Common use of Restrictive Covenants and Other Obligations Clause in Contracts

Restrictive Covenants and Other Obligations. The parties agree that Section 5 – “Ownership of Work Product,” Section 6 – “Protection of Trade Secret,” Section 7 – “Protection of Confidential Information,” Section 8 – “Return of Materials,” Section 9 – “Restrictive Covenants,” Section 10 – “Independent Provisions,” Section 15 – “Enforcement,” and Section 16 – “Savings Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 18 contracts

Samples: Employment Agreement (First Community Corp /Sc/), Employment Agreement (First Community Corp /Sc/), Employment Agreement (First Community Corp /Sc/)

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Restrictive Covenants and Other Obligations. The parties agree that Section 5 – “Ownership of Work Product,” Section 6 – “Protection of Trade Secret,” Section 7 – “Protection of Confidential Information,” Section 8 – “Return of Materials,” Section 9 – “Restrictive Covenants,” Section 10 – “Independent Provisions,” Section 15 – “Enforcement,” and Section 16 – “Savings Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his her obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 3 contracts

Samples: Employment Agreement (First Community Corp /Sc/), Employment Agreement (First Community Corp /Sc/), Employment Agreement (First Community Corp /Sc/)

Restrictive Covenants and Other Obligations. The parties agree that Section 5 – “- "Ownership of Work Product," Section 6 – “- "Protection of Trade Secret," Section 7 – “- "Protection of Confidential Information," Section 8 – “- "Return of Materials," Section 9 – “- "Restrictive Covenants," Section 10 – “- "Independent Provisions," Section 15 – “- "Enforcement," and Section 16 – “- "Savings Clause," of the Employment Agreement shall remain in full force and effect and that Employee will perform his obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s Employer's obligation to make severance payments to Employee shall terminate immediately and the Bank Employer shall have no further obligations to Employee.

Appears in 2 contracts

Samples: Employment Agreement (Peoples Bancorporation Inc /Sc/), Employment Agreement (Peoples Bancorporation Inc /Sc/)

Restrictive Covenants and Other Obligations. The parties agree that Section 5 – “Ownership of Work Product,” Section 6 – “Protection of Trade Secret,” Section 7 – “Protection of Confidential Information,” Section 8 – “Return of Materials,” Section 9 – “Restrictive Covenants,” Section 10 – “Independent Provisions,” Section 15 14 – “Enforcement,” and Section 16 15 – “Savings Saving Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 2 contracts

Samples: Severance Agreement and Release (Atlantic Bancshares, Inc.), Severance Agreement and Release (Atlantic Bancshares, Inc.)

Restrictive Covenants and Other Obligations. The parties agree that Section 5 – “Ownership of Work Product,” Section 6 – “Protection of Trade Secret,” Section 7 – “Protection of Confidential Information,” Section 8 – “Return of Materials,” Section 9 – “Restrictive Covenants,” Section 10 – “Independent Provisions,” Section 15 14 – “Enforcement,” and Section 16 15 – “Savings Saving Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his her obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 2 contracts

Samples: Severance Agreement and Release (Atlantic Bancshares, Inc.), Severance Agreement and Release (Atlantic Bancshares, Inc.)

Restrictive Covenants and Other Obligations. The parties agree that Section 5 – “Ownership of Work Product,” Section 6 – “Protection of Trade Secret,” Section 7 – “Protection of Confidential Information,” Section 8 – “Return of Materials,” Section 9 Sections 9(a) and (b) – “Restrictive Covenants,” Section 10 – “Independent Provisions,” Section 15 – “Enforcement,” and Section 16 – “Savings Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 2 contracts

Samples: Employment Agreement (Palmetto Bancshares Inc), Employment Agreement (Palmetto Bancshares Inc)

Restrictive Covenants and Other Obligations. The parties agree that Section 5 “Ownership of Work Product,” Section 6 “Protection of Trade Secret,” Section 7 “Protection of Confidential Information,” Section 8 “Return of Materials,” Section 9 “Restrictive Covenants,” Section 10 “Independent Provisions,” Section 15 “Enforcement,” and Section 16 Savings Saving Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 2 contracts

Samples: Employment Agreement (Independence Bancshares, Inc.), Employment Agreement (Independence Bancshares, Inc.)

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Restrictive Covenants and Other Obligations. The parties agree that Section 5 “Ownership of Work Product,” Section 6 “Protection of Trade Secret,” Section 7 “Protection of Confidential Information,” Section 8 “Return of Materials,” Section 9 “Restrictive Covenants,” Section 10 “Independent Provisions,” Section 15 “Enforcement,” and Section 16 “Savings Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 1 contract

Samples: Employment Agreement (First Community Corp /Sc/)

Restrictive Covenants and Other Obligations. The parties agree that Section 5 “Ownership of Work Product,” Section 6 “Protection of Trade Secret,” Section 7 “Protection of Confidential Information,” Section 8 “Return of Materials,” Section 9 “Restrictive Covenants; No Recruitment of Personnel,” Section 10 – “Independent Provisions,” Section 15 – 14 — “Enforcement,” and Section 16 – 15 — Savings Saving Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his her obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 1 contract

Samples: Employment Agreement (Independence Bancshares, Inc.)

Restrictive Covenants and Other Obligations. The parties agree that Section 5 – “Ownership of Work Product,” Section 6 – “Protection of Trade Secret,” Section 7 – “Protection of Other Confidential Information,” Section 8 – “Return of Materials,” Section 9 – “Restrictive Covenants,” Section 10 – “Independent Provisions,” Section 15 – “Enforcement,” and Section 16 – “Savings Clause,” of the Employment Agreement shall remain in full force and effect and that Employee will perform his obligations under those sections and those sections of the Employment Agreement are incorporated by reference as if set forth fully herein. In the event Employee breaches any obligation under this Section 5, the Bank’s obligation to make severance payments to Employee shall terminate immediately and the Bank shall have no further obligations to Employee.

Appears in 1 contract

Samples: Employment Agreement (First Community Corp /Sc/)

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