Compensation for Non-Compete Period and Extended Non-Compete Period. (a) If the Company exercises the Non-Compete Option (as that term is defined in the Loyalty Agreement): (i) the Company will provide the benefits described in Section 6(a) of the Loyalty Agreement, provided that, any compensation provided in Section 4.2 of this Agreement will replace and offset any compensation provided in Section 6(a) of the Loyalty Agreement for the Non-Compete Period, and (ii) if the Company further elects the Extended Non-Compete Period, the Company will provide Executive’s Base Salary for the duration of the Extended Non-Compete Period.
Appears in 4 contracts
Samples: Executive Employment Agreement (Star Peak Corp II), Executive Employment Agreement (Benson Hill, Inc.), Executive Employment Agreement (Star Peak Corp II)
