Common use of Restrictive Covenant Agreements Clause in Contracts

Restrictive Covenant Agreements. Participant acknowledges and affirms that: (i) Participant is subject to non-competition, non-solicitation and/or confidentiality provisions set forth in one or more agreements with the Company or any of its Affiliates (including, as applicable, employment, consulting or advisory contracts; confidentiality and nondisclosure agreements; or other agreements; in each case as may be amended, supplemented or replaced from time to time) (collectively, the “Restrictive Covenant Agreements”); (ii) this RSU award is granted in consideration of Participant’s agreement to be bound by the Participant’s Restrictive Covenant Agreements; (iii) if the Company requests that Participant execute updated Restrictive Covenant Agreements, the vesting of this RSU award is conditioned on Participant’s execution and delivery of such updated Restrictive Covenant Agreements in a manner and by a date satisfactory to the Company in its sole discretion, and the failure of Participant to so execute and deliver any such requested updated Restrictive Covenant Agreement by such date will result in the immediate cancellation of, and automatic forfeiture of any rights Participant may have with respect to, this RSU award; and (iv) Participant agrees to comply with the restrictions and obligations set forth in Participant’s Restrictive Covenant Agreements.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Idexx Laboratories Inc /De), Employee Leveraged Restricted Stock Unit Agreement (Idexx Laboratories Inc /De), Restricted Stock Unit Agreement (Idexx Laboratories Inc /De)

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Restrictive Covenant Agreements. Participant Optionee acknowledges and affirms that: (i) Participant Optionee is subject to non-competition, non-solicitation and/or confidentiality provisions set forth in one or more agreements with the Company or any of its Affiliates (including, as applicable, employment, consulting or advisory contracts; confidentiality and nondisclosure agreements; or other agreements; in each case as may be amended, supplemented or replaced from time to time) (collectively, the “Restrictive Covenant Agreements”); (ii) this RSU award Option is granted in consideration of ParticipantOptionee’s agreement to be bound by the ParticipantOptionee’s Restrictive Covenant Agreements; (iii) if the Company requests that Participant Optionee execute updated Restrictive Covenant Agreements, the vesting of this RSU award Option is conditioned on ParticipantOptionee’s execution and delivery of such updated Restrictive Covenant Agreements in a manner and by a date satisfactory to the Company in its sole discretion, and the failure of Participant Optionee to so execute and deliver any such requested updated Restrictive Covenant Agreement by such date will result in the immediate cancellation of, and automatic forfeiture of any rights Participant Optionee may have with respect to, this RSU awardOption; and (iv) Participant Optionee agrees to comply with the restrictions and obligations set forth in ParticipantOptionee’s Restrictive Covenant Agreements.

Appears in 2 contracts

Samples: Employee Stock Option Agreement (Idexx Laboratories Inc /De), Ceo Stock Option Agreement (Idexx Laboratories Inc /De)

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Restrictive Covenant Agreements. Participant acknowledges and affirms that: (i) Participant is may be subject to non-competition, non-solicitation and/or confidentiality provisions set forth in one or more agreements with the Company or any of its Affiliates (including, as applicable, employment, consulting or advisory contracts; confidentiality and nondisclosure agreements; or other agreements; in each case as may be amended, supplemented or replaced from time to time) (collectively, the “Restrictive Covenant Agreements”); (ii) this RSU award is granted in consideration of Participant’s agreement to be bound by the Participant’s Restrictive Covenant Agreements; (iii) if the Company requests that Participant execute updated Restrictive Covenant Agreements, the vesting of this RSU award is conditioned on Participant’s execution and delivery of such updated Restrictive Covenant Agreements in a manner and by a date satisfactory to the Company in its sole discretion, and the failure of Participant to so execute and deliver any such requested updated Restrictive Covenant Agreement by such date will result in the immediate cancellation of, and automatic forfeiture of any rights Participant may have with respect to, this RSU award; and (iv) Participant agrees to comply with the restrictions and obligations set forth in Participant’s Restrictive Covenant Agreements, if any.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Idexx Laboratories Inc /De)

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