Common use of Forfeiture for Violation of Employment Agreement Clause in Contracts

Forfeiture for Violation of Employment Agreement. In the event that Holder violates any of his or her Confidentiality or Non-Competition obligations arising under the Employment Agreement or other agreement with the Company, then all profits or gains realized by Holder as a result of the sale of any of the Restricted Shares, shall be forfeited and returned to the Company.

Appears in 2 contracts

Samples: Stock Purchase Agreement (American Medical Alert Corp), Stock Purchase Agreement (American Medical Alert Corp)

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Forfeiture for Violation of Employment Agreement. In the event that Holder violates any of his or her Confidentiality or Non-Competition obligations arising under the Employment Agreement or other agreement with the Company, then all profits or gains realized by Holder as a result of the sale of any of the Restricted Shares, Shares shall be forfeited and returned to the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Medical Alert Corp)

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Forfeiture for Violation of Employment Agreement. In the event that Holder violates any of his or her Confidentiality or Non-Competition obligations arising under the Employment Agreement or other agreement with the Company, then all profits or gains realized by Holder as a result of the sale of any of the Restricted Shares, shall be forfeited and returned to the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Medical Alert Corp)

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