Common use of Protected Employees Clause in Contracts

Protected Employees. Executive understands and agrees that the relationships between the Company and its Protected Employees (defined herein) constitute valuable assets of the Company and may not be converted to Executive’s own use. Accordingly, Executive agrees that, during the Restricted Period, Executive shall not, directly or indirectly, for himself or for another person or entity, solicit or induce any Protected Employee to terminate his employment relationship with the Company or enter into employment with any other person or entity. The term “Protected Employee” means any employee of the Company who were employed by the Company at any time during the twelve (12) months prior to the Executive’s last day of employment with the Company. A Protected Employee whose employment with CCC is terminated involuntarily shall cease to be considered a Protected Employee immediately following his last day of employment. A Protected Employee who voluntarily terminates his employment with CCC shall cease to be considered a Protected Employee six (6) months after his last day of employment with CCC.

Appears in 4 contracts

Samples: Consolidated Container Co LLC, Consolidated Container Co LLC, Consolidated Container Co LLC

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