Notification of New Employment Clause Samples
The Notification of New Employment clause requires an individual, typically an employee or contractor, to inform their current or former employer when they accept a new job or engagement. In practice, this clause may specify a timeframe within which the notification must be made and may require details about the new employer or position, especially if there are concerns about conflicts of interest or restrictive covenants such as non-compete agreements. Its core function is to help the employer monitor compliance with post-employment obligations and manage potential risks related to confidential information or competition.
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Notification of New Employment. Employee acknowledges and agrees that for a period of one (1) year following the date of termination of Employee’s employment with the Company, Employee will inform the Company, prior to the acceptance of any job or any work as an independent contractor, of the identity of any new employer or other entity to which Employee is providing consulting or other services, along with Employee’s starting date, title, job description, salary, and any other information which the Company may reasonably request to confirm Employee’s compliance with the terms of this Agreement. If Employee does not provide all information reasonably requested by the Company as provided in this Section, the Company’s time to respond to a request for release from the Non-Competition provision under Section 3 will be extended to six (6) weeks, or until such time as the information is provided for the Company to make an informed decision.
Notification of New Employment. The Shareholder agrees that during the period commencing on the Closing Date and ending on the fourth anniversary of the later of the Closing Date or the Effective Time, prior to becoming an employee or partner of or consultant to any person or entity engaged in any aspect of the insurance business that extends beyond his current ownership interests in Employers Trust Management Group and Endowment Development Group, Executive shall (i) provide written notice of such employment, partnership or consultancy to the Company, and (ii) provide such person or entity with a copy of this Agreement; provided, however, that Shareholder may redact Section 3 of this Agreement in providing a copy of this Agreement to such person or entity.
Notification of New Employment. Employee acknowledges and agrees that Employee may not provide services to any other third parties during the Transition Period without the written approval of the Chief Executive Officer of the Company. Employee will notify the Company within five (5) business days upon Employee’s acceptance of a new offer of employment or contract services with another company. Employee acknowledges and agrees that failure to notify the Company within five (5) business days of acceptance of a new offer of employment or contract services is a material breach of this Agreement and entitles the Company to stop providing, and to seek repayment of, the consideration set forth in Section 2.
Notification of New Employment. Before Executive accepts employment, or enters in to any consulting or other professional or business engagement, with any Person while any of Section 8 is in effect, he will provide such Person with written notice of the provisions of Section 8 and will deliver a copy of the notice to the Company.
Notification of New Employment. Executive agrees that during the period commencing on the Termination Date and ending on the later of the second anniversary of the Termination Date or the fourth anniversary of the Closing Date, prior to becoming an employee or partner of or consultant to any person or entity engaged in any aspect of the insurance business that extends beyond his current ownership interests in Employers Trust Management Group and Endowment Development Group, Executive shall (i) provide written notice of such employment, partnership or consultancy to the Company, and (ii) provide such person or entity with a copy of the provisions of Section 6 of this Agreement.
Notification of New Employment. Employee acknowledges and agrees that for a period of one (1) year following the date of termination of Employee’s employment with the Company, Employee will inform the Company, prior to the acceptance of any job or any work as an independent contractor, of the identity of any new employer or other entity to which Employee is providing consulting or other services, along with Employee’s starting date, title, job description, salary, and any other information that the Company may reasonably request to confirm Employee’s compliance with the terms of this Agreement. Failure to provide all of this information to the Company may result in forfeiture of the Non-Competition Payment described above.
Notification of New Employment. Employee acknowledges and agrees that for a period of one (1) year following the date of termination of Employee’s employment with UA, Employee will inform the Vice President, Employment in writing prior to the acceptance of any job or any work as an independent contractor, of the identity of any new employer or other entity to which Employee is providing consulting or other services, along with Employee’s starting date, title, job description, salary, and any other information that the Company may reasonably request to confirm Employee’s compliance with the terms of this Agreement. Failure to provide all of this information to the Company may result in forfeiture of the Non-Competition Payment described above.
Notification of New Employment. Employee acknowledges and agrees that for a period of one (1) year following the Termination Date, Employee will inform UA, prior to accepting any employment or other work, of the identity of any new employer or other entity to which Employee is providing consulting or other services, along with Employee’s starting date, title, job description, salary, and any other information that UA may reasonably request to confirm Employee’s compliance with the terms of this Agreement. Employee also shall provide to UA any documentation that UA may reasonably request, including Employee’s offer letter. Employee’s failure to provide all of these information and documents to UA may result in forfeiture of the Noncompetition Payment described above.
Notification of New Employment. If Employee requests the Company to waive its rights to enforce the noncompetition provisions of Paragraph 3, Employee acknowledges and agrees that for a period of one (1) year following the date of termination of Employee’s employment with the Company, Employee will inform the Company, prior to the acceptance of any job or any work as an independent contractor, of the identity of any new employer or other entity to which Employee is providing consulting or other services, along with Employee’s starting date, title, job description, and any other information which the Company may reasonably request to confirm Employee’s compliance with the terms of this Agreement. If Employee does not provide all information reasonably requested by the Company as provided in this Section, the Company’s time to respond to a request for release from the Non-Competition provision under Section 3 will be extended to six (6) weeks, or until such time as the information is provided for the Company to make an informed decision.
Notification of New Employment. For the period of two years following the Effective Date of this Agreement, you agree that you will promptly notify the Company in writing of the identity and address of any person or entity by which you become employed or to whom you otherwise provide services.