Common use of RESTRICTION ON HIRING Clause in Contracts

RESTRICTION ON HIRING. Client agrees that during the term of this Master Agreement and within one (1) year of the termination of this Master Agreement, neither Client nor any of its principals, employees or affiliates will hire directly or as an independent contractor, any person who is at that time, or was during the term of this Agreement, an employee of HQ. In the event of a breach of any obligation of Client contained in this paragraph, Client shall be liable to HQ for, and shall pay to HQ, on demand, liquidated damages in the sum of $25,000.00 for each employee with respect to whom such breach shall occur, it being mutually agreed that the actual damage that would be sustained by HQ as the result of any such breach would be, from the nature of the case, extremely difficult to fix and that the aforesaid liquidated damage amount is fair and reasonable.

Appears in 2 contracts

Samples: Master Office Service Agreement (Annuncio Software Inc), Master Office Service Agreement (Shopping Sherlock Inc)

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RESTRICTION ON HIRING. Client agrees that during the term of this Master Agreement and within one (1) year of the termination of this Master Agreement, neither Client nor any of its principals, employees or affiliates will hire directly or as an independent contractor, any person who is at that time, or was during the term of this Agreement, an employee of HQ. In the event of a breach of any obligation of Client contained in this paragraph, . Client shall be liable to HQ for, and shall pay to HQ, on demand, liquidated damages in the sum of $25,000.00 10,000.00 for each employee with respect to whom such breach shall occur, it being mutually agreed that the actual damage that would be sustained by HQ as the result of any such breach would be, from the nature of the case, extremely difficult to fix and that the aforesaid liquidated damage amount is fair and reasonable.

Appears in 2 contracts

Samples: Office Service Agreement (Summit Bancshares Inc/Ca), Office Service Agreement (Summit Bancshares Inc/Ca)

RESTRICTION ON HIRING. Client agrees that during the term of this Master Agreement and within one (1) year of the termination of this Master Agreement, neither Client nor any of its principals, employees or affiliates will hire directly or as an independent contractor, any person who is at that time, or was during the term of this Agreement, an employee of HQ. In the event of a breach of any obligation of Client contained in this paragraph, Client shall be liable to HQ for, and shall pay to HQ, on demand, liquidated damages in the sum of $25,000.00 10,000.00 for each employee with respect to whom such breach shall occur, it being mutually agreed that the actual damage that would be sustained by HQ as the result of any such breach would be, from the nature of the case, extremely difficult to fix and that the aforesaid liquidated damage amount is fair and reasonable. 9.

Appears in 2 contracts

Samples: Office Service Agreement (Planet Sweep Inc), Office Service Agreement (Ameritrade Holding Corp)

RESTRICTION ON HIRING. Client agrees that during the term of this Master Agreement and within one (1) year of the termination of this Master Agreement, neither Client nor any of its it principals, employees or affiliates will hire directly or as an independent contractor, any person who is at that time, or was during the term of this Agreement, an employee of HQ. In the event of a breach of any obligation of Client contained in this paragraph, Client shall be liable to HQ for, and shall pay to HQ, on demand, liquidated damages in the sum of $25,000.00 for each employee with respect to whom such breach shall occur, it being mutually agreed that the actual damage that would be sustained by HQ as the result of any such breach would be, from the nature of the case, extremely difficult to fix and that the aforesaid liquidated damage amount is fair and reasonable.

Appears in 2 contracts

Samples: Master Office Service Agreement (Regenesis Holdings Inc), Master Office Service Agreement (Regenesis Holdings Inc)

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RESTRICTION ON HIRING. Client agrees that during the term of this Master Agreement and within one (1) year of the termination of this Master Agreement, neither Client nor any of its principals, employees or affiliates will hire directly or as an independent contractor, any person who is at that time, or was during the term of this Agreement, an employee of HQ. In the event vent of a breach of any obligation of Client contained in this paragraph, Client shall be liable to HQ for, and shall pay to HQ, on demand, liquidated damages in the sum of $25,000.00 for each employee with respect to whom such breach shall occur, it being mutually agreed that the actual damage that would be sustained by HQ as the result of any such breach would be, from the nature of the case, extremely difficult to fix and that the aforesaid liquidated damage amount is fair and reasonable.

Appears in 1 contract

Samples: Office Service Agreement (Virage Logic Corp)

RESTRICTION ON HIRING. Client agrees that during the term of this Master Agreement and within one (1) year of the termination of this Master Agreement, neither Client nor any of its principals, employees or affiliates will hire directly or as an independent contractor, any person who is at that time, or was during the term of this Agreement, an employee of HQ. In the event of a breach of any obligation of Client contained in this paragraph, Client shall be liable to HQ for, and shall pay to HQ, on demand, liquidated damages in the sum of $25,000.00 10,000.00 for each employee with respect to whom such breach shall occur, it being mutually agreed that the actual damage that would be sustained by HQ as the result of any such breach would be, from the nature of the case, extremely difficult to fix and that the aforesaid liquidated damage amount is fair and reasonable.

Appears in 1 contract

Samples: Office Service Agreement (Verisity LTD)

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