her own initiative without any solicitation by any member of the EWS Group or their representatives, approaches(ii) responded to a solicitation directed at the public in general through advertisement or similar means not targeted specifically at such employee or the business of the SNI Service Provider or (iii) was referred to any member of the EWS Group or their representatives, overtures as applicable, by search firms, employment agencies or other expressions similar entities provided that such entities have not been specifically instructed by any member of interest initiated by Executive with the EWS Group or their representatives to solicit such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employeremployee.

Appears in 3 contracts

Sources: Transition Services Agreement (Scripps Networks Interactive, Inc.), Transition Services Agreement (Scripps E W Co /De), Transition Services Agreement (Scripps Networks Interactive, Inc.)

Non-Solicitation. Executive recognizes Employee acknowledges that in the business course of Employee’s employment with the Company and its Affiliates, Employee has and will become familiar with the Bank is highly competitiveCompany’s and its Affiliates’ Trade Secrets and with other Confidential Information concerning the Company and its Affiliates and that Employee’s services will be of special, unique and extraordinary value to the Company and its Affiliates. Therefore, and therefore acknowledges in further consideration of the compensation and benefits to be provided to Employee in connection with Employee’s employment with the Company, Employee agrees that at all times while employed by during Employee’s employment with the Company and/or the Bank or any Affiliate and for a period of one year following 12 months after the Expiration Date termination of ExecutiveEmployee’s employment under this Agreement with the Company or earlier any Affiliate (the “Restricted Period”), regardless of the reason for the termination of Employee’s employment and whether such employmenttermination is at the initiative of Employee or the Company (or any applicable Affiliate), Executive Employee shall not, directly or indirectly, individually (a) (i) solicit, entice, encourage or together with induce any other personperson who is then, as owneror was during the then prior 12-month period, shareholderan employee, investor, member, partner, proprietor, principal, director, officer, executive, managerconsultant, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer other service provider of the Company or the Bank during the one-year period prior its Affiliates (“Protected Party”), to the Expiration Date resign or Termination Date of Executive’s employment; or (ii) request terminate employment or advise any customer, supplier, vendor or others who were doing business other engagement with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentits Affiliates, or become an employee, consultant, agent, representative, or other service provider of any other person, to terminate, reduce, limit firm or change their business corporation that provides the same or relationship similar products or services (or otherwise competes with the Company or its Affiliates) within any geographic location in which the BankCompany or its Affiliates is doing business or preparing to do business, including any other location in which the Company or its Affiliates conduct or prepares to conduct business during Employee’s employment (the “Restricted Territory”), or (ii) approach any such Protected Party for such purpose or authorize or knowingly approve the taking of such actions by any other person, firm or corporation or assist any such person, firm or corporation in taking such action; or or (iiib) inducesolicit, request entice, encourage or attempt to influence induce any officer person or entity who is then, or was during the then prior 12-month period, a customer or client of the Company or its Affiliates, or a party with whom the Bank Company or its Affiliates have contracted for services within the Restricted Territory to terminate his terminate, modify, or her fail to renew their relationship or contractual arrangement with the Company, or otherwise divert or attempt to divert from the Company or its Affiliates any business the Company or its Affiliates enjoyed, solicited, or attempted to solicit from its customers during or prior to Employee’s employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerits Affiliates.

Appears in 3 contracts

Sources: Executive Employment Agreement (Sustainable Projects Group Inc.), Executive Employment Agreement (Sustainable Projects Group Inc.), Executive Employment Agreement (Sustainable Projects Group Inc.)

Non-Solicitation. Executive recognizes that During the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank Transition Period and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentsix (6) months thereafter, Executive you shall not, directly or indirectly, individually or together with any other personas an individual proprietor, as ownerpartner, shareholderstockholder, officer, employee, director, joint venturer, investor, memberlender, partner, proprietor, principal, director, officer, executive, manager, agent, representativeconsultant, independent contractor, consultant or otherwise: in any other capacity whatsoever: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customerrecruit, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentsolicit, or hire any other personemployee, to terminateconsultant, reduceagent, limit director or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank contact, recruit, solicit or induce, or attempt to terminate his contact, recruit, solicit or her employment with the Company induce, any employee, consultant, agent, director or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers officer of the Company to terminate his/her employment with, or otherwise adversely change, reduce, or cease any relationship with, the Bank referred Company; or (ii) contact, solicit, divert, take away, or attempt to contact, solicit, divert or take away, any clients, customers or accounts, or prospective clients, customers or accounts, of the Company, or any of the Company’s business with such clients, customers or accounts, except as agreed upon in subparagraph writing signed by a duly authorized officer of the Company. If any restriction set forth in this paragraph is found by any court to be unenforceable because it is overbroad in any manner, such restriction shall be interpreted to extend only over the maximum period of time, range of activities, or geographic area which the court finds to be enforceable. You acknowledge that the restrictions contained in this paragraph are necessary for the protection of the business and goodwill of the Company and are considered by you to be reasonable for such purpose. You acknowledge that the restrictions contained in this paragraph extend to and expressly prohibit conduct via social media that would violate this paragraph. You further acknowledge that the restrictions set forth in this paragraph do not prevent you from earning a livelihood nor unreasonably impose limitations on your ability to earn a living. As used in this agreement the term “client,” “customer,” or “accounts” shall include: (i) above regarding their entering into business any person or entity that is a client, customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers account of the Company on the date hereof or becomes a client, customer or account of the Bank referred to in subparagraph Company during the covered period; (ii) any person or entity that was a client, customer or account of the Company at any time during the two-year period preceding the date of your termination; and (iii) above regarding their accepting employment with any prospective client, customer or account to whom the New Employer, if in each such case such discussions and negotiations are not Company has made a presentation (or similar offering of services) within a period of 180 days preceding the result, directly or indirectly, date of solicitations, inducements, approaches, overtures or other expressions the termination of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employeryour employment.

Appears in 3 contracts

Sources: Separation Agreement (Minim, Inc.), Separation Agreement (Minim, Inc.), Separation Agreement (Zoom Telephonics, Inc.)

Non-Solicitation. The Executive recognizes covenants that the business Executive will not (without prior written consent of the Company and Company) at any time during the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notRestricted Period, directly or indirectly, either individually or together in partnership, jointly or in conjunction with any other person, firm, association, syndicate, company or corporation, whether as owneragent, shareholder, investoremployee, memberconsultant, partneror in any manner whatsoever: (1) solicit or entice away, proprietoror attempt to solicit or entice away from the Company, principalemploy, director, officer, executive, manager, agent, representativeor otherwise engage (as an employee, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person whom the Executive had contact with or received Confidential Information about during the Executive’s employment with the Company (in connection with such employment), and who is or was a customer or an active prospective customer of employed by the Company or engaged as a contractor or consultant by the Bank during Company as of the one-year date of solicitation or who was so employed or engaged within the twelve (12) month period prior to the Expiration Date or Termination Date of Executive’s employmentpreceding such date; or (ii2) request for any purpose competitive with the Business, canvass, solicit or advise approach for orders, or cause to be canvassed or solicited or approached for orders, any person or entity whom the Executive had contact with or received Confidential Information about during the Executive’s employment with the Company (in connection with such employment), and who is or which is a customer, client, supplier or licensee of the Company as of the date of solicitation or within the twelve (12) month period preceding such date; or (3) induce or attempt to induce any customer, supplierclient, vendor supplier or others who were licensee of the Company whom the Executive had contact with or received Confidential Information about during the Executive’s employment with the Company (in connection with such employment), to cease doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the BankCompany; or (iii4) induceat any time following the date the Executive ceases to be an employee of the Company, request disparage or attempt to influence any officer of denigrate the Company or the Bank to terminate his its Affiliates or her employment with the Company their respective businesses, officers or the Bank; provided, however, that nothing employees. Nothing contained in this Section 8.6(4) shall in any way restrict the Executive from exercising protected rights to the extent that such rights cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government agency, including discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other provision of this Agreement shall preclude or prohibit Executiveconduct that the Executive has reason to believe is unlawful, if Executive’s Term of employment with provided that such compliance does not exceed that required by the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminatedlaw, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employerregulation, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerorder.

Appears in 3 contracts

Sources: Executive Employment Agreement (DevvStream Corp.), Executive Employment Agreement (DevvStream Corp.), Executive Employment Agreement (DevvStream Corp.)

Non-Solicitation. Executive recognizes You acknowledge that, during the Term, you will have access to Confidential Information and trade secrets which, if disclosed, would assist in interference with the Company and its Affiliates, and that you will also generate good will for the Company and its Affiliates. Therefore, you agree that the business following restrictions on your activities during and after the termination of your employment are necessary to protect the good will, Confidential Information and trade secrets of the Company and its Affiliates. (i) You agree that during the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall Restricted Period you will not, directly or indirectly, individually or together with through any other personPerson, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant hire or otherwise: (i) solicit in for hiring any manner employee of the Company or any of its Affiliates or seek to obtain persuade any employee of the business Company or any of its Affiliates to discontinue his/her employment. (ii) You agree that, during the Restricted Period, you will not disparage or criticize the Company, its Affiliates, their business, their management or their products or services. Nothing in this paragraph shall preclude you from (a) giving truthful testimony under oath in response to a subpoena or other lawful process or in connection with enforcing any person who is rights or was defending any claims hereunder or (b) giving truthful answers in response to an order or directive of a governmental agency or regulatory organization. (iii) You agree that during the Restricted Period you will not, directly or through any other Person, solicit or encourage any customer or an active prospective customer of the Company or the Bank during the one-year period prior any of its Affiliates or any independent contractor providing services to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or any of its Affiliates to terminate or diminish its relationship with them. (iv) For purpose of your obligations hereunder after your employment terminates, an employee, independent contractor, customer, and/or prospective customer includes only those who are such on the Bank date your employment terminates or at any time during the onepreceding six (6) months. (v) The term “Restricted Period” means the period during which you are employed by the Company and the twenty-year four (24) month period prior to the Expiration Date or Termination Date immediately following termination of Executive’s your employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer regardless of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerreason therefor.

Appears in 3 contracts

Sources: Employment Agreement (Palomar Holdings, Inc.), Employment Agreement (Palomar Holdings, Inc.), Employment Agreement (Palomar Holdings, Inc.)

Non-Solicitation. Executive recognizes that During the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank Executive’s employment with Holdings and for a period of one year following (1) years thereafter (the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment“Non-Solicitation Period”), the Executive shall not, except with prior written approval of the CEO, directly or indirectly, individually or together with as part of or on behalf of any other person, as ownercompany, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant employer or otherwiseother entity: (a) (i) solicit in persuade or attempt to persuade any manner or seek to obtain the business of any person who is or was a existing customer or an active prospective agent with which the Company has a contract (“Contracted Customer”) to cease doing business constituting the Prohibited Business with the Company or any of its subsidiaries, or to reduce the amount of business constituting the Prohibited Business any customer or agent does with the Company or any of its subsidiaries, or (ii) solicit for himself or any entity any business constituting the Prohibited Business of a Contracted Customer of the Company or any of its subsidiaries or solicit any business constituting the Bank during Prohibited Business which was a Contracted Customer of the one-year period Company or with which the Executive is aware (or is made aware prior to the Expiration Date Termination Date) that the Company is in direct discussions as a prospective Contracted Customer of the Company (or any of their subsidiaries) within twelve (12) months prior to the Termination Date of Executive’s employmentDate; or (iib) request hire, attempt to recruit or advise solicit for hire, or for any customerpurpose whatsoever encourage to end or abandon their employment, supplierreduce or diminish in any way their relationship or breach any agreement, vendor or others who were doing business with the Company or any of its subsidiaries, any persons who have been employed by the Bank during Company or any of its subsidiaries at any time within the one-year period twelve (12) months prior to the Expiration Date such hiring, recruitment or Termination Date of Executive’s employmentsolicitation, or other than (i) any other person, to terminate, reduce, limit or change their business or relationship such employee whose employment with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of its subsidiaries is terminated by the Company or the Bank to terminate any of its subsidiaries, or (ii) any such employee who voluntarily terminates his or her employment with the Company or any of its subsidiaries, so long as the Bank; provided, however, Executive did not induce or encourage such employee so to voluntarily terminate his or her employment. The parties acknowledge that nothing the restrictions contained in this Section Sections 10(b) will not apply to any general advertisements or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employersolicitations for employees.

Appears in 3 contracts

Sources: Employment Agreement (Trustwave Holdings, Inc.), Employment Agreement (Trustwave Holdings, Inc.), Employment Agreement (Trustwave Holdings, Inc.)

Non-Solicitation. Executive recognizes I agree that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while I am employed by the Company and/or and (a) in the Bank and event I terminate my employment without Good Reason (as defined below) or the Company terminates my employment for Cause (as defined below) (either event, a “Fault Event”), for a period of two years immediately following any such termination of my employment with the Company, or (b) in the event of a termination or expiration of my employment with the Company for any other reason, for a period of one year immediately following the Expiration Date termination or expiration of Executive’s my employment under this Agreement or earlier termination of such employmentwith the Company, Executive I shall not, not directly or indirectly, individually either on behalf of myself or together with any other personperson or entity, as owner(i) intentionally solicit, shareholderinduce, investorrecruit or encourage any employee of the Company or independent contractor of the Company who provides services to or on behalf of the Company to leave his, memberher or its employment or engagement with the Company, partneror attempt to solicit, proprietorrecruit, principalor take away any such employees or independent contractors (or induce or encourage any such employee or independent contractor to terminate its employment or engagement with the Company); provided that after termination or expiration of my employment, directorthis provision shall only apply to those employees or independent contractors of the Company who (A) are current employees or independent contracts of the Company and (B) were such at any time within 12 months prior to the date of such termination or expiration, officer, executive, manager, agent, representative(ii) intentionally interfere in any manner with the contractual or employment relationship between the Company and any employee, independent contractor, consultant Customer (as defined below) or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer supplier of the Company or the Bank during the one-year period prior cause any such employee, independent contractor, Customer or supplier to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customercease employment with, supplier, vendor or others who were cease doing business with or reduce the amount of business it does with the Company; provided that after termination or expiration of my employment, this provision shall apply only to the employees, independent contractors, Customers or suppliers of the Company who (A) are current employees, independent contractors, Customers or suppliers of the Bank during the one-year period Company and (B) were such at any time within 12 months prior to the Expiration Date such termination or Termination Date of Executive’s employmentexpiration, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induceafter termination or expiration of my employment, request hire or attempt to influence otherwise employ any officer employee of the Company or independent contractor of the Bank Company who provides services to terminate his or her employment with on behalf of the Company or the Bank; provided, however, that nothing in this Section who has provided services to or any other provision on behalf of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or at any time during the Bank shall have expired prior three month period, or Executive’s employment shall have been early terminated(iv) whether as a direct solicitor or provider of such services or products, and or in a management or supervisory capacity over others who solicit or provide such services or products, intentionally solicit or provide services or products that fall within one year the definition of Restricted Business to any Customer of the Company; provided that after the Expiration Date expiration or Termination Datetermination of my employment, Executive this provision shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective only apply to those customers of the Company who are current Customers and were Customers at any time within 12 months prior to the termination or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts expiration of my employment with the New EmployerCompany. “Customer” shall mean those persons or affiliates to which the Company has rendered services or provided products within the last three months that fall within the definition of Restricted Business (including, or (b) engaging in discussions or negotiations with any officers for the avoidance of doubt, commercial clients of the Company or that provide vehicles to the Bank referred to Company in subparagraph (iii) above regarding their accepting employment connection with the New Employer, if in services provided by the Company). The terms “Cause” and “Good Reason” shall have the respective meanings signed to each such case such discussions and negotiations are not term in the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerEmployment Agreement.

Appears in 3 contracts

Sources: Employment Agreement (Acamar Partners Acquisition Corp.), Employment Agreement (Acamar Partners Acquisition Corp.), Employment Agreement (Acamar Partners Acquisition Corp.)

Non-Solicitation. Executive recognizes that The Employee shall not, during the business Non-Compete Period, either directly or indirectly, and whether for himself or on behalf of any other Person; (i) seek to persuade any employee or consultant of the Company and the Bank is highly competitiveor any of its Affiliates to discontinue or diminish his or her status or employment therewith or seek to persuade any employee, and therefore acknowledges and agrees that at all times while former employee (who was employed by the Company and/or or any of its Affiliates at any time during the Bank and for a 12-month period prior to the termination of one year following the Expiration Date of ExecutiveEmployee’s employment under this Agreement with the Company), or earlier termination exclusive consultant of such employmentthe Company or any of its Affiliates to become employed or to provide consulting or contract services to a business competitive with the Company or its Affiliates in the Business; (ii) solicit, Executive shall notemploy or engage, directly or indirectlycause to be solicited, individually employed, or together with any other personengaged, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer employed by the Company or an active prospective customer any of its Affiliates at any time during the 12-month period prior to the termination of the Employee’s employment with the Company; or (iii) solicit, encourage, or induce any contractor, agent, client, customer, supplier, or the like of the Company or the Bank during the one-year period prior any of its Affiliates to the Expiration Date terminate or Termination Date of Executive’s employment; or (ii) request or advise any customerdiminish its/his relationship with, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date any of Executive’s employmentits Affiliates, or any other person, to terminate, reduce, limit or change their business or refrain from entering into a relationship with the Company or any of its Affiliates, including, without limitation, any prospective contact, contractor, agent, client, customer, or the Bank; or (iii) induce, request or attempt to influence any officer like of the Company or the Bank to terminate his or her employment with the Company or the Bankany of its Affiliates; provided, however, that nothing in this Section or the foregoing shall not prohibit the Employee from placing any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with general advertisements for employees so long as such general advertisements are not directed to any customers or active prospective customers employees of the Company or any of its Affiliates (provided that the Bank referred Employee may not, during the time periods set forth in this Section 6(c), hire or engage any such Person who responds to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employergeneral advertisement).

Appears in 3 contracts

Sources: Employment Agreement (Shake Shack Inc.), Employment Agreement (Shake Shack Inc.), Employment Agreement (Shake Shack Inc.)

Non-Solicitation. Executive recognizes During the Restriction Period, provided that the business of the Company there shall not have occurred and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed be continuing any material non-compliance by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment with its obligations under this Agreement or earlier termination of such employmentAgreement, Executive shall not, directly or indirectly, individually for himself or together with on behalf of any other person, as ownerfirm, shareholderor other entity, investorsolicit, memberinduce or encourage any person to leave her/his employment, partneragency or office with the ▇▇▇▇▇▇ Entities. During the Restriction Period, proprietorprovided that there shall not have occurred and be continuing any material non-compliance by the Company with its obligations under this Agreement, principalExecutive shall not, directordirectly or indirectly, officerfor Executive or on behalf of any person, executivefirm or other entity, manager, agent, representative, independent contractor, consultant hire or otherwise: (i) solicit retain or participate in any manner hiring or seek to obtain the business of retaining any person who then is an employee of or was a customer agent for the ▇▇▇▇▇▇ Entities or any person who has been an active prospective customer employee of or agent for the Company or ▇▇▇▇▇▇ Entities at any time in the Bank during the one-year period ninety (90) days prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date termination of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with unless the Company is informed and gives its approval in writing prior to the hiring or retention. Given Executive’s office and Executive’s participation in the Bank; or (iii) inducedevelopment, request or attempt to influence any officer sales, marketing, servicing and provision of the Company ▇▇▇▇▇▇ Entities’ Products, Systems and Services, Executive acknowledges that Executive has and will learn or develop Confidential Information relating to the Bank development, sales, marketing, servicing or provision of the ▇▇▇▇▇▇ Entities’ Products, Systems and Services, and the ▇▇▇▇▇▇ Entities’ customers and prospective customers. Executive further acknowledges that the ▇▇▇▇▇▇ Entities’ relationships with its customers have substantial value to terminate his or her employment with the ▇▇▇▇▇▇ Entities. Therefore, during the Restriction Period, provided that there shall not have occurred and be continuing any material non-compliance by the Company or the Bank; provided, however, that nothing in with its obligations under this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination DateAgreement, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultnot, directly or indirectly, for Executive or on behalf of solicitationsany person, inducementsfirm, approaches, overtures or other expressions entity, solicit or sell, attempt to sell, or supervise, participate in, or assist the sale or solicitation of interest initiated by Executive Competitive Products and Systems to any person, firm or other entity to which the ▇▇▇▇▇▇ Entities sold any of the ▇▇▇▇▇▇ Entities’ Products, Systems and Services during the last two (2) years of Executive’s employment with such customers or officers but rather are the resultCompany prior to the effective date of termination. However, directly or indirectly, this Section 4(c) shall not prohibit the solicitation of any one actual or more such actions taken by such customers or such officers with Executive in his capacity as an employee potential customer of New Employerthe ▇▇▇▇▇▇ Entities which does not fall within the preceding description. This Section 4(c) is independent of the obligations of confidentiality under this Agreement and the non-compete provisions of this Agreement.

Appears in 3 contracts

Sources: Change in Control Agreement (Lawson Products Inc/New/De/), Change in Control Agreement (Lawson Products Inc/New/De/), Change in Control Agreement (Lawson Products Inc/New/De/)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for For a period of one year three (3) years following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentClosing Date, Executive the Seller shall not, individually or on behalf of any other Person, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or (A) seek to obtain the business of induce or otherwise cause any person who is client or was a customer or an active prospective customer of the Company Business under contract with any Covered Party or any prospective client or customer of the Bank during the one-year period prior Business to which any Covered Party has made or intends to make a proposal at that time to (1) cease being a Business customer of or to not become a Business customer of any Covered Party, (2) divert any business of such customer with respect to the Expiration Date Business from any Covered Party, or Termination Date otherwise to discontinue or alter in a manner adverse to any Covered Party, such business relationship relating to the Business, or (3) otherwise interfere with, disrupt, or attempt to interfere with or disrupt, the contractual relationship between any Covered Party and any of Executive’s employment; its customers or clients, suppliers or consultants, in each case relating to the Business, or employees, or (B) solicit for business, provide services to or do business with any client or customer of any Covered Party with respect to the Business or any potential customer solicited by any Covered Party with respect to the Business, except that nothing herein shall restrict the ability or right of Seller to become employed by any government agency, or (ii) request without the prior written consent of the applicable Covered Party, directly or advise indirectly hire, solicit or encourage to leave the employment or service of any customerCovered Party, supplier, vendor any officer or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentemployee of, or any consultant to, any Covered Party, or hire or participate (with another company or third party) in the process of hiring any Person who is then, or who within the preceding six (6) months was, an employee of any Covered Party, or provide names or other person, information about the Company's employees to terminate, reduce, limit any Person or change their business under circumstances which could lead to the use of that information for purposes of recruiting or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bankhiring; provided, however, however that nothing in Seller shall not be deemed to have violated this Section or any other provision of this Agreement shall preclude or prohibit Executive, clause (ii) if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions an employee of a Covered Party responds directly to a general advertisement of another Person or negotiations with any customers business as long as Seller has no involvement or active prospective customers participation, either directly or indirectly, in the employment of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employersuch Person, or (b) engaging in discussions or negotiations with an employee of a covered party is terminated by such Covered Party at least six months prior to the commencement of any officers activities of the Company or the Bank referred to in subparagraph Seller that would otherwise violate this clause (ii). (iii) above regarding their accepting employment with the New EmployerFor purposes of this Agreement "Person" shall mean an individual, if in each such case such discussions and negotiations are not the resulta corporation, directly an association, a limited liability company, a partnership, an estate, a trust or indirectly, of solicitations, inducements, approaches, overtures any other entity or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerorganization.

Appears in 2 contracts

Sources: Confidentiality and Non Competition Agreement (Stout Jon M), Confidentiality and Non Competition Agreement (Analex Corp)

Non-Solicitation. During the Term and for the one-year period thereafter, the Executive recognizes that the business shall not, unless such solicitation is made on behalf of the Company and or one of its Subsidiaries or such solicitation is made with the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of ExecutiveCompany’s employment under this Agreement or earlier termination of such employment, Executive shall notprior written consent, directly or indirectly, individually (i) solicit or together encourage to leave the employment or other service of the Company, or any of its Subsidiaries, (except in connection with the termination of an employee in a manner consistent with Executive’s responsibilities as Chief Executive Officer of the Company and in compliance with the Company’s and its Subsidiaries’ policies) any managerial-level employee of, or independent contractor providing managerial-level services to, the Company or its Subsidiaries, where the independent contractor performs a substantial portion of his or her services for the Company, or (ii) solicit for employment (on behalf of the Executive or any other person or entity) any former managerial-level employee of or independent contractor providing managerial-level services to the Company, where the independent contractor in the last year of service to the Company has performed a substantial portion of his or her services for the Company, who has left the employment of or discontinued providing services to the Company or any of its Subsidiaries within the then prior one-year period. During the Term and for the one-year period thereafter, the Executive will not, whether for his own account or for the account of any other person, as ownerfirm, shareholdercorporation or other business organization, investorintentionally interfere with the Company’s or any of its Subsidiaries’ relationship with, memberor endeavor to entice away from the Company or any of its Subsidiaries, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who during the Term is or was a customer tenant, co-investor, co-developer, joint venturer or an active prospective other customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date any of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerits Subsidiaries.

Appears in 2 contracts

Sources: Employment Agreement (Wells Real Estate Investment Trust Inc), Employment Agreement (Wells Real Estate Investment Trust Inc)

Non-Solicitation. Executive recognizes 9.1 The Employee acknowledges that during the business course of the Employment, the Employee may visit customers of the Company and the Bank is highly competitivemay deal with their complaints, handle problems, facilitate their requirements and therefore otherwise develop contacts with them. The Employee further acknowledges and agrees that at all times while employed by the right to maintain its relationship with customers constitutes a proprietary right which the Company and/or is entitled to protect and the Bank and for a period of one year Employee therefore agrees that he will not, at any time during the Employment or within 12 months following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notthe Employment, directly or indirectly, individually or together in partnership, jointly or in conjunction, with any other personanyone or more persons, firms, partnership, jointly, or in conjunction with anyone or more persons, firms, associations, syndicates or corporations, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant shareholder of any company or otherwise: (i) solicit in any manner whatsoever, within the USA, solicit any of the Company's customers or seek persons whom the Company was soliciting as customers at the time of the termination of the Employment hereunder. Unauthorized solicitation for personal gain or on behalf of third parties while employed by the Company shall be cause for termination without Notice or compensation in lieu of Notice. 9.2 During the Employment or within 12 months following the termination of the Employment, the Employee acknowledges and agrees that he shall refrain from either directly or indirectly attempting to obtain the business withdrawal of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employee from employment with the Company having regard to the geographic and temporal restrictions set out above in Clause 11.1. Any violation of this Clause while employed by the Company shall be cause for termination without Notice or compensation in lieu of Notice. 9.3 This Clause 11 shall survive the Bank; provided, however, that nothing in this Section or any other provision termination of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with and the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerEmployment hereunder.

Appears in 2 contracts

Sources: Employment Agreement (TechCom, Inc.), Employment Agreement (TechCom, Inc.)

Non-Solicitation. Executive recognizes that During the business term of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed Executive’s employment by the Company and/or the Bank Employer (or its related or affiliated entities) and for a period of one year six (6) months following the Expiration Date termination of the Executive’s employment under this Agreement with the Employer (or earlier termination of such employmentits related or affiliated entities) for any reason whatsoever, the Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in approach, contact or communicate with any manner customer, supplier or seek to obtain the business of any person who is or was a customer or an active prospective customer licensor of the Company Employer (or its affiliated or related entities) for the Bank purpose of inducing such customer, supplier or licensor to reduce such customer’s, supplier’s or licensor’s level of business with the Employer (or its affiliated or related entities), or to encourage such customer, supplier or licensor to start doing business or to increase such customer’s, supplier’s or licensor’s level of business with any other Person or entity when such a change may negatively affect the opportunity of the Employer (or its related or affiliated entities). Notwithstanding the foregoing, for the portion of the restricted period that follows the cessation of employment, the terms customer, supplier and licensor shall refer only to those Persons or entities with which the Executive had business contact or about which the Executive obtained confidential information during the one-year twelve (12) month period prior to immediately preceding the Expiration Date or Termination Date cessation of Executive’s employment; orand (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, induce, assist another to induce, or attempt to induce any employee or agent of solicitationsthe Employer (or its related or affiliated entities) to terminate their contract or working relationship with the Employer (or its related or affiliated entities), inducementsor to work for any entity other than the Employer (or its related or affiliated entities). Notwithstanding the foregoing, approachesfor the portion of the restricted period that follows the cessation of employment, overtures or other expressions of interest initiated by the terms employee and agent shall refer only to those Persons who the Executive with such customers or officers but rather are the result, supervised (directly or indirectly), or with whom the Executive had business contact, during the twelve (12) month period immediately preceding the cessation of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employeremployment.

Appears in 2 contracts

Sources: Employment Agreement (Pineapple Financial Inc.), Employment Agreement (Pineapple Financial Inc.)

Non-Solicitation. Executive recognizes that During the business period commencing on the date hereof and ending on the later of (i) the first anniversary of the Company date on which such Management Holder ceases to be a Holder of Common Shares, (ii) the second anniversary of the Repurchase Event of such Management Holder and (iii) the Bank is highly competitivedate on which such Management Holder ceases to receive any payments related to salary, and therefore acknowledges and agrees that at all times while employed by bonus or severance from the Company and/or or any of its Subsidiaries (or, in the Bank and for case of any payment made in a lump sum, the expiration of the period of one year following the Expiration Date of Executive’s employment under this Agreement to which such payment relates), such Management Holder shall not directly, or earlier termination of such employmentindirectly through another Person, Executive shall not, directly (x) induce or indirectly, individually or together with attempt to induce any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agentemployee, representative, independent contractor, agent or consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or any of its Affiliates or Subsidiaries to leave the Bank employ or services of the Company or any of its Affiliates or Subsidiaries, or in any way interfere with the relationship between the Company or any of its Affiliates or Subsidiaries and any employee, representative, agent or consultant thereof, (y) hire any person who was an employee, representative, agent or consultant of the Company or any of its Affiliates or Subsidiaries at any time during the onetwelve-year month period immediately prior to the Expiration Date date on which such hiring would take place (it being conclusively presumed by the parties so as to avoid any disputes under this Section 9(d) that any such hiring within such twelve-month period is in violation of clause (x) above) or Termination Date of Executive’s employment; or (iiz) request directly or advise indirectly call on, solicit or service any customer, supplier, vendor licensee, licensor, representative, agent or others who were doing other business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer relation of the Company or any of its Affiliates or Subsidiaries in order to induce or attempt to induce such Person to cease doing business with, or reduce the Bank to terminate his or her employment with amount of business conducted with, the Company or the Bank; providedany of its Affiliates or Subsidiaries, however, that nothing or in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment way interfere with the Company and/or the Bank shall have expired relationship between any such customer, supplier, licensee, licensor, representative, agent or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers business relation of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business any of its Affiliates or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerSubsidiaries.

Appears in 2 contracts

Sources: Stockholder Agreement (Popular Inc), Stockholder Agreement (Popular Inc)

Non-Solicitation. (i) The Executive recognizes specifically acknowledges that the business Confidential Information described in this Section 12 includes confidential data pertaining to current and prospective customers of the Company Company, that such data is a valuable and unique asset of the Bank Company’s business and that the success or failure of the Company’s specialized business is highly competitivedependent in large part upon the Company’s ability to establish and maintain close and continuing personal contacts and working relationships with such customers, and therefore acknowledges and to develop proposals which are specifically designed to meet the requirements of such customers. Therefore, the Executive agrees that at all times while employed by during the Company and/or the Bank Term of this Agreement, and for a period of one (1) year following after the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentTermination, Executive shall he will not, except on behalf of the Company or with the Company’s express written consent, solicit, either directly or indirectly, individually on his own behalf or together with on behalf of any other personperson or entity, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant any customers or otherwise:targeted potential customers with whom he had contact before the Date of Termination to take any action which could reasonably be expected to adversely affect the Company. (iii) solicit The Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective employees and agents of the Company, and the Executive further agrees that during the Term of this Agreement, and for a period of one (1) year after the Date of Termination, the Executive will not directly or indirectly solicit, induce or attempt to induce, on his own behalf or on behalf of any manner other person or seek to obtain entity, the business services of any person who is or was a customer or an active prospective customer employee of the Company or solicit any of the Bank during the one-year period prior Company’s employees, consultants or agents to the Expiration Date terminate their employment or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business agency with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or take any other personactions which would otherwise cause the Company’s employees, consultants or agents to terminateviolate any Company policy, reduce, limit program or change their business or relationship with the Company or the Bank; orplan. (iii) induceThe Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective vendors and suppliers of the Company, request and the Executive agrees that during the Term of this Agreement, and for a period of one (1) year after the Date of Termination, the Executive will not directly or attempt to influence indirectly solicit, on his own behalf or on behalf of any officer other person or entity, any vendor or supplier of the Company for the purpose of terminating or changing (in an adverse manner) such vendor’s or supplier’s relationship or agency with the Bank Company. (iv) For purposes of this Section 12(a), references to terminate his or her employment with the Company mean the Company or the Bank; provided, however, that nothing in this Section any existing or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers future subsidiary of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with and any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, other entities that directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any through one or more such actions taken intermediaries, control, are controlled by such customers or such officers are under common control with Executive in his capacity as an employee of New Employerthe Company.

Appears in 2 contracts

Sources: Employment Agreement (Acxiom Corp), Employment Agreement (Acxiom Corp)

Non-Solicitation. Executive recognizes Employee agrees that (i) for the business period commencing on the Effective Date and ending on the twelve (12) month anniversary of the date on which Employee’s employment with the Company is terminated for any reason (such period shall be referred to as the “Restricted Period”), the Employee will not, without written consent of the Company and the Bank is highly competitivedirectly or indirectly Solicit, and therefore acknowledges and agrees that at all times while employed by recruit, induce or encourage to leave employment or association with the Company and/or or any of its Affiliates (the Bank and for a period of one year following “Company Group”), or to become employed by, become associated with or consult for, any Person other than the Expiration Date of Executive’s employment under this Agreement Company Group, or earlier termination of such employmenthire, Executive shall notattempt to hire, directly employ or indirectlyengage (whether as an employee, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, managerconsultant, agent, representative, independent contractor, consultant director, equity holder, member, manager, general or otherwise: (i) solicit limited partner or in any manner other capacity), any Person who or seek to obtain the business of any person who which is or was a customer employed or an active prospective customer of engaged by the Company Group at the time of such Solicitation, recruitment, inducement, or the Bank during encouragement or the one-year period prior to the Expiration Date preceding such activity (each such Person, a “Specified Individual”), or Termination Date of Executive’s employment; or (ii) request during the Restricted Period, directly or advise indirectly induce or encourage any customer, supplier, vendor client or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer supplier of the Company or Group to cease to engage the Bank to terminate his or her employment with services of the Company or the BankGroup; provided, however, that nothing (A) the foregoing shall not apply with respect to Employee causing to be placed any general advertisements in this Section newspapers and/or other media of general circulation (including advertisements posted on the Internet or social media) that are not targeted specifically at the Company Group or its respective employees or consultants, provided that in no event shall a Specified Individual be hired or otherwise retained as a result of such general advertisement, in each case, with actual knowledge of Employee and (B) during the Employee’s employment, the Employee may not engage in the foregoing activities with respect to any Person who was employed or engaged by the Company Group at any time during the Restricted Period. “Person” means an individual, a partnership, a corporation, an association, a limited liability company, a joint stock company, a trust, a joint venture, an unincorporated organization or a governmental entity or any other provision department, agency or political subdivision thereof. “Solicit” shall mean making any direct or indirect communication of this Agreement shall preclude or prohibit Executiveany kind, if Executive’s Term regardless of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employerwho initiates it, or (b) engaging in discussions any conduct that in any way invites, advises, encourages, or negotiations with requests any officers of the Company Person to take or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of refrain from taking any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employeraction.

Appears in 2 contracts

Sources: Employment Agreement (Virtuix Holdings Inc.), Employment Agreement (Virtuix Holdings Inc.)

Non-Solicitation. Executive recognizes that During the business period of your employment with the Company and the Bank is highly competitiveor any of its affiliates, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following months after the Expiration Date cessation of Executive’s your employment under this Agreement for any reason, whether with or earlier termination of such employmentwithout Cause, Executive shall you will not, directly or indirectly, individually on your own behalf or together with on behalf of any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, and whether through your own efforts or through the efforts or employing the assistance of any other person (including without limitation any consultant or otherwise:any person employed by or associated with any person with whom you become employed or associated): (ia) call on or solicit in any manner any customer of the Company or seek to obtain any of its affiliates for the purpose of doing business of the type done by the Company or any of its affiliates with such customer. For purposes of this Agreement, “customer” means any individual, firm, partnership, corporation, or other entity or person (i) currently doing business or who is has done business with the Company or was any of its affiliates in the 12 months prior to the cessation of your employment, or (ii) any prospective customer that you know to be a customer or an active prospective customer of the Company or any of its affiliates and with whom the Bank during the one-year period prior Company or any of its affiliates is in discussion with and reasonably expects to the Expiration Date or Termination Date of Executive’s employmentdo business; or (iib) request Solicit or advise otherwise induce any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer employee of the Company or any of its affiliates to leave the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers employ of the Company or any of its affiliates. To the Bank referred extent the terms of this Section 17 are less restrictive (from your perspective) than comparable non-solicitation restrictions agreed to in subparagraph by you pursuant to any Option agreement or Restricted Stock agreement dated prior to the date hereof (i) above regarding their entering into business or customer relationships or opening accounts with collectively, the New Employer“Prior Agreements”), or (b) engaging in discussions or negotiations with any officers the terms of this Section 17 shall supersede and replace the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if comparable non-solicitation provisions in each such case such discussions Prior Agreement. By accepting and negotiations are not agreeing to the resultterms of this Agreement, directly or indirectly, you acknowledge that your receipt of solicitations, inducements, approaches, overtures or other expressions the grant of interest initiated the Award evidenced by Executive with such customers or officers but rather are this Agreement represents adequate consideration for the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive undertaking set forth in his capacity as an employee of New Employerthis Section 17.

Appears in 2 contracts

Sources: Stock Option Agreement (People's United Financial, Inc.), Stock Option Agreement (People's United Financial, Inc.)

Non-Solicitation. Executive recognizes that Employee agrees to the business following prohibitions on solicitation of the Company and the Bank is highly competitiveCompany's employees, customers, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentbusiness interests, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwiseto wit: (ia) solicit in Employee shall not at any manner time during the period of his employment with the Company, or seek to obtain during the business two (2) year period immediately following the effective date of any person who is or was a customer or an active prospective customer his termination (the "Non-Solicitation Period"), without the prior written consent of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date Company, on behalf of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, himself or any other personperson or entity, to terminate, reduce, limit solicit for employment or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence employ any officer of the Company current officers or employees of the Bank to terminate his or her employment with the Company or the BankCompany; provided, however, that nothing in this Section or contained herein shall prohibit the Employee from hiring employees of the Company when such employment results from general solicitations for employment. (b) Employee shall not at any other provision time during the period of this Agreement shall preclude or prohibit Executive, if Executive’s Term of his employment with the Company and/or Company, or during the Bank Non-Solicitation Period, without the prior written consent of the Company, solicit for his own benefit, or for the benefit of any company or persons by whom he is employed, or for whom he may be acting, any of the current customers of the Company, nor shall have expired he divulge to any other person any information or Executive’s employment shall have been early terminatedfact relating to the management, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer business (“New Employer”including prospective business), from (a) entering into discussions finances, or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with terms of any officers contracts of the Company which is not freely available to the public. (c) Employee covenants and agrees that a material breach of the foregoing subsections would immediately and irreparably harm the Company and that a remedy at law would be inadequate to compensate the Company for its losses by reason of such breach and therefore that the Company shall, in addition to any rights and remedies available under this Release, at law or otherwise, be entitled to an injunction to be issued by any court of competent jurisdiction enjoining and restraining the Bank referred to in subparagraph (iii) above regarding their accepting employment with Employee from committing any violation of the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerforegoing subsections.

Appears in 2 contracts

Sources: Severance Agreement (Beverly Enterprises Inc), Severance Agreement (Beverly Enterprises Inc)

Non-Solicitation. Executive recognizes that Key Person agrees that, from the business date of the Company and Closing until the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by second anniversary of the end of the Key Person’s employment or service as a director or officer with the Company and/or (the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment“Restricted Period”), Executive Key Person shall not, in any manner, directly or indirectlyindirectly (without the prior written consent of Parent): (i) Solicit any Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with Parent or any of its Subsidiaries (including the Company), individually (ii) interfere with or together damage any relationship between Parent, Parent Bank or the Company, on the one hand, and a Client, on the other hand, or (iii) Solicit anyone who is an employee of Parent or any of its Subsidiaries (or who was, to Key Person’s knowledge, an employee of Parent or any of its Subsidiaries within the prior 90 days) to resign from Parent or any of its Subsidiaries (including the Company) or to apply for or accept employment with any other personCompetitive Enterprise. For purposes of this Agreement, as owner(A) all references to the “Company” shall mean CUB and its Subsidiaries prior to the Effective Time and Parent and its Subsidiaries at and following the Effective Time, shareholder(B) “Person” shall mean any individual, investorbank, membercorporation (including not-for-profit), partnerjoint-stock company, proprietorgeneral or limited partnership, principallimited liability company, directorjoint venture, officerestate, executivebusiness trust, managertrust, agentassociation, representativeorganization, independent contractor, consultant firm or otherwise: (i) solicit in any manner other entity or seek to obtain the business of any person who is kind or was a customer nature, (C) “Competitive Enterprise” shall mean (1) any banking organization that competes anywhere within CUB’s “footprint” (i.e., where CUB or an active prospective customer any of the Company or the Bank during the one-year period its Subsidiaries regularly conducted business prior to the Expiration Date Effective Time) with any of the business activities engaged in by CUB or Termination Date any of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period its Subsidiaries prior to the Expiration Date Effective Time or Termination Date (2) any entity or business attempting to acquire an interest in a banking organization described in clause (1); (D) “Client” shall mean any client of Executive’s employment, CUB or any other personof its Subsidiaries to whom Key Person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate in his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employer.an

Appears in 2 contracts

Sources: Non Solicitation Agreement (CU Bancorp), Non Solicitation Agreement (Pacwest Bancorp)

Non-Solicitation. Executive recognizes that (a) For a period commencing on the business date of this Agreement and ending on the second anniversary of the Closing Date (the “Nonsolicitation Period”), neither Buyers nor the Company and shall, directly or indirectly, for itself or on behalf of or in conjunction with any other person (other than as a holder of not more than one percent (1%) of the Bank outstanding stock of a corporation), nor shall it permit any of its subsidiaries, directors, officers, employees, agents, advisors or representatives to, directly or indirectly, call upon any person who is, at the time the person is highly competitivecalled upon, and therefore acknowledges and agrees that at all times while an employee of Parent, for the purpose or with the intent of soliciting such employee away from or out of the employ of Parent, or employ or offer employment to any person who was or is employed by the Company and/or the Bank and Parent unless such person shall have ceased to be employed by Parent for a period of at least six months; provided, that, at the request of any Buyer or any Affiliate thereof, Parent may, in its sole discretion, determine to waive this provision with respect to one year following or more such employees of Parent, such waiver to be evidenced in a writing delivered by Parent to such Buyer; provided, further, that notwithstanding anything to the Expiration Date contrary in this Agreement, for a period of Executive’s six (6) months after the Closing the Company may solicit up to an aggregate of ten (10) employees of Parent (excluding employees of Parent employed by Force or any of its subsidiaries) for purposes of post-Closing employment under this Agreement with the Company and; provided, further, that in the event Buyers or earlier termination the Company hire any such employee at any time during the Continuation Period, such employee shall be deemed to be a “Transferred Employee” for all purposes hereunder as of such employmentthe respective date of hire. (b) During the Nonsolicitation Period, Executive Parent shall not, directly or indirectly, individually for itself or together on behalf of or in conjunction with any other person, person (other than as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: a holder of not more than one percent (i1%) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date outstanding stock of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”corporation), from (a) entering into discussions nor shall it permit any of its subsidiaries, directors, officers, employees, agents, advisors or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultrepresentatives to, directly or indirectly, call upon any person who is, at the time the person is called upon, an employee of solicitationsthe Company, inducementsfor the purpose or with the intent of soliciting such employee away from or out of the employ of the Company, approachesor employ or offer employment to any person who was or is employed by the Company unless such person shall have ceased to be employed by the Company, overtures or other expressions as applicable, for a period of interest initiated by Executive at least six (6) months; provided, that, at the request of Parent, any Buyer may, in its sole discretion, determine to waive this provision with such customers or officers but rather are the result, directly or indirectly, of any respect to one or more such actions taken employees of the Company, such waiver to be evidenced in a writing delivered by such customers Buyer to Parent. (c) The foregoing Sections 5.11(a) and (b) shall not be deemed to prohibit any person from engaging in general media advertising or such officers solicitation that may be targeted to a particular geographic or technical area but that is not targeted towards employees of Parent (in the case of Section 5.11(a)) or the Company (in the case of Section 5.11(b)). (d) For purposes of this Section 5.11, references to “Parent” shall mean Parent, together with Executive in his capacity its Affiliates (excluding the Company Entities and Parent Brazil with respect to the Brazilian Operations) and references to the Company shall mean each of the Company Entities, Parent Brazil with respect to the Brazilian Operations and Brazil NewCo, as an employee of New Employerand after the BRT Date.

Appears in 2 contracts

Sources: Transaction Agreement (SMART Modular Technologies (WWH), Inc.), Transaction Agreement (Smart Modular Technologies Inc)

Non-Solicitation. (a) Executive recognizes that shall not at any time during the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following his employment with the Expiration Date of Executive’s employment under this Agreement Company, or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-one (1) year period prior to the Expiration Date or immediately following his Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business Employment with the Company or ("Non-Solicitation Period"), without the Bank during prior written consent of the one-year period prior to the Expiration Date or Termination Date Company, on behalf of Executive’s employment, himself or any other person, to terminate, reduce, limit solicit for employment or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence employ any officer of the Company current officers or employees of the Bank to terminate his or her employment with the Company or the BankCompany; provided, however, that nothing in this Section or contained herein shall prohibit Executive from hiring employees of the Company when such employment results from general solicitations for employment. (b) Executive shall not at any other provision time during the period of this Agreement shall preclude or prohibit Executive, if Executive’s Term of his employment with the Company and/or Company, or during the Bank shall have expired Non-Solicitation Period, without the prior written consent of the Company, solicit for his own use, or Executive’s employment shall have been early terminatedfor the use of any company or person by whom he is employed, and within one year after or for whom he may be acting, any of the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective current customers of the Company, nor shall he divulge to any other person any information or fact relating to the management, business (including prospective business), finances, its customers or the terms of any of the contracts of the Company which has heretofore or which may hereafter come to the knowledge of Executive which is not freely available to the public. (c) Executive shall not, during the Non-Solicitation Period, in any way defame the Company or disparage its business capabilities, products, plans or management to any customer, potential customer, vendor, supplier, contractor, subcontractor of the Bank referred Company so as to in subparagraph affect adversely the goodwill or business of the Company. (id) above regarding their entering into business or customer relationships or opening accounts with the New EmployerExecutive covenants and agrees that a breach of these subparagraphs (a), or (b) engaging or (c) would immediately and irreparably harm the Company and that a remedy at law would be inadequate to compensate the Company for its losses by reason of such breach and therefore that the Company shall, in discussions addition to any rights and remedies available under this Agreement, at law or negotiations with otherwise, be entitled to any officers injunction to be issued by any court of competent jurisdiction enjoining and restraining Executive from committing any violation of these subparagraphs (a), (b) or (c), and Executive hereby consent to the issuance of such injunction. (e) For purposes of this Paragraph 5 and in consideration of this Agreement, this non-solicitation agreement has been separately negotiated and bargained for, and constitutes a substantial portion of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerconsideration for this Agreement.

Appears in 2 contracts

Sources: Employment and Severance Agreement (Beverly Enterprises Inc), Employment and Severance Agreement (Beverly Enterprises Inc)

Non-Solicitation. The Executive recognizes that agrees that, during the business of Restricted Period, the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly or indirectly, individually (a) interfere with or together attempt to interfere with the relationship between the Company or any other personmember of the Covered Group (as defined below) and any Person who is, as owneror was during the then most recent twelve-month period, shareholder, investor, member, partner, proprietor, principal, directoran employee, officer, executiverepresentative, managerauthor, agentcontributor or agent of (i) the Company or (ii) any other member of the Covered Group that the Executive had business contact with (which, for the avoidance of doubt, shall exclude business contacts purely as part of broad communications addressed to multiple Persons) during the time that the Executive was employed by the Company (provided that with respect to any employee, officer, representative, independent contractorauthor, consultant contributor or otherwise: agent of the Parent Group (other than the Company and its subsidiaries) such business contact occurred prior to the occurrence of a Transaction) (the “Covered Employees”), or solicit, induce or attempt to solicit or induce any of the Persons described in clauses (i) solicit in any manner or seek (ii) above to obtain leave the business of any person who is employ or was a customer or an active prospective customer service of the Company or any member of the Bank during Covered Group or violate the one-year period terms of their respective contracts, or any employment arrangements, with such entities (other than as to the employees of the Covered Group as a consequence of a Transaction); or (b) induce or attempt to induce any customer, client, supplier, author, contributor, licensee or other business relation of (i) the Company or (ii) any other member of the Covered Group that the Executive came into business contact with (which, for the avoidance of doubt, shall exclude business contacts purely as part of broad communications addressed to multiple Persons) while the Executive was employed by the Company (provided that with respect to any customer, client, supplier, author, contributor, licensee or other business relation of the Parent Group (other than the Company and its subsidiaries) such business contact occurred prior to the Expiration Date or Termination Date occurrence of Executive’s employment; or a Transaction) (iithe “Customer”) request or advise any customer, supplier, vendor or others who were to cease doing business with the Company or any member of the Bank during Covered Group, as the one-year period prior case may be, or (c) in any way interfere with the relationship between a Customer and (i) the Company or (ii) any member of the Covered Group. Notwithstanding the foregoing, the following shall not be violations of this Section 7: (1) general solicitations that are not specifically directed to Covered Employees; (2) providing advice to, or serving as a reference at the Expiration Date or Termination Date request of, a Covered Employee; (3) actions taken in the good faith performance of the Executive’s employment, duties hereunder; and (4) if the Executive solicits or attempts to solicit the business or patronage of a Person that uses or provides services or supplies to multiple service providers or recipients in the same space as it utilizes or supplies the Company or any other personmember of the Covered Group; provided, that, in the case of clause (4), the Executive does not suggest, encourage or cause such entity to terminate, reduce, limit terminate or change their reduce its business or relationship with the Company or any other member of the Bank; or Covered Group. For purposes of this Section 7, at the time of the relevant action as the context requires, the members of the “Covered Group” shall only include (iiix) induce, request or attempt to influence any officer the members of the Company or Group and (y) until the Bank to terminate his or her employment with end of the 12-month period following the date of a Transaction, the Parent and each entity other than the Company or its subsidiaries that was a member of the Bank; providedParent Group (or its successor) as of the date of a Transaction. For purposes of this Agreement, however, that nothing in this Section or an “Affiliate” of a designated Person means any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, Person that directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with such actions taken by designated Person, but after a Private Sale excludes portfolio companies that are affiliated with a Person that effectuates such customers or such officers with Executive Private Sale and are not engaged in his capacity as an employee of New Employerthe Business.

Appears in 2 contracts

Sources: Employment Agreement (McGraw-Hill Global Education LLC), Employment Agreement (McGraw-Hill Education, Inc.)

Non-Solicitation. Executive recognizes a. In consideration of your Award, you agree that the business of during your employment with the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentyour employment for any reason, Executive shall not, you will not directly or indirectly, individually or together with in any capacity on your behalf or on behalf of any other personindividual, as ownerfirm, shareholderassociation, investorpartnership, membercorporation, partneror other business entity, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit hire, solicit, or make an offer to; or (ii) attempt to or participate or assist in any manner effort to hire, solicit, or seek make an offer to obtain any Restricted Employee to be employed or to perform services outside of the business Company. For the purposes of this Paragraph, a “Restricted Employee” is any person (i) who is an employee of the Company at the time of any person conduct by you referenced in the preceding sentence, or (ii) who is was an employee of the Company at any time in the twelve (12) month period immediately preceding any conduct by you referenced in the preceding sentence. b. You also agree that during your employment with the Company and for one year following the termination of your employment for any reason, you will not directly or was indirectly, or in any capacity on your behalf or on behalf of any other individual, firm, association, partnership, corporation, or other business entity (i) solicit, for business purposes, any Restricted Customer of the Company; (ii) induce or attempt to induce any Restricted Customer to reduce, eliminate, or terminate its business with the Company; or (iii) divert or attempt to divert any business from a customer Restricted Customer to any entity that engages in, or owns or controls an active interest in any entity that engages in, competition with any business unit or division of the Company in which you worked at any time during the three (3) year period prior to the termination of your employment with the Company. For the purposes of this Paragraph, “Restricted Customer” means any actual or prospective customer of the Company which you were directly or the Bank indirectly involved with, or exposed to confidential information about, as part of your job responsibilities during the one-year period prior to the Expiration Date or Termination Date last twelve (12) months of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her your employment with the Company or Company. The term “Restricted Customer” shall not include any customer with whom you had a pre-existing relationship prior to becoming employed by the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCompany.

Appears in 2 contracts

Sources: Performance Share Units Equity Award Agreement (Kyndryl Holdings, Inc.), Restricted Stock Units Equity Award Agreement (Kyndryl Holdings, Inc.)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for For a period of one year following eighteen (18) months after the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentthe Employee's employment by the Company, Executive shall notthe Employee will not solicit or service, directly or indirectly, individually business on Employee's own behalf, or together on behalf of any person or legal entity with any other person, whom Employee may be associated as owner, shareholder, investor, memberemployee, partner, proprietorassociate, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant agent or otherwise: (i) solicit in any manner other capacity, from any Customer Project, whether or not Employee had significant dealings with that Customer Project. This paragraph prohibits solicitation of, and sales to, Customer Projects of any and all products or services that would compete with those normally provided by the Company at the time Employee leaves the Company. Any dealings in products or services that are not competitive with those normally provided by the Company are not prohibited by this paragraph. Employee will not solicit or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultinfluence, directly or indirectly, any employee, contractor, or agent of solicitationsthe Company to terminate his relationship with the Company. For purposes of this Section 10, inducements"Customer Project" shall mean any project which: (I) the Company has an existing contract to perform services under at the time of the termination of this Agreement; (ii) the Company has bid to obtain a contract for in the 12 months preceding the termination of this Agreement, approachesor (iii) the Company had formed an intention to submit a bid to perform services for any time prior to the termination of this Agreement and which the Company actually submits a bid for within the 120 day period following termination of this Agreement. Following termination of this Agreement, overtures if Employee, or other expressions of interest initiated by Executive with such customers a person or officers but rather are the result, an entity that directly or indirectlyindirectly employs Employee enters into a contract for a Customer Project to provide products or services that would compete with those normally provided by Company, it will be deemed prima facie evidence of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee a violation of New Employerthis paragraph 10(b).

Appears in 2 contracts

Sources: Employment Agreement (Am Communications Inc), Employment Agreement (Am Communications Inc)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and Employee agrees that at all times while employed for purposes hereof, if this Agreement is terminated pursuant to Section 4(a)(ii) (by the Company and/or for Cause), pursuant to Section 4(a)(v) (by Employee without Good Reason), or due to Employee providing notice to the Bank and for a period of one year following the Expiration Date of Executive’s employment under Company that Employee is not renewing this Agreement pursuant to the provisions of Section 2(c), then during the Term of this Agreement and in the event of any termination or earlier termination expiration of such employmentthis Agreement, Executive until the expiration of the Restricted Period, Employee shall not, anywhere within the Territory, without the prior written consent of the Company, either directly or indirectly, individually on his own behalf or together with any other personin the service of or on behalf of others, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in solicit, contact, call upon, communicate with or attempt to communicate with any manner supplier of goods or seek services to obtain the business Company, any customer of the Company or prospective customer of the Company, or any representative of any person who is or was a customer or an active prospective customer of the Company with a view to selling or providing any product, deliverable or service competitive or potentially competitive with any product, deliverable or service sold or provided or under development by the Bank Company during the one-year period prior to of two (2) years immediately preceding the Expiration Date or Termination Date (provided that the foregoing restrictions shall apply only to customers or prospective customers of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer representatives of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company with which Employee had material contact during the two (2) year period immediately preceding the Termination Date); (ii) solicit, induce or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with encourage any officers supplier of the Company to terminate or modify any business relationship with the Bank referred to in subparagraph Company; or (iii) above regarding their accepting employment otherwise take any action which may reasonably be anticipated to interfere with or disrupt any past, present or prospective business relationship, contractual or otherwise, between the New EmployerCompany and any customer, if supplier or agent of the Company. The actions prohibited by this Section 6(b) shall not be engaged in each such case such discussions and negotiations are not the result, by Employee directly or indirectly, of solicitationswhether as employee, inducementsindependent contractor, approachesmanager, overtures salesperson, agent, technical support technician, sales or other expressions of interest initiated by Executive with such customers service representative, or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerotherwise.

Appears in 2 contracts

Sources: Employment Agreement (Mobivity Holdings Corp.), Employment Agreement (Mobivity Holdings Corp.)

Non-Solicitation. Executive recognizes that (a) During the business period beginning on the Closing Date and ending on the three (3) year anniversary of the Closing Date (the “Restricted Period”), none of GES, SWOP and WSS (each, a “GES Company”), and collectively, the “GES Companies”), shall (and each shall cause its Affiliates not to) directly, or indirectly through another Person, (i) induce or attempt to induce any employee of the Company and (or any of its Affiliates) to leave his or her employment, or in any way interfere with the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by relationship between the Company and/or the Bank (or any of its Affiliates) and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of any such employmentemployee, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (iii) solicit in any manner or seek to obtain the business of hire any person who is or was a customer or an active prospective customer employee of the Company (or the Bank any of its Affiliates) at any time during the onesix-year month period immediately prior to the Expiration Date date on which such hiring would take place, or Termination Date of Executive’s employment; or (iiiii) request call on, solicit or advise service any customer, suppliercharterer, vendor lessor, vendor, licensee, licensor or others who were other business relation of the Company in order to induce or attempt to induce such Person to cease doing or decrease their business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentits Affiliates, or in any other person, to terminate, reduce, limit or change their business or relationship way interfere with the Company relationship between any such customer, charterer, lessor, vendor, licensee, licensor or the Bank; or (iii) induce, request or attempt to influence any officer other business relation of the Company or the Bank to terminate his its Affiliates (including making any negative statements or her employment with communications about the Company or its Affiliates). Notwithstanding the Bank; providedforegoing, howeverthe restrictions set forth in this Section 9.9(c) shall not apply to the employees of any shareholders of the Company and shall not prohibit (Y) the employment of employees of the Company who solicit any of the GES Companies for employment or (Z) the solicitation of employees through general advertising (e.g., that newspaper or internet), or the hiring of employees responding to such general advertising. Furthermore, for the avoidance of doubt, nothing in this Section 9.9 (c) shall prohibit any of the GES Companies from doing business with any vendors of the Company in the normal course of business. (b) During the Restricted Period, the Company shall not (and shall cause its Affiliates not to) directly, or indirectly through another Person, (i) induce or attempt to induce any employee of the GES Companies (or any of their Affiliates) to leave his or her employment, or in any way interfere with the relationship between the GES Companies (or any of their Affiliates) and any such employee, (ii) hire any person who was an employee of the GES Companies (or any of their Affiliates) at any time during the six-month period immediately prior to the date on which such hiring would take place, or (iii) with respect to the GES Affiliate Businesses, call on, solicit or service any customer, charterer, lessor, vendor, licensee, licensor or other provision business relation of the GES Companies in order to induce or attempt to induce such Person to cease doing or decrease their business with the GES Companies or their Affiliates, or in any way interfere with the relationship between any such customer, charterer, lessor, vendor, licensee, licensor or other business relation of the GES Companies or their Affiliates (including making any negative statements or communications about the GES Companies or their Affiliates). Notwithstanding the foregoing, the restrictions set forth in this Section 9.9(b) shall not apply to (A) the employees of any members of IDM Group, Ltd., the ultimate parent of the GES Companies or (B) the Transferred Employees, and shall not prohibit (Y) the employment of employees of the GES Companies who solicit the Company for employment or (Z) the solicitation of employees through general advertising (e.g., newspaper or internet), or the hiring of employees responding to such general advertising. Furthermore, for the avoidance of doubt, nothing in this Section 9.9 (b) shall prohibit the Company from doing business with any vendors of the GES Companies in the normal course of business. (c) If, at the time of enforcement of any of the provisions of this Agreement Section 9.9, a court determines that the restrictions stated herein are unreasonable under the circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under the circumstances shall preclude be substituted for the stated period, scope or prohibit Executivearea. The parties further agree that such court shall be allowed to revise the restrictions contained herein to cover the maximum period, if Executive’s Term scope or geographical area permitted by Law. (d) Notwithstanding anything to the contrary contained herein, the restricted periods set forth in Section 9.9(a) or (b), respectively, shall be extended with respect to any breaching party for a period equal to any time period that such breaching party is in violation of employment with Section 9.9(a) or (b), respectively. (e) If either GES or the Company and/or Company, or any of their respective Affiliates breaches, or threatens to commit a breach of, any of the Bank shall have expired provisions of Section 9.8 or Executive’s employment shall have been early terminated, and within one year after this Section 9.9 (the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (New EmployerRestrictive Covenants”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or non-breaching party shall have the Bank referred to in subparagraph right and remedy (i) above regarding their entering into business to have the Restrictive Covenants specifically enforced by any court of competent jurisdiction, it being agreed that any breach or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers threatened breach of the Company or Restrictive Covenants would cause irreparable injury to such party and that money damages would not provide an adequate remedy to the Bank referred non-breaching party; and (ii) to in subparagraph (iii) above regarding their accepting employment with require the New Employerbreaching party to account for and pay over to the non-breaching party any profits, if in each such case such discussions and negotiations are not the resultmonies, directly or indirectlyaccruals, of solicitations, inducements, approaches, overtures increments or other expressions of interest initiated benefits derived or received by Executive with such customers or officers but rather are the result, directly or indirectly, breaching party as the result of any one transactions constituting a breach of the Restrictive Covenants. Each of the rights and remedies set forth herein shall be independent of the others, severally enforceable, and in addition to, and not in lieu of, any other rights and remedies available to the non-breaching party at law or more such actions taken by such customers in equity. (f) Notwithstanding any provision in this Agreement to the contrary, the Restrictive Covenants shall not apply to Lime Rock Management, L.P. and its Affiliates or such officers with Executive in his capacity as an employee of New Employer4D Global Energy Advisors S.A.S. and its Affiliates.

Appears in 2 contracts

Sources: Asset Contribution and Share Subscription Agreement (Independence Contract Drilling, Inc.), Asset Contribution and Share Subscription Agreement (Independence Contract Drilling, Inc.)

Non-Solicitation. Executive recognizes that Service Provider agrees and undertakes to Client, for the business term of the Company this agreement and the Bank is highly competitiveany renewal thereof, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one (1) year following its termination, not to solicit, do business with or attempt to do business with, at any location whatsoever, directly or indirectly and in any manner whatsoever, with Client’s client during the Expiration Date of Executive’s employment under this Agreement project being conducted. Also, Service Provider shall not solicit or earlier termination of such employment, Executive shall nothire in any way, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractoran employee, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of other title whatsoever, any person who is or was a customer or an active prospective customer of the Company employees, directors, executives or other people (hereafter collectively the Bank during “Employees” for the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision purposes of this Agreement shall preclude article) working full or prohibit Executive, if Executivepart time for Client (or Client’s Term client) at the time when the period of employment with one (1) year begins or having thus worked in the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminatedtwelve (12) months preceding that time, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultno way will attempt to, directly or indirectly, of solicitations, inducements, approaches, overtures encourage one or other expressions of interest initiated by Executive with such customers said Employees to leave their job. For the purposes of the preceding provisions: Any member of Client’s (of Client’s client’s) personnel who agrees, during the above-mentioned period of prohibition, to work or officers provide any service whatsoever for monetary or other compensation to any person but rather are Client (or Client’s client), in which the resultdefaulting Service Provider might have, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity interest, whether as an owner, investor, shareholder, director, employee or in another manner, will be construed to have been solicited; Any person having retained the Client’s services in the two (2) years preceding the start of New Employerthe abovementioned period of prohibition will be construed to be a client of Client; Service Provider acknowledges that any contravention on its part of this non solicitation agreement will result for it, without prejudice to any other rights and remedies available to the intermediary, in the imposition of a penalty of one thousand dollars ($1,000.00) per day of violation of the performance of the obligations set forth in the provisions of articles 8.1 and 8.2 herein. Consequently, in the event of such failure confirmed by a court or by an arbitration board, Service Provider shall give Client the amount of one thousand dollars ($1,000.00) per day of violation of the performance of the obligations, without prejudice to the rights and remedies, Service Provider’s fees, injunction proceedings, damages or any other remedy related to such a violation or threat of violation. The non-solicitation clause is not mandatory but strongly recommended. It is only given here as an example. It is one of the key aspects of the agreement that should be considered to demonstrate the service provider’s integrity to the client.

Appears in 2 contracts

Sources: Service Agreement, Service Agreement

Non-Solicitation. Executive recognizes that (a) During the business period of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under by the Company, whether pursuant to this Agreement or earlier otherwise, and for the twelve (12) -month period following the termination of such employmentthe Executive’s employment with the Company for any reason, the Executive shall will not, without the written consent of the Company, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in influence or attempt to influence any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or any of its affiliates to discontinue its use of the Bank during Company’s (or such affiliate’s) services or to divert such business to any other person, firm or corporation; provided; however, that a broad and general advertisement or solicitation not specifically targeting or intending to target customers of the one-year period prior to the Expiration Date Company or Termination Date any of Executive’s employmentits affiliates shall not be deemed a violation of this Section 8; or (ii) request interfere with, disrupt or advise any customerattempt to disrupt the relationship, suppliercontractual or otherwise, vendor or others who were doing business with between the Company or any of its affiliates and any of its respective employees, customers, suppliers, principals, distributors, lessors or licensors. Efforts by the Bank during the one-year period prior Executive, whether direct or indirect, (A) to the Expiration Date solicit or Termination Date of Executive’s employment, or assist any other person, to terminate, reduce, limit person or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence entity in soliciting any officer employee of the Company or any of its affiliates to perform services for any entity (other than the Bank Company or any of its affiliates) or (B) to terminate his encourage any employee of the Company, or her any of its affiliates to leave their employment with the Company or the Bank; provided, however, that nothing any of its affiliates shall be in violation of this Section 8. A person’s response to a broad and general advertisement or any other provision of this Agreement shall preclude solicitation not specifically targeting or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers intending to target employees of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or any of its affiliates shall not be deemed a violation of this Section 8. (b) engaging in discussions or negotiations with In the event the Executive materially breaches any officers of the provisions contained in Section 8(a) hereof and the Company or seeks compliance with such provisions by judicial proceedings, the Bank referred time period during which the Executive is restricted by such provisions shall be extended by the time during which the Executive has been in violation of any such provision and any period of litigation required to in subparagraph enforce the Executive’s obligations under this Agreement. (iiic) above regarding their accepting employment with The Executive and the New EmployerCompany intend that Section 8 of this Agreement be enforced as written. However, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more of the provisions contained in Section 8 shall for any reason be held to be unenforceable because of the duration or scope of such actions taken provision or the area covered thereby, the Executive and the Company agree that the court making such determination shall have the full power to reform, by “blue penciling” or any other means, the duration, scope and/or area of such customers or provision and in its reformed form such officers with Executive in his capacity as an employee of New Employerprovision shall then be enforceable and shall be binding on the parties.

Appears in 2 contracts

Sources: Employment Agreement (Broadway Financial Corp \De\), Employment Agreement (Broadway Financial Corp \De\)

Non-Solicitation. In consideration for (i) the Company’s promise to provide Confidential Information to Executive recognizes that and Executive’s return promise to hold the business of Company’s Confidential Information in trust, (ii) the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed substantial economic investment made by the Company and/or in the Bank Confidential Information and goodwill of the Company, and the business opportunities disclosed or entrusted to Executive, (iii) the compensation and other benefits provided by the Company to Executive, and (iv) the Company’s employment of Executive pursuant to this Agreement, and to protect the Company’s Confidential Information, customer relationships, and goodwill, Executive agrees that, during the Employment Period and for a period of one year twelve (12) months immediately following the Expiration Date date of Executive’s employment termination from employment, other than in connection with his authorized duties under this Agreement or earlier termination of such employmentAgreement, Executive shall not, directly or indirectly, individually or together with any other person, either as owner, shareholder, investor, member, partner, proprietor, a principal, director, officer, executive, manager, agent, representativeemployee, independent contractorconsultant, consultant officer, director, stockholder, partner, investor, owner, or otherwiselender or in any other capacity, and whether personally or through other persons or entities: (i) Solicit business from, interfere with, attempt to solicit in business with, or do business with any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company with whom the Company did business or who the Bank Company solicited within the preceding twelve (12) months, and who or which Executive contacted, called on, serviced or did business with during Executive’s employment at the one-year period Company (and not at any time prior to commencement of the Expiration Date Employment Period). This restriction in this Section 7(a)(i) only prohibits soliciting, attempting to solicit or Termination Date transacting business for any person or entity, other than the Company, engaged in the business of Executive’s employmentmining bitcoin; or (ii) request Solicit, induce or advise any customerattempt to solicit or induce, supplierengage or hire, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date on behalf of Executive’s employment, himself or any other personperson or entity, to terminate, reduce, limit any person who is an employee or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer consultant of the Company or the Bank to terminate his or her employment with who was employed by the Company or within the Bank; providedpreceding twelve (12) months (general advertisements and similar solicitations not directed at any specific individuals shall not be considered solicitation for this purpose). Notwithstanding the foregoing, however, that nothing the restrictions contained in this Section shall not apply to ▇▇▇▇▇ ▇▇▇▇▇▇▇. The provisions contained in this Section 7 are considered reasonable by Executive and the Company. In the event that any such provisions should be found to be void under applicable laws but would be valid if some part thereof was deleted or any other provision the period or area of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective. In the event Executive breaches this Agreement shall preclude or prohibit ExecutiveSection 7, if Executive’s Term of employment with Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Bank Company shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred right to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerseek all remedies permissible under applicable law.

Appears in 2 contracts

Sources: Employment Agreement (White Fiber, Inc.), Employment Agreement (Bit Digital, Inc)

Non-Solicitation. Executive recognizes that During the business period of your employment with the Company and the Bank is highly competitiveor any of its affiliates, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following months after the Expiration Date cessation of Executive’s your employment under this Agreement for any reason, whether with or earlier termination of such employmentwithout Cause, Executive shall you will not, directly or indirectlyindirectly , individually on your own behalf or together with on behalf of any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, and whether through your own efforts or through the efforts or employing the assistance of any other person (including without limitation any consultant or otherwise:any person employed by or associated with any person with whom you become employed or associated): (ia) call on or solicit in any manner any customer of the Company or seek to obtain any of its affiliates for the purpose of doing business of the type done by the Company or any of its affiliates with such customer. For purposes of this Agreement, “customer” means any individual, firm, partnership, corporation, or other entity or person (i) currently doing business or who is has done business with the Company or was any of its affiliates in the 12 months prior to the cessation of your employment, or (ii) any prospective customer that you know to be a customer or an active prospective customer of the Company or any of its affiliates and with whom the Bank during the one-year period prior Company or any of its affiliates is in discussion with and reasonably expects to the Expiration Date or Termination Date of Executive’s employmentdo business; or (iib) request Solicit or advise otherwise induce any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer employee of the Company or any of its affiliates to leave the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers employ of the Company or any of its affiliates. To the Bank referred extent the terms of this Section 18 are less restrictive (from your perspective) than comparable non-solicitation restrictions agreed to in subparagraph by you pursuant to any Option agreement or Restricted Stock agreement dated prior to the date hereof (i) above regarding their entering into business or customer relationships or opening accounts with collectively, the New Employer“Prior Agreements”), or (b) engaging in discussions or negotiations with any officers the terms of this Section 18 shall supersede and replace the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if comparable non-solicitation provisions in each such case such discussions Prior Agreement. By accepting and negotiations are not agreeing to the resultterms of this Agreement, directly or indirectly, you acknowledge that your receipt of solicitations, inducements, approaches, overtures or other expressions the grant of interest initiated the Award evidenced by Executive with such customers or officers but rather are this Agreement represents adequate consideration for the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive undertaking set forth in his capacity as an employee of New Employerthis Section 18.

Appears in 2 contracts

Sources: Restricted Stock Agreement (People's United Financial, Inc.), Restricted Stock Agreement (People's United Financial, Inc.)

Non-Solicitation. Executive recognizes that the business of (a) In exchange for the Company providing the Grantee the consideration set forth herein and other confidential information, during the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by Grantee's employment with the Company and/or the Bank and for a period of one year following after the Expiration Date of Executive’s employment under this Agreement or earlier termination separation of such employmentemployment for any reason, Executive shall notthe Grantee hereby agrees not to, either directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: : (i) solicit the employment of, recruit, employ, hire, cause to be employed or hired, entice away, or establish a business with any person whom the Grantee had contact with or job-related information about in the course of such person's employment or other relationship with the Company, or suggest to or discuss with any manner such person the discontinuation of that person's status or seek to obtain employment with the business Company; or (ii) on behalf of any person who is or was a entity engaged in the same or similar business as the Company, call on, service, solicit, or accept competing business from the Company's customers or prospective customers whom or which the Grantee, within the previous two (2) years, had or made contact with regarding the Company's business or had access to the Company's information or files about such customer or an active prospective customer customer. (b) To the extent that any provision of this Section 10 shall be determined to be invalid or unenforceable in any respect or to any extent, the provision shall not be void or rendered invalid, but instead shall be automatically amended for such lesser term, to such lesser extent, or in such other lesser degree, as will grant the Company the maximum protection and restrictions on the Grantee's activities permitted by applicable law in such circumstances. If the Grantee violates a non-solicitation provision described above and the Company brings legal action for injunctive relief, the Company shall not, as a result of such breach or the time involved in obtaining the relief, be deprived of the Company benefit of the full period of the provision(s) violated. Accordingly, the provision(s) shall be deemed to be in effect for the duration specified therein, computed from the date the relief is granted but not to include any period of time during which the Grantee is in violation of the provision(s). (c) The Company's right to enforce the terms of this Section 10 shall not be affected by the existence or non-existence of any other similar agreement for anyone else, or by the Bank during Company's failure to fully enforce, or enforce at all, the oneterms of any other such agreement. The provisions of this Section 10 are in addition to and not in lieu of, and do not supersede, cancel or replace, (i) any agreement regarding non-year period prior to solicitation or non-recruitment of customers, consultants or employees previously or subsequently signed by the Expiration Date Grantee, or Termination Date of Executive’s employment; or (ii) request any provisions of an existing agreement regarding any such subjects. Likewise, this Agreement does not alter or advise amend the terms of any customer, supplier, vendor or others who were doing business with existing agreement between the Company or and the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s Grantee concerning employment, and such agreement shall not operate to preclude the enforcement (or cancel the terms) of this Agreement. In case of any other person, to terminate, reduce, limit or change their business or relationship with conflict between the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision terms of this Agreement and the terms of any such agreement concerning employment, the terms of that agreement shall not operate to cancel, supersede or preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers enforcement of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers terms of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, this Agreement. The terms of any one other such agreement shall be construed and enforced without reference to this Agreement unless such agreement references this Agreement, specifically or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employergenerally.

Appears in 2 contracts

Sources: Performance Share Award Agreement (LegacyTexas Financial Group, Inc.), Performance Share Award Agreement (LegacyTexas Financial Group, Inc.)

Non-Solicitation. Executive recognizes that In consideration for the business of Restricted Stock Award granted pursuant to this Agreement, the Company and the Bank is highly competitive, and therefore acknowledges and Grantee agrees that at all times while employed by the Company and/or the Bank and for a period of one year twelve (12) months following the Expiration Date Grantee’s date of Executive’s employment under this Agreement or earlier termination of such employmenttermination, Executive the Grantee shall not, without the prior written permission of the Company, directly or indirectlyindirectly (1) solicit, individually employ or together with retain, or encourage or cause any other personperson or entity to solicit, as owneremploy or retain, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: any person who (i) solicit in is employed or is providing services to the Company or any manner of its Subsidiaries as of the date of termination or seek to obtain the business of any person who (ii) is or was a customer providing services to the Company or an active prospective customer any of its Subsidiaries within the twelve (12) month period prior to the Grantee’s date of termination, (2) encourage or cause any employee of the Company or any of its Subsidiaries to breach or threaten to breach any terms of such employee’s employment or other agreement with the Bank Company or any of its Subsidiaries or to terminate such employee’s employment with the Company or any of its Subsidiaries, (3) solicit business from any persons or entities whom the Grantee knows or should know (xx) are current clients or customers of the Company or any of its Subsidiaries, (yy) were customers or clients of the Company or any of its Subsidiaries during the one-year twelve (12) month period prior to the Expiration Date date of termination, or Termination Date (4) encourage or cause any clients or customers of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior any of its Subsidiaries to the Expiration Date cancel or Termination Date of Executive’s employment, or terminate any other person, to terminate, reduce, limit or change their business or relationship with the Company or any of its Subsidiaries. If Grantee breaches the Bank; or (iii) induceprovisions of this Section 5, request or attempt the Company shall be entitled to influence any officer recover from Grantee all of the Company Vested Shares granted pursuant to this Agreement or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employervalue thereof.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (ALTERRA CAPITAL HOLDINGS LTD), Restricted Stock Award Agreement (ALTERRA CAPITAL HOLDINGS LTD)

Non-Solicitation. Executive recognizes that (a) During the business period commencing on the date hereof and ending on the last day of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year twelfth (12th) full calendar month following the Expiration Date of Executive’s employment under this Agreement Employee's termination for any reason whatsoever including but not limited to involuntary termination (with or earlier termination of such employmentwithout Cause) and/or voluntary termination, Executive shall Employee hereby covenants that he will not, directly or indirectly, individually solicit, entice or together with induce any other person, Customer or Supplier (as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: defined below) of the Company to (i) solicit become a Customer or Supplier of any other person or entity engaged in any manner or seek to obtain the business of activity that competes with any person who is or was a customer or an active prospective customer of business conducted by the Company or the Bank at any time during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business Employee's employment with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany, or any other person, to terminate, reduce, limit or change their business or relationship with planned by the Company or at any time during the Bank; or (iii) induce, request or attempt to influence any officer period of the Company or the Bank to terminate his or her Employee's employment with the Company or (ii) cease doing business with the Bank; providedCompany, however, and Employee agrees that nothing he will not assist any person or entity in taking any action described in the foregoing clauses (i) and (ii). For purposes of this Section or any other provision 6, (A) a “Customer” of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or means any person, corporation, partnership, trust, division, business unit, department or agency which, at the Bank time of termination or within one year prior thereto, shall have expired be or Executive’s employment shall have been early terminateda customer, and within one year after the Expiration Date distributor or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers agent of the Company or shall be or shall have been contacted by the Bank referred Company for the purpose of soliciting it to become a customer, distributor or agent of the Company; and (B) a “Supplier” of the Company means any person, corporation, partnership, trust, division, business unit, department or agency which, at the time of termination or within one year prior thereto, shall be or shall have been a supplier, vendor, manufacturer or developer for any product or service or significant component used in subparagraph (i) above regarding their entering into business any product or customer relationships or opening accounts with service of the New Employer, or Company. (b) engaging in discussions or negotiations with any officers During the period commencing on the date hereof and ending on the last day of the Company twenty-fourth (24th) full calendar month following the Employee's termination for any reason whatsoever, including but not limited to involuntary termination (with or without Cause) and/or voluntary termination, the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultEmployee will not, directly or indirectly, induce other employees of solicitations, inducements, approaches, overtures the Company to terminate their employment with the Company or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of engage in any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCompeting Business.

Appears in 2 contracts

Sources: Employee Confidential Information and Noncompetition Agreement (Heartland Payment Systems Inc), Employee Confidential Information and Noncompetition Agreement (Heartland Payment Systems Inc)

Non-Solicitation. Executive recognizes I agree that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while I am employed by the Company and/or and (a) in the Bank and event I terminate my employment by way of a Voluntary Termination (as defined below) or the Company terminates my employment for Due Cause (as defined below) (either event, a "Fault Event"), for a period of two (2) years immediately following any such termination of my employment with the Company, or (b) in the event of a termination or expiration of my employment with the Company for any other reason, for a period of one (1) year immediately following the Expiration Date termination or expiration of Executive’s my employment under this Agreement or earlier termination of such employmentwith the Company, Executive I shall not, not directly or indirectly, individually either on behalf of myself or together with any other personperson or entity, as owner(i) intentionally solicit, shareholderinduce, investorrecruit or encourage any employee of the Company or independent contractor of the Company who provides services to or on behalf of the Company to leave his, memberher or its employment or engagement with the Company, partneror attempt to solicit, proprietorrecruit, principalor take away any such employees or independent contractors (or induce or encourage any such employee or independent contractor to terminate its employment or engagement with the Company); provided that after termination or expiration of my employment, directorthis provision shall only apply to those employees or independent contractors of the Company who (A) are current employees or independent contracts of the Company and (B) were such at any time within 12 months prior to the date of such termination or expiration, officer, executive, manager, agent, representative(ii) intentionally interfere in any manner with the contractual or employment relationship between the Company and any employee, independent contractor, consultant Customer (as defined below) or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer supplier of the Company or the Bank during the one-year period prior cause any such employee, independent contractor, Customer or supplier to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customercease employment with, supplier, vendor or others who were cease doing business with or reduce the amount of business it does with the Company; provided that after termination or expiration of my employment, this provision shall apply only to the employees, independent contractors, Customers or suppliers of the Company who (A) are current employees, independent contractors, Customers or suppliers of the Bank during the one-year period Company and (B) were such at any time within 12 months prior to the Expiration Date such termination or Termination Date of Executive’s employmentexpiration, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induceafter termination or expiration of my employment, request hire or attempt to influence otherwise employ any officer employee of the Company or independent contractor of the Bank Company who provides services to terminate his or her employment with on behalf of the Company or the Bank; provided, however, that nothing in this Section who has provided services to or any other provision on behalf of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or at any time during the Bank shall have expired prior three month period, or Executive’s employment shall have been early terminated(iv) whether as a direct solicitor or provider of such services or products, and or in a management or supervisory capacity over others who solicit or provide such services or products, intentionally solicit or provide services or products that fall within one year the definition of Restricted Business to any Customer of the Company; provided that after the Expiration Date expiration or Termination Datetermination of my employment, Executive this provision shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective only apply to those customers of the Company who are current Customers and were Customers at any time within 12 months prior to the termination or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts expiration of my employment with the New EmployerCompany. "Customer" shall mean those persons or affiliates to which the Company has rendered services or provided products within the last three months that fall within the definition of Restricted Business (including, or (b) engaging in discussions or negotiations with any officers for the avoidance of doubt, commercial clients of the Company or that provide vehicles to the Bank referred to Company in subparagraph (iii) above regarding their accepting employment connection with the New Employer, if in services provided by the Company). The terms "Due Cause" and "Voluntary Termination" shall have the respective meanings signed to each such case such discussions term in the Executive Employment Agreement between me and negotiations are not the result, directly or indirectly, Company of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employereven date herewith.

Appears in 2 contracts

Sources: Executive Employment Agreement (Acamar Partners Acquisition Corp.), Executive Employment Agreement (Acamar Partners Acquisition Corp.)

Non-Solicitation. (a) For consideration provided under this Agreement, including, but not limited to the Company’s agreement to provide Executive recognizes that the business of with Confidential Information regarding the Company and the Bank is highly competitiveits respective businesses, and therefore acknowledges and Executive agrees that at all times while employed by the Company and/or the Bank or an Affiliate and for twelve (12) months following a period Separation from Service during the term of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive he shall not, without the prior written consent of the General Counsel of the Company, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) hire or induce, entice or solicit in (or attempt to induce, entice or solicit) any manner employee of the Company or seek any of its Affiliates or ventures to obtain leave the employment of the Company or any of its Affiliates or ventures or (ii) solicit or attempt to solicit the business of any person who is or was a customer or an active prospective customer acquisition prospect of the Company or any of its Affiliates or ventures with whom Executive had any actual contact or Confidential Information about while employed by the Bank during Company or an Affiliate. (b) The restrictions contained in Section 8(a) are limited to areas or territories within the one-year period prior United States or in any foreign country where the Company or an Affiliate engages (or has definite plans to engage) in operations or the Expiration Date marketing of its products or Termination Date services at the time of Executive’s employment; orSeparation from Service. (iic) request or advise any customerExecutive acknowledges that these restrictive covenants under this Agreement, supplier, vendor or others who were doing business with for which Executive received valuable consideration from the Company or the Bank during the one-year period prior as provided in this Agreement, including, but not limited to the Expiration Date or Termination Date of ExecutiveCompany’s employment, or any other person, agreement to terminate, reduce, limit or change their business or relationship provide Executive with Confidential Information regarding the Company or and its respective businesses, are ancillary to otherwise enforceable provisions of this Agreement, that the Bank; or (iii) induce, request or attempt consideration provided by the Company gives rise to influence any officer the interest of each of the Company or in restraining Executive from competing and that the Bank restrictive covenants are designed to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if enforce Executive’s Term of employment with the Company and/or the Bank shall have expired consideration or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Datereturn promises under this Agreement. Additionally, Executive shall have accepted employment with acknowledges that these restrictive covenants contain limitations as to time, geographical area and scope of activity to be restrained that are reasonable and do not impose a successor employer (“New Employer”), from (a) entering into discussions greater restraint than is necessary to protect the goodwill or negotiations with any customers or active prospective customers other legitimate business interests of the Company or Company, including, but not limited to, the Bank referred Company’s need to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerprotect its Confidential Information.

Appears in 2 contracts

Sources: Restructuring Transaction Retention Agreement (Babcock & Wilcox Enterprises, Inc.), Restructuring Transaction Retention Agreement (Babcock & Wilcox Co)

Non-Solicitation. Executive recognizes (a) Seller agrees that during a period of two (2) years from and after the business Closing Date, it will not, in any manner (whether on its own account, as an owner, operator, manager, consultant, officer, director, employee, investor, agent or otherwise), or permit its Affiliates in any manner, (i) recruit, solicit or otherwise attempt to employ any of the Business Employees, or induce or attempt to induce any Business Employee to leave employment with the Buyer or the Company; provided, that, this Section 7.6 shall not prohibit Seller or any of its Affiliates from soliciting or hiring any person who responds to a general advertisement or solicitation, including but not limited to advertisements or solicitations through newspapers, trade publications, periodicals, radio or internet database, or efforts by any recruiting or employment agencies, not specifically directed at Business Employees or (ii) intentionally interfere with the relationship between the Company and the Bank is highly competitiveany employee, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentcustomer, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, sales representative, independent contractorbroker, consultant supplier, licensee or otherwise: other business relation (i) solicit in or any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor licensee or others who were doing other business with relationship) of the Company (including by making any negative or disparaging statements or communications regarding Buyer or the Company or any of their respective operations, officers, directors or investors). (b) Seller agrees that its obligations under this Section 7.6 are special and unique and that any violation thereof would not be adequately compensated by money damages, and grants the Bank during Buyer the one-year period prior right to specifically enforce (including injunctive relief where appropriate) the Expiration Date terms of this Section 7.6. (c) Seller agrees that the covenants against competition contained in this Section are reasonable and fair in all respects, and are necessary to protect the interests of Buyer. However, in case any one or Termination Date more of Executive’s employmentthe provisions or parts of a provision contained in this Section shall, for any reason, be held to be invalid, illegal or unenforceable in any respect in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other person, to terminate, reduce, limit provision or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer part of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in a provision of this Section or any other jurisdiction, but this Section shall be reformed and construed in any such jurisdiction as if such invalid or illegal or unenforceable provision or part of a provision had never been contained herein and such provision or part shall be reformed so that it would be valid, legal and enforceable to the maximum extent permitted in such jurisdiction. Without limiting the foregoing, the Parties intend that the covenants and agreements contained in this Section shall be deemed to be a series of separate covenants and agreements. If, in any legal proceeding, a court or arbitrator shall refuse to enforce all the separate covenants and agreements deemed to be included in this Section, it is the intention of the Parties that the covenants and agreements which, if eliminated, would permit the remaining separate covenants and agreements to be enforced in such proceeding shall, for the purpose of such proceeding, be deemed eliminated from the provisions of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerSection.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Adams Resources & Energy, Inc.)

Non-Solicitation. Executive recognizes that (a) During the business period commencing on the date hereof and ending on the last day of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year twelfth (12th) full calendar month following the Expiration Date of Executive’s employment under this Agreement Employee's termination for any reason whatsoever including but not limited to involuntary termination (with or earlier termination of such employmentwithout Cause) and/or voluntary termination, Executive shall Employee hereby covenants that he will not, directly or indirectly, individually solicit, entice or together with induce any other person, Customer or Supplier (as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: defined below) of the Company to (i) solicit become a Customer or Supplier of any other person or entity engaged in any manner or seek to obtain the business of activity that competes with any person who is or was a customer or an active prospective customer of business conducted by the Company or the Bank at any time during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business Employee's employment with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany, or any other person, to terminate, reduce, limit or change their business or relationship with planned by the Company or at any time during the Bank; or (iii) induce, request or attempt to influence any officer period of the Company or the Bank to terminate his or her Employee's employment with the Company or (ii) cease doing business with the Bank; providedCompany, however, and Employee agrees that nothing he will not assist any person or entity in taking any action described in the foregoing clauses (i) and (ii). For purposes of this Section or any other provision 6, (A) a "Customer" of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or means any person, corporation, partnership, trust, division, business unit, department or agency which, at the Bank time of termination or within one year prior thereto, shall have expired be or Executive’s employment shall have been early terminateda customer, and within one year after the Expiration Date distributor or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers agent of the Company or shall be or shall have been contacted by the Bank referred Company for the purpose of soliciting it to become a customer, distributor or agent of the Company; and (B) a "Supplier" of the Company means any person, corporation, partnership, trust, division, business unit, department or agency which, at the time of termination or within one year prior thereto, shall be or shall have been a supplier, vendor, manufacturer or developer for any product or service or significant component used in subparagraph (i) above regarding their entering into business any product or customer relationships or opening accounts with service of the New Employer, or Company. (b) engaging in discussions or negotiations with any officers During the period commencing on the date hereof and ending on the last day of the Company twenty-fourth (24th) full calendar month following the Employee's termination for any reason whatsoever, including but not limited to involuntary termination (with or without Cause) and/or voluntary termination, the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultEmployee will not, directly or indirectly, induce other employees of solicitations, inducements, approaches, overtures the Company to terminate their employment with the Company or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of engage in any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCompeting Business.

Appears in 2 contracts

Sources: Executive Non Competition Agreement, Employee Confidential Information and Noncompetition Agreement (Heartland Payment Systems Inc)

Non-Solicitation. Executive recognizes that i. The Employee shall not, either during his employment with the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and Employer or for a period of one (1) year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notthereafter, directly or indirectly, individually initiate any contact with or together solicit any designated customers or clients of the Employer or any of its Subsidiaries or related corporations for the purpose of selling or providing to the designated customers or clients, any products or services which are the same as or substantially similar to, or in any way competitive with, the products or services provided by the Employer or any of its Subsidiaries or related corporations during the term of his employment with any other the Employer or at the end thereof, as the case may be. For the purpose of this section, a “designated customer or client” means a person, as ownercorporation, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person entity who is or was a customer or an active prospective client or was about to become a customer or client of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, Employer or any other personSubsidiary or related corporations and with whom the Employee had dealings during his employment by the Employer. ii. The Employee shall not, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate either during his or her employment with the Company Employer or the Bank; provided, however, that nothing in this Section or any other provision for a period of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one (1) year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultthereafter, directly or indirectly, employ or retain as an independent contractor any employee of solicitationsthe Employer or any of its Subsidiaries or related corporations or induce or solicit, inducementsor attempt to induce, approachesany such person to leave that person’s employment with the Employer. iii. The Employee represents and warrants that none of the negotiation, overtures entering into or performance of this Agreement has resulted in or may result in a breach by him of any agreement, duty or other expressions obligation with or to any other person, corporation, or entity, including, without limitation, any agreement, duty or obligation not to compete with any such person, corporation, or other entity or to keep any confidential information of interest initiated by Executive with any such person, corporation, or other entity or not to solicit or contact any customers or officers clients of such person, corporation, or other entity. The Employee further agrees to indemnify and hold harmless the Employer and any Subsidiaries or related corporations from and against any and all damages, expenses, losses, costs (including but rather not limited to legal fees and disbursements) which may be paid or are found to be payable by the result, directly or indirectly, Employer on account of any one breach of this provision by the Employee. iv. In the event of a breach or more threatened breach by the Employee of the provisions of Paragraphs 8.1, 8.2 and/or 8.3 of this Agreement, the Employer shall be entitled to an injunction restraining the Employee from further violation. Nothing herein shall be construed as prohibiting the Employer from pursuing any other remedies available to it for such actions taken by such customers breach or such officers with Executive in his capacity as an employee threatened breach, including recovery of New damages and reasonable legal expenses for the Employer.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement

Non-Solicitation. A. The Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges hereby covenants and agrees that at all times while employed by the Company and/or the Bank and for a period of one (1) year following from the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentTermination, Executive shall not, will not directly or indirectly, individually or together in any individual or representative capacity, request or solicit any of the Company’s Clients to withdraw, curtail, cancel, or decrease the level of their business with the Company or request that they do business with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant Competing Business. The Company’s Clients are any person or otherwise: entity: (i) solicit in for whom Executive, at any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank time during the one12-year month period prior to the Expiration Date or Termination Date of time the Executive’s employmentemployment with the Company terminates, provided Company’s Services and with whom Employee had material contact; or (ii) about whom Executive had Confidential Information; and/or (iii) with respect to whom Executive, at any time during the 12-month period prior to the time the Executive’s employment with the Company terminates, held supervisory, managerial, and/or oversight responsibilities for the provision of Company’s services. B. The Executive hereby covenants and agrees that for a period of one (1) year from the Date of Termination, Executive will not directly or indirectly, or in any individual or representative capacity, request or advise solicit any customerof the Company’s Prospective Clients (defined as any person or entity who both (i) has been directly solicited to become a customer of the Company, supplierand (ii) with whom Executive had material contact or about whom Executive has knowledge of such solicitation, vendor or others who were within the 12-month period prior to the time Executive’s employment with the Company terminates) to forgo doing business with the Company or request that such prospective customer or client do business with any Competing Business. C. The Executive hereby covenants and agrees that for a period of one (1) year from the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentTermination, Executive will not directly or indirectly hire or solicit for employment for any other business entity other than the Company (whether as an employee, consultant, independent contractor, or otherwise) any other personperson who is, to terminateor within the six (6)-month period preceding the date of such activity was, reducean employee, limit or change their business or relationship with the Company independent contractor or the Bank; or (iii) induce, request or attempt to influence any officer like of the Company or any of its subsidiaries, unless Company gives its written consent to such offer of employment. Nothing herein shall prevent Executive, directly, or indirectly through the Bank use of agents, employees or other representatives, from placing general advertisements in any widely-distributed media (such as newspapers, Internet postings, etc.) directed at the public at large (as opposed to directed specifically at the Company’s employees, contractors or the like that have the effect of inducing or influencing any of the Company’s employees, contractors, or the like to terminate his their employment or her employment business relationship with the Company or the Bank; provided, however, that nothing Company. D. The covenants set forth in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if 9 will survive the Executive’s Term termination of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerunder Section 7.

Appears in 2 contracts

Sources: Employment Agreement (Global Water Resources, Inc.), Employment Agreement (Global Water Resources, Inc.)

Non-Solicitation. Executive recognizes that Employee shall have access to and shall be directly or indirectly responsible for the business of Company's customer lists, pricing, policies, projections, product development, trade secrets and other privileged and confidential information essential to the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for Company's business. For a period of one year following the Expiration Date expiration of Executive’s employment under this Agreement the Term or earlier termination of such employmentthis Agreement, Executive the Employee shall notnot without express prior written approval of the Company's Board, directly or indirectlyindirectly (i)own or hold any proprietary interest in, individually or together be employed by or receive remuneration from, any corporation, partnership, sole proprietorship or other entity engaged in competition with the Company or any other personof its affiliates (a "Competitor"), as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (iii) solicit in any manner or seek to obtain for the business account of any person who is Competitor, any vendor, customer or client of the Company or its affiliates any entity or individual that was a customer or an active prospective customer client of the Company during 187756v1/1o497.0 -3- Company, which Employee may receive or to which he/she may become entitled. 401 -4- Company, which Employee may receive or to which he/she may become entitled. the Bank during 12-month period immediately preceding the one-year period prior Employee's termination of employment. The Employee also agrees not to act on behalf of any Competitor to interfere with the Expiration Date relationship between the Company or Termination Date its affiliates and their employees. For purposes of Executive’s employment; or the preceding paragraph, (i) the term "proprietary interest" means legal or equitable ownership, whether through stockholding or otherwise, of an equity interest in a business, firm or entity other than ownership of less than 5 percent of any class of equity interest in a publicly held business, firm or entity and (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior an entity shall be considered to the Expiration Date or Termination Date of Executive’s employmentbe "engaged in competition" if such entity is, or any other personis a holding company for, to terminatean entity engaged in the business of developing, reducemarketing, limit or change their business or relationship with the Company or the Bank; or (iii) inducelicensing and/or selling technology and/or products capable of screening and blocking outbound calls against state, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, in-house and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are third-party "do not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employercall" lists.

Appears in 2 contracts

Sources: Employment Agreement (Compliance Systems Corp), Employment Agreement (Compliance Systems Corp)

Non-Solicitation. (1) The Executive recognizes undertakes that during the Appointment and (subject to clause 8(2)) for a period of 12 months following the termination of the Appointment (the “Exclusion Period”) he shall not whether on his own account or otherwise and whether directly or indirectly: (a) solicit, interfere with, endeavour to entice away or induce to leave their employment any director or senior manager who is then or was at the date of termination of the Appointment an employee of or engaged by the Company or any other company within the Prudential Group and with whom the Executive had business dealings during the course of his employment in the 12 month period immediately prior to the termination of the Appointment. Nothing in this clause shall prohibit the seeking or doing of business not in direct or indirect competition with the business of the Company and or any company within the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentPrudential Group; or (iib) request solicit, interfere with or advise endeavour to or actually entice away from the Company or any customercompany within the Prudential Group business orders, supplieror custom for products or services similar to those being provided by the Company or any company within the Prudential Group from any person, vendor firm or others corporation who were was at the date of termination of the Appointment, or had been at any time within the year ending on that date, a customer or in the habit of doing business with the Company or any company in the Bank during Prudential Group and with whom the one-year period prior to Executive was directly concerned in the Expiration Date twelve months before the termination of the Appointment. Nothing in this clause shall prohibit the seeking or Termination Date doing of Executive’s employment, business not in direct or any other person, to terminate, reduce, limit or change their indirect competition with the business or relationship with of the Company or any company within the BankPrudential Group; or (iiic) inducecarry on, request set up, be employed, engaged or attempt interested in a business anywhere in the UK, Europe, US or Asia which is or is about to influence any officer be in competition with the business of the Company or any company within the Bank Prudential Group as at the date of termination with which the Executive was actively involved during the 12 month period immediately prior to terminate his termination of the Appointment, including (but not limited to) the businesses of the companies listed in Schedule 1 (or her employment with such other companies as may, from time to time, carry on such businesses). It is agreed that in the Company or the Bank; provided, however, event that nothing any such company ceases to be in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment competition with the Company and/or any company within the Bank Prudential Group, this clause 8(1)(c) shall, with effect from that date, cease to apply in respect of such company. The provisions of this clause 8(1)(c) shall have expired not, at any time following the termination of the Appointment, prevent the Executive from holding shares or Executive’s employment other capital not amounting to more than 3% of the total issued share capital of any company whether listed on a recognised stock exchange or not and, in addition, shall have been early terminated, and within one year after not prohibit the Expiration Date seeking or Termination Date, Executive shall have accepted employment doing of business not in direct or indirect competition with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers the business of the Company or any company within the Bank Prudential Group. (2) The period during which the restrictions referred to in subparagraph clause 8 shall apply following the termination of the Appointment shall be reduced by the period of notice actually served. The amount of time during which, if at all, the Company suspends the Employee under the provision of clause 3(3), shall also reduce the period during which the restrictions referred to in clause 8 shall apply. (i3) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or The Executive acknowledges and agrees that: (a) each of sub-clauses 8(1)(a) (b) engaging in discussions or negotiations with any officers and (c) hereof constitute an entirely separate and independent restriction on him; (b) the duration extent and application of each of the Company restrictions are no greater than is necessary for the reasonable protection of the proper interests of the Prudential Group; and (c) if any such restriction is found by any court of competent jurisdiction to be void or unenforceable as going beyond what is reasonable in the Bank referred to in subparagraph (iii) above regarding their accepting employment with circumstances for the New Employer, protection of the interests of the Prudential Group but would be valid if in each such case such discussions and negotiations are not part of the result, directly or indirectly, wording was deleted and/or the period thereof was reduced and/or the territory concerned was reduced the restriction shall apply within the jurisdiction of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive that court with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity modifications as an employee of New Employermay be necessary to make it valid and effective.

Appears in 2 contracts

Sources: Executive Director Contract of Employment (Prudential PLC), Executive Director Contract of Employment (Prudential PLC)

Non-Solicitation. Executive recognizes that the business of (a) While I am employed at the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier 24 months after termination of such employmentmy employment for any reason (whether voluntary or involuntary), Executive shall I will not, directly or indirectly, individually solicit, recruit or together with hire any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with work for a third party other than the Company or the Bank during the one-year period prior otherwise solicit, entice or induce any employee to the Expiration Date or Termination Date of Executive’s employment, or materially breach any other person, to terminate, reduce, limit or change their business or relationship with agreement between such employee and the Company or the Bank; orof which I have knowledge. (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of While I am employed by the Company and for a period of 24 months after termination of my employment for any reason (whether voluntary or involuntary) other than because of non-renewal of my employment agreement by the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New EmployerCompany, if in each such case such discussions and negotiations are not the resultI will not, directly or indirectly, solicit, entice or induce any Customer (as defined below) of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, Company to (i) become a Customer of any other person or entity engaged in any material respect in any business activity that competes with any material business activity conducted by the Company at any time during the period of my employment with the Company, or any business activity planned by the Company at any time during the period of my employment with the Company that the Company reasonably believes will be a material business activity in the future (other than such a planned activity that has been abandoned by the Company) or (ii) cease doing business with the Company, and I will not assist any person or entity in taking any action described in the foregoing clauses (i) and (ii). For purposes of this paragraph (c), a “Customer” of the Company means any person, corporation, partnership, trust, division, business unit, department or agency which, at the time of determination or within one year prior thereto, shall be or more such actions taken shall have been a material customer, distributor or agent of the Company or shall be or shall have been contacted by such customers the Company for the purpose of soliciting it to become a material customer, distributor or such officers with Executive in his capacity as an employee agent of New Employerthe Company.

Appears in 2 contracts

Sources: Confidentiality Agreement (S1 Corp /De/), Employment Agreement (S1 Corp /De/)

Non-Solicitation. (i) The Executive recognizes specifically acknowledges that the business Confidential Information described in this Section 12 includes confidential data pertaining to current and prospective customers of the Company Company, that such data is a valuable and unique asset of the Bank Company’s business and that the success or failure of the Company’s specialized business is highly competitivedependent in large part upon the Company’s ability to establish and maintain close and continuing personal contacts and working relationships with such customers, and therefore acknowledges and to develop proposals which are specifically designed to meet the requirements of such customers. Therefore, the Executive agrees that at all times while employed by during the Company and/or the Bank Term, and for a period of one (1) year following after the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentTermination, Executive shall he will not, except on behalf of the Company or with the Company’s express written consent, solicit, either directly or indirectly, individually on his own behalf or together with on behalf of any other personperson or entity, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant any customers or otherwise:targeted potential customers with whom he had contact before the Date of Termination to take any action which could reasonably be expected to adversely affect the Company. (iii) solicit The Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective employees and agents of the Company, and the Executive further agrees that during the Term, and for a period of one (1) year after the Date of Termination, the Executive will not directly or indirectly solicit, induce or attempt to induce, on his own behalf or on behalf of any manner other person or seek to obtain entity, the business services of any person who is or was a customer or an active prospective customer employee of the Company or solicit any of the Bank during the one-year period prior Company’s employees, consultants or agents to the Expiration Date terminate their employment or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business agency with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or take any other personactions which would otherwise cause the Company’s employees, consultants or agents to terminateviolate any Company policy, reduce, limit program or change their business or relationship with the Company or the Bank; orplan. (iii) induceThe Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective vendors and suppliers of the Company, request and the Executive agrees that during the Term, and for a period of one (1) year after the Date of Termination, the Executive will not directly or attempt to influence indirectly solicit, on his own behalf or on behalf of any officer other person or entity, any vendor or supplier of the Company for the purpose of terminating or changing (in an adverse manner) such vendor’s or supplier’s relationship or agency with the Bank Company. (iv) For purposes of this Section 12(a), references to terminate his or her employment with the Company mean the Company or the Bank; provided, however, that nothing in this Section any existing or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers future subsidiary of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with and any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, other entities that directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any through one or more such actions taken intermediaries, control, are controlled by such customers or such officers are under common control with Executive in his capacity as an employee of New Employerthe Company.

Appears in 2 contracts

Sources: Employment Agreement (Acxiom Corp), Employment Agreement (Acxiom Corp)

Non-Solicitation. During the Term and for the one-year period thereafter, the Executive recognizes that the business shall not, unless such solicitation is made on behalf of the Company and or one of its Subsidiaries or such solicitation is made with the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of ExecutiveCompany’s employment under this Agreement or earlier termination of such employment, Executive shall notprior written consent, directly or indirectly, individually (i) solicit or together encourage to leave the employment or other service of the Company, or any of its Subsidiaries, (except in connection with the termination of an employee in a manner consistent with Executive’s responsibilities as Executive Vice President of the Company and in compliance with the Company’s and its Subsidiaries’ policies) any managerial-level employee of, or independent contractor providing managerial-level services to, the Company or its Subsidiaries, where the independent contractor performs a substantial portion of his or her services for the Company, or (ii) solicit for employment (on behalf of the Executive or any other person or entity) any former managerial-level employee of or independent contractor providing managerial-level services to the Company, where the independent contractor in the last year of service to the Company has performed a substantial portion of his or her services for the Company, who has left the employment of or discontinued providing services to the Company or any of its Subsidiaries within the then prior one-year period. During the Term and for the one-year period thereafter, the Executive will not, whether for his own account or for the account of any other person, as ownerfirm, shareholdercorporation or other business organization, investorintentionally interfere with the Company’s or any of its Subsidiaries’ relationship with, memberor endeavor to entice away from the Company or any of its Subsidiaries, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who during the Term is or was a customer tenant, co-investor, co-developer, joint venturer or an active prospective other customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date any of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerits Subsidiaries.

Appears in 2 contracts

Sources: Employment Agreement (Wells Real Estate Investment Trust Inc), Employment Agreement (Wells Real Estate Investment Trust Inc)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for (a) For a period of one year following two (2) years commencing on the Expiration Initial Closing Date of Executive’s employment under this Agreement or earlier termination of such employment(the “Restricted Period”), Executive Company Parent shall not, and shall not permit any of its Affiliates to, directly or indirectly, individually or together with solicit any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company or the Bank during the one-year period prior encourage any such employee to the Expiration Date or Termination Date of Executive’s employmentleave such employment except pursuant to a general solicitation which is not directed specifically to any such employees; or (ii) request or advise any customerfor clarity, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section 5.7(a) shall prevent Company Parent or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of its Affiliates from hiring any employee whose employment with the Company and/or the Bank shall have expired or Executive’s employment shall have has been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of terminated by the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or Investor. (b) engaging in discussions or negotiations with From the Agreement Date and continuing during the Restricted Period, Investor and Investor Parent shall not, and shall not permit any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultAffiliates to, directly or indirectly, solicit any employee of solicitationsCompany Parent or its Affiliates (other than the Company) or encourage any such employee to leave such employment except pursuant to a general solicitation which is not directed specifically to any such employee employees; for clarity, inducementsnothing in this Section 5.7(b) shall prevent Investor or Investor Parent or any of their Affiliates from hiring any employee whose employment has been terminated by the Company Parent. (c) Company Parent acknowledges that a breach or threatened breach of Section 5.3, approachesSection 5.6 or this Section 5.7 may give rise to irreparable harm to Investor, overtures for which monetary damages may not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by Company Parent of any such obligations, Investor shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond). (d) Company Parent acknowledges that the restrictions contained in this Section 5.7 are reasonable and necessary to protect the legitimate interests of Investor and constitute a material inducement to Investor to enter into this Agreement and consummate the transactions contemplated by this Agreement. In the event that any covenant contained in this Section 5.7 should ever be adjudicated to exceed the time, geographic, product or service, or other expressions of interest initiated limitations permitted by Executive with applicable Law in any jurisdiction, then any court is expressly empowered to reform such customers covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or officers but rather service, or other limitations permitted by applicable Law. The covenants contained in this Section 5.7 and each provision hereof are the result, directly severable and distinct covenants and provisions. The invalidity or indirectly, unenforceability of any one such covenant or more provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such actions taken by invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such customers covenant or such officers with Executive provision in his capacity as an employee of New Employerany other jurisdiction.

Appears in 2 contracts

Sources: Investment Agreement (MedMen Enterprises, Inc.), Investment Agreement

Non-Solicitation. Executive recognizes Section 4.1 During the Term, Parent will not, without the prior written consent of Seller, and Parent will cause its controlled Affiliates (including, after the Closing, the Transferred Entities) not to: (a) encourage, induce, attempt to induce or solicit business from any customer or client of the Retained Business as of the Closing Date (collectively, the “Covered Customers”), in each case, for the purpose of interfering with the relationship between any such Covered Customer, on the one hand, and the Retained Business, on the other hand, by providing goods, products or services with respect to, or on behalf of, any business that competes with the Retained Business (it being understood that the placement of general advertisements that may be targeted to a particular geographic or technical area, but which are not targeted directly towards a Covered Customer, shall not be prohibited or restricted under, or deemed to be a breach of, this Section 4.1(a)); or (b) encourage, induce, attempt to induce or solicit any Covered Customer to cease doing business with the Retained Business or Seller or any of the Company and the Bank is highly competitiveits Affiliates. provided, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under that, except as expressly set forth in Section 4.1(a) or Section 4.1(b), nothing in this Agreement shall prohibit, restrict or earlier termination otherwise limit the ability of such employmentParent or any of its controlled Affiliates from doing business with any Covered Customer. Section 4.2 Notwithstanding anything to the contrary, Executive nothing in this Section 4 shall notprohibit or restrict Parent or any of its controlled Affiliates from, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in performing its obligations under the Purchase Agreement or any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or Ancillary Agreement, (ii) request or advise any customer, supplier, vendor or others who were doing business owning as a passive investment less than five percent (5%) of the outstanding shares of the capital stock of a publicly-traded company that competes with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentRetained Business, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request owning as a passive investment an equity interest in a private debt or attempt to influence any officer of the Company equity investment fund or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section vehicle (or any other provision of this Agreement shall preclude portfolio company (as such term is customarily understood in the private equity industry) or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, investment of any one such fund or more vehicle) in which neither Joby nor any of its Affiliates has the ability to control or materially influence investment decisions or exercise any managerial control over such actions taken by such customers fund, vehicle, portfolio company or such officers with Executive in his capacity as an employee of New Employerinvestment.

Appears in 2 contracts

Sources: Commercial Agreement (Strata Critical Medical, Inc.), Equity Purchase Agreement (Blade Air Mobility, Inc.)

Non-Solicitation. (a) During the Employment Period and for one year thereafter (the “Restricted Period”), Executive recognizes shall not directly or indirectly through another person or entity (i) induce, solicit, encourage or attempt to induce, solicit or encourage any employee of the Company to leave the employ of the Company, or in any way interfere with the relationship between the Company and any employee thereof; or (ii) use the Company’s confidential or proprietary information to induce, solicit, encourage or attempt to induce, solicit or encourage any customer, supplier, licensee, licensor, franchisee or other business relation of the Company to cease doing business with the Company, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation of the Company (including, without limitation, making any negative or disparaging statements or communications regarding the Company). The Company covenants that the business it will not, and it will advise members of senior management of the Company and the Bank is highly competitiveBoard not to, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of make any negative or disparaging statements or communications regarding Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise:. (ib) solicit in any manner If, at the time of enforcement of this Section 8, a court shall hold that the duration, scope or seek area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to obtain revise the business of any person who is or was a customer or an active prospective customer of restrictions contained herein to cover the Company or maximum period, scope and area permitted by law. Executive acknowledges that the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing restrictions contained in this Section or any other provision 8 are reasonable and that he has reviewed the provisions of this Agreement shall preclude with his legal counsel. (c) Executive acknowledges that in the event of the breach or prohibit Executivea threatened breach by Executive of any of the provisions of this Section 8, if Executive’s Term of employment with the Company would suffer irreparable harm, and, in addition and supplementary to other rights and remedies existing in its favor, the Company shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violations of the Bank shall have expired provisions hereof (without posting a bond or Executive’s employment shall have been early terminatedother security). In addition, and within one year after in the Expiration Date event of a breach or Termination Date, violation by Executive shall have accepted employment with a successor employer of Section 8 (“New Employer”a), from (a) entering into discussions or negotiations with any customers or active prospective customers the Restricted Period shall be automatically extended by the amount of time between the initial occurrence of the Company breach or the Bank referred to in subparagraph (i) above regarding their entering into business violation and when such breach or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerviolation has been duly cured.

Appears in 2 contracts

Sources: Employment Agreement (Rentech Inc /Co/), Employment Agreement (Rentech Inc /Co/)

Non-Solicitation. Executive recognizes that Non-Interference and Non-Competition. As a means to protect the Company’s legitimate business interests including protection of the “Confidential Information” (as defined in subparagraph 11(c)) of the Company (Executive hereby agreeing and acknowledging that the Bank is highly competitiveactivities prohibited by this Paragraph 11 would necessarily involve the use of Confidential Information), and therefore acknowledges and agrees that at all times while employed by during the Company and/or “Restricted Period” (as defined below), the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly directly, indirectly or indirectly, individually or together with as an agent on behalf of any other person, as ownerfirm, shareholderpartnership, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant corporation or otherwiseother entity: (i) solicit in for employment, consulting or any manner other provision of services or seek to obtain the business of hire any person who is a full-time or part-time employee of (or in the preceding six (6) months was employed by) the Company (or a customer Company Entity) or an active prospective customer individual performing, on average, twenty or more hours per week of personal services as an independent contractor to the Company (or a Company Entity), provided the Bank during the one-year period prior prohibition in this clause (i) shall not apply to the Expiration Date or Termination Date of Executive’s employmentExecutive Assistant. This includes, but is not limited to, inducing or attempting to induce, or influencing or attempting to influence, any such person to terminate his or her employment or performance of services with or for the Company (or a Company Entity); or (ii) request (x) solicit or advise encourage any person or entity who is or, within the prior six (6) months, was a customer, supplierproducer, vendor advertiser, distributor or others who were doing business with supplier of the Company (or the Bank a Company Entity) during the one-year period prior Term of Employment to the Expiration Date discontinue such person’s or Termination Date of Executiveentity’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company (or a Company Entity); or (y) discourage any prospective customer, producer, advertiser, distributor or supplier of the BankCompany (or a Company Entity) from becoming a customer, producer, advertiser, distributor or supplier of the Company (or a Company Entity), including, without limitation, making any negative statements or communications about the Company (or a Company Entity) or their respective shareholders, directors, officers, employees or agents; provided that the restrictions of this clause (ii) shall apply only to customers, producers, advertisers, distributors or suppliers of the Company with which the Executive had personal contact, or for whom the Executive had some responsibility in the performance of the Executive’s duties for the Company, during the Term of Employment; or (iii) inducehold any interest in (whether as owner, request investor, shareholder, lender or attempt to influence otherwise) or perform any officer services for (whether as employee, consultant, advisor, director or otherwise), including the service of providing advice for, a Competitive Business. For the Company or the Bank to terminate his or her employment purposes of this Agreement, a “Competitive Business” shall be any business that directly competes with the Company for viewers, advertisers, distributors, producers, actors or the Bank; providedlike in the production, howeverpost-production assembly, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executivedistribution/delivery by electronic means (including, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminatedbut not limited to, and within one year after the Expiration Date or Termination Datebroadcast, Executive shall have accepted employment with a successor employer (“New Employer”)cable, from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company satellite, or the Bank referred to in subparagraph (iinternet) above regarding their entering into business or customer relationships or opening accounts with the New Employerof video entertainment, or (by) engaging in discussions or negotiations with any officers the exploitation of the Company video entertainment through retail sales establishments, theatres or the Bank referred to in subparagraph internet. Notwithstanding the foregoing, if the Merger Agreement is terminated such that the Merger is not consummated, the parties agree and acknowledge that, from and after any such termination of such Merger Agreement, the foregoing provisions of this subclause (iii) above regarding their accepting employment with will not prohibit the New EmployerExecutive from working for or engaging in activities on behalf of a business primarily engaged in the production, if distribution and exploitation of video entertainment in each the form of motion pictures intended primarily for theatrical release or computer-based gaming, such case such discussions as Lions Gate Entertainment, Paramount Pictures and negotiations Electronic Arts (as those businesses are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employercurrently constituted and operated).

Appears in 1 contract

Sources: Employment Agreement (Discovery, Inc.)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for (a) For a period of one year following three (3) years commencing on the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentClosing Date, Executive Seller shall not, and shall not permit any of its Affiliates to, directly or indirectly, individually hire or together with solicit any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company or the Bank during the one-year period prior encourage any such employee to the Expiration Date leave such employment or Termination Date of Executive’s employment; or (ii) request or advise hire any customer, supplier, vendor or others such employee who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s has left such employment, or except pursuant to a general solicitation which is not directed specifically to any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Banksuch employees; provided, however, that nothing in this Section 6.21(a) shall prevent Seller or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of its Affiliates from hiring (i) any employee whose employment with has been terminated after the Closing by the Company and/or or Purchaser or (ii) after 180 days from the Bank date of termination of employment, any employee whose employment has been terminated by the employee. (b) For a period of five (5) years commencing on the Closing Date, Seller shall have expired or Executive’s employment shall have been early terminatednot, and within one year after the Expiration Date shall not permit any of its Affiliates to, directly or Termination Dateindirectly, Executive shall have accepted employment with a successor employer (“New Employer”)solicit, from (a) entering into discussions induce or negotiations with entice, or attempt to solicit, induce or entice, any customers clients or active prospective customers of the Company or any distributor, supplier, vendor, manufacturer, representative, agent, jobber, licensee or other Person transacting business with the Bank referred to Company in subparagraph (i) above regarding the Territory for purposes of diverting their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of services from the Company or the Bank referred to otherwise in subparagraph (iii) above regarding their accepting employment any way, interfering with the New Employerbusiness relationship between any of the foregoing and the Company. (c) Seller acknowledges that a breach or threatened breach of this Section 6.21 would give rise to irreparable harm to Purchaser, if for which monetary damages would not be an adequate remedy, and hereby agrees that in each the event of a breach or a threatened breach by Seller of any such case obligations, Purchaser shall, in addition to any and all other rights and remedies that may be available to it in respect of such discussions breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance and negotiations any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond). The time period during which the prohibitions set forth in this Section 6.21 shall be tolled and suspended for a period equal to the aggregate time during which Seller, or any of its Affiliates, violates such prohibitions in any respect. (d) Seller acknowledges that the restrictions contained in this Section 6.21 are not reasonable and necessary to protect the resultlegitimate interests of Purchaser and constitute a material inducement to Purchaser to enter into this Agreement and consummate the transactions contemplated by this Agreement. In the event that any covenant contained in this Section 6.21 should ever be adjudicated to exceed the time, directly geographic, product or indirectlyservice, of solicitations, inducements, approaches, overtures or other expressions of interest initiated limitations permitted by Executive with applicable Law in any jurisdiction, then any court is expressly empowered to reform such customers covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or officers but rather service, or other limitations permitted by applicable Law. The covenants contained in this Section 6.21 and each provision hereof are the result, directly severable and distinct covenants and provisions. The invalidity or indirectly, unenforceability of any one such covenant or more provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such actions taken by invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such customers covenant or such officers with Executive provision in his capacity as an employee of New Employerany other jurisdiction.

Appears in 1 contract

Sources: Stock Purchase Agreement (American Greetings Corp)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank During Executive’s employment and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment18 months thereafter, Executive shall not, agrees not to directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwiseindirectly engage in the following prohibited conduct: (ia) solicit in Solicit, offer products or services to, or accept orders for, any manner Competitive Products or seek to obtain the otherwise transact any competitive business on behalf of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; orCompetitor; (iib) request Attempt on behalf of any Competitor to entice or advise otherwise cause any customerthird party to withdraw, supplier, vendor curtail or others who were cease doing business with the Company (or any Affiliate thereof), specifically including customers, vendors, independent contractors and other third-party entities; (c) Except in the course of the Executive’s employment and for the benefit of the Company to the extent such information is not publicly known, disclose to any person or entity the identities, contacts or preferences of any customers of the Company (or any Affiliate thereof), or the Bank during identity of any other persons or entities having business dealings with the one-year period prior Company (or any Affiliate thereof); (d) Induce any individual who has been employed by or had provided services to the Expiration Date Company (or Termination Date any Affiliate thereof) within the six (6) month period immediately preceding the effective date of Executive’s employment, or any other person, separation to terminate, reduce, limit or change their business or terminate such relationship with the Company (or any Affiliate thereof); (e) Assist, coordinate or otherwise offer employment to, accept employment inquiries from, or employ any individual who is or had been employed by the BankCompany (or any Affiliate thereof) at any time within the six (6) month period immediately preceding such offer, or inquiry, provided that the provisions of this Section (e) shall not apply to generalized solicitations not targeted specifically at Company employees; (f) Communicate or indicate in any way to any customer of the Company (or any Affiliate thereof), prior to formal separation from the Company, any interest, desire, plan, or decision to separate from the Company; other than by way of long term retirement plans; or (iiig) induceOtherwise attempt on behalf of any Competitor to directly or indirectly interfere with the Company’s business, request or attempt to influence the business of any officer of the Company Companies or the Bank to terminate his their relationship with their employees, consultants, independent contractors or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employercustomers.

Appears in 1 contract

Sources: Employment Agreement (Hill-Rom Holdings, Inc.)

Non-Solicitation. Executive recognizes that (a) OPA shall cause each person providing Management Services, including, without limitation, ▇▇▇▇▇ and Chuk, to agree in writing for the business benefit of the Company and that, during the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank Term and for a period of one year following thereafter (the Expiration Date of Executive’s employment under this Agreement “Restricted Period”), he or earlier termination of such employment, Executive she shall not, not directly or indirectly, individually indirectly through another person or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: entity (i) induce, solicit, encourage or attempt to induce, solicit in or encourage any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company (excluding ▇▇▇▇▇, ▇▇▇▇ and any employee of OPA, each of whom, for the avoidance of doubt, is not an employee of the Company) to leave the employ of the Company, or in any way interfere with the Bank during relationship between the one-year period prior to the Expiration Date Company and any employee thereof; or Termination Date of Executive’s employment; or (ii) request induce, solicit, encourage or advise attempt to induce, solicit or encourage any customer, supplier, vendor licensee, licensor, franchisee or others who were other business relation of the Company to cease doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany, or in any other personway interfere with the relationship between any such customer, to terminatesupplier, reducelicensee or business relation of the Company (including, limit without limitation, making any negative or change their business disparaging statements or relationship with communications regarding the Company). OPA covenants that it will not, and it will advise members of senior management of OPA not to, make any negative or disparaging statements or communications regarding the Company or the Bank; orits employees or directors. (iiib) During the Restricted Period, the Company shall not directly or indirectly through another person or entity (i) induce, request solicit, encourage or attempt to influence induce, solicit or encourage any officer employee of OPA (including, without limitation, ▇▇▇▇▇ and Chuk) to leave the employ of OPA, or in any way interfere with the relationship between OPA and any employee thereof; or (ii) induce, solicit, encourage or attempt to induce, solicit or encourage any customer, supplier, licensee, licensor, franchisee or other business relation of OPA to cease doing business with OPA, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation of OPA (including, without limitation, making any negative or disparaging statements or communications regarding OPA). The Company covenants that it will not, and it will advise members of senior management of the Company and its board of directors not to, make any negative or disparaging statements or communications regarding OPA or any person performing Management Services, including, without limitation, ▇▇▇▇▇ and Chuk. (c) If, at the Bank time of enforcement of this Section 12, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to terminate his or her employment with revise the Company or restrictions contained herein to cover the Bank; providedmaximum period, however, scope and area permitted by law. Each party acknowledges that nothing the restrictions contained in this Section or any other provision 12 are reasonable and that it has reviewed the provisions of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with its legal counsel. (d) Each party acknowledges that in the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers event of the Company breach or a threatened breach by the Bank referred to in subparagraph (i) above regarding their entering into business other party or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers person performing Management Services of any of the Company or provisions of this Section 12, the Bank referred other party would suffer irreparable harm, and, in addition and supplementary to other rights and remedies existing in subparagraph (iii) above regarding their accepting employment with its favor, the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures non-breaching party shall be entitled to specific performance and/or injunctive or other expressions equitable relief from a court of interest initiated competent jurisdiction in order to enforce or prevent any violations of the provisions hereof (without posting a bond or other security). In addition, in the event of a breach or violation by Executive with the Company, OPA or any person of this Section 12, the Restricted Period shall be automatically extended by the amount of time between the initial occurrence of the breach or violation and when such customers breach or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerviolation has been duly cured.

Appears in 1 contract

Sources: Services Agreement (Diametrics Medical Inc)

Non-Solicitation. In further consideration of the compensation to be paid to Executive recognizes hereunder, Executive acknowledges that in the business course of his employment with the Company he will become familiar with the Company's trade secrets and with other confidential information concerning the Company and that his services will be of special, unique and extraordinary value to the Bank is highly competitiveCompany. Therefore, and therefore acknowledges and Executive agrees that at all times while employed by that: ​ (1) during the Company and/or the Bank Employment Period and for a period of one year following thereafter (the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment"Noncompete Period"), Executive shall not, directly or indirectly, individually own any interest in, manage, control, participate in, consult with, render services for, or together with in any other personmanner engage in any enterprise in the business of “the content repurposing, article and copyrighted content, reprinting market”, in each case within any county of any state in the United States or other geographical area of any foreign country in which the Company or any of its subsidiaries or affiliates engage (or have plans to engage in such businesses as ownerof the date of termination) during the Noncompete Period. Nothing herein shall prohibit Executive from being a passive owner of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, shareholderso long as Executive has no active participation in the business of such corporation; (2) during the Noncompete Period, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant Executive shall not directly or otherwise: indirectly through another person or entity (i) solicit induce or attempt to induce any employee of the Company to leave the employ of the Company, or in any manner or seek to obtain way interfere with the business of relationship between the Company and any employee thereof, (ii) hire any person who is or was a customer or an active prospective customer employee of the Company or the Bank at any time during the one-year period prior to the Expiration Date or Termination Date term of Executive’s 's employment; or , and/or (iiiii) request induce or advise attempt to induce any customer, supplier, vendor licensee, licensor, franchisee or others who were other business relation of the Company to cease doing business with the Company, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company (including, without limitation, making any negative or disparaging statements or communications regarding the Bank during Company); (3) if, at the one-year period prior time of enforcement of this Section 7, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive acknowledges that the restrictions contained in this Section 7 are reasonable and that he has reviewed the provisions of this Agreement with his legal counsel; (4) in the event of the breach or a threatened breach by Executive of any of the provisions of this Section 7, the Company, in addition and supplementary to other rights and remedies existing in its favor, shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violation of the provisions hereof (without posting a bond or other security). In addition, in the event of an alleged breach or violation by Executive of this Section 7, the Noncompete Period shall be tolled until such breach or violation has been duly cured; and (5) the provisions of this Section 7 are in consideration of: (i) employment with the Company, (ii) the agreement to purchase Executive's ownership interest in certain assets pursuant to the Expiration Date or Termination Date of Executive’s employmentOctober 31, or any other person2012 Asset Purchase Agreement, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or and (iii) induceadditional good and valuable consideration as set forth in this Agreement. In addition, request Executive agrees and acknowledges that the restrictions contained in this Section 7 and in the Proprietary Information and Inventions Agreement do not preclude Executive from earning a livelihood, nor do they unreasonably impose limitations on Executive's ability to earn a living. In addition, Executive agrees and acknowledges that the potential harm to the Company and/or its affiliates of the non-enforcement of this Section 7 and/or the Proprietary Information and Inventions Agreement outweighs any potential harm to Executive of its enforcement by injunction or attempt otherwise. In addition, Executive acknowledges that he has carefully read this Agreement and has given careful consideration to influence any officer the restraints imposed upon Executive by this Agreement and is in full accord as to their necessity for the reasonable and proper protection of confidential and proprietary information of the Company now existing or to be developed in the Bank to terminate his or her employment with the Company or the Bank; provided, however, future. Executive expressly acknowledges and agrees that nothing in this Section or any other provision of each and every restraint imposed by this Agreement shall preclude or prohibit Executiveis reasonable with respect to subject matter, if Executive’s Term time period and geographical area. (6) This section 7(b) does not attempt to restrict post-employment opportunities of employment with Executive that would otherwise violate the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers provisions of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCalifornia Business & Professions Code Section 16600.

Appears in 1 contract

Sources: Executive Employment Agreement (Research Solutions, Inc.)

Non-Solicitation. By executing this Agreement, Executive recognizes acknowledges that he understands that the business of Company's ability to operate its businesses depends upon its ability to attract and retain skilled people and that the Company has and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for will continue to invest substantial resources in training such employees. For a period of one year twelve (12) months following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentTermination Date, Executive shall not, not directly or indirectly, individually or together with on behalf of other persons or entities, solicit or induce or attempt to solicit or induce or hire any other personperson engaged or employed (whether part-time or full-time) by the Company, including as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, an independent contractor, adviser or consultant to leave the employ of, or cease providing services to, the Company, as the case may be, or in any other manner seek to engage or employ any such person (whether or not for compensation) as an officer, employee, consultant, adviser, independent contractor or otherwise: (i) solicit in any manner or seek , such that such person would thereafter be unable to obtain devote the same business time, attention, energies, abilities and efforts to the business then conducted by the Company, as the case may be, as was theretofore devoted. In the event that Executive breaches or threatens to breach any of the covenants contained herein, the Company shall be entitled to seek a temporary or permanent injunction against Executive prohibiting any further violation of any person who is such covenants, it being acknowledged and agreed that any such breach of the covenants will cause irreparable harm to the Company and that the remedy at law for any breach or was a customer threatened breach of such covenants would be inadequate to protect the interests of the Company. The injunctive or an active prospective customer equitable relief provided herein shall be in addition to any award of damages, compensatory, punitive, exemplary or otherwise, to which the Company may be entitled and shall not be construed to limit the right of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each collect such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerdamages.

Appears in 1 contract

Sources: Separation Agreement (Criimi Mae Inc)

Non-Solicitation. Executive recognizes that During the business of time in which Employee performs services for the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following twenty-four (24) months after the Expiration Date Employee ceases to perform services for the Company, regardless of Executive’s employment under this Agreement or earlier termination of such employmentthe reason, Executive Employee shall not, directly or indirectly, individually either alone or together in conjunction with any other person, as ownerfirm, shareholderassociation, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant company or otherwisecorporation: (ia) Hire, recruit, solicit in or otherwise attempt to employ or retain or enter into any manner or seek to obtain the business of relationship with, any person who is or was an employee of the Company within the twelve (12) month period immediately preceding the cessation of Employee’s service with the Company; or (b) Solicit the sale of any products or services that are similar to or competitive with products or services offered by, manufactured by, designed by, or distributed by the Company, to any person, company or entity which was a customer or an active prospective potential customer of the Company for such products or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; orservices. (iic) request For the avoidance of doubt, the Employee shall not be considered to have solicited away any business or advise any customer, supplier, vendor or others who were doing business with customer of the Company if that business or customer contacts the Bank during Employee without any solicitation by the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, Employee or any other personperson who is acting in concert with, or at the direction of, the Employee. Further, for the avoidance of doubt, the Employee shall not be considered to terminatehave solicited, reduce, limit diverted or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence taken away any officer employee of the Company or if that employee contacts the Bank to terminate his or her employment with Employee without any solicitation by the Company or the Bank; provided, however, that nothing in this Section Employee or any other provision of this Agreement person who is acting in concert with, or at the direction of, the Employee, it being the parties’ intention that the Employee will not be prohibited from accepting solicitations from any employee when neither the Employee nor any other person acting in concert with, or at the direction of, the Employee contacted or otherwise solicited the employee, provided that the foregoing shall preclude or prohibit Executive, if Executive’s Term of employment with in no way limit the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers application of the Company or the Bank referred to in subparagraph (irestriction on hiring employees contemplated by Section 2(a) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerhereof.

Appears in 1 contract

Sources: Offer Letter (Accretive Health, Inc.)

Non-Solicitation. The Executive recognizes acknowledges that but for the business of Executive’s employment with the Company, the Executive would not have had access to, or possess information regarding the Company’s customers, suppliers, consultants, vendors or leads for and Potential Customers (defined to mean those with which the Company and the Bank is highly competitivehas expended dedicated resources to secure), and therefore acknowledges and suppliers, vendors or employees. The Executive agrees that at all times while employed by during the Company and/or the Bank Employment Term and for a period of one year following twenty-four (24) months after the Expiration Date cessation of the Executive’s employment under this Agreement or earlier termination of such employmentfor any reason (the “Restricted Period”), the Executive shall not, directly or indirectly, individually solicit on the Executive’s behalf or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business on behalf of any person who is or was a customer or an active prospective customer of the Company Company’s competitors or potential competitors, or directly or indirectly, assist any of the Bank during Company’s competitors or potential competitors in soliciting: (a) any current customer as of the one-year period prior to the Expiration Date or Termination Date date of termination of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business employment with the Company Company, with which the Executive had contact or the Bank access to Confidential Information about during the one-year period prior to final twelve months of the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship employment with the Company Company; (b) any lead or the Bank; or (iii) induce, request or attempt to influence any officer Potential Customer as of the Company or date of termination of the Bank to terminate his or her Executive’s employment with the Company about which the Executive learned or contacted or to which the BankExecutive was given access during the last year of the Executive’s employment with the Company; provided(c) any employees or contractors of the Company to leave the employ or in any other way modify or alter their respective employment or business relationship with the Company; or (d) any vendors or suppliers with whom the Company conducts business or planned to conduct business during the final twelve months of the Executive’s employment with the Company. The Executive further shall not induce or attempt to induce any customer or Potential Customer, howeversupplier, that nothing consultant, vendor, or other person or entity with whom the Company has done business or sought to do business within the last twelve (12) months to cease, limit, or reduce business with the Company, or in any way interfere with the existing or prospective business relationship between any such person or entity and the Company. The prohibition in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if not restrict the Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment ability to communicate with a successor employer (“New Employer”), from (a) entering into discussions customer or negotiations with any customers or active prospective customers a Potential Customer of the Company or the Bank referred wholly unrelated to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts and not competitive with the New Employer, or (b) engaging in discussions or negotiations with any officers nature of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New EmployerCompany’s business, if in each such case such discussions Confidential Information and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerTrade Secrets.

Appears in 1 contract

Sources: Executive Employment Agreement (Bright Mountain Media, Inc.)

Non-Solicitation. Executive recognizes that (a) As a means reasonably designed to protect the business confidential and proprietary information of the Company and Company, during the Bank is highly competitiveperiod from the date hereof through the second anniversary of the Effective Date (the “Restricted Period”), and therefore acknowledges and C▇▇▇ agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall he will not, directly or indirectly, individually either for himself or together with for any other person, firm, corporation, partnership, limited liability company, group, association or other entity, call upon, solicit, divert, take away or accept, or attempt to call upon, solicit, divert, take away or accept, business of a type the same or similar to the business as ownerconducted by the Company as of the date hereof or as proposed as of the date hereof to be conducted by the Company from any of the customers, shareholdersales representatives and personnel, investorlicensors, membermanufacturers or other vendors of the Company or similar entities or persons upon whom C▇▇▇ called or whom he solicited or to whom he catered or with whom he became acquainted after entering the employ of the Company; provided, partnerthat the foregoing shall not restrict C▇▇▇ from doing business with a customer, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant manufacturer or otherwise: other vendor of the Company if both (i) solicit in such business does not interfere with the business done between the Company and such customer, manufacturer or other vendor and (ii) the business done by C▇▇▇ with such customer, manufacturer or other vendor does not involve divulging or using any manner confidential information of the Company relating to pricing, product specifications or other terms of business between the Company and its customers, manufacturers and other vendors. (b) C▇▇▇ agrees and acknowledges that he has gained and during the Restricted Period will likely continue to gain, valuable information about the identity, qualifications and on-going performance of the employees of the Company. Consequently, as a further means reasonably designed to protect the confidential and proprietary information of the Company, during the Restricted Period, C▇▇▇ shall not directly or indirectly (i) hire, employ, offer employment to, or seek to obtain the business of hire, employ or offer employment to, any person who is then, or was a customer or within the prior three (3) months had been, an active prospective customer employee of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or Company, (ii) request solicit or advise encourage any customer, supplier, vendor or others person who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentis then, or within the prior three (3) months had been, an employee of the Company, to seek or accept employment with any other person, to terminate, reduce, limit person or change their business entity or relationship with the Company or the Bank; or (iii) inducedisclose any information, request or attempt except as required by law, about such employee to influence any officer prospective employer. C▇▇▇ acknowledges that even an unsuccessful solicitation of the Company or Company’s employees may negatively impact the Bank to terminate his or her employment with the Company or the Bank; providedmorale, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, commitment and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers performance of the Company or the Bank referred to employee in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with question and that any officers successful solicitation of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employermay cause substantial financial loss for which C▇▇▇ will be responsible.

Appears in 1 contract

Sources: Mutual Release Agreement (Channell Commercial Corp)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges The EMPLOYEE hereby covenants and agrees that at all times while employed by during the Company and/or entire period of Employment of the Bank EMPLOYEE with the COMPANY and for a period of one year following 2(two) years after the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentthe Employment (regardless of reason of termination) thereof, Executive shall not, directly or indirectly, individually on his/her own behalf or together on behalf of or in conjunction with any person or legal entity: solicit, canvass, entice away, induce or retain (or endeavor to solicit, canvass, entice away, induce or retain) in any capacity and in any manner any of the current or past employees of the COMPANY AND ITS AFFILATESto the detriment of the COMPANY AND ITS AFFILATES or induce or attempt to induce any such persons to leave services of the COMPANYAND ITS AFFILATES, whether or not such person would commit a breach of contract by reason of leaving service; or solicit, canvass or entice away (or endeavor to solicit, canvass or entice away) any clients, customers, suppliers, vendors, agents, contact of the COMPANY AND ITS AFFILATES, existing or past, for his/her benefit or for the benefit of any person other than the COMPANYAND ITS AFFILATES or to terminate, cease dealing or otherwise adversely modify their relationship or contract with the COMPANY AND ITS AFFILATES, in any way, or knowingly encourage or influence any existing clients, customers, suppliers, vendors, agents, contact of the COMPANY AND ITS AFFILATES, to do the business with any other person; or act as an advisor, as ownerconsultant, shareholdertrustee or agent for any third person or promote, investorstart, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit engage in any manner business that directly or seek indirectly relates to obtain the any Competing Product or development which competes with any business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customerCOMPANY AND ITS AFFILATES. call upon, suppliersell, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentdeliver to, or any other person, to terminate, reduce, limit or change their accept business or relationship with the Company orders from any past, present or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company COMPANY AND ITS AFFILATES. The EMPLOYEE shall not request any customers of any business which is being conducted or contemplated by the Bank referred COMPANY AND ITS AFFILATES to in subparagraph (i) above regarding curtail or cancel their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCOMPANY.

Appears in 1 contract

Sources: Employment Agreement

Non-Solicitation. Executive recognizes that the business Each of Overland and ADCT undertakes and covenants to the Company and the Bank is highly competitive, and therefore acknowledges and agrees other Investor that at all times while employed by commencing from the Company and/or the Bank date of this Agreement and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentso long as it owns any Securities and for two (2) years thereafter, Executive it shall not, directly or indirectlyand shall cause (x) in the case of Overland, individually or together with any other personeach of the Overland Restricted Persons, as ownerand (y) in the case of ADCT, shareholdereach of the Affiliates Controlled by ADCT, investornot to, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain without the business of any person who is or was a customer or an active prospective customer prior written consent of the Company or the Bank during the one-year period prior applicable other Investor, either on their own account or through any of their respective Affiliates or other Persons, or in conjunction with or on behalf of any other Person: (1) solicit away or entice away or attempt to the Expiration Date solicit away or Termination Date of Executive’s employment; or (ii) request entice away from any Group Company, any Person, firm, company or advise any organization who is a customer, supplierclient, vendor employee, representative, agent or others who were doing business correspondent of such Group Company or in the habit of dealing with the such Group Company; or (2) solicit away or entice away or attempt to solicit away or entice away from any Group Company or the Bank during the one-year period prior to the Expiration Date other Investor, any Person who is a director, officer, manager, consultant or Termination Date employee of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the such Group Company or the Bankother Investor whether or not such Person would commit a breach of contract by reason of leaving such employment or engagement; or it being understood, for the avoidance of doubt, that the restrictions in the foregoing clause (iii2) induceshall not apply to the placement of general advertisements or for the use of general search firm services with respect to a particular geographic or technical area, request but which are not targeted directly towards employees or attempt to influence any officer service providers of the Company Group Companies, Overland or ADCT. Each of Overland and ADCT shall not, and shall cause (w) in the Bank case of Overland, each of the Overland Restricted Persons, and (x) in the case of ADCT, each of the Affiliates Controlled by ADCT, not to, avoid or seek to terminate his avoid the observance or her employment with performance of any of the Company or terms to be performed hereunder, and each shall, and shall cause (y) in the Bank; providedcase of Overland, howevereach of the Overland Restricted Persons, and (z) in the case of ADCT, each of the Affiliates Controlled by ADCT, to, at all times in good faith take action as appropriate in the carrying out of all of the provisions of this Section 8.7. Overland and ADCT each expressly agrees that nothing the limitations set forth in this Section or section are reasonably tailored and reasonably necessary in light of the circumstances. Furthermore, if any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated section is more restrictive than permitted by Executive with such customers or officers but rather are the result, directly or indirectly, applicable Laws of any one or more such actions taken by such customers or such officers with Executive jurisdiction in his capacity as an employee of New Employer.which

Appears in 1 contract

Sources: Shareholders Agreement (ADC Therapeutics SA)

Non-Solicitation. Executive recognizes Employee agrees and reaffirms that the business of this Agreement does not, supersede, revoke, or cancel Employee’s obligations to the Company under any preexisting agreements, including but not limited to the ECIA, or any other applicable employment agreement containing intellectual property assignment, confidentiality, non-competition and/or non- solicitation provisions; that such agreements shall survive Employee’s Actual Separation Date; and Employee shall not breach such obligations. Without limiting the Bank is highly competitiveforegoing, and therefore acknowledges and Employee agrees that at all times while employed by up until the Company and/or the Bank Actual Separation Date and continuing for a period of one year (12 months) following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentActual Separation Date, Executive shall Employee will not, without the prior written approval from ▇▇▇▇▇▇ ▇▇▇▇ (Vice President Total Rewards and Talent Management), directly or indirectly, individually indirectly (a) encourage or together with attempt to encourage (or assist another in encouraging or attempting to encourage) any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customerits affiliates’ employees, suppliercontractors, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentconsultants, suppliers, or any other person, vendors to terminate, reduce, limit or change terminate their business or relationship with the Company or its affiliates; or (b) solicit or contact for employment, engagement, or hire (or assist another in those activities) any of the Bank; or Company’s employees or exclusive contractors. This paragraph shall not prohibit (iiix) inducegeneral advertisements not focused specifically on the employees, request contractors, consultants, suppliers, or attempt to influence any officer vendors of the Company or its affiliates or (y) Employee from providing a personal reference at the Bank request of an employee or consultant for potential employment or service at an entity that Employee is in no way affiliated with. 11. Agreement Not to terminate his or her employment with Cooperate Against the Company or Any of the Bank; providedReleasees. Except to the extent prohibited by law, however, Employee agrees that nothing Employee will not voluntarily cooperate in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of litigation against the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company Releasees, arising out of or the Bank referred relating to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employer.Employee’s DocuSign Envelope ID: FEB65331-A9B3-4DFD-B86F-83F58C99D78B

Appears in 1 contract

Sources: Separation Agreement (Baker Hughes Co)

Non-Solicitation. Executive recognizes that (a) During the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentRestricted Period (as defined below), Executive shall not, whether on Executive’s own behalf or on behalf of or in conjunction with any Person, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise:; (i) solicit in or explicitly encourage any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company or its affiliates to leave the Bank during employment of the one-Company or its affiliates; (ii) hire any such employee who was employed by the Company or its affiliates as of the Date of Termination or who left the employment of the Company or its affiliates coincident with, or within one (1) year period prior to or after, the Expiration Date or Termination Date of Executive’s employmentTermination; (iii) solicit or explicitly encourage any person that serves as a contractor or consultant of the Company or its affiliates to discontinue providing services to the Company or any affiliate of the Company; (iv) call on, solicit or service any customer or client of the Company or its affiliates with the intent of selling or attempting to sell any service or product the same or substantially similar to the services or products sold by the Company or its affiliates; or (iiv) request in any way materially interfere with the relationship between the Company or advise its affiliates and any customer, supplier, vendor licensee or others who were doing other business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, relation (or any prospective customer, supplier, licensee or other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iiirelationship) induce, request or attempt to influence any officer of the Company or any of its affiliates (including, without limitation, by making any negative or disparaging statements or communications regarding the Bank to terminate his Company, any of its affiliates or her employment with any of their operations, officers, directors or investors). (b) It is expressly understood and agreed that although Executive and the Company or consider the Bank; provided, however, that nothing restrictions contained in this Section to be reasonable, if a final judicial determination is made by an arbitrator or court of competent jurisdiction that the time or territory or any other provision restriction contained in this Agreement is an unenforceable restriction against Executive, the provisions of this Agreement shall preclude not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or prohibit Executiveindicate to be enforceable. Alternatively, if Executive’s Term any court of employment with the Company and/or the Bank shall have expired competent jurisdiction or Executive’s employment shall have been early terminatedarbitrator finds that any restriction contained in this Agreement is unenforceable, and within one year after such restriction cannot be amended so as to make it enforceable, such finding shall not affect the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with enforceability of any customers or active prospective customers of the Company or other restrictions contained herein. (c) For purposes of this Agreement, “Restricted Period” shall mean the Bank referred to in subparagraph period which commenced on the Closing, January 23, 2017 and ending twelve (i12) above regarding their entering into business or customer relationships or opening accounts with months following the New Employer, or (b) engaging in discussions or negotiations with any officers Date of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerTermination.

Appears in 1 contract

Sources: Severance Agreement (GlassBridge Enterprises, Inc.)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for (a) For a period of one year following [***] years commencing on the Expiration Initial Closing Date of Executive’s employment under this Agreement or earlier termination of such employment(the “Restricted Period”), Executive Company Parent shall not, and shall not permit any of its Affiliates to, directly or indirectly, individually or together with solicit any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer employee of the Company or the Bank during the one-year period prior encourage any such employee to the Expiration Date or Termination Date of Executive’s employmentleave such employment except pursuant to a general solicitation which is not directed specifically to any such employees; or (ii) request or advise any customerfor clarity, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section 5.7(a) shall prevent Company Parent or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of its Affiliates from hiring any employee whose employment with the Company and/or the Bank shall have expired or Executive’s employment shall have has been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of terminated by the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or Investor. (b) engaging in discussions or negotiations with From the Agreement Date and continuing during the Restricted Period, Investor and Investor Parent shall not, and shall not permit any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultAffiliates to, directly or indirectly, solicit any employee of solicitationsCompany Parent or its Affiliates (other than the Company) or encourage any such employee to leave such employment except pursuant to a general solicitation which is not directed specifically to any such employee employees; for clarity, inducementsnothing in this Section 5.7(b) shall prevent Investor or Investor Parent or any of their Affiliates from hiring any employee whose employment has been terminated by the Company Parent. (c) Company Parent acknowledges that a breach or threatened breach of Section 5.3, approachesSection 5.6 or this Section 5.7 may give rise to irreparable harm to Investor, overtures for which monetary damages may not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by Company Parent of any such obligations, Investor shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond). (d) Company Parent acknowledges that the restrictions contained in this Section 5.7 are reasonable and necessary to protect the legitimate interests of Investor and constitute a material inducement to Investor to enter into this Agreement and consummate the transactions contemplated by this Agreement. In the event that any covenant contained in this Section 5.7 should ever be adjudicated to exceed the time, geographic, product or service, or other expressions of interest initiated limitations permitted by Executive with applicable Law in any jurisdiction, then any court is expressly empowered to reform such customers covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or officers but rather service, or other limitations permitted by applicable Law. The covenants contained in this Section 5.7 and each provision hereof are the result, directly severable and distinct covenants and provisions. The invalidity or indirectly, unenforceability of any one such covenant or more provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such actions taken by invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such customers covenant or such officers with Executive provision in his capacity as an employee of New Employerany other jurisdiction.

Appears in 1 contract

Sources: Investment Agreement (Ascend Wellness Holdings, LLC)

Non-Solicitation. Executive recognizes that The Company has invested substantial time, money and resources in the development and retention of its inventions, confidential information (including trade secrets), customers, accounts and business partners, and during and prior to the course of the Company Executive's employment with the Company, the Executive has had and will have access to the Bank is highly competitiveCompany's inventions, confidential information (including, but not limited to, employee compensation data, cost and pricing data and other trade secrets) and contractual relationships, and therefore acknowledges will be introduced to existing and agrees that at prospective customers, vendors, accounts and business partners of the Company. Any and all times while employed by "goodwill" associated with any existing or prospective customer, vendor, account or business partner belongs exclusively to the Company, including, but not limited to, any goodwill created as a result of direct or indirect contacts or relationships between the Executive and any existing or prospective customers, vendors, cable operators, accounts or business partners. In recognition of this, and in partial consideration for the Company and/or entering into this Agreement with the Bank Executive, the Executive shall be obligated to comply with the following provisions if the Executive becomes entitled to any Extended Compensation Payment under this Agreement: (A) During the Executive's employment with the Company, and for a period of one (1) year following thereafter, the Expiration Date Executive may not entice or solicit, either directly or indirectly, any Company management employee to leave the employ of the Company or any independent contractor to sever its engagement with the Company, absent prior written consent from the Company. The preceding sentence of this subparagraph (A) shall not be construed to prohibit the Executive from hiring, directly or indirectly, a Company employee provided such employee contacted or solicited employment from the Executive on his or her own initiative and without any encouragement, influence or inducement from the Executive’s . (B) During the Executive's employment under this Agreement or earlier termination with the Company, and for a period of such employmentone (1) year thereafter, the Executive shall may not, directly or indirectly, individually entice, solicit or together with encourage any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek customer to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were cease doing business with the Company or reduce its relationship with the Bank Company in respect of any work covered by a contract (including, without limitation, contract task orders and delivery orders) to which the Company was a party during the one-one year period prior to the Expiration Date or Termination Date termination of Executive’s 's employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employer.

Appears in 1 contract

Sources: Executive Agreement (Anteon International Corp)

Non-Solicitation. In consideration for (i) the Company’s promise to provide Confidential Information to Executive recognizes that and Executive’s return promise to hold the business of Company’s Confidential Information in trust, (ii) the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed substantial economic investment made by the Company and/or in the Bank Confidential Information and goodwill of the Company, and the business opportunities disclosed or entrusted to Executive, (iii) the compensation and other benefits provided by the Company to Executive, and (iv) the Company’s employment of Executive pursuant to this Agreement, and to protect the Company’s Confidential Information, customer relationships, and goodwill, Executive agrees that, during the Employment Period and for a period of one year twelve (12) months immediately following the Expiration Date date of Executive’s employment termination from employment, other than in connection with his authorized duties under this Agreement or earlier termination of such employmentAgreement, Executive shall not, directly or indirectly, individually or together with any other person, either as owner, shareholder, investor, member, partner, proprietor, a principal, director, officer, executive, manager, agent, representativeemployee, independent contractorconsultant, consultant officer, director, stockholder, partner, investor, owner, or otherwiselender or in any other capacity, and whether personally or through other persons or entities: (i) Solicit business from, interfere with, attempt to solicit in business with, or do business with any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company with whom the Company did business or who the Bank Company solicited within the preceding twelve (12) months, and who or which Executive contacted, called on, serviced or did business with during Executive’s employment at the one-year period Company (and not at any time prior to commencement of the Expiration Date Employment Period). This restriction in this Section 7(a)(i) only prohibits soliciting, attempting to solicit or Termination Date transacting business for any person or entity, other than the Company, engaged in the business of Executive’s employmentmining bitcoin; or (ii) request Solicit, induce or advise any customerattempt to solicit or induce, supplierengage or hire, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date on behalf of Executive’s employment, himself or any other personperson or entity, to terminate, reduce, limit any person who is an employee or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer consultant of the Company or the Bank to terminate his or her employment with who was employed by the Company or within the Bank; providedpreceding twelve (12) months (general advertisements and similar solicitations not directed at any specific individuals shall not be considered solicitation for this purpose). Notwithstanding the foregoing, however, that nothing the restrictions contained in this Section shall not apply to ▇▇▇ ▇▇▇▇▇. The provisions contained in this Section 7 are considered reasonable by Executive and the Company. In the event that any such provisions should be found to be void under applicable laws but would be valid if some part thereof was deleted or any other provision the period or area of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective. In the event Executive breaches this Agreement shall preclude or prohibit ExecutiveSection 7, if Executive’s Term of employment with Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Bank Company shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred right to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerseek all remedies permissible under applicable law.

Appears in 1 contract

Sources: Employment Agreement (Bit Digital, Inc)

Non-Solicitation. Executive recognizes The parties acknowledge and agree that during the business course of this a. During the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank term of this Agreement and for a period of one year following two (2) years thereafter (the Expiration Date of Executive’s employment under this Agreement “Non-Solicitation Period”), Client shall not solicit or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with induce any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the then-current Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank Staff to terminate his or her employment employment, relationship, or association with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers Company. For purposes of the preceding sentence, Client’s general, broadly-distributed publication of job listing(s) in any media shall not be construed as a prohibited solicitation or inducement of Company or Staff. b. In addition, Client agrees that, during the Bank referred to Non- Solicitation Period, it shall not in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employerany way, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, either directly or indirectly, offer employment to, employ, involve, use, retain, or associate with (i) any then- current Company Staff, and (ii) any person or entity who met the definition of solicitationsCompany Staff at any time within the five (5) year period preceding the applicable solicitation, inducementsprovided that Client knows or reasonably should know that such person or entity meets such definition. Without limiting the foregoing, approachesClient shall be deemed to know the status of any current or former Company Staff who performed any services for Client under any Company SOW. For purposes of further clarification, overtures regardless of the type of general, broadly-distributed publication of job listing(s) conducted by Client, Client will not knowingly hire any Company Staff during the Non-Solicitation Period even if the Company Staff responds to that or other expressions type of interest initiated job listing posted by Executive with the Client. c. If Client breaches the non-solicitation covenants in subsections (7a.) or (7b.), above, during the Non-Solicitation Period, and without the Company’s advance written approval, which may or may not be granted in the Company’s sole discretion, Client shall pay a fee of one hundred thousand U.S. dollars ($100,000 USD) to the Company for every Company Staff member solicited from the Company. This fee shall be due and payable prior to such customers hire being effectuated. It is expressly agreed by the Parties that said sum shall not be construed as a penalty but is rather the agreed upon amount of liquidated damages determined by the Parties in good faith in the event of Client's breach of obligations under Section 17a. Additionally, the Company shall be entitled to the recovery of costs and reasonable attorneys' fees in the enforcement of this section regardless of whether or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employernot suit is brought.

Appears in 1 contract

Sources: Terms of Use Agreement

Non-Solicitation. Executive recognizes that the business of the You agree that, while you are employed by any System Company and during the Bank is highly competitiveNon-Compete Period (or, and therefore acknowledges and agrees that at all times while employed by if later, the last day you are scheduled to receive cash severance payments from your System Company and/or employer pursuant to any severance plan or other agreement), except in the Bank and for a period good faith performance of one year following your duties to the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentSystem Companies, Executive you shall not, other than as authorized in writing by the General Counsel of the Company: (I) directly or indirectlyindirectly advise, individually solicit, induce, hire, encourage or together with assist in the hiring process, or advise, cause, encourage or assist others to solicit, induce or hire, any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, employee or consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the System Company or the Bank any individual who was an employee or consultant of any System Company at any time during the onesix-year month period immediately prior to the Expiration Date such action or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iiiII) induce, request encourage, persuade or attempt cause others to influence induce, encourage, or persuade any officer employee or consultant of the any System Company to cease providing services to any System Company or the Bank in any way to terminate his modify such employee’s or her employment consultant’s relationship with the any System Company or (III) within the BankRestricted Territory, directly or indirectly solicit the trade, business or patronage of any clients, customers or vendors or prospective clients, customers or vendors of any System Company to provide competing products or services or advise, or assist such clients, customers or vendors or prospective clients, customers or vendors to in any way modify their relationship with any System Company. The foregoing non-solicitation (I) shall not be violated by general advertising not targeted at the forgoing persons or entities; provided(II) shall not apply to solicitation of persons involuntarily terminated from System Company employment; and (III) shall only apply to persons or entities (x) who reported directly or indirectly to you; (y) with whom you had material contact while at a System Company; or (z) about whom or which you possessed (1) information regarding quality of performance while they were employed by a System Company, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with which information you would not otherwise have except for the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment position you held with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New EmployerSystem Company, or (b2) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerConfidential Information.

Appears in 1 contract

Sources: Stock Option Agreement (Entergy New Orleans, LLC)

Non-Solicitation. Executive recognizes that the business of Except as necessary, appropriate or desirable to perform his duties to the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such during his employment, Executive Barrack shall notnot during the Restricted Period, without CFI’s prior written consent, (i) directly or indirectly, individually on his own behalf or together with for any other personPerson, as ownerknowingly (A) solicit or induce any (x) officer, shareholder, investor, member, partner, proprietor, principal, or director, officer, executive, manager, agent, representative, or (y) employee or independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer contractor of the Company who is a natural person that provides consulting or the Bank during the one-year period prior advisory services with respect to the Expiration Date sourcing or Termination Date of Executive’s employment; or (ii) request consummating financings or advise any customerinvestments, supplierin either case, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her relationship with the Company, or (B) hire any such individual whom Barrack knows left the employment of the Company during the previous 12 months or (ii) directly or indirectly, on his own behalf or for any other Person, solicit or induce any investors to terminate (or diminish in any material respect) his, her or its relationship with the Company. For the avoidance of doubt, identification or doing business with or co-investing with any limited partners, investors, financing sources or capital markets intermediaries with regard to activity that is not prohibited by Section 3 above shall not be deemed to be a breach of this Section 4 or otherwise. Barrack shall not be in violation of this Section 4 by reason of providing a personal reference for any officer, director or employee of the Company or soliciting individuals for employment through a general advertisement not targeted specifically to officers, directors or employees of the BankCompany. This Section 4 shall not prohibit Barrack from (x) soliciting or hiring any of the Persons listed on Exhibit 2 attached hereto or (y) engaging the services of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇ during their employment with CFI solely in connection with Permitted Activities engaged in by Barrack; provided, however, that nothing with respect to clause (y), such employees will only provide services in connection with Permitted Activities consistent with services provided prior to the Effective Date. In addition, except as otherwise provided in this Section 4, during the Restricted Period, in the event that Barrack engages the services of any Business Employee in connection with any business of CC following the Effective Date or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment in connection with the Company and/or Permitted Activities engaged in by Barrack, Barrack shall pay a reasonable fee (based on such Business Employee’s then current compensation and cost of providing benefits, relative to the Bank shall have expired or Executiveamount of such Business Employee’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (abusiness time spent performing such services to Barrack) entering into discussions or negotiations with any customers or active prospective customers of to the Company or for the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers services of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerBusiness Employee.

Appears in 1 contract

Sources: Employment Agreement (Colony Capital, Inc.)

Non-Solicitation. (a) Executive recognizes that shall not at any time during the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following his employment with the Expiration Date of Executive’s employment under this Agreement Company, or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-one (1) year period prior to the Expiration Date or immediately following his Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business Employment with the Company or (“Non-Solicitation Period”), without the Bank during prior written consent of the one-year period prior to the Expiration Date or Termination Date Company, on behalf of Executive’s employment, himself or any other person, to terminate, reduce, limit solicit for employment or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence employ any officer of the Company current officers or employees of the Bank to terminate his or her employment with the Company or the BankCompany; provided, however, that nothing in this Section or contained herein shall prohibit Executive from hiring employees of the Company when such employment results from general solicitations for employment. (b) Executive shall not at any other provision time during the period of this Agreement shall preclude or prohibit Executive, if Executive’s Term of his employment with the Company and/or Company, or during the Bank shall have expired Non-Solicitation Period, without the prior written consent of the Company, solicit for his own use, or Executive’s employment shall have been early terminatedfor the use of any company or person by whom he is employed, and within one year after or for whom he may be acting, any of the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective current customers of the Company, nor shall he divulge to any other person any information or fact relating to the management, business (including prospective business), finances, its customers or the terms of any of the contracts of the Company which has heretofore or which may hereafter come to the knowledge of Executive which is not freely available to the public. (c) Executive shall not, during the Non-Solicitation Period, in any way defame the Company or disparage its business capabilities, products, plans or management to any customer, potential customer, vendor, supplier, contractor, subcontractor of the Bank referred Company so as to in subparagraph affect adversely the goodwill or business of the Company. (id) above regarding their entering into business or customer relationships or opening accounts with the New EmployerExecutive covenants and agrees that a breach of these subparagraphs (a), or (b) engaging or (c) would immediately and irreparably harm the Company and that a remedy at law would be inadequate to compensate the Company for its losses by reason of such breach and therefore that the Company shall, in discussions addition to any rights and remedies available under this Agreement, at law or negotiations with otherwise, be entitled to any officers injunction to be issued by any court of competent jurisdiction enjoining and restraining Executive from committing any violation of these subparagraphs (a), (b) or (c), and Executive hereby consent to the issuance of such injunction. (e) For purposes of this Section 5 and in consideration of this Agreement, this non-solicitation agreement has been separately negotiated and bargained for, and constitutes a substantial portion of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerconsideration for this Agreement.

Appears in 1 contract

Sources: Employment Agreement (Beverly Enterprises Inc)

Non-Solicitation. Executive recognizes that From and after the business of Execution Date and continuing through the Closing Date, the Company shall not, and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by Company shall cause the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notSubsidiaries not to, directly or indirectly, individually authorize or together with permit any other personof their respective officers, as ownerdirectors, shareholderemployees, investoragents or representatives, memberincluding investment bankers, partnerfinancial advisors, proprietorattorneys, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant consultants and accountants retained by or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer on behalf of the Company or the Bank during the one-year period prior any Company Subsidiary (collectively, “Representatives”), to, directly or indirectly, (i) initiate, solicit, knowingly encourage or take any other action designed to the Expiration Date facilitate any possible sale or Termination Date other disposition (whether by merger, stock sale, reorganization, recapitalization or otherwise) of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, all or any other person, to terminate, reduce, limit material portion of the equity securities or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer assets of the Company or the Bank to terminate his or her employment any Company Subsidiary with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, Person other than Parent and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer its Affiliates (an New EmployerAcquisition Proposal”), from (aii) entering enter into any agreement with respect to any Acquisition Proposal or (iii) engage or otherwise participate in discussions or negotiations regarding, or provide any information with respect to, or otherwise cooperate with, any proposal that constitutes, or could reasonably be expected to lead to, an Acquisition Proposal. The Company shall, and shall cause the Company Subsidiaries and its Representatives to, immediately cease and terminate all existing discussions or negotiations with any customers Person with respect to any proposal that constitutes, or active prospective customers could reasonably be expected to lead to, an Acquisition Proposal. Without limiting the foregoing, it is agreed that any violation of the restrictions set forth in this Section by any Representative or Affiliate of the Company or any Company Subsidiary shall be deemed to be a breach of this Section by the Bank referred Company. The restrictions in this Section 5.2 shall not apply to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts any negotiations, discussions with Chevron with respect the New Employer, or (b) engaging in discussions or negotiations with any officers exercise by Chevron of the Chevron Option Agreements. The Company or the Bank referred to shall notify Parent as soon as practicable (and in subparagraph any event within twenty-four (iii24) above regarding their accepting employment with the New Employerhours) orally, and promptly thereafter in writing, if in each such case such discussions and negotiations are not any Person makes any Acquisition Proposal. The Company shall keep Parent promptly informed of the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, status of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerAcquisition Proposal.

Appears in 1 contract

Sources: Merger Agreement (Par Petroleum Corp/Co)

Non-Solicitation. (a) For the period ending one year from the date that Executive recognizes that executes this Agreement (“Restricted Period”), Executive (i) shall not solicit to leave the employ of the Company or hire any officer, employee or consultant of the Company; (ii) shall not solicit or take away the business of any of the customers or accounts of the Company, which were solicited or served by Executive at any time during Executive’s employment; (iii) shall not acquire, or assist any other party in acquiring, any shares of the Company for purposes of gaining control of the Company, or otherwise seek, or assist any other party in seeking any shares of the Company for purposes of gaining control of the Company; and (iv) shall not breach any term or condition of her Employee Proprietary Information and Invention Assignment Agreement, dated July 10, 2000, which shall remain in full force and effect during and after the Bank is highly competitive, and therefore Restricted Period. (b) Executive acknowledges and agrees that at all times while employed by because of the nature of the business in which the Company and/or is engaged and because of the Bank nature of the confidential information to which Executive had access during her employment, it would be impractical and excessively difficult to determine the actual damages of the Company in the event Executive breached any of the covenants of subsection (a), and remedies at law (such as monetary damages) for a period of one year following the Expiration Date any breach of Executive’s employment obligations under subsection (a) would be inadequate. Executive therefore agrees and consents that if she commits any breach of a covenant under subsection (a), the Company shall have the right (in addition to, and not in lieu of, any other right or remedy that may be available to it) to temporary and permanent injunctive relief from a court of competent jurisdiction without posting any bond or other security and without the necessity of proof of actual damage. With respect to any provision of subsection (a) that is finally determined to be unenforceable, Executive and the Company hereby agree that this Agreement or earlier termination of such employment, Executive any provision hereof shall not, directly or indirectly, individually or together with any other person, be reformed in a manner that retains as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer much of the Company or original intent of the Bank during the one-year period prior Agreement as is both practicable and consistent with applicable law. If, subsequent to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise Company seeking any customerrelief under this Paragraph 4, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior fails to the Expiration Date or Termination Date of Executive’s employmentprove that Executive breached a covenant, or any other person, to terminate, reduce, limit or change their business or relationship with the Company will be fully liable for any fees or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing expenses Executive has incurred in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with defending herself against such a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerclaim.

Appears in 1 contract

Sources: Separation Agreement (Tenfold Corp /Ut)

Non-Solicitation. (i) The Executive recognizes specifically acknowledges that the Confidential Information described in this Section 12 includes confidential data pertaining to current and prospective customers of the Company, that such data is a valuable and unique asset of the Company’s business and that the success or failure of the Company’s specialized business is dependent in large part upon the Company’s ability to establish and maintain close and continuing personal contacts and working relationships with such customers, and to develop proposals which are specifically designed to meet the requirements of such customers. Therefore, the Executive agrees that during the Term of this Agreement, and for a period of one (1) year after the Date of Termination, he will not, except on behalf of the Company or with the Company’s express written consent, solicit, either directly or indirectly, on his own behalf or on behalf of any other person or entity, any customers or targeted potential customers with whom he had contact before the Date of Termination to take any action which could reasonably be expected to adversely affect the Company. (ii) The Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective employees and agents of the Company, and the Bank is highly competitive, and therefore acknowledges and Executive further agrees that at all times while employed by during the Company and/or the Bank Term of this Agreement, and for a period of one (1) year following after the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentTermination, the Executive shall not, will not directly or indirectlyindirectly solicit, individually induce or together with attempt to induce, on his own behalf or on behalf of any other personperson or entity, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business services of any person who is or was a customer or an active prospective customer employee of the Company or solicit any of the Bank during the one-year period prior Company’s employees, consultants or agents to the Expiration Date terminate their employment or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business agency with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or take any other personactions which would otherwise cause the Company’s employees, consultants or agents to terminateviolate any Company policy, reduce, limit program or change their business or relationship with the Company or the Bank; orplan. (iii) induceThe Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective vendors and suppliers of the Company, request and the Executive agrees that during the Term of this Agreement, and for a period of one (1) year after the Date of Termination, the Executive will not directly or attempt to influence indirectly solicit, on his own behalf or on behalf of any officer other person or entity, any vendor or supplier of the Company for the purpose of terminating or changing (in an adverse manner) such vendor’s or supplier’s relationship or agency with the Bank Company. (iv) For purposes of this Section 12(a), references to terminate his or her employment with the Company mean the Company or the Bank; provided, however, that nothing in this Section any existing or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers future subsidiary of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with and any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, other entities that directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any through one or more such actions taken intermediaries, control, are controlled by such customers or such officers are under common control with Executive in his capacity as an employee of New Employerthe Company.

Appears in 1 contract

Sources: Employment Agreement (Acxiom Corp)

Non-Solicitation. Executive recognizes During the period commencing on the Effective Date of this Agreement and extending until the later of (i) the date that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following after the Expiration Date date of Executive’s employment under this Agreement or earlier termination of such employmentthis Agreement, or (ii) the date that is one year after the last payment is made to Executive pursuant to this Agreement, Executive shall not, not directly or indirectlyindirectly (a) solicit business from any person or entity which then is or was a Company customer, individually client or together prospect during the 60 months prior to the date of termination; (b) induce any such person or entity to cease or reduce their business relationship with Company; (c) induce any other personperson to leave the employment of Company; or (d) hire or use the services of any Company employee without Company’s prior written consent. Executive will not aid others in doing anything Executive is prohibited from doing under this Section 5.2, whether as owneran employee, officer, director, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: . For purposes of this Section 5.2, the term “solicit” includes without limitation (i) responding to requests for proposals and invitations for bids, (ii) initiating contacts with customers, clients, or prospects of Company for the purpose of advising them that Executive is no longer employed by or consults for Company and is available for work which is competitive with the services offered by Company, and (iii) participating in joint ventures or acting as a consultant or subcontractor or employee of others who directly solicit in business is prohibited by this Agreement. The term “Company employee” includes any manner then current employee of Company or seek to obtain the business of any person who is has left the employ of Company within the then previous six months. The terms “Company client” and “Company customer” include any parent corporation, subsidiary corporation, affiliate corporation or was partner or joint venture of a customer client or an active prospective customer of customer. “Company prospect” means any person or entity to whom Company has submitted a bid or proposal within the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerthen immediately preceding 12 months.

Appears in 1 contract

Sources: Executive Employment Agreement (Northwest Pipe Co)

Non-Solicitation. (a) In further consideration of the compensation to be paid to Executive recognizes hereunder. Executive acknowledges that in the business course of his employment with the Company or any of its Affiliates he shall become familiar and during his employment with the Company and RSI prior to the date hereof he has become familiar with RSI’s and the Company’s trade secrets and with other Confidential Information and Work Product concerning the Company, its Affiliates and RSI, including, without limitation. Confidential Information and Work Product and that his services have been and shall be of special, unique and extraordinary value to the Company, its Affiliates and RSI. Therefore, Executive agrees that during the period beginning on the date hereof and ending on the two (2) year anniversary of the termination of the Employment Period (the “Non-solicitation Period”), he shall not directly or indirectly through another entity (i) induce or attempt to induce any employee of the Company (or any of its Subsidiaries or any of its other Affiliates to which Executive provides executive services (each Subsidiary and the Bank is highly competitiveAffiliate, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other personRSI, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (ia “Designated Affiliate”) solicit in any manner or seek to obtain leave the business of any person who is or was a customer or an active prospective customer employ of the Company or such Designated Affiliate; (ii) hire or employ any person who was an employee of the Bank Company or any Designated Affiliate at any time during the oneEmployment Period, provided that such restriction shall not apply to any person who was not an employee of the Company or a Designated Affiliate for a twelve-year month period prior to the Expiration Date making of such offer to hire; (iii) call on, solicit, or Termination Date of Executive’s employment; or (ii) request or advise service any customer, supplier, vendor licensee, licensor or others who were other business relation or prospective client of the Company or any Designated Affiliate with respect to products and/or services that are to have been provided by the Company or its Designated Affiliate during the twelve-month period prior to the termination of the Employment Period, or which the Company or its Designated Affiliates is currently in the process of developing; or (iv) induce or attempt to induce any customer, supplier, licensee, licensor or other business relation of the Company or any of its Designated Affiliates to cease doing business with the Company or such Designated Affiliate. For the Bank during purposes of this Agreement, “RSI” shall mean Rackable Systems, Inc. and its predecessors, the one-year period prior predecessor in interest to the Expiration Date or Termination Date of ExecutiveCompany’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerbusiness.

Appears in 1 contract

Sources: Employment Agreement (Rackable Systems, Inc.)

Non-Solicitation. (i) The Executive recognizes specifically acknowledges that the business Confidential Information described in this Section 12 includes confidential data pertaining to current and prospective customers of the Company Company, that such data is a valuable and unique asset of the Bank Company’s business and that the success or failure of the Company’s specialized business is highly competitivedependent in large part upon the Company’s ability to establish and maintain close and continuing personal contacts and working relationships with such customers, and therefore acknowledges and to develop proposals which are specifically designed to meet the requirements of such customers. Therefore, the Executive agrees that at all times while employed by during the Company and/or the Bank Term of this Agreement and for a period of one (1) year following after the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentTermination, Executive shall he will not, except on behalf of the Company or with the Company’s express written consent, solicit, either directly or indirectly, individually on his own behalf or together with on behalf of any other personperson or entity, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise:any customers with whom he had contact before the Date of Termination to take any action which could reasonably be expected to adversely affect the Company. (iii) solicit The Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective employees and agents of the Company, and the Executive further agrees that during the Term of this Agreement, and until for a period of one (1) year after the Date of Termination, the Executive will not directly or indirectly solicit, on his own behalf or on behalf of any manner other person or seek to obtain entity, the business services of any person who is an employee or was a customer or an active prospective customer agent of the Company or solicit any of the Bank during the one-year period prior Company’s employees or agents to the Expiration Date terminate their employment or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business agency with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany, or any other person, to terminate, reduce, limit or change their business or relationship except with the Company or the Bank; orCompany’s express written consent. (iii) induceThe Executive specifically acknowledges that the Confidential Information described in this Section 12 also includes confidential data pertaining to current and prospective vendors and suppliers of the Company, request and the Executive agrees that during the Term of this Agreement, and for a period of one (1) year after the Date of Termination, the Executive will not directly or attempt indirectly solicit, on his own behalf or on behalf of any other person or entity, any vendor or supplier of the Company for the purpose of either providing products or services to influence any officer do a business competitive with that of the Company or terminating or changing (in an adverse manner) such vendor’s or supplier’s relationship or agency with the Bank Company. (iv) For purposes of this Section 12(a), references to terminate his or her employment with the Company mean the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers existing future subsidiary of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with and any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, other entities that directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any through one or more such actions taken intermediaries, control, are controlled by such customers or such officers are under common control with Executive in his capacity as an employee of New Employerthe Company.

Appears in 1 contract

Sources: Employment Agreement (Acxiom Corp)

Non-Solicitation. Executive recognizes that the business (a) In consideration of the Company benefits of this Agreement to Inland Group, IREIC and the Bank is highly competitiveManager Shareholders and in order to induce REIT to enter into this Agreement, each of Inland Group, IREIC and each Manager Shareholder hereby covenants and agrees that, from and after the Closing Date and until the fifth (5th) anniversary of the Closing Date, it shall not, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notcause its Affiliates not to, directly or indirectly, individually or together with any other personas an officer, as ownerdirector, shareholderemployee, investorpartner, stockholder, member, partner, proprietor, principalconsultant, directorjoint venturer, officerinvestor or in any other capacity, executive, manager, agent, representative, independent contractorhire or solicit to perform services (as an employee, consultant or otherwise: (i) solicit in or take any manner or seek actions which are intended to obtain the business persuade any termination of association of any person who is or was a customer or an active prospective customer Service Employee (including employees of any respective Affiliates of the Company Service Providers performing services for or on behalf of any Service Provider) with any of REIT or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the BankSurviving Corporations; provided, however, that nothing (i) general solicitations of employment published in a journal, newspaper or other publication of general circulation or listed on any internet job site and not specifically directed towards such employees shall not be deemed to constitute solicitation for purposes of this Section 6.15; (ii) any hiring of any Service Employee or any other provision person employed by REIT by Inland Group, IREIC or any Manager Shareholder will not be prohibited where such hiring is not the result of a solicitation by the hiring party; and (iii) this covenant shall not apply to the persons listed on Schedule 6.15. (b) In consideration of the benefits of this Agreement to REIT and in order to induce Inland Group, IREIC and the Manager Shareholders to enter into this Agreement, REIT hereby covenants and agrees that, from and after the Closing Date and until the fifth (5th) anniversary of the Closing Date, it shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminatednot, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are cause its Affiliates not the resultto, directly or indirectly, as an officer, director, employee, partner, stockholder, member, proprietor, consultant, joint venturer, investor or in any other capacity, hire or solicit to perform services (as an employee, consultant or otherwise) or take any actions which are intended to persuade any termination of solicitationsassociation of any employee of Inland Group or IREIC (including employees of any respective Affiliates of Inland Group or IREIC performing services for or on behalf of any Service Provider) with any of Inland Group or IREIC; provided, inducementshowever, approachesthat (i) general solicitations of employment published in a journal, overtures newspaper or other expressions publication of interest initiated by Executive with general circulation or listed on any internet job site and not specifically directed towards such customers or officers but rather are the result, directly or indirectly, employees shall not be deemed to constitute solicitation for purposes of this Section 6.15; (ii) any hiring of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerInland Group or IREIC by REIT will not be prohibited where such hiring is not the result of a solicitation by the hiring party; and (iii) this covenant shall not apply to the persons listed on Schedule 6.15. (c) Each of Inland Group, IREIC and each Manager Shareholder specifically acknowledges and agrees that the time and activity restrictions set forth in Section 6.15(a) are reasonable and properly required for the protection of REIT and the businesses being acquired, and REIT specifically acknowledges and agrees that the time and activity restrictions set forth in Section 6.15(b) are reasonable and properly required for the protection of Inland Group and IREIC. However, each of Inland Group, IREIC, each Manager Shareholder and REIT further agrees that if any of the provisions of this Section 6.15 is found by any court of competent jurisdiction (or legally empowered agency) to be in violation of applicable Law or unenforceable for any reason whatsoever, then it is the intention of Inland Group, IREIC, each Manager Shareholder and REIT that such provision or provisions be deemed to be automatically amended to the extent necessary to comply with applicable Law and permit enforcement. If any of the provisions of this Section 6.15 shall be deemed by any court of competent jurisdiction (or legally empowered agency) to be wholly or partially invalid, such determination shall not affect the binding effect of the other provisions of this Section 6.15. REIT and Inland Group, IREIC and each Manager Shareholder agree that a monetary remedy for breach under this Section 6.15 shall be inadequate, and will be impracticable and extremely difficult to prove, and further agree (i) that a breach of Section 6.15(a) will cause REIT irreparable harm, and that, in addition to any other rights or remedies available to REIT, REIT is entitled to temporary and permanent injunctive relief without the necessity of proving actual damages, with a bond or other form of security not being required and specifically waived hereby and (ii) that a breach of Section 6.15(b) will cause Inland Group or IREIC, as applicable, irreparable harm, and that, in addition to any other rights or remedies available to Inland Group or IREIC, as applicable, Inland Group or IREIC, as applicable, is entitled to temporary and permanent injunctive relief without the necessity of proving actual damages, with a bond or other form of security not being required and specifically waived hereby.

Appears in 1 contract

Sources: Merger Agreement (Inland Retail Real Estate Trust Inc)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for (a) For a period of one year two (2) years following the Expiration Date date of Executive’s employment under this Agreement or earlier termination of such employment(the “Restricted Period”), Executive each Intel Partner hereby agrees that it shall not, directly or indirectly, individually on its own behalf or together with on behalf of any other personPerson (except the Company or any other Company Entity), and that it will cause its Subsidiaries not to, solicit for employment or engagement as ownera service provider, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is then an officer, senior management level employee or was a customer or an active prospective customer Technical Employee of the Company or any other Company Entity without the Bank during the oneCompany’s consent. Nothing contained in this Section 7.4(a) shall prevent (x) general and broad-year period prior to the Expiration Date based advertisements or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, postings by Intel or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of its Subsidiaries that are not specifically targeted at employees of the Company or the Bank to terminate his any other Company Entity or her employment with the Company or the Bank; provided, however, that nothing in this Section (y) Intel or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), its Subsidiaries from (a) entering into discussions or negotiations with any customers or active prospective customers hiring employees of the Company or the Bank referred any other Company Entity who respond to such advertisements or postings and who were not otherwise solicited by or on behalf of Intel or any of its Subsidiaries in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or violation of this Section 7.4(a). (b) engaging in discussions or negotiations with any officers During the Restricted Period, each SL Partner hereby agrees that it shall not, and shall cause each of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are its Affiliates not the resultto, directly or indirectly, on its own behalf or on behalf of solicitationsany other Person, inducementssolicit for employment or engagement as a service provider, approachesany person who is then an officer, overtures senior management level employee or Technical Employee of (i) the Company or any other expressions Company Entity without the Company’s consent, or (ii) Intel or any Subsidiary of interest initiated Intel without Intel’s consent. Nothing contained in this Section 7.4(b) shall prevent (x) general and broad-based advertisements or postings by Executive with the SL Partners or their Affiliates that are not specifically targeted at employees of the Company or any other Company Entity, or Intel or any Subsidiary of Intel or (y) SL Partners or their Affiliates from hiring employees of the Company or any other Company Entity, or Intel or any Subsidiary of Intel, who respond to such customers advertisements or officers but rather are postings and who were not otherwise solicited by or on behalf of the resultSL Partners in violation of Section 7.4(b). (c) During the Restricted Period, the Company hereby agrees that it shall not, directly or indirectly, on its own behalf or on behalf of any one other Person, and that it will cause the other Company Entities not to, solicit for employment or more engagement as a service provider, any person who is then an officer, senior management level employee or Technical Employee of Intel or any of Intel’s Subsidiaries without Intel’s consent. Nothing contained in this Section 7.4(c) shall prevent (x) general and broad-based advertisements or postings by the Company or any other Company Entity that are not specifically targeted at employees of Intel or any of Intel’s Subsidiaries or (y) the Company or any other Company Entity from hiring employees of Intel or any of Intel’s Subsidiaries who respond to such actions taken advertisements or postings and who were not otherwise solicited by or on behalf of the Company or any other Company Entity in violation of Section 7.4(c). (d) Each party hereto acknowledges and agrees that a breach or threatened breach of this Section 7.4 would give rise to irreparable harm to the other parties hereto, for which monetary damages would not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by such customers party of any such obligations, the other parties hereto shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance, and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond). (e) Each party hereto acknowledges that the restrictions contained in this Section 7.4 are reasonable and necessary to protect the parties’ legitimate interests and constitute a material inducement to the other parties hereto to enter into this Agreement and consummate the transactions contemplated hereby. If any court of competent jurisdiction determines that any of the covenants set forth in this Section 7.4, or any part thereof, is unenforceable because of the duration or geographic scope of such officers with Executive provision, such court shall have the power to modify any such unenforceable provision in his capacity lieu of severing such unenforceable provision from this Agreement in its entirety, whether by rewriting the offending provision, deleting any or all of the offending provision, adding additional language to this Section 7.4, or by making such other modifications as an employee it deems warranted to carry out the intent and agreement of New Employerthe parties hereto, as embodied herein, to the maximum extent permitted by Applicable Law. The parties hereto expressly agree that this Agreement as so modified by the court shall be binding on and enforceable against each of them.

Appears in 1 contract

Sources: Limited Partnership Agreement (Intel Corp)

Non-Solicitation. Executive recognizes I agree that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while I am employed by the Company and/or and (a) in the Bank and event I terminate my employment without Good Reason (as defined below) or the Company terminates my employment for Cause (as defined below) (either event, a “Fault Event”), for a period of two (2) years immediately following any such termination of my employment with the Company, or (b) in the event of a termination or expiration of my employment with the Company for any other reason, for a period of one (1) year immediately following the Expiration Date termination or expiration of Executive’s my employment under this Agreement or earlier termination of such employmentwith the Company, Executive I shall not, not directly or indirectly, individually either on behalf of myself or together with any other personperson or entity, as owner(i) intentionally solicit, shareholderinduce, investorrecruit or encourage any employee of the Company or independent contractor of the Company who provides services to or on behalf of the Company to leave his, memberher or its employment or engagement with the Company, partneror attempt to solicit, proprietorrecruit, principalor take away any such employees or independent contractors (or induce or encourage any such employee or independent contractor to terminate its employment or engagement with the Company); provided that after termination or expiration of my employment, directorthis provision shall only apply to those employees or independent contractors of the Company who (A) are current employees or independent contracts of the Company and (B) were such at any time within 12 months prior to the date of such termination or expiration, officer, executive, manager, agent, representative(ii) intentionally interfere in any manner with the contractual or employment relationship between the Company and any employee, independent contractor, consultant Customer (as defined below) or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer supplier of the Company or the Bank during the one-year period prior cause any such employee, independent contractor, Customer or supplier to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customercease employment with, supplier, vendor or others who were cease doing business with or reduce the amount of business it does with the Company; provided that after termination or expiration of my employment, this provision shall apply only to the employees, independent contractors, Customers or suppliers of the Company who (A) are current employees, independent contractors, Customers or suppliers of the Bank during the one-year period Company and (B) were such at any time within 12 months prior to the Expiration Date such termination or Termination Date of Executive’s employmentexpiration, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induceafter termination or expiration of my employment, request hire or attempt to influence otherwise employ any officer employee of the Company or independent contractor of the Bank Company who provides services to terminate his or her employment with on behalf of the Company or the Bank; provided, however, that nothing in this Section who has provided services to or any other provision on behalf of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or at any time during the Bank shall have expired prior three month period, or Executive’s employment shall have been early terminated(iv) whether as a direct solicitor or provider of such services or products, and or in a management or supervisory capacity over others who solicit or provide such services or products, intentionally solicit or provide services or products that fall within one year the definition of Restricted Business to any Customer of the Company; provided that after the Expiration Date expiration or Termination Datetermination of my employment, Executive this provision shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective only apply to those customers of the Company who are current Customers and were Customers at any time within 12 months prior to the termination or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts expiration of my employment with the New EmployerCompany. “Customer” shall mean those persons or affiliates to which the Company has rendered services or provided products within the last three months that fall within the definition of Restricted Business (including, or (b) engaging in discussions or negotiations with any officers for the avoidance of doubt, commercial clients of the Company or that provide vehicles to the Bank referred to Company in subparagraph (iii) above regarding their accepting employment connection with the New Employer, if in services provided by the Company). The terms “Cause” and “Good Reason” shall have the respective meanings signed to each such case such discussions and negotiations are not term in the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerEmployment Agreement.

Appears in 1 contract

Sources: Employment Agreement (Acamar Partners Acquisition Corp.)

Non-Solicitation. Executive recognizes Additionally, you agree that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank so long as you are in Medscape's employ and for a period of one year following after the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentemployment for any reason whatsoever, Executive shall you will not, within the United States and its territories and possessions, or in any other geographical area in which the Company has an office or a client (the "Medscape Territory"), directly or indirectly, individually on your own behalf or together on behalf of anyone else engaged in a business which is directly competitive with any other personthe Company, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: without the prior written consent of the Company: (i) solicit in persuade or attempt to persuade any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or its affiliates as of the Bank during date of the one-year period prior termination of your employment, to cease doing business with, or to reduce the Expiration Date amount of business it does with, the Company or Termination Date its affiliates or solicit the business of Executive’s employmentany of the Company's or its affiliates' customers as of the date of the termination of your employment hereunder; or (ii) request render to or advise for any customer, supplier, vendor or others who were doing business with customer of the Company or as of the Bank during date of the one-year period prior to termination of your employment hereunder any services of the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with type rendered by the Company to its customers unless such services are rendered as an employee or consultant of the BankCompany; or or (iii) induce, request solicit or attempt encourage to influence any officer leave the employ of the Company or its affiliates, or to become employed by any person other than the Bank to terminate his or her employment with Company, any employee of the Company or the Bank; providedits affiliates, however, that nothing in this Section or any other provision individual who was an employee of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or or its affiliates during the Bank shall have expired or Executive’s employment shall have been early terminated, one year prior to the termination of your employment. You further agree that so long as you are in the Company's employ and within for a period of one year after the Expiration Date or Termination Datetermination of such employment for any reason whatsoever, Executive shall have accepted employment with a successor employer (“New Employer”)you will not, from (a) entering into discussions or negotiations with any customers or active prospective customers of within the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultMedscape Territory, directly or indirectly, on your own behalf or on behalf of solicitationsanyone else engaged in a business which is directly competitive with the Company, inducementswithout the prior written consent of the Company, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of employ any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employer.the Company or its affiliates,

Appears in 1 contract

Sources: Employment Agreement (Medscape Inc)

Non-Solicitation. Executive recognizes that (a) From the business date hereof until the earlier of the Company termination of this Agreement and the Bank is highly competitiveClosing, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank shall not and for a period shall cause its Affiliates and any of one year following the Expiration Date of Executive’s employment under this Agreement its or earlier termination of such employment, Executive shall their Representatives to not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: indirectly (i) solicit encourage, solicit, initiate, facilitate or continue inquiries, proposals or offers (written or oral) regarding a Company Acquisition Proposal; (ii) enter into discussions or negotiations with, or furnish or disclose any non-public information to, any Person in connection with or that could reasonably be expected to lead to a possible Company Acquisition Proposal; (iii) enter into any agreements, arrangements, understandings or other instruments (whether or not binding) regarding a Company Acquisition Proposal; or (iv) otherwise cooperate in any manner way with, or assist or participate in, or knowingly facilitate or encourage any effort or attempt by any Person to do or seek to obtain the business of do any person who is or was a customer or an active prospective customer of the foregoing. The Company or the Bank during the one-year period prior shall immediately cease and cause to the Expiration Date or Termination Date be terminated and shall cause its Affiliates and all of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior its and their representatives to the Expiration Date or Termination Date of Executive’s employment, or any other person, immediately cease and cause to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early be terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into all existing discussions or negotiations with any customers Persons conducted heretofore with respect to, or active prospective customers that could lead to, a Company Acquisition Proposal. For purposes hereof, “Company Acquisition Proposal” shall mean any inquiry, proposal or offer from any Person (other than Acquiror or any of the Company or the Bank referred to in subparagraph its Affiliates) concerning (i) above regarding their entering into a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction involving the Company; (ii) the issuance or customer relationships acquisition of outstanding shares of capital stock or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers other Equity Securities of the Company Company; or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employersale, if in each such case such discussions and negotiations are not the resultlease, directly or indirectly, of solicitations, inducements, approaches, overtures exchange or other expressions disposition of interest initiated by Executive with such customers all or officers but rather are substantially all of the resultCompany’s properties or assets or equity interests; provided, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerthat no Company Interim Financing shall be deemed to constitute a Company Acquisition Proposal.

Appears in 1 contract

Sources: Merger Agreement (BPGC Acquisition Corp.)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for For a period of one year twelve (12) months following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentyour Separation Date, Executive you shall not, directly or indirectly, individually or together with any other personas an individual proprietor, as ownerpartner, shareholderstockholder, officer, employee, director, joint venturer, investor, memberlender, partner, proprietor, principal, director, officer, executive, manager, agent, representativeconsultant, independent contractor, consultant or otherwise: in any other capacity whatsoever: (i) solicit in recruit, solicit, or hire any manner employee, consultant, agent, director or seek to obtain the business of any person who is or was a customer or an active prospective customer officer of the Company or contact, recruit, solicit or induce, or attempt to contact, recruit, solicit or induce, any employee, consultant, agent, director or officer of the Bank during Company to terminate his/her employment with, or otherwise adversely change, reduce, or cease any relationship with, the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany; or (ii) request solicit, encourage, or advise induce, or cause to be solicited, encouraged or induced, any customerfranchisee, partner, joint venture, supplier, vendor or others contractor who were doing conducted business with the Company or the Bank at any time during the one-two year period prior to preceding the Expiration Date or Termination Date termination of Executive’s employment, or any other personyour employment with the Company, to terminate, reduce, limit terminate or change their adversely modify any business or relationship with the Company or not to proceed with, or enter into, any business relationship with the Bank; or Company, or (iii) inducecontact, request solicit, divert, take away, or attempt to influence contact, solicit, divert or take away, any clients, customers or accounts, or prospective clients, customers or accounts, of the Company, or any of the Company’s business with such clients, customers or accounts, except as agreed upon in writing signed by a duly authorized officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing Company. If any restriction set forth in this Section paragraph is found by any court to be unenforceable because it is overbroad in any manner, such restriction shall be interpreted to extend only over the maximum period of time, range of activities, or any other provision geographic area which the court finds to be enforceable. You acknowledge that the restrictions contained in this paragraph are necessary for the protection of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, business and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers goodwill of the Company and are considered by you to be reasonable for such purpose. You acknowledge that the restrictions contained in this paragraph extend to and expressly prohibit conduct via social media that would violate this paragraph. You further acknowledge that the restrictions set forth in this paragraph do not prevent you from earning a livelihood nor unreasonably impose limitations on your ability to earn a living. As used in this agreement the term “client,” “customer,” or the Bank referred to in subparagraph “accounts” shall include: (i) above regarding their entering into business any person or entity that is a client, customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers account of the Company on the date hereof or becomes a client, customer or account of the Bank referred to in subparagraph Company during the covered period; (ii) any person or entity that was a client, customer or account of the Company at any time during the two-year period preceding the date of your termination; and (iii) above regarding their accepting employment with any prospective client, customer or account to whom the New Employer, if in each such case such discussions and negotiations are not Company has made a presentation (or similar offering of services) within a period of 180 days preceding the result, directly or indirectly, date of solicitations, inducements, approaches, overtures or other expressions the termination of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employeryour employment.

Appears in 1 contract

Sources: Separation Agreement (Minim, Inc.)

Non-Solicitation. Executive recognizes that (a) During the business period commencing on the date hereof and ending on the last day of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year twelfth (12th) full calendar month following the Expiration Date of Executive’s employment under this Agreement Employee's termination for any reason whatsoever including but not limited to involuntary termination (with or earlier termination of such employmentwithout Cause) and/or voluntary termination, Executive shall Employee hereby covenants that he will not, directly or indirectly, individually solicit, entice or together with induce any other person, Customer or Supplier (as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: defined below) of the Company to (i) solicit become a Customer or Supplier of any other person or entity engaged in any manner or seek to obtain the business of activity that competes with any person who is or was a customer or an active prospective customer of business conducted by the Company or the Bank at any time during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business Employee's employment with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentCompany, or any other person, to terminate, reduce, limit or change their business or relationship with planned by the Company or at any time during the Bank; or (iii) induce, request or attempt to influence any officer period of the Company or the Bank to terminate his or her Employee's employment with the Company or (ii) cease doing business with the Bank; providedCompany, however, and Employee agrees that nothing he will not assist any person or entity in taking any action described in the foregoing clauses (i) and (ii). For purposes of this Section or any other provision 6, (A) a “Customer” of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or means any person, corporation, partnership, trust, division, business unit, department or agency which, at the Bank time of termination or within one year prior thereto, shall have expired be or Executive’s employment shall have been early terminateda customer, and within one year after the Expiration Date distributor or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers agent of the Company or shall be or shall have been contacted by the Bank referred Company for the purpose of soliciting it to become a customer, distributor or agent of the Company; and (B) a “Supplier” of the Company means any person, corporation, partnership, trust, division, business unit, department or agency which, at the time of termination or within one year prior thereto, shall be or shall have been a supplier, vendor, manufacturer or developer for any product or service or significant component used in subparagraph (i) above regarding their entering into business any product or customer relationships or opening accounts with service of the New Employer, or Company. (b) engaging in discussions or negotiations with any officers During the period commencing on the date hereof and ending on the last day of the Company twenty- fourth (24th) full calendar month following the Employee's termination for any reason whatsoever, including but not limited to involuntary termination (with or without Cause) and/or voluntary termination, the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the resultEmployee will not, directly or indirectly, induce other employees of solicitations, inducements, approaches, overtures the Company to terminate their employment with the Company or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of engage in any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerCompeting Business.

Appears in 1 contract

Sources: Employee Confidential Information and Noncompetition Agreement

Non-Solicitation. Executive recognizes that the business of Except as necessary, appropriate or desirable to perform his duties to the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such during his employment, Executive Barrack shall notnot during the Restricted Period, without CFI’s prior written consent, (i) directly or indirectly, individually on his own behalf or together with for any other personPerson, as owner, shareholder, investor, member, partner, proprietor, principalknowingly (A) solicit or induce any officer, director, officer, executive, manager, agent, representative, employee or independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer contractor of the Company who is a natural person that provides consulting or the Bank during the one-year period prior advisory services with respect to the Expiration Date sourcing or Termination Date of Executive’s employment; or (ii) request consummating financings or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank investments to terminate his or her relationship with the Company, or (B) hire any such individual whom Barrack knows left the employment of the Company during the previous 12 months or (ii) directly or indirectly, on his own behalf or for any other Person, solicit or induce any investors to terminate (or diminish in any material respect) his, her or its relationship with the Company. For the avoidance of doubt, identification or doing business with or co-investing with any limited partners, investors, financing sources or capital markets intermediaries with regard to activity that is not prohibited by Section 3 above shall not be deemed to be a breach of this Section 4 or otherwise. Barrack shall not be in violation of this Section 4 by reason of providing a personal reference for any officer, director or employee of the Company or soliciting individuals for employment through a general advertisement not targeted specifically to officers, directors or employees of the BankCompany. This Section 4 shall not prohibit Barrack from (x) soliciting or hiring any of the Persons listed on Exhibit 2 attached hereto or (y) engaging the services of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇ during their employment with CFI solely in connection with Permitted Activities engaged in by Barrack; provided, however, that nothing with respect to clause (y), such employees will only provide services in connection with Permitted Activities consistent with services provided prior to the Effective Date. In addition, except as otherwise provided in this Section 4, during the Restricted Period, in the event that Barrack engages the services of any Business Employee in connection with any business of CC following the Effective Date or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment in connection with the Company and/or Permitted Activities engaged in by Barrack, Barrack shall pay a reasonable fee (based on such Business Employee’s then current compensation and cost of providing benefits, relative to the Bank shall have expired or Executiveamount of such Business Employee’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (abusiness time spent performing such services to Barrack) entering into discussions or negotiations with any customers or active prospective customers of to the Company or for the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers services of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerBusiness Employee.

Appears in 1 contract

Sources: Employment Agreement (Colony Financial, Inc.)

Non-Solicitation. Executive recognizes that the business of the Grantee agrees that, while Grantee is employed by any System Company and during the Bank Non-Compete Period (or, if later, the last day Grantee is highly competitivescheduled to receive cash severance payments from Grantee’s System Company employer pursuant to any severance plan or other agreement), and therefore acknowledges and agrees that at all times while employed by except in the Company and/or good faith performance of Grantee’s duties to the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employmentSystem Companies, Executive Grantee shall not, directly or indirectly, individually or together with any other person, than as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: authorized in writing by the General Counsel of the Company: (i) solicit directly or indirectly advise, solicit, induce, hire, encourage or assist in the hiring process, or advise, cause, encourage or assist others to solicit, induce or hire, any manner employee or seek to obtain the business consultant of any person who is or was a customer or an active prospective customer of the System Company or the Bank any individual who was an employee or consultant of any System Company at any time during the onesix-year month period immediately prior to the Expiration Date such action or Termination Date of Executive’s employment; or (ii) request induce, encourage, persuade or advise cause others to induce, encourage, or persuade any customer, supplier, vendor employee or others who were doing business with the consultant of any System Company to cease providing services to any System Company or the Bank during the one-year period prior in any way to the Expiration Date modify such employee’s or Termination Date of Executiveconsultant’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the any System Company or the Bank; or (iii) inducewithin the Restricted Territory, request directly or attempt indirectly solicit the trade, business or patronage of any clients, customers or vendors or prospective clients, customers or vendors of any System Company to influence provide competing products or services or advise, or assist such clients, customers or vendors or prospective clients, customers or vendors to in any officer way modify their relationship with any System Company. The foregoing non-solicitation (A) shall not be violated by general advertising not targeted at the forgoing persons or entities; (B) shall not apply to solicitation of persons involuntarily terminated from System Company employment; and (C) shall only apply to persons or entities (x) who reported directly or indirectly to Grantee; (y) with whom Grantee had material contact while at a System Company; or (z) about whom or which Grantee possessed (1) information regarding quality of performance while they were employed by a System Company, which information Grantee would not otherwise have except for the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment position Grantee held with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New EmployerSystem Company, or (b2) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerConfidential Information.

Appears in 1 contract

Sources: Restricted Stock Units Agreement (Entergy New Orleans, LLC)

Non-Solicitation. Executive recognizes that the business In further consideration of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed payment by the Company and/or the Bank and for a period to Executive of one year following the Expiration Date of Executive’s employment under amounts that may hereafter be paid to Executive pursuant to this Agreement or earlier (including, without limitation, pursuant to Sections 3 and 4 of this Agreement) and other obligations undertaken by the Company hereunder, Executive agrees that during his employment and the one-year period following termination of such employmenthis employment for any reason, Executive he shall not, directly or indirectly: (a) solicit, individually encourage or together attempt to solicit or encourage any of the employees, agents, consultants or representatives of the Company or any of its affiliates to terminate his, her, or its relationship with the Company or such affiliate; (b) solicit, encourage or attempt to solicit or encourage any of the employees of the Company or any of its affiliates to become employees or consultants of any other personperson or entity; (c) solicit, as ownerencourage or attempt to solicit or encourage any of the consultants of the Company or any of its affiliates to become employees or consultants of any other person or entity, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: provided that the restriction in this clause (c) shall not apply if (i) such solicitation, encouragement or attempt to solicit or encourage is in connection with a business which is not a Competing Business and (ii) the consultant’s rendering of services for the other person or entity will not interfere with the consultant’s rendering of services to the Company; (d) solicit or attempt to solicit any manner customer, vendor or distributor of the Company or any of its affiliates with respect to any product or service being furnished, made, sold or leased by the Company or such affiliate, provided that the restriction in this clause (d) shall not apply if such solicitation or attempt to solicit is (i) in connection with a business which is not a Competing Business and (ii) does not interfere with, or conflict with, the interests of the Company or any of its affiliates; or (e) persuade or seek to obtain the business of persuade any person who is or was a customer or an active prospective customer of the Company or any affiliate to cease to do business or to reduce the Bank during amount of business which any customer has customarily done or contemplates doing with the one-year period prior to Company or such affiliate, whether or not the Expiration Date relationship between the Company or Termination Date of its affiliate and such customer was originally established in whole or in part through Executive’s employment; or (ii) request or advise any efforts. For purposes of this Section 5.3 only, the terms “customer, supplier,” “vendor” and “distributor” shall mean a customer, vendor or others distributor who were doing has done business with the Company or any of its affiliates within twelve months preceding the Bank during the one-year period prior to the Expiration Date or Termination Date termination of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank to terminate his or her employment with the Company or the Bank; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employer.

Appears in 1 contract

Sources: Employment Agreement (Nephros Inc)

Non-Solicitation. Executive recognizes that the business of the Company and the Bank (a) For so long as Coty, Aspen or Aspen Sub is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank a Member and for a period one (1) year thereafter, neither Coty, Aspen nor Aspen Sub shall, or shall permit, cause or encourage any of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall notits Affiliates to, directly or indirectly, individually or together with any other personas agent, as owneremployee, shareholderconsultant, investordistributor, memberrepresentative, partner, proprietor, principal, director, officer, executivestockholder, manager, agentpartner or in any other capacity, representativeemploy or engage, independent contractor, or recruit or solicit for employment or engagement (as a consultant or otherwise: ) any employee or any presenter (i) solicit solely in any manner the case of a presenter, for a cosmetics business integrating a direct selling or seek multi-level marketing component similar to obtain the business of any person who is or was a customer or an active prospective customer that of the Company or any of its Subsidiaries) of the Bank during Company or any of its Subsidiaries (provided, that the one-year period prior to (i) solicitation of such employees through the Expiration Date use of general solicitations, including through media advertisements, job boards or Termination Date employment search firms in the ordinary course of Executive’s employment; or business that are not targeted at such employees, or (ii) request solicitation or advise any customerhiring of such employee or presenter if such employee or presenter has ceased to be employed, supplier, vendor retained by or others who were doing business engaged with the Company or the Bank during the one-year period its Subsidiaries for at least six (6) months prior to such solicitation and/or hiring, shall be deemed not to violate the Expiration Date or Termination Date foregoing provisions). The period of Executive’s employmenttime during which the restrictions set forth in this Section 6.6 will be in effect will be extended by the length of time during which a party is in breach of the terms of those provisions as determined by any court of competent jurisdiction. For the avoidance of doubt, or any other person, (a) this provision shall survive the termination of this Agreement and (b) this provision shall not apply to terminate, reduce, limit or change their business or relationship with a Member who acquires all of the Company or the Bank; or (iii) induce, request or attempt to influence any officer Membership Interests of the Company in accordance with this Agreement or otherwise. Notwithstanding the Bank to terminate his or her employment with foregoing, Coty and its Affiliates at any time and without restriction may solicit and re-employ any employee of the Company who originally was an employee of Coty and who was transferred, seconded or otherwise made available to the BankCompany as a consultant or employee after the date hereof; provided, howeverthat Coty shall provide a reasonably acceptable alternative employee as a substitute for any employee so hired or retained; provided, further, that nothing if such employee has been an employee of the Company for more than two (2) years, Coty may only re-employ such employee after six (6) month’s prior notice to the CEO and Coty will consult in good faith with the CEO regarding such re-employment if requested by the CEO. (b) The Members and the Company each acknowledges that a breach or threatened breach of this Section 6.6 would give rise to irreparable harm to the other party, for which monetary damages would not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by such other party of any such obligations, such party shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond). (c) The Members each acknowledges that the restrictions contained in this Section 6.6 are reasonable and necessary to protect the legitimate interests of the other party and constitute a material inducement to such party to enter into this Agreement and consummate the transactions contemplated hereby. In the event that any covenant contained in this Section 6.6 should ever be adjudicated to exceed the time, geographic, product or service, or other limitations permitted by applicable Requirement of Law in any jurisdiction, then any court is expressly empowered to reform such covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or service, or other limitations permitted by applicable Requirement of Law. The covenants contained in this Section 6.6 and each provision hereof are severable and distinct covenants and provisions. The invalidity or unenforceability of any such covenant or provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such covenant or provision in any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerjurisdiction.

Appears in 1 contract

Sources: Contribution Agreement (Coty Inc.)

Non-Solicitation. Executive recognizes that Employee acknowledges that, because of the business nature of Employee’s work for the Company, Employee’s solicitation, serving or retention of certain customers, clients, vendors, suppliers, distributors or consultants (each such person or entity, a “Customer or Supplier”) or employees related to Employee’s work for the Company and its Affiliates relating to the Business would necessarily involve the unauthorized use or disclosure of Confidential Information, and the proprietary relationships and goodwill of the Company and the Bank is highly competitiveits Affiliates. Accordingly, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year two years following the Expiration Date termination of ExecutiveEmployee’s employment under this Agreement with the Company, Employee shall not, with respect to the Business, directly or earlier indirectly, solicit, provide services to or retain any Customer or Supplier of the Company or its Affiliates with which the Company or its Affiliates engaged in business transactions during the two-year period prior to termination of such employmentEmployee’s employment with the Company, Executive provided that the restrictions contained in this sentence shall only apply to those activities described in clauses (1) and (2) of Section 9. Employee further agrees that for a period of two years following the termination of Employee’s employment with the Company, Employee shall not, directly or indirectly, individually or together with any other personsolicit, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentinduce, or attempt to solicit or induce, any other personCustomer or Supplier or employee to terminate his, to terminate, reduce, limit her or change their business or its relationship with the Company (including its Affiliates) relating to the Business for any purpose, including the purpose of associating with or the Bank; or (iii) becoming a Customer or Supplier or employee, whether or not exclusive, of Employee or any entity of which Employee is or becomes a partner, stockholder, principal, member, officer, director, principal, agent, trustee or consultant, or otherwise solicit, induce, request or attempt to influence solicit or induce any officer of the Company such Customer or the Bank Supplier or employee to terminate his his, her or her employment its relationship with the Company or relating to the Bank; provided, however, that nothing in this Section or Business for any other provision of this Agreement shall preclude purpose or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerno purpose.

Appears in 1 contract

Sources: Employment Agreement (Zindart LTD)

Non-Solicitation. Non‑Interference and Non‑Competition. As a means to protect the Company Entities’ legitimate business interests including protection of the “Confidential Information” (as defined in Section 6.3(a)) of any Company Entity (the Executive recognizes hereby agreeing and acknowledging that the business activities prohibited by this Article VI would necessarily involve the use of Confidential Information), during the Company and “Restricted Period” (as defined below), the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly directly, indirectly or indirectlyas an agent on behalf of any person, individually firm, partnership, corporation or together with other entity: (a) solicit for employment, consulting or any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant provision of services or otherwise: (i) solicit in any manner or seek to obtain the business of hire any person who is a full‑time or part‑time employee of (or in the preceding six (6) months was a customer employed by) any Company Entity or an active prospective customer individual performing, on average, twenty or more hours per week of the personal services as an independent contractor to any Company Entity. This includes, without limitation, inducing or the Bank during the one-year period prior attempting to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employmentinduce, or influencing or attempting to influence, any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request or attempt to influence any officer of the Company or the Bank such person to terminate his or her employment or performance of services with the or for any Company or the BankEntity; provided, however, that nothing in this Section or any other provision of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions (x) solicit or negotiations encourage any person or entity who is or, within the prior six (6) months, was a customer, producer, advertiser, distributor or supplier of any Company Entity during the Employment Period to discontinue such person’s or entity’s business relationship with the Company Entity; or (y) discourage any officers prospective customer, producer, advertiser, distributor or supplier of any Company Entity from becoming a customer, producer, advertiser, distributor or supplier of the Company Entity; or (c) hold any interest in (whether as owner, investor, shareholder, lender or otherwise) or perform any services for (whether as employee, consultant, advisor, director or otherwise), including the service of providing advice for, a Competitive Business. For the purposes of this Agreement, a “Competitive Business” shall be any entity that directly 10 Exhibit 10.1 or through subsidiaries in which it has a controlling interest operates a cable, satellite or broadband communications system that is in direct competition with the Parent or the Bank referred to in subparagraph Company. (iiid) above regarding their accepting The “Restricted Period” shall begin on the Effective Date and shall expire on the first anniversary of the Executive’s termination of employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerall Company Entities.

Appears in 1 contract

Sources: Employment Agreement

Non-Solicitation. For a period of two (2) years after the date hereof, the Executive recognizes that shall not, directly, or indirectly, either as an individual, proprietor, stockholder, partner, officer, director, manager, member, employee or otherwise, solicit: (a) any officer, director, employee, consultant, or other individual; (i) To leave his or her employment or position with the Company or any of its Subsidiaries; (ii) To compete with the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank and for a period of one year following the Expiration Date of Executive’s employment under this Agreement or earlier termination of such employment, Executive shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bankof its Subsidiaries; or (iii) induceTo violate the terms of any employment; non-competition or similar agreement with the Company or any of its Subsidiaries; and (b) vendors, request customers or attempt to influence any officer professionals; (i) To compete with the business of the Company or any of its Subsidiaries; (ii) To violate the Bank to terminate his or her employment terms of any agreement with the Company or any of its Subsidiaries; (iii) To change his, her or its relationship with the Bank; Company or any of its Subsidiaries. For purposes of this paragraph, references to the business of the Company shall include the business of the Company, and its Subsidiaries. A breach of the Company's obligations to pay the retirement benefits specified by Section 3 of this Agreement, or a failure by the Company to take all reasonable steps to permit the transfers of stock and the removal of the restrictive legend as provided by Section 12 of this Agreement, which is not cured within ten (10) days after the Company has received written notice of such breach, will cause the Executive's obligations under this Section 6 to be null and void, provided, however, that nothing if the Executive is in this Section breach of any of his obligations, agreements or any other provision of duties under this Agreement shall preclude or prohibit Executiveprior to any such breach by the Company, if Executive’s Term of employment with for which breach by the Company and/or the Bank shall have expired or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers of the Company or a Subsidiary has obtained injunctive relief, whether as a temporary restraining order (other than an ex parte order without at least three (3) days prior written notice to the Bank referred to Executive), preliminary injunction or permanent injunction, then the Executive's obligations under this Section 7 shall remain in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with full force and effect notwithstanding such breach by the New Employer, or (b) engaging in discussions or negotiations with any officers Company pending final adjudication of the Company or the Bank referred to parties' respective rights in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New Employerlitigation.

Appears in 1 contract

Sources: Retirement Agreement (Nathaniel Energy Corp)

Non-Solicitation. Executive recognizes (a) Neither Party will solicit and/or offer employment to or hire as a contractor for service, nor accept for employment or hire as a contractor for service, the other Party’s personnel, including independent contractors during the Term of this Agreement and for a period continuing for twelve (12) months subsequent to the termination of the Agreement inclusive of any extension thereof; provided, however, that the business of foregoing restriction shall not apply to solicitations directed at the Company and public in general. (b) During the Bank is highly competitive, and therefore acknowledges and agrees that at all times while employed by the Company and/or the Bank Term and for a period of one year following twelve (12) months after the Expiration Date effective date of Executive’s employment under this Agreement or earlier the termination of such employmentthis Agreement, Executive Seller shall not, directly or indirectly, individually or together with any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representative, independent contractor, consultant or otherwise: not (i) solicit directly or intentionally indirectly through another Reseller solicit, accept, transact, or attempt to obtain business from any Customer of Master Distributor; (ii) directly or intentionally indirectly through another Reseller assist or aid any other party in the solicitation, acceptance or transaction of or any manner or seek attempt to obtain the business of any person who is Customer of Master Distributor; or was a customer or an active prospective customer of the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customer, supplier, vendor or others who were doing business with the Company or the Bank during the one-year period prior to the Expiration Date or Termination Date of Executive’s employment, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induce, request directly or attempt to influence intentionally indirectly through another Reseller accept the business of any officer Customer of Master Distributor (it is the intention of the Company or Parties that Seller may not avoid enforcement of the Bank to terminate his or her employment with non-solicitation provisions set forth herein by claiming that Seller merely accepted the Company or business of any Customer of Master Distributor). (c) The Parties acknowledge that any breach of the Bank; provided, however, that nothing non-solicitation provisions contained in this Section or 13.18 may result in serious and irreparable injury to the non-breaching Party. Therefore, the Parties acknowledge and agree that in the event of a breach of the non-solicitation obligations set forth herein, the non-breaching Party shall be entitled, in addition to any other provision of this Agreement shall preclude remedy at law or prohibit Executivein equity to which such Party may be entitled, if Executive’s Term of employment to seek equitable relief against the breaching Party, including an injunction to restrain such breaching Party from such breach and to compel compliance with the Company and/or the Bank shall have expired obligations hereunder, without any requirement to post bond or Executive’s employment shall have been early terminated, and within one year after the Expiration Date or Termination Date, Executive shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective customers other form of security. The right of the Company or Parties to pursue equitable relief hereunder will not be subject to the Bank referred to arbitration provisions set forth in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts with the New Employer, or (b) engaging in discussions or negotiations with any officers of the Company or the Bank referred to in subparagraph (iii) above regarding their accepting employment with the New Employer, if in each such case such discussions and negotiations are not the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerSection 13.13.

Appears in 1 contract

Sources: Master Distribution Agreement (Creative Realities, Inc.)

Non-Solicitation. Executive recognizes I agree that the business of the Company and the Bank is highly competitive, and therefore acknowledges and agrees that at all times while I am employed by the Company and/or the Bank and for a period of one year immediately following the Expiration Date of Executive’s employment under this Agreement or earlier any such termination of my employment with the Company, (i) intentionally solicit, induce, recruit or encourage any employee of the Company or independent contractor of the Company who provides services to or on behalf of the Company to leave his, her or its employment or engagement with the Company, or attempt to solicit, recruit, or take away any such employees or independent contractors (or induce or encourage any such employee or independent contractor to terminate its employment or engagement with the Company); provided that after termination or expiration of my employment, Executive this provision shall notonly apply to those employees or independent contractors of the Company who (A) are current employees or independent contracts of the Company and (B) were such at any time within 12 months prior to the date of such termination or expiration, directly (ii) intentionally interfere in any manner with the contractual or indirectly, individually or together with employment relationship between the Company and any other person, as owner, shareholder, investor, member, partner, proprietor, principal, director, officer, executive, manager, agent, representativeemployee, independent contractor, consultant Customer (as defined below) or otherwise: (i) solicit in any manner or seek to obtain the business of any person who is or was a customer or an active prospective customer supplier of the Company or the Bank during the one-year period prior cause any such employee, independent contractor, Customer or supplier to the Expiration Date or Termination Date of Executive’s employment; or (ii) request or advise any customercease employment with, supplier, vendor or others who were cease doing business with or reduce the amount of business it does with the Company; provided that after termination or expiration of my employment, this provision shall apply only to the employees, independent contractors, Customers or suppliers of the Company who (A) are current employees, independent contractors, Customers or suppliers of the Bank during the one-year period Company and (B) were such at any time within 12 months prior to the Expiration Date such termination or Termination Date of Executive’s employmentexpiration, or any other person, to terminate, reduce, limit or change their business or relationship with the Company or the Bank; or (iii) induceafter termination or expiration of my employment, request hire or attempt to influence otherwise employ any officer employee of the Company or independent contractor of the Bank Company who provides services to terminate his or her employment with on behalf of the Company or the Bank; provided, however, that nothing in this Section who has provided services to or any other provision on behalf of this Agreement shall preclude or prohibit Executive, if Executive’s Term of employment with the Company and/or at any time during the Bank shall have expired prior three month period, or Executive’s employment shall have been early terminated(iv) whether as a direct solicitor or provider of such services or products, and or in a management or supervisory capacity over others who solicit or provide such services or products, intentionally solicit or provide services or products that fall within one year the definition of Restricted Business to any Customer of the Company; provided that after the Expiration Date expiration or Termination Datetermination of my employment, Executive this provision shall have accepted employment with a successor employer (“New Employer”), from (a) entering into discussions or negotiations with any customers or active prospective only apply to those customers of the Company who are current Customers and were Customers at any time within 12 months prior to the termination or the Bank referred to in subparagraph (i) above regarding their entering into business or customer relationships or opening accounts expiration of my employment with the New EmployerCompany. “Customer” shall mean those persons or affiliates to which the Company has rendered services or provided products within the last three months that fall within the definition of Restricted Business (including, or (b) engaging in discussions or negotiations with any officers for the avoidance of doubt, commercial clients of the Company or that provide vehicles to the Bank referred to Company in subparagraph (iii) above regarding their accepting employment connection with the New Employer, if in services provided by the Company). The terms “Cause” and “Good Reason” shall have the respective meanings signed to each such case such discussions and negotiations are not term in the result, directly or indirectly, of solicitations, inducements, approaches, overtures or other expressions of interest initiated by Executive with such customers or officers but rather are the result, directly or indirectly, of any one or more such actions taken by such customers or such officers with Executive in his capacity as an employee of New EmployerEmployment Agreement.

Appears in 1 contract

Sources: Employment Agreement (Acamar Partners Acquisition Corp.)