Common use of Covenants Not to Compete and Not to Solicit Clause in Contracts

Covenants Not to Compete and Not to Solicit. In the event of the Executive's Termination of Employment, the CONSOL Companies' obligations to provide the payments and benefits set forth in Section 2 shall be expressly conditioned upon the Executive's compliance with the covenants not to compete and not to solicit as provided herein. In the event the Executive breaches the Executive’s obligations to the CONSOL Companies as provided herein, the CONSOL Companies' obligations to provide the payments and benefits set forth in Section 2 shall cease, without prejudice to any other remedies that may be available to the CONSOL Companies. For purposes of this Section 10 and the definition of “Restricted Business” and “Restricted Territory” as used herein, the term “CONSOL Companies” will also include any Subsidiary of any CONSOL Company.

Appears in 4 contracts

Samples: Change in Control Severance Agreement (CNX Coal Resources LP), Change in Control Severance Agreement (CONSOL Energy Inc), Change in Control Severance Agreement (CNX Coal Resources LP)

AutoNDA by SimpleDocs

Covenants Not to Compete and Not to Solicit. In the event of the Executive's ’s Termination of Employment, the CONSOL Companies' Company’s obligations to provide the payments and benefits set forth in Section 2 shall be expressly conditioned upon the Executive's ’s compliance with the covenants not to compete and not to solicit as provided herein. In the event the Executive breaches the Executive’s his obligations to the CONSOL Companies Company as provided herein, the CONSOL Companies' Company’s obligations to provide the payments and benefits set forth in Section 2 shall cease, without prejudice to any other remedies that may be available to the CONSOL CompaniesCompany. For purposes of this Section 10 and the definition of “Restricted Business” and “Restricted Territory” as used herein, the term “CONSOL CompaniesCompany” will also include CONSOL, and its subsidiaries, and any Subsidiary of any CONSOL Company.Subsidiary

Appears in 3 contracts

Samples: Change in Control Severance Agreement (CNX Gas CORP), Change in Control Severance Agreement (CNX Gas CORP), Change in Control Severance Agreement (Consol Energy Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!