Common use of Employment by Competitor or Re-hire During Severance Pay Period Clause in Contracts

Employment by Competitor or Re-hire During Severance Pay Period. (i) If Employee competes with Company, or is hired or engaged in any capacity by any competitor of Company (to be determined in Company’s discretion), during any Severance Pay Period, then the Severance Payments shall cease. The foregoing shall not affect Company’s right to enforce the Non-Compete pursuant to Section 7. For purposes of this sub-section, a “competitor”

Appears in 4 contracts

Samples: Employment Agreement (Rackspace Technology, Inc.), Employment Agreement (Rackspace Hosting, Inc.), Employment Agreement (Rackspace Hosting, Inc.)

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Employment by Competitor or Re-hire During Severance Pay Period. (i) If Employee competes with Company, or is hired or engaged in any capacity by any competitor of Company (to be determined in Company’s discretion), during any Severance Pay Period, then the Severance Payments shall cease. The foregoing shall not affect Company’s 's right to enforce the Non-Compete pursuant to Section 7. For purposes of this sub-section, a "competitor"

Appears in 1 contract

Samples: Employment Agreement (Rackspace Technology, Inc.)

Employment by Competitor or Re-hire During Severance Pay Period. (i) If Employee competes with Company, Company or is hired or engaged in any capacity by any competitor of Company (to be determined in Company’s discretion), during any Severance Pay Period, then the Severance Payments shall cease. The foregoing shall not affect Company’s right to enforce the Non-Non- Compete pursuant to Section 7. For purposes of this sub-section, a “competitor”

Appears in 1 contract

Samples: Employment Agreement (Rackspace Hosting, Inc.)

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Employment by Competitor or Re-hire During Severance Pay Period. (i) If Employee competes with Company, or is hired or engaged in any capacity by any competitor of Company (to be determined in Company’s discretion), during any Severance Pay Period, then the Severance Payments shall cease. The foregoing shall not affect Company’s right to enforce the Non-Compete pursuant to Section 7. For purposes of this sub-section, a “competitor”sub-

Appears in 1 contract

Samples: Employment Agreement (Rackspace Technology, Inc.)

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