Soliciting Activity definition
Examples of Soliciting Activity in a sentence
For the avoidance of doubt, any engagement by the Employee in a Competitive Activity or Soliciting Activity subsequent to the vesting of Shares of Restricted Stock in accordance with this paragraph shall have no effect on such vested Shares.
In the event that the Employee engages in a Competitive Activity or Soliciting Activity during the Period of Restriction, all Shares of Restricted Stock subject to the Period of Restriction and not theretofore vested in accordance herewith shall be forfeited, subject to the provisions of paragraph 1(d).
If you are terminated without Cause (as defined in Section 3), your RSAs will become transferable on the scheduled vesting date regardless of any subsequent Competitive Activity or Soliciting Activity.
Your Transition Stock Grant will become transferable in five equal, annual installments beginning on the first anniversary of the grant date so long as you do not engage in a Competitive Activity or Soliciting Activity prior to such time.
If you are terminated by Buyer without Cause, your Transition Stock Grant will be paid on the scheduled payment date regardless of any subsequent Competitive Activity or Soliciting Activity.
As modified, your RSAs would still become vested on the originally scheduled vesting date, so long as you do not engage in a Competitive Activity or Soliciting Activity (each as defined in Section 3) until that time.
Instead, your Company Retention RSA Grant will still be settled on the scheduled payment date so long as you do not engage in a Competitive Activity or Soliciting Activity until that time (as such terms are defined in the agreement attached as Annex 3 to your Waiver Letter.
If you are terminated by the Company without Cause, your Company Retention RSA Grant will be paid on the scheduled payment date regardless of any subsequent Competitive Activity or Soliciting Activity.
Wealth Accumulation Plan (the “SWAP”) or an alternative agreement not to compete, the shares of Restricted Stock subject to this Award Agreement shall become freely transferable by the Participant on the date and in the amount set forth under the applicable Lapse of Restriction Date above, so long as the Participant does not engage in a Competitive Activity or Soliciting Activity (each as defined in the SWAP), or an alternative agreement not to compete.
Subject to the terms and conditions of this Agreement and those of the Plan, the Period of Restriction applicable to the total number of Shares of Restricted Stock shall commence on the Grant Date and shall lapse with respect to one-third (1/3) of such total number of Shares on each of the first, second and third anniversaries of the Grant Date, provided that with respect to each such installment, that the Employee has not engaged in a Competitive Activity or Soliciting Activity prior to such time.