Non-Solicitation and hiring of other’s employees. During the term of this agreement, each party may have contact with key personnel of the other party. In order to preserve the integrity of our relationship, the Customer and BlueBridge One agree not to, and not to assist any third party to, without the prior written consent of the other party hereto, solicit for employment, engage or utilise the services of any person who is then, or who was within the immediately preceding twelve (12) months, an employee of the other party (including any consultant retained by BlueBridge One to provide services to you under this Agreement). The provisions of this clause shall remain in effect for a period ending one year after the latest to occur of: (a) termination of Maintenance, or (b) completion of the Professional Services. In the event of a breach of this clause, the breaching party shall pay to the other party, as liquidated damages and not as a penalty, a sum equal to one hundred fifty percent (150%) of the annual compensation agreed to be paid by the breaching party to the person hired. This remedy is in addition to any other remedies available at law or in equity.
Appears in 4 contracts
Samples: Terms of Service, Terms of Service, Terms of Service
Non-Solicitation and hiring of other’s employees. During the term of this agreement, each party may have contact with key personnel of the other party. In order to preserve the integrity of our relationship, the Customer and BlueBridge One agree not to, and not to assist any third party to, without the prior written consent of the other party hereto, solicit for employment, engage or utilise the services of any person who is then, or who was within the immediately preceding twelve (12) months, an employee of the other party (including any consultant retained by BlueBridge One to provide services to you under this Agreement). The provisions of this clause shall remain in effect for a period ending one year after the latest to occur of: (a) termination of Maintenance, or (b) completion of the Professional Services. In the event of a breach of this clause, the breaching party shall pay to the other party, as liquidated damages and not as a penalty, a sum equal to one hundred fifty percent (150%) of the annual compensation agreed to be paid by the breaching party to the person hired. This remedy is in addition to any other remedies available at law or in equityinequity.
Appears in 1 contract
Samples: Terms of Service