Common use of Right of Recapture Clause in Contracts

Right of Recapture. In the event that (x) within one year after termination of this Agreement and Executive’s employment for any reason the Company determines that prior to such termination he engaged in any activity which would have constituted a basis for termination by the Company for Cause while employed by the Company or (y) Executive breaches the restrictive covenants of Section 8, then:

Appears in 6 contracts

Samples: Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning Inc)

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Right of Recapture. In the event that (x) within one (1) year after termination of this Agreement and Executive’s employment for any reason the Company determines that prior to such termination he engaged in any activity which would have constituted a basis for termination by the Company for Cause while employed by the Company or (y) Executive breaches the restrictive covenants of Section 8, then:

Appears in 4 contracts

Samples: Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning Inc)

Right of Recapture. In the event that (x) within one year two (2) years after termination of this Agreement and Executive’s employment for any reason the Company determines that prior to such termination he engaged in any activity which would have constituted a basis for termination by the Company for Cause while employed by the Company or (y) Executive breaches the restrictive covenants of Section 8, then:

Appears in 1 contract

Samples: Employment Agreement (Plato Learning Inc)

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Right of Recapture. In the event that (x) within one (1) year after termination of this Agreement and Executive’s 's employment for any reason the Company determines that prior to such termination he engaged in any activity which would have constituted a basis for termination by the Company for Cause while employed by the Company or (y) Executive breaches the restrictive covenants of Section 8, then:

Appears in 1 contract

Samples: Employment Agreement (Plato Learning Inc)

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