EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES Sample Clauses

EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES. 9.01. During the term of this Agreement, the Employee shall not, directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or any other individual or representative capacity, engage or participate in any business if such business is engaged in the Same Business of the Employer. For purposes of this section, Same Business of the Employer shall mean any business engaged in the sale of aviation parts or products or the facilitation thereof. Furthermore, on the termination of employment, the Employee expressly agrees not to engage or participate, directly or indirectly, in any business that is engaged in the Same Business of the Employer for a period of two (2) years (hereinafter "Non-Compete Period"). The parties agree that this restriction is reasonable and the least restrictive prohibition on the Employee's competition with the Employer that protects the Employer's interests. 9.02. The obligation of the Employee not to compete with the Employer as set forth in Paragraph 9.01 of this Agreement shall not prohibit the Employee from owning or purchasing any corporate securities that are regularly traded on a recognized stock exchange or over-the-counter market so long as the Employee's holdings do not exceed ten percent (10%) of the outstanding shares of Employer. 9.03. In the event of a breach of this section by Employee, Employer and Employee agree that the Employer would suffer irreparable damages for which monetary compensation would not be adequate. Accordingly, the parties agree that the Employer shall be entitled, in addition to any other remedies they may have under this Agreement at law or otherwise, to immediate injunctive and other equitable relief to prevent or curtail any breach of this Agreement. 9.04. Employer's business is international in scope, and the restrictions of this paragraph shall accordingly apply throughout the world. 9.05. In the event of a breach of any post-employment covenant or restriction contained in this Agreement, the two year period set forth therein shall be automatically tolled and suspended for the amount of time that the violation continues. 9.06. The provisions of this Article shall survive the termination of this Agreement for any reason whatsoever for a period equal to the two years from termination (including any tolling period).
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES. 4.1 The Employee agrees to submit for a physical examination annually by a physician selected by the Employee. Failure to pass satisfactorily such physical examination so as to be able to regularly perform the duties set out in Article 3, according to the opinion of the physician, shall constitute “good” cause for termination of the services of the Employee under this Agreement.
Sample 1
EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES. 1. Non-Competition by Employee. For a three year period following the later of (a) the date of the immediately preceding Annual Covenant Payment (as defined below) or (b) the date that Employee's employment is terminated for any reason, the Employee shall not, directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, greater than 10% stockholder, corporate officer, director, or in any other individual or representative capacity, (i) solicit the banking business (loan, deposit or otherwise) of any then existing customers of Employer, and (ii) engage or participate in any business that is in competition in any manner whatever with the business of Employer within a ten-mile radius of either the office building located at 1160 Xxxxx Xxxxxxx, Xxxxxxx, Xxxxx xx the branch locations located at 8800 Xxxx Xxxxxxx, Xxxxxxx, Xxxxx xx 8501 Xxxx Xxxxxxx, Xxxxxxx, Xxxxx.
Sample 1
EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES. 4.1 QUALIFICATION FOR SURETY BOND. Employee agrees to furnish all information and take any other steps necessary to enable Employer to obtain a fidelity bond conditioned on the rendering of a true account by Employee of all money, goods, or other property that may come into the custody, charge, or possession of Employee during the term of employment. All premiums on the surety bond are to be paid by Employer. Failure by the Employee to qualify for such bond shall constitute good cause for termination of the services of Employee under this Contract.
Sample 1
EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES. Indemnification 6.01. The Employee shall indemnify and hold harmless Employer from all liability from loss, damage, or injury to persons or property resulting from the willful misconduct of the Employee committed in the scope of the EmpIoyee's employment.
Sample 1
EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES. Non-competition by Employee 4.01 During the term of this Agreement, the Employee shall not, directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage or participate in any business that is in competition in any manner whatever with the business of the Employer. Furthermore, upon the termination of this Agreement, the Employee expressly agrees not to engage or participate, directly or indirectly, in any business located within 500 miles that is in competition with the business of the Employer for a period of one year. Liquidated Damages 4.02 In the event of a breach by the Employee of the obligation not to compete contained in Paragraph 4.01 of this Agreement, the Employee shall pay to the Employer the sum of $2,500.00 per month as liquidated damages for the period during which the Employee continues to be in breach of the obligation not to compete. The Employer and the Employee agree that the amount established by this Paragraph as liquidated damages is reasonable under the circumstances existing at the time of the execution of this Agreement. 4.03 The Employee shall indemnify and hold harmless the Employer from all liability from loss, damage, or injury to persons or property resulting from the negligence or misconduct of the Employee committed in the scope of the Employee's employment.
Sample 1
EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES 
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs

Related to EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES

  • Employee’s Obligations Upon the termination of employment, you shall promptly deliver to the Company all property of the Company and all material documents, statistics, account records, programs and other similar tangible items which may by in your possession or under your control and which relate in a material way to the business or affairs of the Company or its subsidiaries, and no copies of any such documents or any part thereof shall be retained by you.

  • Data Necessary to Perform Services The Trust or its agent shall furnish to USBFS the data necessary to perform the services described herein at such times and in such form as mutually agreed upon.

  • Authorization to Perform Services The Consultant is not authorized to perform any services or incur any costs whatsoever under the terms of this Agreement until receipt of a written Notice to Proceed from the City.

  • Parties to Perform Obligations 16.4.1 Notwithstanding the existence of any Dispute and difference referred to the Appropriate Commission and save as the Appropriate Commission may otherwise direct by a final or interim order, the Parties hereto shall continue to perform their respective obligations (which are not in dispute) under this Agreement.

  • Duties and Obligations of Employee The Employee shall serve as the Chief Credit Officer of the Employer and shall perform the customary duties of such office in the commercial banking industry, including those listed below. Employee shall also perform such other duties and in such other positions as are requested of him by the Employer. (a) Providing leadership in planning and implementing the conduct of the business and affairs of the Employer, subject to the direction of the Chief Executive Officer of the Employer, and carrying out responsibilities of the position as outlined in any job description approved by the Chief Executive Officer. (b) Participating in community affairs which are beneficial to the Employer. (c) Maintaining a good relationship with the Board of Director, the Chief Executive Officer, the management officers and the shareholders of the Employer. (d) Maintaining a good relationship with regulatory agencies and governmental authorities having jurisdiction over the Employer and its related and affiliated entities.

  • CONSULTANT’S OBLIGATIONS Consultant shall immediately correct any breach of this Agreement or violation of the MLS Policies within its control, whether committed by Firm, Salesperson Party, or Consultant, upon notice from MLS.

  • Ability to Perform The Servicer does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement;

  • Right to Perform If Tenant shall fail to pay any sum of money, other than Base Rent or Additional Rent, required to be paid by it under this Lease or shall fail to perform any other act on its part to be performed under this Lease, and such failure shall continue for ten (10) Business Days after notice of such failure by Landlord, or such shorter time if reasonable under the circumstances, Landlord may, but shall not be obligated to, and without waiving or releasing Tenant from any obligations of Tenant, make such payment or perform such other act on Tenant's part to be made or performed as provided in this Lease. Landlord shall have (in addition to any other right or remedy of Landlord) the same rights and remedies in the event of the nonpayment of sums due under this paragraph as in the case of default by Tenant in the payment of Base Rent.

  • Executive’s Obligations The amounts described in Sections 3.00 and 5.00 of this Agreement are provided by the Company in exchange for (and have a value to the Company equivalent to) the Executive’s performance of the obligations described in this Agreement, including performance of the duties and the covenants made and entered into by and between the Executive and the Company in this Agreement.

  • RESERVED RIGHT TO DELEGATE DUTIES AND SERVICES TO OTHERS The Manager in assuming responsibility for the various services as set forth in this Agreement reserves the right to enter into agreements with others for the performance of certain duties and services or to delegate the performance of some or all of such duties and services to Principal Life Insurance Company, or one or more affiliates thereof; provided, however, that entry into any such agreements shall not relieve the Manager of its duty to review and monitor the performance of such persons to the extent provided in the agreements with such persons or as determined from time to time by the Board of Directors.

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