Common use of Nonsolicitation and Noncompetition Clause in Contracts

Nonsolicitation and Noncompetition. (a) Employee agrees that during the term of his/her employment with the Company and for a period of one (1) year immediately following the termination of Employee’s employment with Company for any reason whatsoever, whether with or without cause, (i) Employee shall not, either directly or indirectly, solicit, induce, recruit or encourage any employees of the Company and/or its affiliates to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of Company and/or its affiliates, either for Employee or for any other Person and (ii) neither the Employee, nor any firm, organization or corporation in which he is interested, shall, for any reason, directly or indirectly, persuade or attempt to persuade any investor, licensor, licensee, supplier or customer of Company, or any potential investor, licensor, licensee, supplier or customer to which Company and/or its affiliates have made a presentation or with which Company and/or its affiliates have been having discussions, to not transact business with Company and/or its affiliates or to transact business with the Employee or any other Person as an alternative to or in addition to Company and/or its affiliates. (b) Employee agrees that during the term of his/her employment with the Company and for a period of one (1) year immediately following the termination of Employee’s employment with Company for any reason whatsoever, whether with or without cause, Employee shall not, anywhere in the world, engage, either directly or indirectly, whether as a principal or as an agent, officer, director, employee, consultant, shareholder, partner or otherwise, alone or in association with any other Person, in any Competing Business. For purposes of this Agreement, the term “Competing Business” shall mean any Person engaged in the development or commercialization of products that are the same or substantially similar to, or that directly compete with, those products developed or commercialized by the Company.

Appears in 5 contracts

Samples: Employment Agreement (Recro Pharma, Inc.), Employment Agreement (Recro Pharma, Inc.), Employment Agreement (Recro Pharma, Inc.)

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Nonsolicitation and Noncompetition. (a) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, (i) Employee the Executive shall not, either directly or indirectly, solicit, induce, recruit or encourage any employees of the Company and/or its affiliates to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company and/or its affiliates, either for Employee the Executive or for any other Person and (ii) neither the EmployeeExecutive, nor any firm, organization or corporation in which he or she is interested, shall, for any reason, directly or indirectly, persuade or attempt to persuade any investor, licensor, licensee, supplier or customer of Company, or any potential investor, licensor, licensee, supplier or customer to which the Company and/or its affiliates have made a presentation or with which the Company and/or its affiliates have been having discussions, to not transact business with the Company and/or its affiliates or to transact business with the Employee Executive or any other Person as an alternative to or in addition to the Company and/or its affiliates. (b) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, Employee the Executive shall not, anywhere in the world, engage, either directly or indirectly, whether as a principal or as an agent, officer, director, employee, consultant, shareholder, partner or otherwise, alone or in association with any other Person, in any Competing Business. For purposes of this Agreement, the term “Competing Business” shall mean any Person engaged in the development or commercialization of products that are the same or substantially similar to, or that directly compete with, those products developed developed, commercialized or commercialized actively in development or commercialization by the Company.

Appears in 3 contracts

Samples: Employment Agreement (Baudax Bio, Inc.), Employment Agreement (Baudax Bio, Inc.), Employment Agreement (Baudax Bio, Inc.)

Nonsolicitation and Noncompetition. (a) Employee Executive agrees that during the term of his/her employment with the Company and for a period of one (1) year immediately following the termination of EmployeeExecutive’s employment with Company for any reason whatsoever, whether with or without cause, (i) Employee Executive shall not, either directly or indirectly, solicit, induce, recruit or encourage any employees of the Company and/or its affiliates to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of Company and/or its affiliates, either for Employee Executive or for any other Person and (ii) neither the EmployeeExecutive, nor any firm, organization or corporation in which he is interested, shall, for any reason, directly or indirectly, persuade or attempt to persuade any investor, licensor, licensee, supplier or customer of Company, or any potential investor, licensor, licensee, supplier or customer to which Company and/or its affiliates have made a presentation or with which Company and/or its affiliates have been having discussions, to not transact business with Company and/or its affiliates or to transact business with the Employee Executive or any other Person as an alternative to or in addition to Company and/or its affiliates. (b) Employee Executive agrees that during the term of his/her employment with the Company and for a period of one (1) year immediately following the termination of EmployeeExecutive’s employment with Company for any reason whatsoever, whether with or without cause, Employee Executive shall not, anywhere in the world, engage, either directly or indirectly, whether as a principal or as an agent, officer, director, employee, consultant, shareholder, partner or otherwise, alone or in association with any other Person, in any Competing Business. For purposes of this Agreement, the term “Competing Business” shall mean any Person engaged in the development or commercialization of products that are the same or substantially similar to, or that directly compete with, those products developed developed, commercialized or commercialized actively in development or commercialization by the Company.

Appears in 3 contracts

Samples: Employment Agreement (Recro Pharma, Inc.), Employment Agreement (Recro Pharma, Inc.), Employment Agreement (Recro Pharma, Inc.)

Nonsolicitation and Noncompetition. (a) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, (i) Employee with the exception of employees with whom Executive had a pre-existing work relationship prior to his employment by the Company, the Executive shall not, either directly or indirectly, solicit, induce, recruit or encourage any employees of the Company and/or its affiliates to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company and/or its affiliates, either for Employee the Executive or for any other Person and (ii) neither the EmployeeExecutive, nor any firm, organization or corporation in which he or she is interested, shall, for any reason, directly or indirectly, persuade or attempt to persuade any investor, licensor, licensee, supplier or customer of Companythe Company or its affiliates, or any potential investor, licensor, licensee, supplier or customer to which the Company and/or its affiliates have made a presentation or with which the Company and/or its affiliates have been having discussions, to not transact business with the Company and/or its affiliates or to transact business with the Employee Executive or any other Person as an alternative to or in addition to the Company and/or its affiliates. (b) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, Employee the Executive shall not, anywhere in the world, engage, either directly or indirectly, whether as a principal or as an agent, officer, director, employee, consultant, shareholder, partner or otherwise, alone or in association with any other Person, in any Directly Competing Business. For purposes of this Agreement, the term “Directly Competing Business” shall mean any Person engaged in the development or commercialization sale of specific products or services that are the same or substantially similar to, or that directly compete with, those products or services specifically developed or commercialized sold by the CompanyCompany or its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Recro Pharma, Inc.)

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Nonsolicitation and Noncompetition. (a) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, (i) Employee with the exception of employees with whom Executive had a pre-existing work relationship prior to the Effective Date, the Executive shall not, either directly or indirectly, solicit, induce, recruit or encourage any employees of the Company and/or its affiliates to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company and/or its affiliates, either for Employee the Executive or for any other Person and (ii) neither the EmployeeExecutive, nor any firm, organization or corporation in which he or she is interested, shall, for any reason, directly or indirectly, persuade or attempt to persuade any investor, licensor, licensee, supplier or customer of Companythe Company or its affiliates, or any potential investor, licensor, licensee, supplier or customer to which the Company and/or its affiliates have made a presentation or with which the Company and/or its affiliates have been having discussions, to not transact business with the Company and/or its affiliates or to transact business with the Employee Executive or any other Person as an alternative to or in addition to the Company and/or its affiliates. (b) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, Employee the Executive shall not, anywhere in the world, engage, either directly or indirectly, whether as a principal or as an agent, officer, director, employee, consultant, shareholder, partner or otherwise, alone or in association with any other Person, in any Directly Competing Business. For purposes of this Agreement, the term “Directly Competing Business” shall mean any Person engaged in the development or commercialization sale of specific products or services that are the same or substantially similar to, or that directly compete with, those products or services specifically developed or commercialized sold by the CompanyCompany or its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Recro Pharma, Inc.)

Nonsolicitation and Noncompetition. (a) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, (i) Employee the Executive shall not, either directly or indirectly, solicit, induce, recruit or encourage any employees of the Company and/or its affiliates to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company and/or its affiliates, either for Employee the Executive or for any other Person and (ii) neither the EmployeeExecutive, nor any firm, organization or corporation in which he or she is interested, shall, for any reason, directly or indirectly, persuade or attempt to persuade any investor, licensor, licensee, supplier or customer of Companythe Company or its affiliates, or any potential investor, licensor, licensee, supplier or customer to which the Company and/or its affiliates have made a presentation or with which the Company and/or its affiliates have been having discussions, to not transact business with the Company and/or its affiliates or to transact business with the Employee Executive or any other Person as an alternative to or in addition to the Company and/or its affiliates. (b) Employee The Executive agrees that during the term of his/his or her employment with the Company and for a period of one (1) year immediately following the termination of Employeethe Executive’s employment with the Company for any reason whatsoever, whether with or without cause, Employee the Executive shall not, anywhere in the world, engage, either directly or indirectly, whether as a principal or as an agent, officer, director, employee, consultant, shareholder, partner or otherwise, alone or in association with any other Person, in any Directly Competing Business. For purposes of this Agreement, the term “Directly Competing Business” shall mean any Person engaged in the development or commercialization of products that are the same or substantially similar to, or that directly compete with, those products developed developed, commercialized or commercialized actively in development or commercialization by the CompanyCompany or its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Baudax Bio, Inc.)

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