Common use of Non-Solicitation of Executives/Contractors Clause in Contracts

Non-Solicitation of Executives/Contractors. Executive acknowledges the character of the Company’s business and the substantial amount of time, money, and effort that the Company has spent and will spend in recruiting, hiring, training, and retaining, and developing Confidential Commercial Information relating to, employees and contractors. Executive agrees that he or she will not, during Executive’s employment with the Company and for a period of twelve (12) months following the termination of employment, alone or with others, directly or indirectly, except for the Company’s benefit: (i) Solicit for employment, hire, or employ, or cause to be solicited for employment, hired, or employed, any employee or contractor that Executive has had contact with during his or her relationship with the Company; or (ii) Induce, attempt to induce, encourage or attempt to persuade to leave the Company or otherwise to alter its business relationship with the Company any Company employee or contractor that Executive has had contact with during his or her relationship with the Company. If any court of competent jurisdiction finds that a twelve (12) month restricted period following the termination of employment is not reasonably necessary to protect legitimate business interests of the Company, Executive agrees that the restricted period for the non- solicitation of employees/contractors shall be six (6) months immediately following the termination of employment.

Appears in 3 contracts

Samples: Employment Agreement (Perspective Therapeutics, Inc.), Employment Agreement (Perspective Therapeutics, Inc.), Employment Agreement (Perspective Therapeutics, Inc.)

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Non-Solicitation of Executives/Contractors. Executive acknowledges the character of the Company’s business and the substantial amount of time, money, and effort that the Company has spent and will spend in recruiting, hiring, training, and retaining, and developing Confidential Commercial Information relating to, employees and contractors. Executive agrees that he or she will not, during Executive’s his employment with the Company and for a period of twelve (12) months following the termination of employment, alone or with others, directly or indirectly, except for the Company’s benefit: (i) Solicit for employment, hire, or employ, or cause to be solicited for employment, hired, or employed, any employee or contractor that Executive has had contact with during his or her relationship with the Company; or (ii) Induce, attempt to induce, encourage or attempt to persuade to leave the Company or otherwise to alter its business relationship with the Company any Company employee or contractor that Executive has had contact with during his or her relationship with the Company. If any court or arbitrator of competent jurisdiction finds that a twelve (12) month restricted period following the termination of employment is not reasonably necessary to protect legitimate business interests of the Company, Executive agrees that the restricted period for the non- non-solicitation of employees/contractors shall be six (6) months immediately following the termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Isoray, Inc.)

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