Common use of UNITED STATES FOREIGN CORRUPT PRACTICES ACT AND OTHER LAWS Clause in Contracts

UNITED STATES FOREIGN CORRUPT PRACTICES ACT AND OTHER LAWS. Executive represents that he has at all times complied with, and agrees that he shall at all times comply with, in all material respects with all laws applicable to Executive’s actions on behalf of the Company, including specifically, without limitation, the United States Foreign Corrupt Practices Act, generally codified in 15 U.S.C. 78 (the “FCPA”), as the FCPA may hereafter be amended, and/or its successor statutes. If (i) Executive pleads guilty to or nolo contendere or admits civil or criminal liability under the FCPA, or (ii) if a court finds that Executive has personal civil or criminal liability under the FCPA, or (iii) if the Board reasonably determines, after providing Executive, or his representative, an opportunity to present information regarding the matter to the Board, that Executive took an action or failed to take an action resulting, or that could reasonably be expected to result, in the Company or any of its subsidiaries having civil or criminal liability under the FCPA, and that Executive had knowledge that such activities would give rise to such FCPA liability or knowledge of facts from which Executive should have reasonably inferred that activities giving rise to such FCPA liability had occurred or were likely to occur, such action or finding shall constitute “Cause” for termination under this Agreement if the Board determines by resolution that the actions or inactions by Executive in violation of the FCPA were not taken in good faith or were not in compliance with all policies of the Company applicable at the time of the action or inaction by Executive.

Appears in 9 contracts

Samples: Employment Agreement (Parker Drilling Co /De/), Employment Agreement (Parker Drilling Co /De/), Employment Agreement (Parker Drilling Co /De/)

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UNITED STATES FOREIGN CORRUPT PRACTICES ACT AND OTHER LAWS. Executive represents that he has at all times complied with, and agrees that he 4.1. Employee shall at all times comply with, in all material respects with all United States laws applicable to Executive’s Employee's actions on behalf of the CompanyEmployer, including specifically, without limitation, the United States Foreign Corrupt Practices Act, generally codified in 15 U.S.C. USC 78 (the “FCPA), as the FCPA may hereafter be amended, and/or its successor statutes. If (i) Executive Employee pleads guilty to or nolo contendere or admits civil or criminal liability under the FCPA, or (ii) if a court finds that Executive Employee has personal civil or criminal liability under the FCPA, or (iii) if the Board reasonably determines, after providing Executive, or his representative, an opportunity to present information regarding the matter to the Board, a court finds that Executive took Employee personally committed an action or failed to take an action resulting, or that could reasonably be expected to result, resulting in the Company or any of its subsidiaries Enron entity having civil or criminal liability or responsibility under the FCPA, and that Executive had FCPA with knowledge that such of the activities would give giving rise to such FCPA liability or knowledge of facts from which Executive Employee should have reasonably inferred that the activities giving rise to such FCPA liability had occurred or were likely to occur, such action or finding shall constitute “Cause” "cause" for termination under this Agreement unless (i) such action or finding was based on the activities of others and Employee had no personal involvement or knowledge of such activities, or (ii) Employer's Board of Directors or Enron's management committee (or, if there is no Enron management committee, the Board highest applicable level of Enron management) determines by resolution that the actions or inactions by Executive found to be in violation of the FCPA were not taken in good faith or were not and in compliance with all applicable policies of the Company applicable at the time of the action or inaction by ExecutiveEmployer and Enron.

Appears in 1 contract

Samples: Employment Agreement (Enron Corp)

UNITED STATES FOREIGN CORRUPT PRACTICES ACT AND OTHER LAWS. Executive represents that he she has at all times complied with, and agrees that he she shall at all times comply with, in all material respects with all laws applicable to Executive’s actions on behalf of the Company, including specifically, without limitation, the United States Foreign Corrupt Practices Act, generally codified in 15 U.S.C. 78 (the “FCPA”), as the FCPA may hereafter be amended, and/or its successor statutes. If (i) Executive pleads guilty to or nolo contendere or admits civil or criminal liability under the FCPA, or (ii) if a court finds that Executive has personal civil or criminal liability under the FCPA, or (iii) if the Board reasonably determines, after providing Executive, or his her representative, an opportunity to present information regarding the matter to the Board, that Executive took an action or failed to take an action resulting, or that could reasonably be expected to result, in the Company or any of its subsidiaries having civil or criminal liability under the FCPA, and that Executive had knowledge that such activities would give rise to such FCPA liability or knowledge of facts from which Executive should have reasonably inferred that activities giving rise to such FCPA liability had occurred or were likely to occur, such action or finding shall constitute “Cause” for termination under this Agreement if the Board determines by resolution that the actions or inactions by Executive in violation of the FCPA were not taken in good faith or were not in compliance with all policies of the Company applicable at the time of the action or inaction by Executive.

Appears in 1 contract

Samples: Employment Agreement (Parker Drilling Co /De/)

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UNITED STATES FOREIGN CORRUPT PRACTICES ACT AND OTHER LAWS. Executive represents that he has at all times complied with, and agrees that he 1. Employee shall at all times comply with, in all material respects with all United States laws applicable to Executive’s Employee's actions on behalf of the CompanyEmployer, including specifically, without limitation, the United States Foreign Corrupt Practices Act, generally codified in 15 U.S.C. USC 78 (the “FCPA), as the FCPA may hereafter be amended, and/or its successor statutes. If (i) Executive Employee pleads guilty to or nolo contendere or admits civil or criminal liability under the FCPA, or (ii) if a court finds that Executive Employee has personal civil or criminal liability under the FCPA, or (iii) if the Board reasonably determines, after providing Executive, or his representative, an opportunity to present information regarding the matter to the Board, a court fords that Executive took Employee personally committed an action or failed to take an action resulting, or that could reasonably be expected to result, resulting in the Company or any of its subsidiaries Enron entity having civil or criminal liability or responsibility under the FCPA, and that Executive had FCPA with knowledge that such of the activities would give giving rise to such FCPA liability or knowledge of facts from which Executive Employee should have reasonably inferred that the activities giving rise to such FCPA liability had occurred or were likely to occur, such action or finding shall constitute “Cause” "cause" for termination under this Agreement unless (i) such action or finding was based on the activities of others and Employee had no personal involvement or knowledge of such activities, or (ii) Employer's Board of Directors or Enron's management committee (or, if there is no Enron management committee, the Board highest applicable level of Enron management) determines by resolution that the actions or inactions by Executive found to be in violation of the FCPA were not taken in good faith or were not and in compliance with all applicable policies of the Company applicable at the time of the action or inaction by ExecutiveEmployer and Enron.

Appears in 1 contract

Samples: Employment Agreement

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