Common use of Repurchase Event Clause in Contracts

Repurchase Event. For purposes of this Agreement, a Repurchase Event means any one of the following events: (i) If at any time from the effective date of the Employment Agreement through the two (2) year anniversary of the Termination Date, Executive directly or indirectly through another entity (A) induces or attempts 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 Affiliate, together with RSI, a “Designated Affiliate”) to leave the employ of the Company or such Designated Affiliate; (B) hires or employs any person who was an employee of the Company or any Designated Affiliate at any time during the from the effective date of the Employment Agreement through the Termination Date; (C) calls on, solicits, or services any customer, supplier, licensee, licensor or other business relation or

Appears in 2 contracts

Sources: Employment Agreement (Rackable Systems, Inc.), Employment Agreement (Rackable Systems, Inc.)