Common use of No Recruitment of Personnel Clause in Contracts

No Recruitment of Personnel. If the Executive's employment with the Employer is terminated within 12 months following a Change in Control, then during the Restricted Period, the Executive shall not, either directly or indirectly, on the Executive's own behalf or in the service or on behalf of others, (A) solicit, divert, or hire away, or (B) attempt to solicit, divert, or hire away, to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its Affiliates, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. For purposes of this Section 5, “indirectly” means that the Executive cannot accomplish something through another that he or she would be prohibited from doing under this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (Highlands Bankshares Inc /Va/)

AutoNDA by SimpleDocs

No Recruitment of Personnel. If During the Executive's employment with --------------------------- the Employer is terminated within 12 and for a period of 24 months following a Change in Control, then during the Restricted Periodthereafter, the Executive shall not, either directly or indirectly, on the Executive's own behalf or in the service or on behalf of others, (A) solicit, divert, or hire away, or (B) attempt to solicit, divert, or hire away, to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its Affiliates, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. For purposes of this Section 5, “indirectly” means that the Executive canThis restriction does not accomplish something through another that he or she would be prohibited from doing under this Agreementapply after a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Tidelands Bancshares Inc)

No Recruitment of Personnel. If During the Executive's employment with --------------------------- the Employer is terminated within and for a period of 12 months following a Change in Control, then during the Restricted Periodthereafter, the Executive shall not, either directly or indirectly, on the Executive's own behalf or in the service or on behalf of others, (A) solicit, divert, or hire away, or (B) attempt to solicit, divert, or hire away, to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its Affiliates, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. For purposes of this Section 5, “indirectly” means that the Executive canThis restriction does not accomplish something through another that he or she would be prohibited from doing under this Agreementapply after a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Tidelands Bancshares Inc)

No Recruitment of Personnel. If During the Executive's employment with the Employer is terminated within and for a period of 12 months following a Change in Control, then during the Restricted Periodthereafter, the Executive shall not, either directly or indirectly, on the Executive's own behalf or in the service or on behalf of others, (A) solicit, divert, or hire away, or (B) attempt to solicit, divert, or hire away, to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its AffiliatesAffiliates engaged or experienced in the Business, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. For purposes of this Section 5, “indirectly” means that the Executive canThis restriction does not accomplish something through another that he or she would be prohibited from doing under this Agreementapply after a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (New Commerce Bancorp)

No Recruitment of Personnel. If During the Executive's employment with the Employer is terminated within 12 and for a period of six (6) months following a Change in Control, then during the Restricted Periodthereafter, the Executive shall not, either directly or indirectly, on the Executive's own behalf or in the service or on behalf of others, (A) solicit, divert, or hire away, or (B) attempt to solicit, divert, or hire away, to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its AffiliatesAffiliates engaged or experienced in the Business, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to a written agreement, or the employment is for a determined period or is at will. For purposes of this Section 5, “indirectly” means that the Executive canThe restriction does not accomplish something through another that he or she would be prohibited from doing under this Agreementapply after a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (New Commerce Bancorp)

AutoNDA by SimpleDocs

No Recruitment of Personnel. If During the Executive's ’s employment with the Employer is terminated within 12 and for a period of twelve (12) months following a Change in Control, then during the Restricted Periodthereafter, the Executive shall not, either directly or indirectly, on the Executive's ’s own behalf or in the service or on behalf of others, (Ai) solicit, divert, divert or hire away, ; or (Bii) attempt to solicit, divert, or hire away, away to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its AffiliatesAffiliates engaged or experienced in the Business, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. For purposes of this Section 5, “indirectly” means that the Executive cannot accomplish something through another that he or she would be prohibited from doing under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Independence Bancshares, Inc.)

No Recruitment of Personnel. If During the Executive's ’s employment with the Employer is terminated within and for a period of 12 months following a Change in Control, then during the Restricted Periodthereafter, the Executive shall not, either directly or indirectly, on the Executive's ’s own behalf or in the service or on behalf of others, (A) solicit, divert, or hire away, or (B) attempt to solicit, divert, or hire away, to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its AffiliatesAffiliates engaged or experienced in the Business, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. For purposes of this Section 5, “indirectly” means that the Executive canThis restriction does not accomplish something through another that he or she would be prohibited from doing under this Agreementapply after a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (New Commerce Bancorp)

No Recruitment of Personnel. If During the Executive's employment with the Employer is terminated within 12 and for a period of twelve (12) months following a Change in Control, then during the Restricted Periodthereafter, the Executive shall not, either directly or indirectly, on the Executive's own behalf or in the service or on behalf of others, (Ai) solicit, divert, divert or hire away, ; or (Bii) attempt to solicit, divert, or hire away, away to any Competing Business located in the Territory, any employee of or consultant to the Employer or any of its AffiliatesAffiliates engaged or experienced in the Business, regardless of whether the employee or consultant is full-time or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. For purposes This restriction does not apply after a Change of this Section 5, “indirectly” means that the Executive cannot accomplish something through another that he or she would be prohibited from doing under this AgreementControl.

Appears in 1 contract

Samples: Employment Agreement (Independence Bancshares, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.