Employment Covenants. (a) During the Employment Period (as set forth in Section 1 hereof and determined without regard to the termination of Executive's employment), Executive shall not
Employment Covenants. (a) Executive agrees that from the date hereof through the later of (i) the third anniversary of the Merger, or (ii) the period ending on the second anniversary of Executive's termination of employment for any reason (the "Non-Competition Period"), Executive shall not:
Employment Covenants. In consideration of the receipt of the Option granted pursuant to this Agreement and Optionee’s continued employment with the Company, Optionee hereby agrees to the following covenants:
Employment Covenants. In consideration of the grant of Restricted Stock Units granted pursuant to this Agreement and Grantee’s continued employment with the Company, Grantee hereby agrees to the following covenants:
Employment Covenants. (a) Borrower acknowledges and agrees that a material inducement to the Bank entering into this Loan Agreement and the Loan Documents is Borrower's covenant and agreement that Borrower hereby agrees that it will add to its present full time work force of 865 full time employees at Borrower's Chicopee, Massachusetts facility by creating and maintaining not less than 101 new full time positions commencing not later than May 1, 1998, resulting in a full time work force of not less than 966 employees. If, at any time Borrower fails to maintain this covenant, the Bank will have the right, among other matters, to charge an interest rate on the Note of three hundred (300) basis point over one year U.S. Treasury Notes until such time as Borrower restores compliance with the foregoing covenant.
Employment Covenants. (a) During the Employment Period and thereafter, Executive shall not, without the Parent's and Company's prior written permission or in connection with his duties under this Agreement, use or disclose all or any part of the following valuable, special and unique assets of Parent's or Company's business to any person, corporation, association or other entity (but excluding information that has become public knowledge without any action by, or involvement of, Executive) for any reason whatsoever: the confidential information and trade secrets of Parent, the Company and its affiliates, including but not limited to, financial and sales information, manufacturing formulas and processes, business plans and projections, and personnel information and records.
Employment Covenants. The Executive acknowledges and agrees that he must continue to abide by the Corporation’s rules and policies as well as all of his other obligations under the Employment Agreement and the Employee Confidential Information, Inventions, Non-Solicitation And Non-Competition Agreement signed by the Executive and which prohibits unauthorized use or disclosure of the Corporation’s proprietary information, among other obligations.
Employment Covenants. (a) Effective immediately upon Closing, the Purchaser shall offer employment to those employees listed on Schedule E at substantially equivalent positions and responsibilities and at salaries and benefits no less favourable than those listed on Schedule E. Effective immediately upon Closing the Purchaser shall assume all liabilities, including without limitation, severance and termination obligations (statutory or otherwise) for those employees listed on Schedule E and shall further recognize each such employee's prior years of service with the Vendor for the purposes of calculating termination and severance obligations. In accordance with Article 13 hereof, the Purchaser shall indemnify the Vendor for all liabilities, claims and demands whatsoever made against the Vendor by those employees listed on Schedule E after the Closing Date except that the Vendor shall be fully responsible for all such claims made where such claims arise in connection with any act or omission of the Vendor prior to the Closing Date.
Employment Covenants. (a) During the period commencing on the Closing Date and ending on the earlier of (i) the date which is twelve (12) months from the Closing Date and (ii) the date of the employee’s termination of employment with the Operating Companies, Parent shall and shall cause each applicable Operating Company to provide each employee who remains employed immediately after the Closing (“Continuing Employee”) with: (i) base salary or hourly wages which are substantially similar to the base salary or hourly wages provided by the applicable Operating Company immediately prior to the Closing; (ii) target bonus opportunities (excluding equity-based compensation), if any, which are substantially similar to the target bonus opportunities (excluding equity-based compensation) (A) provided by the applicable Operating Company immediately prior to the Closing or (B) provided by Parent and its Affiliates to similarly situated employees of Parent and its Affiliates; (iii) retirement and welfare benefits that are substantially similar in the aggregate as those (A) provided by the applicable Operating Company immediately prior to the Closing or (B) provided by Parent and its Affiliates to similarly situated employees of Parent and its Affiliates; and (iv) severance benefits as set forth on Schedule 7.6(a).
Employment Covenants. You agree to execute and abide by the terms of the Employment Covenants Agreement attached hereto and made a part hereof.
