Common use of Participant’s Agreement Clause in Contracts

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 and this Section 10 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 above, and the amendment of Prior Equity Award provisions of subsection 9(i), 10(f) and Section 20, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 and 18 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 8 contracts

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)

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Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award Option constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award provisions of subsection 9(i7(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award Option are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 5 contracts

Samples: Stock Option Agreement (Travelers Companies, Inc.), Stock Option Agreement (Travelers Companies, Inc.), Stock Option Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award provisions of subsection 9(i7(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award prior equity award provisions of subsection 9(i7(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award Option constitutes good, valuable and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award provisions of subsection 9(i7(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award Option are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 3 contracts

Samples: Stock Option Agreement (Travelers Companies, Inc.), Stock Option Agreement (Travelers Companies, Inc.), Stock Option Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 and this Section 10 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 above, and the amendment of Prior Equity Award provisions of subsection 9(i), 10(f) and Section 20, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 and 18 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 3 contracts

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award provisions of subsection 9(i7(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers GroupCompany, including without limitation, the Traveler GroupCompany’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group Company and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award Option constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment recapture provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award prior equity award provisions of subsection 9(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award Option are conditioned on his or her timely acceptance of the XXX Agreement and his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 and 18 hereunderthereafter. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers GroupCompany, even if any provision of Section 7 or this Section 8 may limit the Participant’s ability to earn a livelihood for some period of time. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group Company do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 and this Section 10 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers GroupCompany, including without limitation, the Traveler GroupCompany’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group Company and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment recapture provision of subsection 10(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 above, and the amendment of Prior Equity Award prior equity award provisions of subsection 9(i), 10(f) and Section 20, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her timely acceptance of the XXX Agreement and his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 and 18 hereunderthereafter. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers GroupCompany, even if any provision of Section 9 or this Section 10 may limit the Participant’s ability to earn a livelihood for some period of time. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group Company do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award Option constitutes good, valuable and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award provisions of subsection 9(i7(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award Option are conditioned on his or her compliance with the XXX Agreement POE Agrexxxnt at all times after acceptance of the XXX Agreement POE Agrexxxnt in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Travelers Companies, Inc.)

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Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award Option constitutes good, valuable valuable, and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award provisions of subsection 9(i7(l), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award Option are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 and this Section 10 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers GroupCompany, including without limitation, the Traveler GroupCompany’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group Company and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment recapture provision of subsection 10(b) below below, and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 above, and the amendment of Prior Equity Award prior equity award provisions of subsection 9(i), 10(f) and Section 20, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her timely acceptance of the XXX Agreement and his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 and 18 hereunderthereafter. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers GroupCompany, even if any provision of Section 9 or this Section 10 may limit the Participant’s ability to earn a livelihood for some period of time. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group Company do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable valuable, and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award provisions of subsection 9(i7(l), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 5 and 18 16 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 and this Section 10 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 above, and the amendment of Prior Equity Award provisions of subsection 9(i), 10(f) and Section 20, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement POE Agrexxxnt at all times after acceptance of the XXX Agreement POE Agrexxxnt in accordance with Sections 7 and 18 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 7 and this Section 10 8 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers GroupCompany, including without limitation, the Traveler GroupCompany’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group Company and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment recapture provision of subsection 10(b8(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 7 above, and the amendment of Prior Equity Award prior equity award provisions of subsection 9(i), 10(f8(f) and Section 2018, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her timely acceptance of the XXX Agreement and his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 and 18 hereunderthereafter. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers GroupCompany, even if any provision of Section 7 or this Section 8 may limit the Participant’s ability to earn a livelihood for some period of time. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group Company do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

Participant’s Agreement. The Participant expressly acknowledges that the terms of Section 9 and this Section 10 are material to this Agreement and reasonable and necessary to protect the legitimate interests of the Travelers Group, including without limitation, the Traveler Travelers Group’s Confidential Information, trade secrets, customer and supplier relationships, goodwill and loyalty, and that any violation of these Non-Solicitation Conditions or Confidentiality Conditions by the Participant would cause substantial and irreparable harm to the Travelers Group and other Participants in the Plan. The Participant further acknowledges and agrees that: (i) The receipt of the Award constitutes good, valuable and independent consideration for the Participant’s 's acceptance of and compliance with the provisions of the Award Agreement, including the forfeiture and repayment provision of subsection 10(b) below and the Non-Solicitation Conditions and Confidentiality Conditions of Section 9 above, and the amendment of Prior Equity Award provisions of subsection 9(i9(l), 10(f) and Section 20, below. (ii) The Participant’s rights with respect to the Award are conditioned on his or her compliance with the XXX Agreement at all times after acceptance of the XXX Agreement in accordance with Sections 7 and 18 hereunder. (iii) The scope, duration and activity restrictions and limitations described in this Agreement are reasonable and necessary to protect the legitimate business interests of the Travelers Group. The Participant acknowledges that all restrictions and limitations relating to the Restricted Period will apply regardless of the reason the Participant’s employment ends. The Participant further agrees that any alleged claims the Participant may have against the Travelers Group do not excuse the Participant’s obligations under this Award Agreement.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)

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