Common use of Covenant Not to Hire or Solicit Employees Clause in Contracts

Covenant Not to Hire or Solicit Employees. Executive agrees that during his employment with the Corporation, and for a period of one (1) year immediately following the termination thereof, whether voluntary or involuntary, he shall not, directly or indirectly, on behalf of himself or any other person or entity, hire any Corporation Employee for, or solicit any Corporation Employee for the purpose of offering employment with, any entity or person (including himself) that provides installment, automobile purchase, or retail purchase loans to consumers that are competitive with those provided by the Corporation or its Subsidiaries. “Corporation Employee,” as used in this Agreement, shall mean any employee who is employed with the Corporation or any of its Subsidiaries at any time during the last six (6) months of Executive’s employment with the Corporation that Executive has contact with or learns Confidential Information about through his employment with the Corporation.

Covenant Not to Hire or Solicit Employees. Executive agrees that during his employment with the Corporation, and for a period of one two (12) year years immediately following the termination thereof, whether voluntary or involuntary, he shall not, directly or indirectly, on behalf of himself or any other person or entity, hire any Corporation Employee for, or solicit any Corporation Employee for the purpose of offering employment with, any entity or person (including himself) that provides installment, automobile purchase, purchase or retail purchase loans to consumers that are competitive with those provided by the Corporation or its Subsidiaries. “Corporation Employee,” as used in this Agreement, shall mean any employee who is employed with the Corporation or any of its Subsidiaries at any time during the last six (6) months of Executive’s employment with the Corporation that Executive has contact with or learns Confidential Information about through his employment with the Corporation.