Common use of Conditions to Receive Severance Package Clause in Contracts

Conditions to Receive Severance Package. Executive will receive the Severance Package described above only if he complies with all of the following conditions and continues to comply with the following for the duration of the Severance Period: (a) Executive executes a full general release in favor of the Company in the form attached hereto as Exhibit A (the “General Release”); and (b) Executive complies with the Company’s then in effect trade secrets policies and any inventions and proprietary information agreement between Executive and the Company (the “Confidentiality Agreement”) in accordance with the terms thereof. (c) During the term of the Executive’s employment by the Company, and for the next succeeding twelve (12) months, the Executive shall not, directly or indirectly: (i) Solicit any of the Company’s customers except on the Company’s behalf, or direct any current or prospective customer to anyone other than the Company for goods or services that the Company provides; (ii) Influence any of the Company’s employees to terminate their employment with the Company or accept employment with any of the Company’s competitors; or (iii) Interfere with any of the Company’s business relationships, including without limitation those with customers, suppliers, consultants, attorneys, and other agents, whether or not evidenced by written or oral agreements. The Company’s obligation to make payments under this Section 8 shall cease if at any time Executive is not in compliance with any of the foregoing agreements.

Appears in 4 contracts

Samples: Employment Agreement (It&e International Group), Employment Agreement (It&e International Group), Employment Agreement (It&e International Group)

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