Common use of No Solicitation and Non-Competition Clause in Contracts

No Solicitation and Non-Competition. Global Partner will not, (i) in the case of a termination of Global Partner's Employment for any reason effective as of a date prior to the Fourth Anniversary, at any time prior to the later of (x) the Fourth Anniversary or (y) the second anniversary of the termination of Global Partner's Employment pursuant to this Agreement or (ii) in the case of a termination of Global Partner's Employment for any reason effective as of a date after the Fourth Anniversary, at any time prior to the first anniversary of the date a notice of termination of Global Partner's Employment is delivered pursuant to Section 4 of this Agreement, in any such case, without the express prior written consent of the Board of Directors of the Company and INVESCO, directly or indirectly, either engage in or participate in or invest in or assist, as owner, part-owner, shareholder (in the case of any publicly traded company, ownership of any equity interest exceeding 2.5%), partner, principal, director, officer, trustee, employee, agent or consultant, or in any other capacity, any planned or existing firm, corporation, or other business organization (other than the Company and INVESCO (or any subsidiary of the Company or INVESCO) and any foundation established by any AIM Senior Officer which engages in any of the following (except that Global Partner shall be permitted, on his own behalf or on behalf of any new

Appears in 2 contracts

Samples: Employment Agreement (A I M Management Group Inc /De/), Employment Agreement (A I M Management Group Inc /De/)

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No Solicitation and Non-Competition. Global Partner will not, (i) in the case of a termination of Global Partner's Employment for any reason effective as of a date prior to the Fourth Anniversary, at any time prior to the later of (x) the Fourth Anniversary or (y) the second anniversary of the termination of Global Partner's Employment pursuant to this Agreement or (ii) in the case of a termination of Global Partner's Employment for any reason effective as of a date after the Fourth Anniversary, at any time prior to the first anniversary of the date a notice of termination of Global Partner's Employment is delivered pursuant to Section 4 of this Agreement, in any such case, without the express prior written consent of the Board of Directors of the Company and INVESCO, directly or indirectly, either engage in or participate in or invest in or assist, as owner, part-owner, shareholder (in the case of any publicly traded company, ownership of any equity interest exceeding 2.52.5 %), partner, principal, director, officer, trustee, employee, agent or consultant, or in any other capacity, any planned or existing firm, corporation, or other business organization (other than the Company and INVESCO (or any subsidiary of the Company or INVESCO) and any foundation established by any AIM Senior Officer (as defined in Exhibit B, Part I hereto)) which engages in any of the following (except that Global Partner shall be permitted, on his own behalf or on behalf of any newnew business organization established by Global Partner, either alone or together with those other AIM Senior Officers who are then no longer employed by the Company or any member of the AMVESCO Group, to manage the investment of his own personal assets and the assets of such other AIM Senior Officers, together with up to an aggregate of $100 million in assets of any other person or entity):

Appears in 1 contract

Samples: Employment Agreement (A I M Management Group Inc /De/)

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No Solicitation and Non-Competition. Global Partner will not, (i) in the case of a termination of Global Partner's Employment for any reason effective as of a date prior to the Fourth Anniversary, at any time prior to the later of (x) the Fourth Anniversary or (y) the second anniversary of the termination of Global Partner's Employment pursuant to this Agreement or (ii) in the case of a termination of Global Partner's Employment for any reason effective as of a date after the Fourth Anniversary, at any time prior to the first anniversary of the date a notice of termination of Global Partner's Employment is delivered pursuant to Section 4 of this Agreement, in any such case, without the express prior written consent of the Board of Directors of the Company and INVESCO, directly or indirectly, either engage in or participate in or invest in or assist, as owner, part-owner, shareholder (in the case of any publicly traded company, ownership of any equity interest exceeding 2.52.5 %), partner, principal, director, officer, trustee, employee, agent or consultant, or in any other capacity, any planned or existing firm, corporation, or other business organization (other than the Company and INVESCO (or any subsidiary of the Company or INVESCO) and any foundation established by any AIM Senior Officer which engages in any of the following (except that Global Partner shall be permitted, on his own behalf or on behalf of any newany

Appears in 1 contract

Samples: Employment Agreement (A I M Management Group Inc /De/)

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