Obligation to Pursue Replacement Employment and Verification of Continued Eligibility for Non-Competition Period Payments. Employee is obligated to diligently seek and pursue replacement employment that does not violate Section 7 of this Agreement (“replacement employment”) during any period in which Employee seeks and/or accepts payment from Company under this Section 9. After eligibility for non-competition period payments is established, Employee will, on or before the 15th day of each month of eligibility for continued payments, submit to Company a written statement (i) identifying by name and address all prospective employers with whom Employee has applied or inquired about employment; (ii) identifying positions sought with each listed employer and specific actions taken in seeking each position; (iii) describing all other efforts made to obtain replacement employment; and (iv) describing any offers of employment received, including the name of the employer; the nature, title, and compensation terms of the position offered; the actual or anticipated start date if the offer has been accepted; and the reason(s) for declining if the offer was declined.
Appears in 5 contracts
Samples: Non Competition and Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.), And Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.), Competition and Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.)
Obligation to Pursue Replacement Employment and Verification of Continued Eligibility for Non-Competition Period Payments. Employee is obligated to diligently seek and pursue replacement employment that does not violate Section 7 of this Agreement (“"replacement employment”") during any period in which Employee seeks and/or accepts payment from Company under this Section 9. After eligibility for non-competition period payments is established, Employee will, on or before the 15th day of each month of eligibility for continued payments, submit to Company a written statement (i) identifying by name and address all prospective employers with whom Employee has applied or inquired about employment; (ii) identifying positions sought with each listed employer and specific actions taken in seeking each position; (iii) describing all other efforts made to obtain replacement employment; and (iv) describing any offers of employment received, including the name of the employer; the nature, title, and compensation terms of the position offered; the actual or anticipated start date if the offer has been accepted; and the reason(s) for declining if the offer was declined.
Appears in 3 contracts
Samples: Non Competition and Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.), Non Competition and Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.), Non Competition and Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.)
Obligation to Pursue Replacement Employment and Verification of Continued Eligibility for Non-Competition Period Payments. Employee is obligated to diligently seek and pursue replacement employment that does not violate Section 7 of this Agreement (“replacement employmentReplacement Employment”) during any period in which Employee seeks and/or accepts payment from Company under this Section 9Section. After eligibility for non-competition period payments is established, Employee will, on or before the 15th day of each month of eligibility for continued payments, submit to Company a written statement (i) identifying by name and address all prospective employers with whom Employee has applied or inquired about employment; (ii) identifying positions sought or applied for with each listed employer and specific actions taken in seeking each position; (iii) describing all other efforts made to obtain replacement employmentReplacement Employment; and (iv) describing any offers of employment received, including the name of the employer; the nature, title, and compensation terms of the position offered; whether the offer has been accepted and if so the actual or anticipated start date if the offer has been accepteddate; and the reason(s) for declining if the offer was declined, the reason(s) for declining.
Appears in 3 contracts
Samples: And Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.), And Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.), And Non Solicitation Agreement (ZimVie Inc.)