Common use of Notice of Harmful Activity Clause in Contracts

Notice of Harmful Activity. Prior to the third anniversary of such Principal's Employment Termination Date (including during such Principal's employment with the Company Group), each Principal who engages (or intends to engage) in Harmful Activity agrees (A) to notify the Company in writing in reasonable detail at least 30 days prior to engaging in such Harmful Activity, (B) to respond to such questions and furnish such additional information as the Company may request with respect to such Harmful Activity and (C) to update such written notice or inquiries promptly in the event of any circumstances that would cause any notices or responses to be inaccurate or incomplete.

Appears in 2 contracts

Samples: Stockholders Agreement (Neuberger Berman Inc), Stockholders Agreement (Neuberger Berman Inc)

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Notice of Harmful Activity. Prior to the third anniversary of such Principal's Employment Termination Date (including during such Principal's employment with the Company Group), each Principal who engages (or intends to engage) in Harmful Activity agrees (Aa) to notify the Company in writing in reasonable detail at least 30 days prior to engaging in such Harmful Activity, (Bb) to respond to such questions and furnish such additional information as the Company may request with respect to such Harmful Activity and (Cc) to update such written notice or inquiries promptly in the event of any circumstances that would cause any notices or responses to be inaccurate or incomplete.

Appears in 1 contract

Samples: Stockholders Agreement (Lehman Brothers Holdings Inc)

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Notice of Harmful Activity. Prior to the third anniversary of such Principal's Employment Termination Date (including during such Principal's employment with the Company Group)Date, each Principal who ceases to be an employee of the Company and who engages (or intends to engage) in Harmful Activity agrees (Aa) to notify the Company in writing in reasonable detail at least 30 days prior to engaging in such Harmful Activity, (Bb) to respond to such questions and furnish such additional information as the Company may request with respect to such Harmful Activity and (Cc) to update such written notice or inquiries promptly in the event of any circumstances that would cause any notices or responses to be inaccurate or incomplete.

Appears in 1 contract

Samples: Stockholders Agreement (Neuberger Berman Inc)

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