Common use of Additional Condition Clause in Contracts

Additional Condition. If the Holder, at any time while Dividend Equivalents are payable hereunder: (i) directly or indirectly, whether as an owner, partner, shareholder, consultant, agent, employee, investor or in any other capacity, accepts employment by, renders services for or otherwise assists any other business which competes with the business conducted by the Company or any of its Subsidiaries in which the Holder has worked during the Holder’s last two years with the Company or any of its Subsidiaries; (ii) directly or indirectly, hires or solicits or arranges for the hiring or solicitation of any employee of the Company or any of its subsidiaries, or encourages any such employee to leave such employment; (iii) uses, discloses, misappropriates or transfers confidential or proprietary information concerning the Company or any of its subsidiaries (except as required by the Holder’s work responsibilities with the Company or any of its subsidiaries); or (iv) is convicted of a crime against the Company or any of its subsidiaries; or (v) engages in any activity in violation of the policies of the Company or any of its subsidiaries, including without limitation the Company’s Code of Business Ethics and Conduct, or, at any time, engages in conduct adverse to the best interests of the Company or any of its subsidiaries; then should any of the foregoing events occur, the Rights shall be canceled, unless the Committee, in its sole discretion, elects not to cancel the Rights. The provisions of this Section 3 are in addition to any other agreements related to non-competition, non-solicitation and preservation of Company confidential and proprietary information entered into between the Holder and the Company, and nothing herein is intended to waive, modify, alter or amend the terms of any such other agreement.

Appears in 3 contracts

Samples: Contingent Dividend Equivalent Rights Agreement (Barnes Group Inc), Contingent Dividend Equivalent Rights Agreement (Barnes Group Inc), Contingent Dividend Equivalent Rights Agreement (Barnes Group Inc)

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Additional Condition. If the Holder, at any time while Dividend Equivalents are payable hereunderthe Award is outstanding: (i) directly or indirectly, whether as an owner, partner, shareholder, consultant, agent, employee, investor or in any other capacity, accepts employment by, renders services for or otherwise assists any other business which competes with the business conducted by the Company or any of its Subsidiaries in which the Holder has worked during the Holder’s last two years with the Company or any of its Subsidiaries; (ii) directly or indirectly, hires or solicits or arranges for the hiring or solicitation of any employee of the Company or any of its subsidiariesSubsidiaries, or encourages any such employee to leave such employment; (iii) uses, discloses, misappropriates or transfers confidential or proprietary information concerning the Company or any of its subsidiaries Subsidiaries (except as required by the Holder’s work responsibilities with the Company or any of its subsidiariesSubsidiaries); or (iv) is convicted of a crime against the Company or any of its subsidiariesSubsidiaries; or (v) engages in any activity in violation of the policies of the Company or any of its subsidiariesSubsidiaries, including without limitation the Company’s Code of Business Ethics and Conduct, or, at any time, engages in conduct adverse to the best interests of the Company or any of its subsidiariesSubsidiaries; then should any of the foregoing events occur, the Rights outstanding portion of the Award shall be canceled, unless the Committee, in its sole discretion, elects not to cancel the Rightsit. The provisions of this Section 3 5 are in addition to any other agreements related to non-competition, non-solicitation and preservation of Company confidential and proprietary information entered into between the Holder and the Company, and nothing herein is intended to waive, modify, alter or amend the terms of any such other agreement.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Barnes Group Inc), Performance Share Award Agreement (Barnes Group Inc)

Additional Condition. If the Holder, at any time while Dividend Equivalents are payable hereunderthe Award is outstanding: (i) directly or indirectly, whether as an owner, partner, shareholder, consultant, agent, employee, investor or in any other capacity, accepts employment byemployment, renders services for or otherwise assists any other business which competes with the business conducted by the Company or any of its Subsidiaries in which the Holder has worked worked, during the Holder’s last two years with the Company or any of its Subsidiaries; (ii) directly or indirectly, hires or solicits or arranges for the hiring or solicitation of any employee of the Company or any of its subsidiariesSubsidiaries, or encourages any such employee to leave such employment; (iii) uses, discloses, misappropriates or transfers confidential or proprietary information concerning the Company or any of its subsidiaries Subsidiaries (except as required by the Holder’s work responsibilities with the Company or any of its subsidiariesSubsidiaries); or (iv) is convicted of a crime against the Company or any of its subsidiariesSubsidiaries; or (v) engages in any activity in violation of the policies of the Company or any of its subsidiariesSubsidiaries, including without limitation the Company’s Code of Business Ethics and Conduct, or, at any time, engages in conduct adverse to the best interests of the Company or any of its subsidiariesSubsidiaries; then should any of the foregoing events occur, the Rights outstanding portion of the Award shall be canceled, unless the Committee, in its sole discretion, elects not to cancel the Rightsit. The provisions of this Section 3 5 are in addition to any other agreements related to non-competition, non-solicitation and preservation of Company confidential and proprietary information entered into between the Holder and the Company, and nothing herein is intended to waive, modify, alter or amend the terms of any such other agreement.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Barnes Group Inc), Performance Share Award Agreement (Barnes Group Inc)

Additional Condition. If the Holder, at any time while Dividend Equivalents dividend equivalents are payable hereunder: (i) directly or indirectly, whether as an owner, partner, shareholder, consultant, agent, employee, investor or in any other capacity, accepts employment byemployment, renders services for or otherwise assists any other business which competes with the business conducted by the Company or any of its Subsidiaries in which the Holder has worked worked, during the Holder’s last two years with the Company or any of its Subsidiaries; (ii) directly or indirectly, hires or solicits or arranges for the hiring or solicitation of any employee of the Company or any of its subsidiaries, or encourages any such employee to leave such employment; (iii) uses, discloses, misappropriates or transfers confidential or proprietary information concerning the Company or any of its subsidiaries (except as required by the Holder’s work responsibilities with the Company or any of its subsidiaries); or (iv) is convicted of a crime against the Company or any of its subsidiaries; or (v) engages in any activity in violation of the policies of the Company or any of its subsidiaries, including without limitation the Company’s Code of Business Ethics and Conduct, or, at any time, engages in conduct adverse to the best interests of the Company or any of its subsidiaries; then should any of the foregoing events occur, the Rights shall be canceled, unless the Committee, in its sole discretion, elects not to cancel the Rights. The provisions of this Section 3 are in addition to any other agreements related to non-competition, non-solicitation and preservation of Company confidential and proprietary information entered into between the Holder and the Company, and nothing herein is intended to waive, modify, alter or amend the terms of any such other agreement.

Appears in 2 contracts

Samples: Contingent Dividend Equivalent Rights Agreement (Barnes Group Inc), Contingent Dividend Equivalent Rights Agreement (Barnes Group Inc)

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Additional Condition. If the Holder, at any time while Dividend Equivalents are payable hereunderthe Award is outstanding: (i) directly or indirectly, whether as an owner, partner, shareholder, consultant, agent, employee, investor or in any other capacity, accepts employment by, renders services for or otherwise assists any other business which competes with the business conducted by the Company or any of its Subsidiaries in which the Holder has worked during the Holder’s 's last two years with the Company or any of its Subsidiaries; (ii) directly or indirectly, hires or solicits or arranges for the hiring or solicitation of any employee of the Company or any of its subsidiariesSubsidiaries, or encourages any such employee to leave such employment; (iii) uses, discloses, misappropriates or transfers confidential or proprietary information concerning the Company or any of its subsidiaries Subsidiaries (except as required by the Holder’s 's work responsibilities with the Company or any of its subsidiariesSubsidiaries); or (iv) is convicted of a crime against the Company or any of its subsidiariesSubsidiaries; or (v) engages in any activity in violation of the policies of the Company or any of its subsidiariesSubsidiaries, including without limitation the Company’s 's Code of Business Ethics and Conduct, or, at any time, engages in conduct adverse to the best interests of the Company or any of its subsidiariesSubsidiaries; then should any of the foregoing events occur, the Rights outstanding portion of the Award shall be canceled, unless the Committee, in its sole discretion, elects not to cancel the Rightsit. The provisions of this Section 3 5 are in addition to any other agreements related to non-competition, non-solicitation and preservation of Company confidential and proprietary information entered into between the Holder and the Company, and nothing herein is intended to waive, modify, alter or amend the terms of any such other agreement.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Barnes Group Inc)

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