Common use of PROVISO Clause in Contracts

PROVISO. It is agreed that these covenants do not prevent Executive from using and offering the general management or other skills that he possessed prior to receiving access to Confidential Information and knowledge from the Company. This Agreement creates an advance approval process, and nothing herein is intended, or will be construed as, a general restriction against Executive’s pursuit of lawful employment in violation of any controlling state or federal laws. Executive is permitted to engage in activities that would otherwise be prohibited by this covenant if such activities are determined in the sole discretion of the Board of the Company, and authorized in writing, to be of no material threat to the legitimate business interests of the Company.

Appears in 11 contracts

Samples: Confidentiality and Non Competition Agreement (Newpark Resources Inc), Ancillary Agreement (Newpark Resources Inc), Confidentiality and Non Competition Agreement (Newpark Resources Inc)

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PROVISO. It is agreed that these covenants do not prevent Executive from using and offering the general management or other skills that he possessed prior to receiving access to Confidential Information and knowledge from the Company. This Agreement creates an advance approval process, and nothing herein is intended, or will be construed as, a general restriction against Executive’s pursuit of lawful employment in violation of any controlling state or federal laws. Executive is permitted to engage in activities that would otherwise be prohibited by this covenant if such activities are determined in the sole discretion of the Board Chief Executive Officer of the Company, and authorized in writing, to be of no material threat to the legitimate business interests of the Company.

Appears in 10 contracts

Samples: Ancillary Agreement (Newpark Resources Inc), Ancillary Agreement (Newpark Resources Inc), Confidentiality and Non Competition Agreement (Newpark Resources Inc)

PROVISO. It is agreed that these covenants do not prevent Executive from using and offering the general genera! management or other skills that he possessed prior to receiving access to Confidential Information and knowledge from the Company. This Agreement creates an advance approval process, and nothing herein is intended, or will be construed as, a general restriction against Executive’s pursuit of lawful employment in violation of any controlling state or federal laws. Executive is permitted to engage in activities that would otherwise be prohibited by this covenant if such activities are determined in the sole discretion of the Board of the Company, and authorized in writing, to be of no material threat to the legitimate business interests of the Company.

Appears in 1 contract

Samples: Non Competition Agreement (Newpark Resources Inc)

PROVISO. It is agreed that these covenants do not prevent Executive from using and offering the general management or other skills that he she possessed prior to receiving access to Confidential Information and knowledge from the Company. This Agreement creates an advance approval process, and nothing herein is intended, or will be construed as, a general restriction against Executive’s pursuit of lawful employment in violation of any controlling state or federal laws. Executive is permitted to engage in activities that would otherwise be prohibited by this covenant if such activities are determined in the sole discretion of the Board Chief Executive Officer of the Company, and authorized in writing, to be of no material threat to the legitimate business interests of the Company.

Appears in 1 contract

Samples: Non Competition Agreement (Newpark Resources Inc)

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PROVISO. It is agreed that these covenants do not prevent Executive from using and offering the general management or other skills that he she possessed prior to receiving access to Confidential Information and knowledge from the Company. This Agreement creates an advance approval process, and nothing herein is intended, or will be construed as, a general restriction against Executive’s pursuit of lawful employment in violation of any controlling state or federal laws. Executive is permitted to engage in activities that would otherwise be prohibited by this covenant if such activities are determined in the sole discretion of the Board of the Company, and authorized in writing, to be of no material threat to the legitimate business interests of the Company.

Appears in 1 contract

Samples: Non Competition Agreement (Newpark Resources Inc)

PROVISO. It is agreed that these covenants do not prevent Executive Employee from using and offering the general management or other skills that he or she possessed prior to receiving access to Confidential Information and knowledge from the Company. This Agreement creates an advance approval process, and nothing herein is intended, or will be construed as, a general restriction against ExecutiveEmployee’s pursuit of lawful employment in violation of any controlling state or federal laws. Executive Employee is permitted to engage in activities that would otherwise be prohibited by this covenant if such activities are determined in the sole discretion of the Board Chief Executive Officer of the Company, and authorized in writing, to be of no material threat to the legitimate business interests of the Company.

Appears in 1 contract

Samples: Participation Agreement (Newpark Resources Inc)

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