Common use of Minnesota Clause in Contracts

Minnesota. If the Participant’s Employment Jurisdiction is Minnesota, then the following shall apply to this Award Agreement: Notwithstanding anything set forth in this Award Agreement to the contrary, if Minnesota law is deemed to apply to this Award Agreement, then (i) the covenant not to compete in the Retirement Rule will not apply to the Participant, unless Minnesota Statutes § 181.988 has been repealed or otherwise has no legal effect or application to the Retirement Rule as of the date the Participant’s employment with the Travelers Group terminates; and (ii) with respect to claims arising under Minnesota Statutes § 181.988 (referencing “Covenants Not To Compete”), nothing in this Award Agreement will require the Participant to adjudicate outside of Minnesota any claim arising in Minnesota or deprive the Participant of the substantive protection of Minnesota law with respect to a controversy arising in Minnesota. If Missouri is deemed to be the Employment Jurisdiction, then the following applies to the Participant: the Employee Non-Non-Solicitation Conditions in Section 7(b) will be modified to exclude from the definition of Covered Employee any employee who provides only secretarial or clerical services. Nebraska: If Nebraska is deemed to be the Employment Jurisdiction, then the following applies to the Participant: (a) the list of Company Customers that are subject to the restriction in Section 7(c) is modified so that it means any persons or entities with which the Participant did business and had personal business-related contact during the Look Back Period; and (B) the covenant not to compete in the Retirement Rule does not apply after the Participant’s employment with the Travelers Group ends.

Appears in 2 contracts

Samples: Stock Option Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

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Minnesota. If the Participant’s Employment Jurisdiction is Minnesota, then the following shall apply to this Award Agreement: Notwithstanding anything set forth in this Award Agreement to the contrary, if Minnesota law is deemed to apply to this Award Agreement, then (i) the covenant not to compete in the Retirement Rule will not apply to the Participant, unless Minnesota Statutes § 181.988 has been repealed or otherwise has no legal effect or application to the Retirement Rule as of the date the Participant’s employment with the Travelers Group terminates; and (ii) with respect to claims arising under Minnesota Statutes § 181.988 (referencing “Covenants Not To Compete”), nothing in this Award Agreement will require the Participant to adjudicate outside of Minnesota any claim arising in Minnesota or deprive the Participant of the substantive protection of Minnesota law with respect to a controversy arising in Minnesota. If Missouri is deemed to be the Employment Jurisdiction, then the following applies to the Participant: the Employee Non-Non-Solicitation Conditions in Section 7(b9(b) will be modified to exclude from the definition of Covered Employee any employee who provides only secretarial or clerical services. Nebraska: If Nebraska is deemed to be the Employment Jurisdiction, then the following applies to the Participant: (a) the list of Company Customers that are subject to the restriction in Section 7(c9(c) is modified so that it means any persons or entities with which the Participant did business and had personal business-related contact during the Look Back Period; and (B) the covenant not to compete in the Retirement Rule does not apply after the Participant’s employment with the Travelers Group ends.. If Nevada is deemed to be the Employment Jurisdiction, then the following applies to the Participant:

Appears in 1 contract

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)

Minnesota. If the Participant’s Employment Jurisdiction is Minnesota, then the following shall apply to this Award Agreement: Notwithstanding anything set forth in this Award Agreement to the contrary, if Minnesota law is deemed to apply to this Award Agreement, then (i) the covenant not to compete in the Retirement Rule will not apply to the Participant, unless Minnesota Statutes § 181.988 has been repealed or otherwise has no legal effect or application to the Retirement Rule as of the date the Participant’s employment with the Travelers Group terminates; and (ii) with respect to claims arising under Minnesota Statutes § 181.988 (referencing “Covenants Not To Compete”), nothing in this Award Agreement will require the Participant to adjudicate outside of Minnesota any claim arising in Minnesota or deprive the Participant of the substantive protection of Minnesota law with respect to a controversy arising in Minnesota. If Missouri is deemed to be the Employment Jurisdiction, then the following applies to the Participant: the Employee Non-Non-Solicitation Conditions in Section 7(b) will be modified to exclude from the definition of Covered Employee any employee who provides only secretarial or clerical services. Nebraska: If Nebraska is deemed to be the Employment Jurisdiction, then the following applies to the Participant: (a) the list of Company Customers that are subject to the restriction in Section 7(c) is modified so that it means any persons or entities with which the Participant did business and had personal business-related contact during the Look Back Period; and (B) the covenant not to compete in the Retirement Rule does not apply after the Participant’s employment with the Travelers Group ends.. If Nevada is deemed to be the Employment Jurisdiction, then the following applies to the Participant:

Appears in 1 contract

Samples: Stock Option Agreement (Travelers Companies, Inc.)

Minnesota. If the Participant’s Employment Jurisdiction is Minnesota, then the following shall apply to this Award Agreement: Notwithstanding anything set forth in this Award Agreement to the contrary, if Minnesota law is deemed to apply to this Award Agreement, then (i) the covenant not to compete in the Retirement Rule will not apply to the Participant, unless Minnesota Statutes § 181.988 has been repealed or otherwise has no legal effect or application to the Retirement Rule as of the date the Participant’s employment with the Travelers Group terminates; and (ii) with respect to claims arising under Minnesota Statutes § 181.988 (referencing “Covenants Not To Compete”), nothing in this Award Agreement will require the Participant to adjudicate outside of Minnesota any claim arising in Minnesota or deprive the Participant of the substantive protection of Minnesota law with respect to a controversy arising in Minnesota. If Missouri is deemed to be the Employment Jurisdiction, then the following applies to the Participant: the Employee Non-Non-Solicitation Conditions in Section 7(b9(b) will be modified to exclude from the definition of Covered Employee any employee who provides only secretarial or clerical services. Nebraska: If Nebraska is deemed to be the Employment Jurisdiction, then the following applies to the Participant: (a) the list of Company Customers that are subject to the restriction in Section 7(c9(c) is modified so that it means any persons or entities with which the Participant did business and had personal business-related contact during the Look Back Period; and (B) the covenant not to compete in the Retirement Rule does not apply after the Participant’s employment with the Travelers Group ends.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)

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Minnesota. If the Participant’s Employment Jurisdiction is Minnesota, then the following shall apply to this Award Agreement: Notwithstanding anything set forth in this Award Agreement to the contrary, if Minnesota law is deemed to apply to this Award Agreement, then (i) the covenant not to compete in the Retirement Rule will not apply to the Participant, unless Minnesota Statutes § 181.988 has been repealed or otherwise has no legal effect or application to the Retirement Rule as of the date the Participant’s employment with the Travelers Group terminates; and (ii) with respect to claims arising under Minnesota Statutes § 181.988 (referencing “Covenants Not To Compete”), nothing in this Award Agreement will require the Participant to adjudicate outside of Minnesota any claim arising in Minnesota or deprive the Participant of the substantive protection of Minnesota law with respect to a controversy arising in Minnesota. If Missouri is deemed to be the Employment Jurisdiction, then the following applies to the Participant: the Employee Non-Non-Solicitation Conditions in Section 7(b) will be modified to exclude from the definition of Covered Employee any employee who provides only secretarial or clerical services. Nebraska: If Nebraska is deemed to be the Employment Jurisdiction, then the following applies to the Participant: (a) the list of Company Customers that are subject to the restriction in Section 7(c) is modified so that it means any persons or entities with which the Participant did business and had personal business-related contact during the Look Back Period; and (B) the covenant not to compete in the Retirement Rule does not apply after the Participant’s employment with the Travelers Group ends.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)