Common use of Non-Solicitation Period Clause in Contracts

Non-Solicitation Period. In this Confidentiality and Non-Solicitation Agreement, the term "Non-Solicitation Period" means the time beginning on the effective date of this Confidentiality and Non-Solicitation Agreement and ending twelve (12) months after the effective date of the termination of Employee's employment irrespective of the time, manner or cause of termination, so long as Employee's annualized cash compensation (i.e., non-equity compensation) from Employer is at least 60% of the then-current minimum annualized salary (determined on a calendar-year basis) for a highly compensated employee under Colorado's Publication and Yearly Calculation of Adjusted Labor Compensation (PAY CALC) Order (the "Compensation Threshold"). For any period that would otherwise fall within the Non-Solicitation Period that Employee's annualized cash compensated from Employer falls below the Compensation Threshold while Employee is a current employee of Employer, the obligations in this Article III will be inoperative.