Common use of Protective Agreement Clause in Contracts

Protective Agreement. If not previously completed, Executive agrees to execute a Protective Agreement (Non-Competition, Non-Solicitation, Confidential Information/Trade Secrets, Intellectual Property) (the “Protective Agreement”) in the form in use as of the date hereof with other senior leaders of the Company, to be effective upon the Effective Date; provided, however, that the Restricted Period in the Protective Agreement shall be deemed to be twenty-four (24) months, in lieu of the 12 months stated therein.

Appears in 1 contract

Sources: Employment Agreement (Hormel Foods Corp /De/)

Protective Agreement. If not previously completed, Executive agrees to execute a Protective Agreement (Non-Competition, Non-Solicitation, Confidential Information/Trade Secrets, Intellectual Property) (the “Protective Agreement”) in the form in use as of the NAI-5001169150v5 date hereof with other senior leaders of the Company, to be effective upon the Effective Date; provided, however, that the Restricted Period in the Protective Agreement shall be deemed to be twenty-four (24) 24 months, in lieu of the 12 months stated therein.

Appears in 1 contract

Sources: Employment Agreement (Hormel Foods Corp /De/)