Noncompetition/Nonsolicitation Period. The provisions of Paragraph 14 shall continue to apply with respect to Employee for a period of one year following the date of termination.
Noncompetition/Nonsolicitation Period. The provisions of Paragraph 14 shall continue, beyond the time periods set forth in such paragraph, to apply with respect to Employee for the shorter of (x) twelve months following the date of termination or (y) until such time as the Company has failed to comply with the provisions of Paragraph 7.b.i for a an uninterrupted 10-day period and such failure is not cured within 5 days after written notice of such failure is delivered to at least two directors of the Company (other than Employee).
Noncompetition/Nonsolicitation Period. In the event of a termination under Paragraph 8.a within one year after a Change of Control the provisions of Paragraph 14 shall continue to apply as stated in paragraph 7.b.v.
Noncompetition/Nonsolicitation Period. Apax would expect that EMT stockholders would be subject to covenants applicable for the later of five years following the closing or two-years following termination of employment1 that would prevent the management stockholder from (i) participating, directly or indirectly (including as an investor) in the insurance brokerage business in North America or any other area where New Holdings or any of its affiliates conducts business or (ii) soliciting or hiring employees of New Holdings or any of its affiliates or (iii) interfering with the business relationships of New Holdings or any of its affiliates, including relationships with customers. The same restrictive covenants above would apply to the other management stockholders who are delivering the Rollover Commitment but the applicable period would be the later of three years following the closing or two-years following termination of employment.
Noncompetition/Nonsolicitation Period. The provisions of Paragraphs 14 and 15 shall, at the option of the Company in its sole discretion, continue to apply with respect to Employee for a period of up to one year following the date of termination, so long as the Company: (x) provides a written notice to Employee within 5 business days after Employee's termination that the Company wishes to exercise its right to require that Employee not compete and not solicit in accordance with Paragraphs 14 and 15 hereof; and (y) Company thereafter pays to Employee in periodic installments, without interest, in accordance with the regular salary payment practices of the Company an amount equal to (.
1) the amount of Employee's annual Base Salary as in effect immediately prior to Employee's date of termination, multiplied by (.
2) the number of months that the Company is requiring the non-competition and non-solicitation covenants to remain in place, divided by 12. The first such installment of Base Salary and target bonus shall be paid on or before the delivery of the notice described in the prior sentence of this Paragraph 7a(ii). The non-competition and non-solicitation provisions of this Agreement shall no longer apply to Employee if the Company fails to pay the amounts required under this Section 7a(ii) for an uninterrupted 10-day period and such failure is not cured with 5 days after written notice of such failure is delivered to the Company.
Noncompetition/Nonsolicitation Period. In the event of a termination under the circumstances described in Paragraph 3.4, the provisions of Paragraphs 5 and 6 shall be without force and effect and shall not apply to the Employee.
Noncompetition/Nonsolicitation Period. In the event of a termination under the circumstances described in Paragraph 8a., the provisions of Paragraphs 14 and 15 shall be without force and effect and shall not apply to Employee.
Noncompetition/Nonsolicitation Period. The provisions of Paragraphs 14 and 15 shall continue, beyond the time periods set forth in such paragraphs, to apply with respect to Employee for six (6) months following the date of termination, and at the end of such six (6) month period, the Company shall have the right to extend the time period of noncompetition and nonsolicitation for an additional six (6) months by giving written notice to Employee of such extension and paying to Employee an amount equal to one-half the amount of Employee's annual Base Salary and one-half the target bonus under the Management Bonus Program as in effect immediately prior to his date of termination. At the election of the Company, the cash amount referred to in the prior sentence of this Paragraph 7b.vx. xxy be paid to Employee in periodic installments in accordance with the regular salary payment practices of the Company, with the first such installment to be paid on or before the delivery of the notice described in the first sentence of this Paragraph 7b.vx., xnd no interest shall be paid with respect to any amount paid in installments. The noncompetition and nonsolicitation provisions of this Agreement shall no longer apply to Employee if the Company fails to pay the amounts required under the provisions of Paragraph 7b.i. or the first two sentences of this Paragraph 7b.vx. xxr an uninterrupted 10-day period and such failure is not cured within 5 days after written notice of such failure is delivered to the Company.
c. The provisions of this Paragraph 7 shall apply if Employee's employment is terminated prior to or more than one year after the occurrence of a Change of Control (as defined in Paragraph 8c.). From the occurrence of any Change of Control until the first anniversary of such Change of Control, the provisions of Paragraph 8 shall apply in place of this Paragraph 7, except that in the event that Employee's employment is terminated by Employee after a Change of Control without Good Reason, then the provisions of Paragraph 8 shall not apply and the provisions of Paragraph 7a. shall apply. Termination upon death, disability and retirement are covered by Paragraphs 9, 10, and 11, respectively.
Noncompetition/Nonsolicitation Period. The provisions of Paragraph 9 shall continue to apply with respect to Employee for a period of one-year following the date of termination.
Noncompetition/Nonsolicitation Period. The provisions of Paragraph 14 and 15 shall continue, beyond the time periods set forth in such paragraphs, to apply with respect to employee for the shorter of (x) twenty-four (24) months following the date of termination or (y) until such time as the Company has failed to comply with the provisions of subparagraph 8.a. for an uninterrupted 10-day period and such failure is not cured within 15 days after written notice of such failure is delivered to at least two non-employee directors of the Company, provided, that in such circumstances, Employee shall remain entitled to exercise his rights under this Agreement. However, in the case of a termination occurring during a Change of Control Period, the provisions of Paragraphs 14 and 15 shall be without force and effect and shall not apply to Employee.
