Common use of Restriction on Solicitation of Employees Clause in Contracts

Restriction on Solicitation of Employees. During the Restricted Period, neither the Seller, the Stockholder nor any of their Affiliates shall, directly or indirectly, recruit, solicit, induce, or attempt to induce any of the employees or independent contractors of Buyer or any of its Affiliates to terminate their employment or contractual relationship with Buyer or any such Affiliate; and neither the Seller, the Stockholder nor any of their Affiliates shall assist any other Person to do so, or be a proprietor, equityholder, investor (except as an investor holding not more than 1% of the capital stock or other securities of a publicly held company), lender, partner, director, officer, employee, consultant, or representative of any Person who does or attempts to do so.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Kanakaris Wireless), Asset Purchase Agreement (Intervisual Books Inc /Ca)

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Restriction on Solicitation of Employees. During the Restricted Period, neither the SellerSellers shall not hire, the Stockholder nor any of their Affiliates shall, or directly or indirectly, indirectly recruit, solicit, induce, or attempt to induce induce, any of the employees or independent contractors of Company, the Buyer or any of its Affiliates to terminate their employment or contractual relationship with Company, the Buyer or such Affiliate or otherwise interfere with the relationship between Company, Buyer or any such Affiliate; of its Affiliates and neither the Seller, the Stockholder nor any of their Affiliates respective employees or independent contractors; and Sellers shall not assist any other Person to do so, or be a proprietor, equityholder, investor (except as an investor holding not more than 1% of the capital stock or other securities of a publicly held company), lender, partner, director, officer, employee, consultant, or representative representative, or in any other capacity, of any Person who does or attempts to do so.

Appears in 1 contract

Samples: Stock Purchase Agreement (GlyEco, Inc.)

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Restriction on Solicitation of Employees. During the Restricted Period, neither the SellerSellers shall not hire, the Stockholder nor any of their Affiliates shall, or directly or indirectly, indirectly recruit, solicit, induce, or attempt to induce induce, any of the employees or independent contractors of Company, the Buyer or any of its Affiliates to terminate their employment or contractual relationship with Company, the Buyer or such Affiliate or otherwise interfere with the relationship between Company, Buyer or any such Affiliate; of its Affiliates and neither the Seller, the Stockholder nor any of their Affiliates respective employees or independent contractors; and Sellers shall not assist any other Person to do so, or be a proprietor, equityholder, investor (except as an investor holding not more than 13% of the capital stock or other securities of a publicly held company), lender, partner, director, officer, employee, consultant, or representative representative, or in any other capacity, of any Person who does or attempts to do so.

Appears in 1 contract

Samples: Stock Purchase Agreement (GlyEco, Inc.)

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