Loyalty Agreement. In consideration for the Executive's employment by the Company under the terms of this Agreement (provided that the Executive acknowledges that there can be no guaranty that he will receive any payment hereunder), the Executive hereby agrees to enter into the Amended and Restated Loyalty Agreement in the form attached as Exhibit A hereto (the "Loyalty Agreement") simultaneously with his execution of this Agreement and to abide by the terms thereof.
Loyalty Agreement. Executive is party to that certain Loyalty Agreement with Xxxxxx Xxxx Inc. dated February 22, 2021, as may be amended by mutual agreement of the Company and Executive (the “Loyalty Agreement”). The Loyalty Agreement in effect at any relevant time is hereby incorporated by reference into this Agreement, and attached hereto as Attachment A. Executive agrees that Executive will remain bound by the terms of the Loyalty Agreement, along with all applicable Company policies, as those policies exist from time to time. In the event of a conflict between the terms of this Agreement, on the one hand, and the Loyalty Agreement or the Company policies, on the other hand, the terms of this Agreement shall govern and control. Furthermore, the remedies available to the Company and/or its affiliates in this Agreement and the Loyalty Agreement are intended to be cumulative, and not exclusive, unless such remedies are in conflict, in which case the remedies that are more favorable to the Company and/or its affiliates shall govern and control.
Loyalty Agreement. Executive is party to that certain Loyalty Agreement with Xxxxxx Xxxx Inc. to be entered into and effective as of March 29, 2024, as may be amended by mutual agreement of the Company and Executive (the “Loyalty Agreement”) substantially in the form attached hereto as Exhibit B. The Loyalty Agreement in effect at any relevant time is hereby incorporated by reference into this Agreement. Executive agrees that Executive will remain bound by the terms of the Loyalty Agreement, along with all applicable Company policies, as those policies exist from time to time. In the event of a conflict between the terms of this Agreement, on the one hand, and the Loyalty Agreement or the Company policies, on the other hand, the terms of this Agreement shall govern and control. Furthermore, the remedies available to the Company and/or its affiliates in this Agreement and the Loyalty Agreement are intended to be cumulative, and not exclusive, unless such remedies are in conflict, in which case the remedies that are more favorable to the Company and/or its affiliates shall govern and control.
Loyalty Agreement. (1) During the term of the contract and for eighteen (18) months thereafter (‘Loyalty Period’), Client will neither directly nor indirectly, encourage or solicit to hire, or otherwise hire or engage for performance of services, any Expert or employee of GTT (except for Services performed under this frame agreement). The Client agrees that (i) it will not refer GTTs employees or Experts directly to subsidiaries, parent companies, partnerships, holdings or investments related to Client in any form; (ii) it will not have GTT’s employees or Experts act as a recruiter or referrer of subcontractors of any kind; and (iii) Experts and employees of GTT will not recruit or refer other Experts of any kind for Client. (2) If the Client violates this provision (para. 1) during the Loyalty Period, he undertakes to pay GTT a contractual penalty of EUR 15,000.00 for each violation, in no case more than EUR 50,000.00 per contractual year. GTT reserves the right to reduce the contractual penalty appropriately in the event of a violation that only slightly violates the legitimate interests of GTT. A violation shall also be deemed to have occurred if GTT has merely introduced the employee and/or Expert to the Client and no Individual Order has yet been placed (e.g. transmitted profile of an Expert). (3) GTT expressly reserves the right to claim damages in the amount of the lost profit (e.g. of the lost Individual Order) in the event of a violation of paragraph 1. (4) If the Client intends to directly commission Experts or employees for the first time or repeatedly during the Loyalty Period, he will notify GTT of this in advance by e-mail and negotiate the conditions to compensate GTT. 11. Loyalitätsvereinbarung (1) Während der Vertragslaufzeit und für achtzehn (18) Monate danach ("Loyalitätszeitraum") wird der Auftraggeber keinen Mitarbeiter oder Experten von GTT direkt oder indirekt einstellen oder anderweitig mit der Erbringung von Werks- und/oder Dienstleistungen beauftragen (mit Ausnahme der im Rahmen dieses Rahmenvertrages erbrachten Dienstleistungen). Der Auftraggeber stimmt auch zu, dass (i) er GTTs Mitarbeiter oder Experten nicht an Tochtergesellschaften, Muttergesellschaften, Partnerunternehmen, Beteiligungen oder Investments, die im Zusammenhang mit dem Auftraggeber stehen, weitervermitteln wird; (ii) er GTTs Mitarbeiter und Experten nicht als Personalvermittler oder Empfehlungsgeber von Dritten jeglicher Art tätig werden lässt; und (iii) der Experten oder Mitarbeit...
Loyalty Agreement. Executive agrees to execute and be bound by the Company’s form Loyalty Agreement, which is attached hereto as Exhibit C (the “Loyalty Agreement”). The Loyalty Agreement is hereby incorporated by reference into this Agreement; provided, however, that the provisions of Section 6 of the Loyalty Agreement (“Restrictive Covenants”) are expressly superseded by Section 7 of this Agreement and shall not be applicable. Executive agrees that Executive will remain bound by the terms of the Loyalty Agreement other than Section 7 thereof, along with all applicable Company policies, as those policies exist from time to time. In the event of a conflict between the terms of this Agreement, on the one hand, and the Loyalty Agreement or the Company policies, on the other hand, the terms of this Agreement shall govern and control.
Loyalty Agreement. Executive is party to that certain Loyalty Agreement with Xxxxxx Xxxx, Inc. dated March 5, 2021 (the “Loyalty Agreement”). That Loyalty Agreement is hereby incorporated by reference into this Agreement, and attached hereto as Attachment A. Executive agrees that Executive will remain bound by the terms of the Loyalty Agreement, along with all applicable Company policies, as those policies exist from time to time. In the event of a conflict between the terms of this Agreement, on the one hand, and the Loyalty Agreement or the Company policies, on the other hand, the terms of this Agreement shall govern and control.
