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 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 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. 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.
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. 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 Paragraph 10 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 Paragraphs 11 and 12 shall, at the option of the Company in its sole discretion, continue to apply with respect to Employee for a period of up to two years following the date of termination, (a) unless the Company provides a written notice to Employee within 5 business days after Employee's termina tion that the Company does not wish to exercise its right to require that Employee not compete and not solicit in accordance with Paragraphs 11 and 12 hereof; and (b) provided 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 (x) the amount of Employee's annual Base Salary as in effect immediately prior to Employee's date of termination, multiplied by (y) the number of months that the Company is requiring the non-competition and non-solicitation covenants to remain in place, divided by 12.
Noncompetition/Nonsolicitation Period. The provisions of Paragraphs 11 and 12 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 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 6.b.(4), 6.b.(4) may 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 6.b.(4), 6.b.(4), and no interest shall be paid with respect to any amount paid in installments.
