Common use of No Solicitation or Hiring Clause in Contracts

No Solicitation or Hiring. During the Term, without the prior express written consent of NewCo, Contributor shall not (and shall not attempt to, permit or cause any of its affiliates, subsidiaries, contractors or representatives or their respective owners, directors, officers, employees, contractors, agents, representatives or third parties to) hire or solicit to hire any Dealership employee that worked for the Dealership as of the Closing Date (each, a “Restricted Party”); provided, however, that a general solicitation or advertisement not specifically targeted to a Restricted Party is not in and of itself a breach of this Agreement.

Appears in 4 contracts

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

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No Solicitation or Hiring. During the Term, without the prior express written consent of NewCoNewCos, Contributor Contributors shall not (and shall not attempt to, permit or cause any of its affiliates, subsidiaries, contractors or representatives or their respective owners, directors, officers, employees, contractors, agents, representatives or third parties to) hire or solicit to hire any Dealership employee that worked for the a Dealership as of the Closing Date (each, a “Restricted Party”); provided, however, that a general solicitation or advertisement not specifically targeted to a Restricted Party is not in and of itself a breach of this Agreement.

Appears in 2 contracts

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

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