Common use of Prohibition Against Solicitation of Customers Clause in Contracts

Prohibition Against Solicitation of Customers. Ancillary to the grant of the Option, to protect the Company’s goodwill, and in consideration for the grant of the Option and any transfer of Common Stock pursuant to any exercise of the Option by you, by accepting the Option you agree that, in the discretion of the Committee, the Option may be forfeited in whole or in part and/or certain proceeds of exercises under the option may be recouped pursuant to Section 13 if within eighteen (18) months following the date you incur a Termination of Employment for any reason, you call on, service, solicit, or accept competing business from customers of the Company or any of its Affiliates with whom you, within the previous eighteen (18) months, (i) had or made contact, or (ii) had access to information and files regarding.

Appears in 2 contracts

Samples: Employee Nonqualified Stock Option Award Agreement (Geospace Technologies Corp), Employee Incentive Stock Option Award Agreement (Geospace Technologies Corp)

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Prohibition Against Solicitation of Customers. Ancillary to the grant of the Option, to protect the Company’s goodwill, and in consideration for the grant of the Option and any transfer of Common Stock pursuant to any exercise of the Option by you, by accepting the Option you agree that, in the discretion of the Committee, the Option may be forfeited in whole or in part and/or certain proceeds of exercises under the option may be recouped pursuant to Section 13 9 if within eighteen (18) months following the date you incur a Termination of Employment Service for any reason, you call on, service, solicit, or accept competing business from customers of the Company or any of its Affiliates with whom you, within the previous eighteen (18) months, (i) had or made contact, or (ii) had access to information and files regarding.

Appears in 1 contract

Samples: Consultant Nonqualified Stock Option Award Agreement (Geospace Technologies Corp)

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Prohibition Against Solicitation of Customers. Ancillary to the grant of the Option, to protect the Company’s goodwill, and in consideration for the grant of the Option and any transfer of Common Stock pursuant to any exercise of the Option by you, by accepting the Option you agree that, in the discretion of the CommitteeBoard, the Option may be forfeited in whole or in part and/or certain proceeds of exercises under the option may be recouped pursuant to Section 13 9 if within eighteen (18) months following the date you incur a Termination termination of Employment service on the Board for any reason, you call on, service, solicit, or accept competing business from customers of the Company or any of its Affiliates with whom you, within the previous eighteen (18) months, (i) had or made contact, or (ii) had access to information and files regarding.

Appears in 1 contract

Samples: Director Nonqualified Stock Option Award Agreement (Geospace Technologies Corp)

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