Common use of Non-Recruitment of Employees by Executive Clause in Contracts

Non-Recruitment of Employees by Executive. While employed by the Company or any of its subsidiaries or affiliates, and until the Payment Period provided in Section 4(b)(i) has ended (whether or not the Executive is entitled to the payments and benefits provided in Section 4(b)) in the event a Change in Control occurs while the Executive is employed by the Company or any of its subsidiaries or affiliates, the Executive agrees not to directly or indirectly solicit or attempt to solicit any employee of the Company or any of its subsidiaries or affiliates for the purpose of encouraging, enticing, or causing said employee to terminate employment with the Company or any of its subsidiaries or affiliates.

Appears in 8 contracts

Samples: Change in Control Agreement (Pinnacle Bankshares Corp), Change in Control Agreement (Pinnacle Bankshares Corp), Change in Control Agreement (Pinnacle Bankshares Corp)

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