Common use of Non-Solicitation and Non-Hire Clause in Contracts

Non-Solicitation and Non-Hire. For a period of three (3) years after the Closing Date, Seller will not, directly or indirectly: (i) solicit the business of any Person who is a customer of Purchaser, the Company or their Affiliates for the purpose of a Competing Business; (ii) cause, induce or attempt to cause or induce any customer, supplier, licensee, licensor, franchisee, employee, consultant or other business relation of Purchaser, the Company or their Affiliates to cease doing business with Purchaser, the Company or their Affiliates, to deal with any competitor of Purchaser, the Company or their Affiliates or in any way interfere with its relationship with Purchaser, the Company or their Affiliates, all of the foregoing solely as it relates to the Acquired Business; or (iii) hire, retain or attempt to hire or retain any employee of Purchaser, the Company or their Affiliates (current, or former if such Person was an employee or independent contractor in the twelve-month period prior to the relevant time period) or in any way interfere with the relationship between Purchaser, the Company or their Affiliates and any of their employees or independent contractors. Notwithstanding the foregoing nor any other provision herein to the contrary, nothing in item (iii) above shall prohibit the recruiting or hiring of any individual that is recruited or hired in response to any “help wanted” general advertisement or other general solicitation seeking employees, whether made on a national, local or regional basis.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Payment Data Systems Inc)

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Non-Solicitation and Non-Hire. For a period of three (3) years after During the Closing DateRestricted Period, Seller and each Seller Principal will not, directly or indirectly: (i) solicit the business of any Person who is a customer of Purchaser, Purchaser or its Affiliates or the Company or their Affiliates for the purpose of a Competing Acquired Business; (ii) cause, induce or attempt to cause or induce any customer, supplier, licensee, licensor, franchisee, employee, consultant or other business relation of Purchaser, its Affiliates or the Company or their Affiliates Acquired Business to cease doing business with Purchaser, the Company Purchaser or their its Affiliates, to deal with any competitor of PurchaserPurchaser or its Affiliates, the Company or their Affiliates or in any way interfere with its relationship with Purchaser, the Company its Affiliates or their Affiliates, all of the foregoing solely as it relates to the Acquired Business; or (iii) hire, retain or attempt to hire or retain any employee of PurchaserPurchaser or its Affiliates, or any employee of Seller hired by Purchaser in connection with the Company or their Affiliates Transaction (current, or former if such Person was an employee or independent contractor in the twelve-month period prior to the relevant time period) ), or in any way interfere with the relationship between Purchaser, the Company or their Purchaser and its Affiliates and any of their employees or independent contractors. Notwithstanding the foregoing nor any other provision herein to the contrary, nothing in item (iii) above shall prohibit the recruiting or hiring of any individual that is recruited or hired in response to any “help wanted” general advertisement or other general solicitation seeking employees, whether made on a national, local or regional basis.

Appears in 1 contract

Samples: Asset Purchase Agreement (Usio, Inc.)

Non-Solicitation and Non-Hire. For a period of three five (35) years after the Closing Date, Seller Seller, Xxxx and/or Xxxxx will not, directly or indirectly: (i) solicit the business of any Person who is a customer of Purchaser, the Company Purchaser or their its Affiliates for the purpose of a Competing Business; (ii) cause, induce or attempt to cause or of induce any customer, supplier, licensee, licensor, franchisee, employee, consultant or other business relation of Purchaser, the Company Purchaser or their its Affiliates to cease doing business with Purchaser, the Company Purchaser or their its Affiliates, to deal with any competitor of Purchaser, the Company Purchaser or their its Affiliates or in any way interfere with its relationship with Purchaser, the Company Purchaser or their its Affiliates, all of the foregoing solely as it relates to the Acquired Business; or (iii) hire, retain or attempt to hire or retain any employee of Purchaser, the Company Purchaser or their its Affiliates (current, or former if such Person was an employee or independent contractor in the twelve-month period prior to the relevant time period) or in any way interfere with the relationship between Purchaser, the Company Purchaser or their its Affiliates and any of their its employees or independent contractors. Notwithstanding the foregoing nor not any other provision herein to the contrary, nothing in item (iii) above shall prohibit the recruiting or hiring of or any individual that is recruited or hired in response to any “help wanted” general advertisement or other general solicitation seeking employees, whether made on a national, local or regional basis.

Appears in 1 contract

Samples: Asset Purchase Agreement (Precision Optics Corporation, Inc.)

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Non-Solicitation and Non-Hire. For a period of three (3) years after the Closing Date, Seller will not, directly or indirectly: (i) solicit the business of any Person who is a customer of Purchaser, the Company or their Affiliates for the purpose of a Competing Business; (ii) cause, induce or attempt to cause or induce any customer, supplier, licensee, licensor, franchisee, employee, consultant or other business relation of Purchaser, the Company or their Affiliates to cease doing business with Purchaser, the Company or their Affiliates, to deal with any competitor of Purchaser, the Company or their Affiliates or in any way interfere with its relationship with Purchaser, the Company or their Affiliates, all of the foregoing solely as it relates to the Acquired Business; or (iii) hire, retain or attempt to hire or retain any employee of Purchaser, the Company or their Affiliates (current, or former if such Person was an employee or independent contractor in the twelve-month period prior to the relevant time period) or in any way interfere with the relationship between Purchaser, the Company or their Affiliates and any of their employees or independent contractors. Notwithstanding the foregoing nor any other provision herein to the contrary, nothing in item (iii) above shall prohibit the recruiting or hiring of any individual that is recruited or hired in response to any “help wanted” general advertisement or other general solicitation seeking employees, whether made on a national, local or regional basis.. (c)

Appears in 1 contract

Samples: Membership Interest Purchase Agreement

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