Noncompete Agreement. (i) Section 7 of the Employment Agreement is hereby amended and restated in its entirety as follows: “This Agreement incorporates all the terms of the Noncompete Agreement executed by the Company and Employee, as set forth in Exhibit B hereto, as if fully set forth herein. The parties hereby acknowledge that any severance payments made under Section 5 of this Agreement in addition to any other payments made to Employee in connection with Employee’s execution of the Noncompete Agreement shall be consideration for Employee’s covenant not to compete with the Company.” (ii) The Noncompete Agreement attached to the Employment Agreement is hereby replaced in its entirety by the Noncompete Agreement executed by the Company and Employee and attached hereto as Exhibit B, which shall be included as the new Exhibit B to the Employment Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Nivalis Therapeutics, Inc.), Employment Agreement (Nivalis Therapeutics, Inc.), Employment Agreement (Nivalis Therapeutics, Inc.)
