Nonsolicitation Obligations. In consideration of Employer’s promises to provide Executive with Confidential Information and to authorize him to engage in activities that will create new and additional Confidential Information upon execution and delivery of this Agreement, and the other promises and undertakings of Employer in this Agreement, Executive agrees that, while he is employed by Employer and/or any of its Affiliates and for a 2-year period following the end of that employment for any reason, he shall not engage in any of the following activities (the “Restricted Activities”): (a) He will not, whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, or entice, or endeavor to solicit, induce, persuade, or entice, any person who is then employed by or otherwise engaged to perform services for Employer or its Affiliates to leave that employment or cease performing those services; and (b) He will not, whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, or entice, or endeavor to solicit, induce, persuade, or entice, any person who is then a customer, supplier, or vendor of Employer or any of its Affiliates to cease being a customer, supplier, or vendor of Employer or any of its Affiliates or to divert all or any part of such person’s or entity’s business from Employer or any of its Affiliates. Executive acknowledges and agrees that the restrictions contained in this Paragraph 9 are ancillary to an otherwise enforceable agreement, including without limitation the mutual promises and undertakings set forth in Paragraph 8; that Employer’s promises and undertakings set forth in Paragraph 8 and Executive’s position and responsibilities with Employer give rise to Employer’s interest in restricting Executive’s post-employment activities; that such restrictions are designed to enforce Executive’s promises and undertakings set forth in this Paragraph 9 and his common-law obligations and duties owed to Employer and its Affiliates; that the restrictions are reasonable and necessary, are valid and enforceable under Texas law, and do not impose a greater restraint than necessary to protect Employer’s goodwill, Confidential Information, and other legitimate business interests; that he will immediately notify Employer in writing should he believe or be advised that the restrictions are not, or likely are not, valid or enforceable under Texas law or the law of any other state that he contends or is advised is applicable; that the mutual promises and undertakings of Employer and Executive under Paragraphs 8 and 9 are not contingent on the duration of Executive’s employment with Employer; that absent the promises and representations made by Executive in this Paragraph 9 and Paragraph 8, Employer would require him to return any Confidential Information in his possession, would not provide Executive with new and additional Confidential Information, would not authorize Executive to engage in activities that will create new and additional Confidential Information, and would not enter or have entered into this Agreement; and that his obligations under Paragraphs 8 and 9 supplement, rather than supplant, his common-law duties of confidentiality and loyalty owed to Employer. Employer agrees that any action that is undertaken by a subsequent employer of Executive will not be treated as an action by Executive for purposes of the foregoing provisions of this Paragraph 9 unless Executive personally engages in a Restricted Activity, whether directly or indirectly.
Appears in 7 contracts
Samples: Transition Agreement (Hyperdynamics Corp), Employment Agreement (Hyperdynamics Corp), Employment Agreement (Hyperdynamics Corp)
Nonsolicitation Obligations. In consideration of Employer’s promises to provide Executive with Confidential Information and to authorize him to engage in activities that will create new and additional Confidential Information upon execution and delivery of this Agreement, and the other promises and undertakings of Employer in this Agreement, Executive agrees that, while he is employed by Employer and/or any of its Affiliates and for a 2two-year period following the end of that employment for any reason, he shall not engage in any of the following activities (the “Restricted Activities”):
(a) He he will not, whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, persuade or entice, or endeavor to solicit, induce, persuade, or entice, any person who is then employed by or otherwise engaged to perform services for Employer or its Affiliates to leave that employment or cease performing those services; and
(b) He he will not, whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, persuade or entice, or endeavor to solicit, induce, persuade, persuade or entice, any person who is then a customer, supplier, supplier or vendor of Employer or any of its Affiliates to cease being a customer, supplier, supplier or vendor of Employer or any of its Affiliates or to divert all or any part of such person’s or entity’s business from Employer or any of its Affiliates. Executive acknowledges and agrees that (i) the restrictions contained in this Paragraph Section 9 are ancillary to an otherwise enforceable agreement, including without limitation the mutual promises and undertakings set forth in Paragraph Section 8; that , (ii) Employer’s promises and undertakings set forth in Paragraph Section 8 and Executive’s position and responsibilities with Employer give rise to Employer’s interest in restricting Executive’s post-employment activities; that , (iii) such restrictions are designed to enforce Executive’s promises and undertakings set forth in this Paragraph Section 9 and his common-law obligations and duties owed to Employer and its Affiliates; that the , (iv) these restrictions are reasonable and necessary, are valid and enforceable under Texas law, law and do not impose a greater restraint than necessary to protect Employer’s goodwill, Confidential Information, Information and other legitimate business interests; that , (v) he will immediately notify Employer in writing should he believe or be advised by legal counsel retained by Executive that the these restrictions are not, or likely are not, valid or enforceable under Texas law or the law of any other state that he contends or is advised is applicable; that , (vi) the mutual promises and undertakings of Employer and Executive under Paragraphs Sections 8 and 9 are not contingent on the duration of Executive’s employment with Employer; that , (vii) absent the promises and representations made by Executive in this Paragraph Section 9 and Paragraph in Section 8, Employer would require him to return any Confidential Information in his possession, would not provide Executive with new and additional Confidential Information, would not authorize Executive to engage in activities that will create new and additional Confidential Information, Information and would not enter or have entered into this Agreement; , and that (viii) his obligations under Paragraphs Sections 8 and 9 supplement, rather than supplant, his common-law duties of confidentiality and loyalty owed to Employer. Employer agrees that any action that is undertaken by a subsequent employer of Executive will not be treated as an action by Executive for purposes of the foregoing provisions of this Paragraph Section 9 unless Executive personally engages in a Restricted Activity, whether directly or indirectly.
Appears in 2 contracts
Samples: Employment Agreement (Sterling Chemicals Inc), Employment Agreement (Sterling Chemicals Inc)
Nonsolicitation Obligations. (a) In consideration of Employer’s promises to provide Executive with Confidential Information and Materials and to authorize him to engage in activities that will create new and additional Confidential Information and Materials upon execution and delivery of this Agreement, and the other promises and undertakings of Employer in this Agreement, Executive agrees that, while he is employed by Employer and/or any of its Affiliates and for a 2-year period following the end of that employment for any reason, he shall not engage in any of the following activities while he is employed by Employer Group and during the twenty-four (24) month period following the “Restricted Activities”):
(a) He will not, Employment Termination Date that occurs for any reason whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, or entice, or endeavor to solicit, induce, persuade, or entice, any person “Person” (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (or any successor section thereto)) who is or was during the twenty-four (24) months preceding the time of the solicitation or hiring, then employed by or otherwise engaged to perform services for any member of the Employer or its Affiliates Group to leave that employment or cease performing those services; and.
(b) He will not, whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, or entice, or endeavor to solicit, induce, persuade, or entice, any person who is then a customer, supplier, or vendor of Employer or any of its Affiliates to cease being a customer, supplier, or vendor of Employer or any of its Affiliates or to divert all or any part of such person’s or entity’s business from Employer or any of its Affiliates. Executive acknowledges and agrees that the restrictions contained in this Paragraph 9 are ancillary to an otherwise enforceable agreement, including without limitation the mutual promises and undertakings set forth in Paragraph 88 and Paragraph 10; that Employer’s promises and undertakings set forth in Paragraph 8 and Executive’s position and responsibilities with Employer give rise to Employer’s interest in restricting Executive’s post-employment activities; that such restrictions are designed to enforce Executive’s promises and undertakings set forth in this Paragraph 9 and his common-law obligations and duties owed to the Employer Group, and its Affiliates; that the such restrictions are reasonable and necessary, are valid and enforceable under Texas Oklahoma law, and do not impose a greater restraint than necessary to protect Employer’s goodwill, Confidential InformationInformation and Materials, and other legitimate business interests; that he will immediately notify Employer in writing should he believe or be advised that the restrictions are not, or likely are not, valid or enforceable under Texas law or the law of any other state that he contends or is advised is applicable; that the mutual promises and undertakings of Employer and Executive under Paragraphs Paragraph 8 and this Paragraph 9 are not contingent on the duration of Executive’s employment with Employer; that absent the promises and representations made by Executive in this Paragraph 9 and Paragraph 8, Employer would require him to return any Confidential Information and Materials in his possession, would not provide Executive with new and additional Confidential InformationInformation and Materials, would not authorize Executive to engage in activities that will create new and additional Confidential InformationInformation and Materials, and would not enter or have entered into this Agreement; and that his obligations under Paragraphs Paragraph 8 and this Paragraph 9 supplement, rather than supplant, his common-law duties of confidentiality and loyalty owed to Employer. the Employer agrees that Group and any action that is undertaken by a subsequent employer of Executive will not be treated as an action by Executive for purposes of the foregoing provisions of this Paragraph 9 unless Executive personally engages in a Restricted Activity, whether directly or indirectlysimilar obligations under Executive’s Stockholder Agreement.
Appears in 1 contract
Nonsolicitation Obligations. In consideration of Employer’s promises to provide Executive with Confidential Information and to authorize him to engage in activities that will create new and additional Confidential Information upon execution and delivery of this Agreement, and the other promises and undertakings of Employer in this Agreement, Executive agrees that, while he is employed by Employer and/or any of its Affiliates and for a two (2-) year period following the end of that employment for any reason, he shall not engage in any of the following activities (the “Restricted Activities”):
(a) He will not, whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, or entice, or endeavor to solicit, induce, persuade, or entice, any person who is then employed by or otherwise engaged to perform services for Employer or its Affiliates to leave that employment or cease performing those services; and
(b) He will not, whether on his own behalf or on behalf of any other individual, partnership, firm, corporation or business organization, either directly or indirectly solicit, induce, persuade, or entice, or endeavor to solicit, induce, persuade, or entice, any person or entity who is then a customer, supplier, or vendor of Employer or any of its Affiliates to cease being a customer, supplier, or vendor of Employer or any of its Affiliates or to divert all or any part of such person’s or entity’s business from Employer or any of its Affiliates. Executive acknowledges and agrees that the restrictions contained in this Paragraph 9 8 are ancillary to an otherwise enforceable agreement, including without limitation the mutual promises and undertakings set forth in Paragraph Paragraphs 7 and 8; that Employer’s promises and undertakings set forth in Paragraph Paragraphs 7 and 8 and Executive’s position and responsibilities with Employer give rise to Employer’s interest in restricting Executive’s post-employment activities; that such restrictions are designed to enforce Executive’s promises and undertakings set forth in this Paragraph 9 8 and his common-law obligations and duties owed to Employer and its Affiliates; that the restrictions are reasonable and necessary, are valid and enforceable under Texas law, and do not impose a greater restraint than necessary to protect Employer’s goodwill, Confidential Information, and other legitimate business interests; that he will immediately notify Employer in writing should he believe or be advised that the restrictions are not, or likely are not, valid or enforceable under Texas law or the law of any other state that he contends or is advised is applicable; that the mutual promises and undertakings of Employer and Executive under Paragraphs 7 and 8 and 9 are not contingent on the duration of Executive’s employment with Employer; that absent the promises and representations made by Executive in this Paragraph 9 8 and Paragraph 87, Employer would require him to return any Confidential Information in his possession, would not provide Executive with new and additional Confidential Information, would not authorize Executive to engage in activities that will create new and additional Confidential Information, and would not enter or have entered into this Agreement; and that his obligations under Paragraphs 7 and 8 and 9 supplement, rather than supplant, his common-law duties of confidentiality and loyalty owed to Employer. Employer agrees that any action that is undertaken by a subsequent employer of Executive will not be treated as an action by Executive for purposes of the foregoing provisions of this Paragraph 9 8 unless Executive personally engages in a Restricted Activity, whether directly or indirectly.
Appears in 1 contract