Common use of Reliant Employees Clause in Contracts

Reliant Employees. For a period of three years from the Execution Date, the Merrill Parties shall not solicit or otherwise induce any director, officer or key employee of the Reliant Retail Obligors, or any officer or key employee of the Reliant Parent or its Subsidiaries that is actively involved in the negotiation or administration of this Agreement to leave the employ of the Reliant Retail Obligors, the Reliant Parent or its Subsidiaries; provided that (a) this prohibition shall not apply to (i) directors, officers or key employees of the Reliant Retail Obligors or officers or key employees of the Reliant Parent or its Subsidiaries who are not full time employees or who are not actively involved with the Merrill Parties in negotiating on or administering this Agreement or (ii) officers, directors or key employees of the Reliant Retail Obligors, the Reliant Parent or its Subsidiaries who respond to general solicitations or who otherwise independently seek employment without inducement by any Merrill Party and (b) in the event that (i) the Reliant Parent or any Subsidiary of the Reliant Parent that provides services to the Reliant Retail Obligors under the Reliant Parent Services Agreement becomes subject of a bankruptcy, insolvency or similar proceeding or (ii) the Reliant Parent Services Agreement is terminated, this prohibition shall not apply with respect to any such officer or employee of the Reliant Parent or any of its Subsidiaries who provided services to the Reliant Retail Obligors under the Reliant Parent Services Agreement.

Appears in 2 contracts

Samples: Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc), Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc)

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Reliant Employees. For a period of three years from During the Execution DateScheduled Term, the Merrill Xxxxxxx Parties shall not solicit or otherwise induce any director, officer or key employee of the Reliant Retail Obligors, or any officer or key employee of the Reliant NRG Parent or its Subsidiaries that is actively involved in the negotiation or administration of this Agreement to leave the employ of the Reliant Retail Obligors, the Reliant NRG Parent or its Subsidiaries; provided that (a) this prohibition shall not apply to (i) directors, officers or key employees of the Reliant Retail Obligors or officers or key employees of the Reliant NRG Parent or its Subsidiaries who are not full time employees or who are not actively involved with the Merrill Xxxxxxx Parties in negotiating on or administering this Agreement or (ii) officers, directors or key employees of the Reliant Retail Obligors, the Reliant NRG Parent or its Subsidiaries who respond to general solicitations or who otherwise independently seek employment without inducement by any Merrill Xxxxxxx Party and (b) in the event that (i) the Reliant NRG Parent or any Subsidiary of the Reliant NRG Parent that provides services to the Reliant Retail Obligors under the Reliant NRG Parent Services Agreement becomes subject of a bankruptcy, insolvency or similar proceeding or (ii) the Reliant NRG Parent Services Agreement is terminated, this prohibition shall not apply with respect to any such officer or employee of the Reliant NRG Parent or any of its Subsidiaries who provided services to the Reliant Retail Obligors under the Reliant NRG Parent Services Agreement.

Appears in 1 contract

Samples: Credit Sleeve and Reimbursement Agreement (NRG Energy, Inc.)

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Reliant Employees. For a period of three years from the Execution Date, the Merrill Xxxxxxx Parties shall not solicit or otherwise induce any director, officer or key employee of the Reliant Retail Obligors, or any officer or key employee of the Reliant Parent or its Subsidiaries that is actively involved in the negotiation or administration of this Agreement to leave the employ of the Reliant Retail Obligors, the Reliant Parent or its Subsidiaries; provided that (a) this prohibition shall not apply to (i) directors, officers or key employees of the Reliant Retail Obligors or officers or key employees of the Reliant Parent or its Subsidiaries who are not full time employees or who are not actively involved with the Merrill Xxxxxxx Parties in negotiating on or administering this Agreement or (ii) officers, directors or key employees of the Reliant Retail Obligors, the Reliant Parent or its Subsidiaries who respond to general solicitations or who otherwise independently seek employment without inducement by any Merrill Xxxxxxx Party and (b) in the event that (i) the Reliant Parent or any Subsidiary of the Reliant Parent that provides services to the Reliant Retail Obligors under the Reliant Parent Services Agreement becomes subject of a bankruptcy, insolvency or similar proceeding or (ii) the Reliant Parent Services Agreement is terminated, this prohibition shall not apply with respect to any such officer or employee of the Reliant Parent or any of its Subsidiaries who provided services to the Reliant Retail Obligors under the Reliant Parent Services Agreement.

Appears in 1 contract

Samples: Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc)

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