Common use of Preserving Name and Reputation Clause in Contracts

Preserving Name and Reputation. You will not at any time in the future defame, disparage or make statements or disparaging remarks which could embarrass or cause harm to XxxxXxxxx’x name and reputation or the names and reputation of any of its officers, directors, representatives, agents, employees or XxxxXxxxx’x current, former or prospective vendors, professional colleagues, professional organizations, associates or contractors, or to the press or media. Disparagement means the form and substance of any communication, regardless of whether or not you believe it to be true, that tends to degrade or belittle XxxxXxxxx or subject it to ridicule or embarrassment. You agree this paragraph is a material provision of this Separation Agreement and that in the event of breach, you will be liable for the return of the value of all consideration received as well as any other damages sustained by XxxxXxxxx. This paragraph does not apply to statements made under penalty of perjury; however, you agree to give advance notice to XxxxXxxxx of such an event, to the extent practicable.

Appears in 3 contracts

Samples: Employment Agreement (Sandridge Energy Inc), Employment Agreement (Sandridge Energy Inc), Employment Agreement

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Preserving Name and Reputation. You will not at any time in the future defame, disparage or make statements or disparaging remarks which could embarrass or cause harm to XxxxXxxxx’x name and reputation or the names and reputation of any of its officers, directors, representatives, agents, employees or XxxxXxxxx’x current, former or prospective vendors, professional colleagues, professional organizations, associates or contractors, to any governmental or regulatory agency or to the press or media. Disparagement “Disparagement” as used in the preceding sentence means the form and substance of any communication, regardless of whether or not you believe it to be true, that tends to degrade or belittle XxxxXxxxx or subject it to ridicule or embarrassment. You agree this paragraph is a material provision of this Separation Agreement and that in the event of breach, you will be liable for the return of the value of all consideration received as well as any other damages sustained by XxxxXxxxx. This paragraph 10 does not apply to statements made under penalty of perjury; however, however you agree to give advance notice to XxxxXxxxx of such an event, to the extent practicable.

Appears in 1 contract

Samples: General Release (Sandridge Energy Inc)

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