Restrictive Covenants Obligations Clause Samples

Restrictive Covenants Obligations. Notwithstanding that the Prior Agreement is superseded, the Executive’s confidentiality, assignment of inventions, non-competition, non-solicitation, and non-disparagement obligations in the Prior Agreement (collectively, the “Restrictive Covenants Obligations”), attached hereto as Exhibit A, continue to be in full force and effect and are incorporated by reference herein; provided, however, and notwithstanding the foregoing, any non-competition, no hire, and non-solicitation of customers or other business relations obligations in Exhibit A will not be in effect following the end of the Executive’s employment; provided, further, that any obligation to assign inventions shall not apply to any invention that a court rules falls within the class of invention set forth in Exhibit B. For purposes of this Agreement, the obligations in this Section 8 and those that arise in the Restrictive Covenants Obligations and any other confidentiality, assignment of inventions, or other restrictive covenants obligations shall collectively be referred to as the “Continuing Obligations.”

Restrictive Covenants Obligations. The Executive acknowledges and agrees that the Restrictive Covenants Obligations and other Continuing Obligations (as such terms are defined in the Employment Agreement) were previously agreed to by the Executive for good and valuable consideration, are reasonable, have been in effect during his employment with the Company, remain in full force and effect during his employment and the post-employment Advisory Period, and are incorporated by reference herein. The Executive reaffirms and agrees to comply with the Continuing Obligations.

Restrictive Covenants Obligations. Notwithstanding that the Prior Agreements are superseded, the Executive’s confidentiality, assignment of inventions, non-competition, non-solicitation, and non-disparagement obligations in that certain Employment Agreement dated September 7, 2020 (collectively, the “Restrictive Covenants Obligations”), attached hereto as Exhibit A, continue to be in full force and effect and are incorporated by reference herein; provided, however, and notwithstanding the foregoing, the Executive’s confidentiality/non-disclosure obligation is hereby amended such that it extends beyond five (5) years following the termination of employment and until such time as the confidential information is no longer confidential; provided, further, and for the avoidance of doubt, that the Executive’s obligations under that certain Carried Equity Purchase Agreement, dated as of November 28, 2018, and the Restrictive Covenant Agreement, dated as of March 23, 2018, remain in full force and effect as provided in Exhibit A hereto. For purposes of this Agreement, the obligations in this Section 7 and those that arise in the Restrictive Covenants Obligations and any other confidentiality, assignment of inventions, or other restrictive covenants obligations shall collectively be referred to as the “Continuing Obligations.”

Restrictive Covenants Obligations. Notwithstanding that the Prior Agreements are superseded, the Executive’s confidentiality, assignment of inventions, non-competition, non-solicitation, and non-disparagement obligations in that certain Employment Agreement dated September 7, 2020 (collectively, the “Restrictive Covenants Obligations”), attached hereto as Exhibit A, continue to be in full force and effect and are incorporated by reference herein; provided, however, and notwithstanding the foregoing, the Executive’s confidentiality/non-disclosure obligation is hereby amended such that it extends beyond five (5) years following the termination of employment and until such time as the confidential information is no longer confidential; provided, further, and for the avoidance of doubt, that the Executive’s obligations under that certain Carried Equity Purchase Agreement, dated as of November 28, 2018, and the Restrictive Covenant Agreement, dated as of March 23, 2018, remain in full force and effect as provided in Exhibit A hereto. For purposes of this Agreement, the obligations in this Section 7 and those that arise in the Restrictive Covenants Obligations and any other confidentiality, assignment of inventions, or other restrictive covenants obligations shall collectively be referred to as the “Continuing Obligations.”