TSPI definition
Examples of TSPI in a sentence
This Agreement, including the TSPI Agreement set forth in Exhibit A, contains the entire understanding of the parties in respect of their subject matter and supersede upon their effectiveness all other prior agreements and understandings between the parties with respect to such subject matter.
The covenants in the TSPI Agreement do not supersede or replace any other confidentiality, non-competition or non-solicitation agreement entered into between the Executive and the Company to the extent that such confidentiality, non-competition and/or non-solicitation agreement is more protective of the business of the Company.
In addition to the terms of Section 7.8 of the Agreement, I acknowledge and agree that the restrictions imposed upon me by the terms, conditions, and provisions of this TSPI Agreement are fair, reasonable, and reasonably required for the protection of the Company.
No waiver of any breach of any provision of this TSPI Agreement shall be deemed to be a waiver of any preceding or succeeding breach of the same or any other provision.
In the event that any part of this TSPI Agreement is deemed invalid, illegal, or unenforceable, all other terms, conditions, and provisions of this TSPI Agreement shall nevertheless remain in full force and effect.
Notwithstanding anything in this TSPI Agreement to the contrary, I understand that I may disclose the Company’s Trade Secret and Proprietary Information to the extent required by applicable laws or governmental regulations or judicial or regulatory process, provided that I give the Company prompt notice of any and all such requests for disclosure so that it has ample opportunity to take all necessary or desired action, to avoid disclosure.
Protective Enterprises will send TSPI a commission statement showing the computation of all commissions earned, and listing the invoices on which commissions are being paid.
You acknowledge that you continue to be bound by and will comply with the Trade Secret and Proprietary Information Agreement (“TSPI”) annexed to your Prior Agreement (which TSPI shall survive the termination of the Prior Agreement), and all such similar TSPI or Restrictive Covenant Agreements that are annexed to any equity agreement to which you are bound (collectively with the Restrictive Covenant Agreement attached hereto, the “Restrictive Covenant Agreements”).
Protective Enterprises will indemnify TSPI from and hold harmless from and against all liabilities, losses, damages, costs or expenses, including reasonable attorney fees, which it may at any time suffer, incur, or be required to pay by reason of injury or death to any person or damage to property or both caused or allegedly caused by any products sold by Protective Enterprises.
Upon termination of this agreement for any reason, TSPI shall be entitled to commission on all orders calling for shipment stemming from TSPI sales which are dated or communicated to Protective Enterprises prior to the effective date of termination, regardless of when such orders are shipped.