Special Covenants of Executive Sample Clauses

Special Covenants of Executive. In order to receive the benefits described in Section 4 of this Agreement, Xx. Xxxxxx must comply with the covenants set forth in Sections 5(a) and (b) below. In the event that Xx. Xxxxxx breaches either of these covenants when he is receiving or has received benefits pursuant to Section 4, such benefits shall cease immediately and the Bank may pursue such other remedies in law or equity as it may deem appropriate to recover amounts paid pursuant to Section 4.
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Special Covenants of Executive. (a) Covenant Not To Compete. Through the period ending December 31, 2002 or, if earlier, the period ending twelve (12) months after either (i) the Executive is terminated by the Company other than for Cause or (ii) the Executive terminates for Good Reason (the applicable period herein referred to as the "Covenant Period"), the Executive shall not directly or indirectly, own, manage, operate, join, control, or participate in the ownership, management, operation or control of, or be employed by or connected in any manner with, or solicit any employee of the Company to apply for or accept employment with any competing business, or solicit or advise any third party to place disability or group life insurance with a carrier other than the Company, whether for compensation or otherwise, without the prior written consent of the Company. Notwithstanding the preceding sentence, the Executive shall not be prohibited from owning less than one (1%) percent of any publicly traded corporation, whether or not such corporation is deemed to be a competing business. For purposes of this Agreement,
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Special Covenants of Executive. During the period between the Execution Date and the Separation Date, Executive shall
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Related to Special Covenants of Executive

  • Covenants of Executive The Company and the Executive recognize that the Executive's services are special and unique and that the provisions herein for compensation under Section 4 and Section 5 are partly in consideration of and conditioned upon the Executive's compliance with the covenants contained in this Section 9. Accordingly, during the Term of the Agreement and until the end of the Compensation Period (as defined in Section 4(a)(ii) herein), the Executive shall be subject to the covenants contained in Sections 9(b), 9(c) and 9(d) herein.

  • Additional Covenants of Stockholder Stockholder hereby covenants and agrees that until the Termination Date:

  • Additional Covenants of the Parties Section 7.1.

  • Additional Covenants of the Company The Company further covenants and agrees with each Underwriter as follows:

  • Additional Covenants of Servicer (a) Unless required by Applicable Law or court order, at the direction of a regulatory authority or, as evidenced by an Opinion of Counsel, in accordance with regulatory guidance, the Servicer will not release the Financed Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (a) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (b) in connection with the repossession and liquidation of such Financed Vehicle or (c) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

  • Negative Covenants of Seller On and as of the date hereof and each Purchase Date and until this Agreement is no longer in force with respect to any Transaction, Seller shall not without the prior written consent of Buyer:

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

  • ADDITIONAL COVENANTS OF THE STOCKHOLDERS Each Stockholder hereby covenants and agrees that until the termination of this Agreement:

  • Additional Covenants of the Seller The Seller hereby covenants and agrees with the Depositor as follows:

  • Additional Covenants of the Stockholder The Stockholder hereby covenants and agrees that until the termination of this Agreement:

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