Common use of DUTY TO DISCLOSE Clause in Contracts

DUTY TO DISCLOSE. The Executive will inform ISE in writing of any offer of employment or engagement that he receives during his employment with ISE or during the Restricted Period from a Competitor, or any person or entity who might reasonably be viewed to be a Competitor, prior to accepting such offer. Without limiting the foregoing, if the Executive seeks employment with a company that has several divisions, only certain of which are Competitive with ISE, and the Executive seeks employment with such non-competitive division, the Executive may accept such employment, provided that ISE is informed in writing of the offer in accordance with the preceding sentence and the new employer is informed of the restrictions and obligations set forth herein.

Appears in 6 contracts

Samples: Employment Agreement (International Securities Exchange, Inc.), Employment Agreement (International Securities Exchange, Inc.), Employment Agreement (International Securities Exchange, Inc.)

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