Common use of Prohibited Activity Clause in Contracts

Prohibited Activity. Notwithstanding any other provision of this Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period or within two years after the date your employment with the Company Group terminates, then your right to receive payment under this Agreement, to the extent still outstanding at that time, shall be completely forfeited. A “Prohibited Activity” shall be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Carriage Services Inc), Performance Unit Award Agreement (Carriage Services Inc), Performance Unit Award Agreement (Carriage Services Inc)

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Prohibited Activity. Notwithstanding any other provision of this these Terms and Conditions or the Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period or within two years after the date your employment with the Company Group terminates, then your right to receive payment under this the Agreement, to the extent still outstanding at that time, shall be completely forfeited. A “Prohibited Activity” shall be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Xxxxx Xxxxxx Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Xxxxx Xxxxxx Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Baker Hughes Inc), Performance Unit Award Agreement (Baker Hughes Inc), Performance Unit Award Agreement (Baker Hughes Inc)

Prohibited Activity. Notwithstanding any other provision of this these Terms and Conditions or the Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period Group or within two years after the date your employment with the Company Group terminates, then your right to receive payment under this Agreementthe Shares, to the extent still outstanding at that time, shall be completely forfeited. A “Prohibited Activity” shall be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Xxxxx Xxxxxx Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Xxxxx Xxxxxx Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Baker Hughes Inc), Restricted Stock Award Agreement (Baker Hughes Inc)

Prohibited Activity. Notwithstanding any other provision of this these Terms and Conditions or the Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period Group or within two years after the date your employment with the Company Group terminates, then your right to receive payment under this Agreementthe shares of the Common Stock, to the extent still outstanding at that time, shall be completely forfeited. A “Prohibited Activity” shall be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Xxxxx Xxxxxx Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Xxxxx Xxxxxx Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Baker Hughes Inc), Restricted Stock Unit Award Agreement (Baker Hughes Inc)

Prohibited Activity. Notwithstanding any other provision of this these Terms and Conditions or the Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period Group or within two years after the date of your employment with the Company Group terminatesTermination of Employment, then your right to receive payment under this Agreementthe shares of the Common Stock, to the extent still outstanding at that time, shall will be completely forfeited. A "Prohibited Activity” shall " will be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Company Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Baker Hughes Inc), Restricted Stock Unit Award Agreement (Baker Hughes Inc)

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Prohibited Activity. Notwithstanding any other provision of this these Terms and Conditions or the Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period or within two years after the date your employment with the Company Group terminates, then your right to receive payment under this the Agreement, to the extent still outstanding at that time, shall be completely forfeited. A “Prohibited Activity” shall be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Bxxxx Hxxxxx Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Bxxxx Hxxxxx Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Baker Hughes Inc), Performance Unit Award Agreement (Baker Hughes Inc)

Prohibited Activity. Notwithstanding any other provision of this these Terms and Conditions or the Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period Group or within two years after the date your employment with the Company Group terminates, then your right to receive payment under this Agreementthe shares of the Common Stock, to the extent still outstanding at that time, shall be completely forfeited. A “Prohibited Activity” shall be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Bxxxx Hxxxxx Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Bxxxx Hxxxxx Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Baker Hughes Inc)

Prohibited Activity. Notwithstanding any other provision of this these Terms and Conditions or the Agreement, if you engage in a “Prohibited Activity,” as described below, while employed by one or more members of the Company Group, during the Performance Period Group or within two years after the date your employment with the Company Group terminates, then your right to receive payment under this Agreementthe shares of the Common Stock, to the extent still outstanding at that time, shall be completely forfeited. A “Prohibited Activity” shall be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if you divulge any non-public, confidential or proprietary information of the Company or of its past, present or future affiliates (collectively, the “Carriage Services Inc. Group”), but excluding information that (a) becomes generally available to the public other than as a result of your public use, disclosure, or fault, or (b) becomes available to you on a non-confidential basis after your employment termination date from a source other than a member of the Carriage Services Inc. Company Group prior to the public use or disclosure by you, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Newfield Exploration Co /De/)

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