Nonsolicitation of Clients. The Executive hereby agrees that during the Noncompete Restricted Period, the Executive shall not, in any manner, directly or indirectly, (a) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Firm, to the extent the Executive is soliciting a Client to provide them with services that would be considered a Competing Activity if such services were provided by the Executive, or (b) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm and a Client. For purposes of this Agreement, the term “Solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “Client” means any client or prospective client of the Firm, whether or not the Firm has been engaged by such Client pursuant to a written agreement; provided that an entity which is not a client of the Firm shall be considered a “prospective client” for purposes of this sentence only if the Firm made a presentation or written proposal to such entity during the 12-month period preceding the Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of Termination.
Appears in 24 contracts
Samples: Retention and Noncompetition Agreement (Lazard Group LLC), Agreement Relating to Retention and Noncompetition and Other Covenants (Lazard, Inc.), Retention and Noncompetition Agreement (Lazard LTD)
Nonsolicitation of Clients. The Executive hereby agrees that during the Noncompete Restricted Restriction Period, the Executive shall not, in any manner, directly or indirectly, (a) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Firm, to the extent the Executive is soliciting a Client to provide them with services that would be considered a Competing Activity if such services were provided by the Executive, or (b) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm and a Client. For purposes of this Agreement, the term “Solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “Client” means any client or prospective client of the Firm, whether or not the Firm has been engaged by such Client pursuant to a written agreement; provided that an entity which is not a client of the Firm shall be considered a “prospective client” for purposes of this sentence only if the Firm made a presentation or written proposal to such entity during the 12-month period preceding the Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of Termination.
Appears in 3 contracts
Samples: Retention and Noncompetition Agreement (LAZ-MD Holdings LLC), Retention and Noncompetition Agreement (Lazard LTD), Retention and Noncompetition Agreement (Lazard LTD)
Nonsolicitation of Clients. The Executive hereby agrees that during the Noncompete Restricted Restriction Period, the Executive shall not, in any manner, directly or indirectlyindirectly (other than in respect of the activities of Xxxxxxxxxxx & Co., LP that do not involve the direct rendering of services by the Executive), (ai) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Firm, to the extent the Executive is soliciting a Client to provide them with services that would be considered a Competing Activity if such services were provided by the ExecutiveCompany, or (bii) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm Company and a Client. For purposes of this Agreement, the term “Solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “Client” means any client or prospective client of the FirmCompany, whether or not the Firm Company has been engaged by such Client pursuant to a written agreement; provided that an entity which is not a client of the Firm Company shall be considered a “prospective client” for purposes of this sentence only if the Firm Company made a presentation or written proposal to such entity during the 12-month period preceding the Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of Termination.
Appears in 1 contract
Samples: Retention and Noncompetition Agreement (Lazard LTD)
Nonsolicitation of Clients. The Executive hereby agrees that during the Noncompete Restricted Restriction Period, the Executive shall not, in any manner, directly or indirectlyindirectly (other than in respect of the activities of Xxxxxxxxxxx & Co., LP that do not involve the direct rendering of services by the Executive), (a) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Firm, to the extent the Executive is soliciting a Client to provide them with services that would be considered a Competing Activity if such services were provided by the ExecutiveCompany, or (b) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm Company and a Client. For purposes of this Agreement, the term “Solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “Client” means any client or prospective client of the FirmCompany, whether or not the Firm Company has been engaged by such Client pursuant to a written agreement; provided that an entity which is not a client of the Firm Company shall be considered a “prospective client” for purposes of this sentence only if the Firm Company made a presentation or written proposal to such entity during the 12-month period preceding the Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of Termination.
Appears in 1 contract
Samples: Retention and Noncompetition Agreement (Lazard LTD)
Nonsolicitation of Clients. The Executive hereby agrees that while employed by the Company during the Employment Period and thereafter during the Noncompete Restricted Restriction Period, the Executive shall not, in any manner, directly or indirectlyindirectly (other than in respect of the activities of Wxxxxxxxxxx & Co., LP that do not involve the direct rendering of services by the Executive), (ai) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Firm, to the extent the Executive is soliciting a Client to provide them with services that would be considered a Competing Activity if such services were provided by the ExecutiveCompany, or (bii) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm Company and a Client. For purposes of this Agreement, the term “Solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “Client” means any client or prospective client of the FirmCompany, whether or not the Firm Company has been engaged by such Client client pursuant to a written agreement; provided that an entity which is not a client of the Firm Company shall be considered a “prospective client” for purposes of this sentence only if the Firm Company made a presentation or written proposal to such entity during the 12-month period preceding the Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of Termination.
Appears in 1 contract
Samples: Retention and Noncompetition Agreement (Lazard Group LLC)
Nonsolicitation of Clients. The Executive hereby agrees that during the Noncompete Restricted Period, the Executive shall not, in any manner, directly or indirectly, (a) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Firm, to the extent the Executive is soliciting a Client to provide them with services that would be considered a Competing Activity if such services were provided by the Executive, or (b) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm and a Client. For purposes of this Agreement, the term “Solicit” means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “Client” means any client or prospective client of the Firm, whether or not the Firm has been engaged by such Client pursuant to a written agreement; provided that an entity which is not a client of the Firm shall be considered a “prospective client” for purposes of this sentence only if the Firm made a presentation or written proposal to such entity during the 12-month period preceding the Final Termination Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of TerminationFinal Termination Date.
Appears in 1 contract
Samples: Retention and Noncompetition Agreement (Lazard LTD)
Nonsolicitation of Clients. The Executive hereby agrees that during the Noncompete Restricted Restriction Period, the Executive shall not, in any manner, directly or indirectlyindirectly (other than in respect of the activities of Xxxxxxxxxxx & Co., LP that do not involve the direct rendering of services by the Executive), (a) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with the Firm, to the extent the Executive is soliciting a Client to provide them with services that would be considered a Competing Activity if such services were provided by the ExecutiveCompany, or (b) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm Company and a Client. For purposes of this Agreement, the term “"Solicit” " means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “"Client” " means any client or prospective client of the FirmCompany, whether or not the Firm Company has been engaged by such Client pursuant to a written agreement; provided agreement;provided that an entity which is not a client of the Firm Company shall be considered a “"prospective client” " for purposes of this sentence only if the Firm Company made a presentation or written proposal to such entity during the 12-month period preceding the Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of Termination.
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