Common use of RESTRICTIVE COVENANT/NO SOLICITATION Clause in Contracts

RESTRICTIVE COVENANT/NO SOLICITATION. (a) Employee hereby covenants and agrees that, during the Term, or for such longer period as Employee receives cash compensation under this Agreement, Employee shall not directly or indirectly, either as a principal, agent, employee, employer, consultant, partner, member or manager of a limited liability company, shareholder of a closely held corporation, or shareholder in excess of two percent (2%) of a publicly traded corporation, corporate officer or director, or in any other individual or representative capacity, engage or otherwise participate in any manner or fashion in any gaming business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's Affiliates, in or about any market in which Employer or Employer's Affiliates have or have publicly announced a plan for gaming operations. Employee hereby further covenants and agrees that the restrictive covenant contained in this Paragraph 10 is reasonable as to duration, terms and geographical area and that the same protects the legitimate interests of Employer, imposes no undue hardship on Employee, and is not injurious to the public. (b) Employee hereby further covenants and agrees that, for the period described in Subparagraph 10(a), Employee shall not directly or indirectly solicit or attempt to solicit for employment any management level employee of Employer or Employer's Affiliates with or on behalf of any business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's Affiliates, in or about any market in which Employer or Employer's Affiliates have or plan gaming or hotel operations.

Appears in 2 contracts

Samples: Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Las Vegas LLC)

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RESTRICTIVE COVENANT/NO SOLICITATION. (a) Employee hereby covenants and agrees that, during the Term, or for such longer period as Employee receives cash compensation under this Agreement, whichever period is shorter, Employee shall not directly or indirectlynot, either as a principal, agent, employee, employer, consultant, partner, member or manager of a limited liability company, shareholder of a closely held corporation, or shareholder in excess of two percent (2%) of a publicly traded corporation, corporate officer or director, or in any other individual or representative capacity, engage or otherwise participate in any manner or fashion in any gaming or hotel business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's ’s Affiliates, in or about any market in which Employer or Employer's ’s Affiliates have or have publicly announced a plan for gaming or hotel operations. Employee hereby further covenants and agrees that the restrictive covenant contained in this Paragraph 10 11 is reasonable as to duration, terms and geographical area and that the same protects the legitimate interests of Employer, imposes no undue hardship on Employee, and is not injurious to the public. (b) Employee hereby further covenants and agrees that, for the period described in Subparagraph 10(a11(a), Employee shall not directly or indirectly solicit or attempt to solicit for employment any management level employee of Employer or Employer's ’s Affiliates with or on behalf of any business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's ’s Affiliates, in or about any market in which Employer or Employer's ’s Affiliates have or have publicly announced a plan for gaming or hotel operations.

Appears in 1 contract

Samples: Employment Agreement (Wynn Las Vegas Capital Corp)

RESTRICTIVE COVENANT/NO SOLICITATION. (a) Employee hereby covenants and agrees that, during the remainder of the Term, or for such longer period as Employee receives cash compensation notwithstanding a termination of this Agreement under this AgreementParagraph 7, Employee shall not directly or indirectly, either as a principal, agent, employee, employer, consultant, partner, member or manager of a limited liability company, shareholder of a closely held corporation, or shareholder in excess of two percent (2%) of a publicly traded corporation, corporate officer or director, or in any other individual or representative capacity, engage or otherwise participate in any manner or fashion in any gaming or hotel business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's ’s Affiliates, in or about any market in which Employer or Employer's ’s Affiliates have or have publicly announced a plan for gaming or hotel operations. Employee hereby further covenants and agrees that the restrictive covenant contained in this Paragraph 10 11 is reasonable as to duration, terms and geographical area and that the same protects the legitimate interests of Employer, imposes no undue hardship on Employee, and is not injurious to the public. (b) Employee hereby further covenants and agrees that, for the period described in Subparagraph 10(a11(a), Employee shall not directly or indirectly indirectly, and Employee shall not suffer others to, solicit or attempt to solicit for employment any management level employee of Employer or Employer's ’s Affiliates with or on behalf of any business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's ’s Affiliates, in or about any market in which Employer or Employer's ’s Affiliates have or plan gaming or hotel operations.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

RESTRICTIVE COVENANT/NO SOLICITATION. (a) Employee hereby covenants and agrees that, during the Term, or for such longer period as Employee receives cash compensation under this Agreement, whichever period is shorter, Employee shall not directly or indirectly, either as a principal, agent, employee, employer, consultant, partner, member or manager of a limited liability company, shareholder of a closely held corporation, or shareholder in excess of two percent (2%) of a publicly traded corporation, corporate officer or director, or in any other individual or representative capacity, engage or otherwise participate in any manner or fashion in any gaming business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's Affiliates, in or about any market in which Employer or Employer's Affiliates have or have publicly announced a plan for gaming operations. Employee hereby further covenants and agrees that the restrictive covenant contained in this Paragraph 10 11 is reasonable as to duration, terms and geographical area and that the same protects the legitimate interests of Employer, imposes no undue hardship on Employee, and is not injurious to the public. (b) Employee hereby further covenants and agrees that, for the period described in Subparagraph 10(a11(a), Employee shall not directly or indirectly solicit or attempt to solicit for employment any management level employee of Employer or Employer's Affiliates with or on behalf of any business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's Affiliates, in or about any market in which Employer or Employer's Affiliates have or plan gaming or hotel operations.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

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RESTRICTIVE COVENANT/NO SOLICITATION. (a) Employee hereby covenants and agrees that, during the remainder of the Term, or for such longer period as Employee receives cash compensation notwithstanding a termination of this Agreement under this Agreementparagraph 6, Employee shall not directly or indirectly, either as a principal, agent, employee, employer, consultant, partner, member or manager of a limited liability company, shareholder of a closely held corporation, or shareholder in excess of two percent (2%) of a publicly traded corporation, corporate officer or director, or in any other individual or representative capacity, engage or otherwise participate in any manner or fashion in any gaming or hotel business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's Affiliates, in or about any market in which Employer or Employer's Affiliates have or have publicly announced a plan for gaming or hotel operations. Employee hereby further covenants and agrees that the restrictive covenant contained in this Paragraph 10 paragraph 11 is reasonable as to duration, terms and geographical area and that the same protects the legitimate interests of Employer, imposes no undue hardship on Employee, and is not injurious to the public. (b) Employee hereby further covenants and agrees that, for the period described in Subparagraph 10(a), Employee shall not directly or indirectly indirectly, and Employee shall not suffer others to, solicit or attempt to solicit for employment any management level employee of Employer or Employer's Affiliates with or on behalf of any business that is in competition in any manner whatsoever with the principal business activity of Employer or Employer's Affiliates, in or about any market in which Employer or Employer's Affiliates have or plan gaming or hotel operations.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

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