Protective Covenant definition

Protective Covenant means, with respect to the several Shareholder Agreements, the provisions of Section 4 thereof, pursuant to which each Participating Shareholder undertakes certain obligations as set forth in the relevant agreements. References in this Agreement to the Protective Covenants shall not be deemed to limit, expand or otherwise modify the terms of the several Protective Covenants, each of which shall be construed as between HomeStreet and the individual party as set forth therein.
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Protective Covenant. As a condition of your employment, you agree that, during the period of your employment with the Company and for a period of one year thereafter, you will not (a) solicit any of the clients or prospective clients of the Company or its subsidiaries and affiliates, (b) engage in any activities of employment with any business involved in providing the type of consulting services then provided by the Company or its subsidiaries and affiliates, and (c) solicit or hire any employee of the Company (or any individual who was an employee of the Company or its subsidiaries and affiliates during the year preceding such solicitation or hire). In addition, you agree at all times, both during the term of your employment and at any time thereafter, not to disclose to any person not employed by the Company or its subsidiaries and affiliates any confidential or proprietary business information, except as may be required by your duties as Vice President, General Counsel and Secretary. Moreover, if requested by the Company, you agree to sign its standard Protective Covenant encompassing the foregoing agreements.
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Examples of Protective Covenant in a sentence

  • Should any part or provision of any of the Protective Covenants be held invalid, void, or unenforceable, such invalidity, voidness, or unenforceability shall not render invalid, void, or unenforceable any other part or provision of this Agreement or such Protective Covenant.

  • The parties acknowledge that any breach or threatened breach of a Protective Covenant by the Executive is reasonably likely to result in irreparable injury to the Company, and therefore, in addition to all remedies provided at law or in equity, the Executive agrees that the Company shall be entitled to a temporary restraining order and a permanent injunction to prevent a breach or contemplated breach of the Protective Covenant.

  • The unenforceability of any Protective Covenant shall not affect the validity or enforceability of any other Protective Covenant or any other provision or provisions of this Agreement.

  • The existence of any claim, demand, action or cause of action of the Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of each Protective Covenant.

  • In addition, Executive acknowledges and agrees that any breach of a Protective Covenant by him will cause irreparable damage to the Company and/or its affiliates, the exact amount of which will be difficult to determine, and that the remedies at law for any such breach will be inadequate.

  • During the Protective Covenant Period, the Employee shall not, directly or indirectly, as an employee, independent contractor, consultant, officer, director, principal, lender or investor engage or otherwise participate in any activities with, or provide services to, a Competitive Business, without the prior written consent of the Senior Vice President, Human Resources or other designated executive officer of the Corporation (which consent shall be at such officer’s discretion to give or withhold).

  • The unenforceability of any Protective Covenant shall not affect the validity or enforceability of any other Protective Covenant or any other provision or provisions of this Letter Agreement.

  • The existence of any claim, demand, action or cause of action of you against the Company or any of its affiliates, whether predicated on this Letter Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of each Protective Covenant.

  • Executive acknowledges that a breach of a Protective Covenant set forth in Section 10 hereof will cause irreparable damage to the Company with respect to which the Company’s remedy at law for damages will be inadequate.

  • In Section 5.b.(v), “Employee” means any employee on the Company’s payroll during the Protective Covenant time period specified in Section 5.b.(v).

Related to Protective Covenant

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Restrictive Covenants means the restrictive covenants contained in Section 12(c) hereof.

  • Restrictive Covenant Agreement means any agreement (including, without limitation, this Award Agreement), and any attachments or schedules thereto, entered into by and between the Participant and the Company or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation, non-disparagement and/or non- disclosure of confidential or proprietary information, in order to protect the business of the Company and its Affiliates.

  • Restrictive Covenant Agreements is defined in the Recitals.

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.