Examples of Restricted Covenant Period in a sentence
For the purposes of this Section 8, the term "Restricted Covenant Period" shall mean the period commencing on the date hereof and terminating on the later of: (a) the termination of the Employee's employment or (b) the end of any period during which the Employee is paid his Base Salary pursuant to Section 5(e).
The Employee further agrees that during the Restricted Covenant Period the Employee will not knowingly, directly or indirectly, (a) solicit the employment of any employee of the Company who was such at any time during the last twelve (12) months of the Employee's employment with the Company, or (b) induce any employee of the Company to leave the employ of the Company, unless in each case the Employee obtains the prior written consent of the Company.
In the event a Participant has engaged in any Detrimental Activity or, if applicable, any Post-Retirement Activity, prior to or during the twelve months after the Payment Date with respect to any Installment (the “Restrictive Covenant Period”), the right to payment of the Award Payment attributable to such Installment may be rescinded by the Committee within two years of the end of the Restricted Covenant Period.
In the event a Participant has engaged in any Competitive Activity or, if applicable, any Post-Retirement Activity, prior to, or during the twelve months after, the Payment Date with respect to any Installment (the “Restrictive Covenant Period”), the right to payment of the Award Payment attributable to such Installment may be rescinded by the Committee within two years of the end of the Restricted Covenant Period.
If Consultant violates any of the restrictions contained in this Section IV, the Restricted Covenant Period shall be suspended and shall not run in favor of Consultant until such time that Consultant cures the violation to the satisfaction of the Company and the period of time in which Consultant is in breach shall be added to the Restricted Covenant Period applicable to such covenant(s).
The Employee further agrees that during ----------------------------- the Restricted Covenant Period the Employee will not knowingly, directly or indirectly, (a) solicit the employment of any employee of the Company who was such at any time during the last twelve (12) months of the Employee's employment with the Company, or (b) induce any employee of the Company to leave the employ of the Company, unless in each case the Employee obtains the prior written consent of the Company.
The Employee further agrees that during the Restricted Covenant Period he will not knowingly, directly or indirectly, (a) solicit the employment of any employee, agent or consultant of the Company who was such at any time during the last twelve months of the Employee's employment with the Company, or (b) induce any employee of the Company to leave the employ of the Company, unless in each case the Employee obtains the prior written consent of the Company.
For the purposes of Section 9.1, the term "Restricted Covenant Period" shall mean the period commencing on the date hereof and terminating on the date 12 months after the Executive's service to the Company ends.
Consultant understands that the covenants in Section IV may limit Consultant’s ability to engage in certain businesses anywhere in or involving the Restricted Area during the Restricted Covenant Period, but Consultant acknowledges that Consultant shall receive Confidential Information, as well as sufficiently high remuneration from the Company to justify such restrictions.
In the event a Participant has engaged in any Detrimental Activity or, if applicable, any Post-Retirement Activity, prior to, or during the twelve months after, the Payment Date with respect to any Installment (the “Restrictive Covenant Period”), the right to payment of the Award Payment attributable to such Installment may be rescinded by the Committee within two years of the end of the Restricted Covenant Period.