Common use of Promise Not To Compete against Clause in Contracts

Promise Not To Compete against. Cigna Companies: The Promise in this paragraph 7(c)(2) will remain in effect after your Termination of Employment only if you resign for any reason or a Cigna company terminates your employment for your misconduct, as described in paragraph 7(c)(1)(A). The Promise will not remain in effect, for example, if your Termination of Employment is due to the elimination of your job. (A) If you are in Career Band 6 or higher on your Termination of Employment date: You Promise not to become employed by, work as a consultant or independent contractor for, or in any way render services or assistance to any Cigna Competitor (defined in paragraph 7(c)(2)(C) below) at any time during the period that starts on the grant date and ends 12 months after your Termination of Employment. You acknowledge and agree that: (i) Cigna’s business competes on a global basis; (ii) Cigna’s sales and marketing plans are for continued expansion throughout the United States of America and globally; (iii) You have had access to and received Confidential Information (described in paragraph 7(c)(5)(B) below); and (iv) The time restrictions and global nature of this non-competition restriction are reasonable and necessary to protect Cigna’s business and Confidential Information. (B) If you are in Career Band 5 or below on your Termination of Employment date: You Promise not to become employed by, work as a consultant or independent contractor for, or in any way render services or assistance to any Cigna Competitor (defined in paragraph 7(c)(2)(C) below) at any time during the period that starts on the grant date and ends 12 months after your Termination of Employment, if that work is similar to, and within the same geographic area as, the work you performed, or for which you had responsibility, at any Cigna company at any time during the six-month period that ends on your Termination of Employment date. For example: (i) If you are a sales employee and your sales territory at any time during your last six months of Cigna company employment is Pennsylvania, New Jersey, and New York, this paragraph 7(c)(2)(B) would apply to you only if you work in a sales position for a Cigna Competitor and only to the extent your new sales territory is Pennsylvania, New Jersey, and/or New York; (ii) If you are an underwriter with nationwide responsibilities at any time during your last six months of Cigna company employment, and you seek a job with a Cigna Competitor as an underwriter, the restrictions in paragraph 7(c)(2)(B) would be nationwide in scope; or (iii) If you work in a particular division or segment of Cigna, you would not be permitted to work in a similar division or segment for a Cigna Competitor where the work you are expected to perform for the competitor is similar to the work you performed for any Cigna company. You acknowledge and agree that you have had access to and received Confidential Information (described in paragraph 7(c)(5)(B) below) and the above time and geographic restrictions are reasonable and necessary to protect Cigna’s business and Confidential Information.

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (Cigna Corp), Nonqualified Stock Option Grant Agreement (Cigna Corp), Restricted Stock Unit Grant Agreement (Cigna Corp)

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Promise Not To Compete against. Cigna Companies: The Promise in this paragraph 7(c)(2) will remain in effect after your Termination of Employment only if you resign for any reason or a Cigna company terminates your employment for your misconduct, as described in paragraph 7(c)(1)(A). The Promise will not remain in effect, for example, if your Termination of Employment is due to the elimination of your job.: (A) If you are in Career Band 6 or higher on your Termination of Employment date: You Promise not to become employed by, work as a consultant or independent contractor for, or in any way render services or assistance to any Cigna Competitor (defined in paragraph 7(c)(2)(C) below) at any time during the period that starts on the grant date Grant Date and ends 12 months after your Termination of Employment. You acknowledge and agree that: (i) Cigna’s business competes on a global basis; (ii) Cigna’s sales and marketing plans are for continued expansion throughout the United States of America and globally; (iii) You have had access to and received Confidential Information (described in paragraph 7(c)(5)(B) below); and (iv) The time restrictions and global nature of this non-competition restriction are reasonable and necessary to protect Cigna’s business and Confidential Information. (B) If you are in Career Band 5 or below on your Termination of Employment date: You Promise not to become employed by, work as a consultant or independent contractor for, or in any way render services or assistance to any Cigna Competitor (defined in paragraph 7(c)(2)(C) below) at any time during the period that starts on the grant date Grant Date and ends 12 months after your Termination of Employment, if that work is similar to, and within the same geographic area as, the work you performed, or for which you had responsibility, at any Cigna company at any time during the six-month period that ends on your Termination of Employment date. For example: (i) If you are a sales employee and your sales territory at any time during your last six months of Cigna company employment is Pennsylvania, New Jersey, and New York, this paragraph 7(c)(2)(B) would apply to you only if you work in a sales position for a Cigna Competitor and only to the extent your new sales territory is Pennsylvania, New Jersey, and/or New York; (ii) If you are an underwriter with nationwide responsibilities at any time during your last six months of Cigna company employment, and you seek a job with a Cigna Competitor as an underwriter, the restrictions in paragraph 7(c)(2)(B) would be nationwide in scope; or (iii) If you work in a particular division or segment of Cigna, you would not be permitted to work in a similar division or segment for a Cigna Competitor where the work you are expected to perform for the competitor is similar to the work you performed for any Cigna company. You acknowledge and agree that you have had access to and received Confidential Information (described in paragraph 7(c)(5)(B) below) and the above time and geographic restrictions are reasonable and necessary to protect Cigna’s business and Confidential Information.

Appears in 3 contracts

Samples: Nonqualified Stock Option Grant Agreement (Cigna Corp), Restricted Stock Grant Agreement (Cigna Corp), Nonqualified Stock Option Grant Agreement (Cigna Corp)

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Promise Not To Compete against. Cigna Companies: The Promise in this paragraph 7(c)(2) will remain in effect after your Termination of Employment only if you resign for any reason or a Cigna company terminates your employment for your misconduct, as described in paragraph 7(c)(1)(A). The Promise will not remain in effect, for example, if your Termination of Employment is due to the elimination of your job.: (A) If you are in Career Band 6 or higher on your Termination of Employment date: You Promise not to become employed by, work as a consultant or independent contractor for, or in any way render services or assistance to any Cigna Competitor (defined in paragraph 7(c)(2)(C) below) at any time during the period that starts on the grant date Grant Date and ends 12 months after your Termination of Employment. You acknowledge and agree that: (i) Cigna’s business competes on a global basis; (ii) Cigna’s sales and marketing plans are for continued expansion throughout the United States of America and globally; (iii) You have had access to and received Confidential Information (described in paragraph 7(c)(5)(B) below); and (iv) The time restrictions and global nature of this non-competition restriction are reasonable and necessary to protect Cigna’s business and Confidential Information. (B) If you are in Career Band 5 or below on your Termination of Employment date: You Promise not to become employed by, work as a consultant or independent contractor for, or in any way render services or assistance to any Cigna Competitor (defined in paragraph 7(c)(2)(C) below) at any time during the period that starts on the grant date Grant Date and ends 12 months after your Termination of Employment, if that work is similar to, and within the same geographic area as, the work you performed, or for which you had responsibility, at any Cigna company at any time during the six-month period that ends on your Termination of Employment date. For example: (i) If you are a sales employee and your sales territory at any time during your last six months of Cigna company employment is Pennsylvania, New Jersey, and New York, this paragraph 7(c)(2)(B) would apply to you only if you work in a sales position for a Cigna Competitor and only to the extent your new sales territory is Pennsylvania, New Jersey, and/or New York; (ii) If you are an underwriter with nationwide responsibilities at any time during your last six months of Cigna company employment, and you seek a job with a Cigna Competitor as an underwriter, the restrictions in paragraph 7(c)(2)(B) would be nationwide in scope; or (iii) If you work in a particular division or segment of Cigna, you would not be permitted to work in a similar division or segment segment for a Cigna Competitor where the work you are expected to perform for the competitor is similar to the work you performed for any Cigna company. You acknowledge and agree that you have had access to and received Confidential Information (described in paragraph 7(c)(5)(B) below) and the above time and geographic restrictions are reasonable and necessary to protect Cigna’s business and Confidential Information.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Cigna Corp)

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