Common use of Non-Solicitation of Customers and Employees Clause in Contracts

Non-Solicitation of Customers and Employees. During the Term and during the twelve (12) month period following the later to occur of (a) the termination of this Agreement or (b) the termination of Employee’s employment by the Company or engagement as a consultant to the Company (the “Severance Period”), Employee (a) shall not solicit the business of any person, company or firm which is a former, current, or prospective customer or business partner of Company or Parent (a “Customer”) for the benefit of anyone other than Company or Parent if the business solicited is of a type offered by Company or Parent during the Term, (b) shall not solicit or encourage any Customer to modify, diminish or eliminate its business relationship with Company or Parent or take any other action with respect to a Customer which could be detrimental to the interests of Company or Parent, and (c) shall not solicit for employment or for any other comparable service, such as consulting services, and shall not hire or engage as a consultant any employee or independent contractor employed or engaged by Company or Parent at any time during the Term. Employee acknowledges that violation of this covenant constitutes a misappropriation of Company’s or Parent’s trade secrets in violation of his duty of confidentiality owed to Company.

Appears in 4 contracts

Samples: Employment Agreement (Samson Oil & Gas LTD), Employment Agreement (Samson Oil & Gas LTD), Employment Agreement (Samson Oil & Gas LTD)

AutoNDA by SimpleDocs

Non-Solicitation of Customers and Employees. During the Term and during the twelve (12) month any period following the later to occur of (a) the termination of time thereafter that Severance Payments or Severance Benefits are required by this Agreement to be paid or (b) the termination of provided to Employee’s employment , excluding for this purpose any tardy payments by the Company or engagement as a consultant to the Company (the “Severance Period”), Employee (a) shall not solicit the business of any person, company or firm which is a former, current, or prospective customer or business partner of Company or Parent (a “Customer”) for the benefit of anyone other than Company or Parent if the business solicited is of a type offered by Company or Parent during the Term, (b) shall not solicit or encourage any Customer to modify, diminish or eliminate its business relationship with Company or Parent or take any other action with respect to a Customer which could be detrimental to the interests of Company or Parent, and (c) shall not solicit for employment or for any other comparable service, such as consulting services, and shall not hire or engage as a consultant any employee or independent contractor employed or engaged by Company or Parent at any time during the Term. Employee acknowledges that violation of this covenant constitutes a misappropriation of Company’s or Parent’s trade secrets in violation of his duty of confidentiality owed to Company.

Appears in 3 contracts

Samples: Employment Agreement (Samson Oil & Gas LTD), Employment Agreement (Samson Oil & Gas LTD), Employment Agreement (Samson Oil & Gas LTD)

Non-Solicitation of Customers and Employees. During the Term and during the twelve (12) month any period following the later to occur of (a) the termination of time thereafter that Severance Payments or Severance Benefits are required by this Agreement to be paid or (b) the termination of provided to Employee’s employment , excluding for this purpose any tardy payments by the Company or engagement as a consultant to the Company (the “Severance Period”), Employee (a) shall not solicit the business of any person, company or firm which is a former, current, or prospective customer or business partner of Company or Parent (a “Customer”) for the benefit of anyone other than Company or Parent if the business solicited is of a type offered by Company or Parent during the Term, (b) shall not solicit or encourage any Customer to modify, diminish or eliminate its business relationship with Company or Parent or take any other action with respect to a Customer which could be detrimental to the interests of Company or Parent, and (c) shall not solicit for employment or for any other comparable service, such as consulting services, and shall not hire or engage as a consultant any employee or independent contractor employed or engaged by Company or Parent at any time during the Term. Employee acknowledges that violation of this covenant constitutes a misappropriation of Company’s or Parent’s trade secrets in violation of his her duty of confidentiality owed to Company.

Appears in 1 contract

Samples: Employment Agreement (Samson Oil & Gas LTD)

AutoNDA by SimpleDocs

Non-Solicitation of Customers and Employees. During the Term and during the twelve (12) month period following the later to occur of (ai) the termination of this Agreement or (bii) the termination of Employee’s employment by the Company or engagement as a consultant to the Company (the “Severance Period”), Employee (a) shall not solicit the business of any person, company or firm which is a former, current, or prospective customer or business partner of Company or Parent (a “Customer”) for the benefit of anyone other than Company or Parent if the business solicited is of a type offered by Company or Parent during the Term, (b) shall not solicit or encourage any Customer to modify, diminish or eliminate its business relationship with Company or Parent or take any other action with respect to a Customer which could be detrimental to the interests of Company or Parent, and (c) shall not solicit for employment or for any other comparable service, such as consulting services, and shall not hire or engage as a consultant any employee or independent contractor employed or engaged by Company or Parent at any time during the Term, except for independent contractors with whom Employee had done business, directly or indirectly, prior to the Effective Date. Employee acknowledges that violation of this covenant constitutes a misappropriation of Company’s or Parent’s trade secrets in violation of his duty of confidentiality owed to Company.

Appears in 1 contract

Samples: Employment Agreement (Samson Oil & Gas LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.