Certain Obligations of Executive. In order to induce the Company to enter into this Agreement, the Executive hereby agrees to the following obligations, which obligations of the Executive shall be in addition to, and shall not limit, any other obligation of the Executive to the Company with respect to the matters set forth herein or otherwise:
Certain Obligations of Executive. Executive shall give the Company not less than 60 days prior written notice of any intended termination by Executive of Executive's employment. In the event of a proposed resignation for Good Reason, such notice shall specify the grounds for such resignation, and Executive shall only be entitled to terminate his employment for Good Reason if the Company shall have failed to correct the specified grounds within said 60-day notice period and, upon cure thereof by the Company, such event shall no longer constitute Good Reason. Executive shall not be entitled to terminate for Good Reason unless he has given notice to the Company of his intention so to terminate within 60 days following the occurrence of the event alleged to constitute such Good Reason. Notwithstanding the foregoing, in the event that Executive has given the Company notice of his intention to resign, the Board may elect to have such resignation become effective immediately or at such other date, not later than the effective date specified in the notice, as the Board may determine.
Certain Obligations of Executive. The Executive further covenants with the Company as follows and expressly agrees that the provisions of Sections 5 and 6 are material obligations to the Executive and the breach of these provisions by the Executive will constitute material breaches of this Agreement.
Certain Obligations of Executive. Executive shall give the Company not less than 60 days' prior written notice of any intended termination by Executive of Executive's employment, including Retirement. In the event of a proposed resignation for Good Reason, such notice shall specify the grounds for such resignation, and Executive shall only be entitled to terminate his employment for Good Reason if the Company shall have failed to correct the specified grounds within said 60-day notice period and, upon cure thereof by the Company, such event shall no longer constitute Good Reason. Executive shall not be entitled to terminate for Good Reason unless he has given notice to the Company of his intention to so terminate within 60 days following the occurrence of the event alleged to constitute such Good Reason. In the event of Retirement, Executive must meet the minimum established threshold index of 65. Notwithstanding the foregoing, in the event that Executive has given the Company notice of his intention to resign or retire, the Board may elect to have such resignation or Retirement become effective immediately or at such other date, not later than the effective date specified in the notice, as the Board may determine.
Certain Obligations of Executive. Executive further covenants for the benefit of GTECH as follows and expressly agrees that the provisions of Sections 10 and 11 are material obligations to GTECH and the breach of those provisions will constitute material breaches of this Agreement. As used in Sections 10 and 11, the term “GTECH” shall include Lottomatica S.p.A., GTECH Holdings Corporation, GTECH Corporation and their subsidiaries and affiliates.
Certain Obligations of Executive. Executive further covenants with the Company as follows and expressly agrees that the provisions of Sections 10 and 11 are material obligations to the Company and the breach of those provisions will constitute material breaches of this Agreement. As used in Sections 10 and 11, the term the "
Certain Obligations of Executive. Executive further covenants with the Company as follows and expressly agrees that the provisions of Sections 10 and 11 are material obligations to the Company and the breach of those provisions will constitute material breaches of this Agreement. As used in Sections 10 and 11, the term "Company" shall include GTECH Holdings Corporation and its subsidiaries and Affiliates.
Certain Obligations of Executive. Executive shall give the Company not less than 60 days prior written notice of any intended termination by Executive of Executive's employment whether for Good Reason or other than for Good Reason. In the event of a proposed termination for Good Reason, such notice shall specify the grounds for such termination, and Executive shall only be entitled to terminate his employment for Good Reason if the Company shall have failed to correct the specified grounds within said 60-day notice period. Executive shall not be entitled to terminate for Good Reason unless he has given notice to the Company of his intention so to terminate within 60 days following the occurrence of the event alleged to constitute such Good Reason, except that notice of Executive's intention to terminate for the reason set forth in Section 4(a) hereof may be given within six months of Xx. Xxxxxxx'x stepping down as Chairman. After Executive provides such notice to the Company, the Company shall have 30 days from the date of receipt of such notice to effect a cure of the condition constituting Good Reason, and, upon cure thereof by the Company, such event shall no longer constitute Good Reason; provided that the Company shall only be permitted the opportunity to cure one time during the Term (except that the limitation to one such opportunity to cure shall not apply in the case of immaterial reallocation of benefits which are provided for under Section 6(a) hereof, (but not under Sections 6(b), (c), or (d)) from one type of benefit to another). Notwithstanding the foregoing, in the event that Executive has given the Company notice of his intention to resign for "Good Reason" or otherwise, the Board may elect to have such resignation become effective immediately or at such other date, not later than the effective date specified in the notice, as the Board may determine.
Certain Obligations of Executive. Executive further covenants with the Company as follows. As used in Sections 11 and 12 hereof, the term the "
Certain Obligations of Executive. In order to induce the Company to enter into this Agreement, the Executive hereby agrees to the following obligations, which obligations of the Executive shall be in addition to, and shall not limit, any other obligation of the Executive to the Company with respect to the matters set forth herein or otherwise: Nondisclosure. The Executive hereby agrees that all documents, records, techniques, business secrets, price and route information, business strategy and other information, whether in electronic form, hardcopy or other format, which have come into his possession from time to time during his employment by the Company or which may come into his possession during his employment, shall be deemed to be confidential and proprietary to the Company and the Executive further agrees to retain in confidence any confidential information known to him concerning the Company and its affiliates and their respective businesses, unless such information (i) is publicly disclosed by the Company or (ii) is required to be disclosed by valid legal process; provided, however, that prior to any such disclosure, if reasonably practicable, the Executive must first notify the Company and cooperate with the Company (at the Company’s expense) in seeking a protective order; and further provided that nothing in this Section 5(a) limits any provision of Section 5(g) below.
