Common use of Solicitation and Hiring Clause in Contracts

Solicitation and Hiring. During the applicable Restricted Period, neither the Seller nor any Shareholder shall, either directly or indirectly (including through an Affiliate), (a) solicit, hire or attempt to induce any Restricted Employee to terminate his employment with the Buyer or any subsidiary of the Buyer; provided that the restrictions on the Shareholder (as such) set forth in this sentence shall not apply to any Shareholder who is a Key Employee and whose employment is terminated by the Company without Cause (as defined in the Key Employee's Employment Agreement) or who terminates his employment with the Company for Good Reason (as defined in the Key Employee's Employment Agreement).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Suncrest Global Energy Corp), Asset Purchase Agreement (Suncrest Global Energy Corp)

AutoNDA by SimpleDocs

Solicitation and Hiring. During the applicable Restricted Period, neither the Seller nor any Shareholder Member shall, either directly or indirectly (including through an Affiliate), (a) solicit, hire or attempt to induce any Restricted Employee to terminate his employment with the Buyer or any subsidiary of the Buyer; provided that the restrictions on the Shareholder Member (as such) set forth in this sentence shall not apply to any Shareholder Member who is a Key Employee and whose employment is terminated by the Company without Cause (as defined in the Key Employee's Employment Agreement) or who terminates his employment with the Company for Good Reason (as defined in the Key Employee's Employment Agreement).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Suncrest Global Energy Corp), Asset Purchase Agreement (Suncrest Global Energy Corp)

AutoNDA by SimpleDocs

Solicitation and Hiring. During the applicable Restricted Period, neither the Seller nor any Shareholder Member shall, either directly or indirectly (including through an Affiliate), (a) solicit, hire or attempt to induce any Restricted Employee to terminate his employment with the Buyer or any subsidiary of the Buyer; provided that the restrictions on the Shareholder Member (as such) set forth in this sentence shall not apply to any Shareholder Member who is a Key Employee and whose employment is terminated by the Company without Cause (as defined in the Key Employee's ’s Employment Agreement) or who terminates his employment with the Company for Good Reason (as defined in the Key Employee's ’s Employment Agreement).

Appears in 1 contract

Samples: Asset Purchase Agreement (World Energy Solutions, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!