Change in Control, Non-Competition and Non-Solicitation Agreement Sample Contracts
ContractChange in Control, Non-Competition and Non-Solicitation Agreement • May 5th, 2020 • Georgia
EX-10.5 7 ex105changeincontrolnon-co.htm EX 10.5 CHANGE IN CONTROL, NON-COMPETITION AND NON-SOLICITATION AGREEMENT Exhibit 10.5 CHANGE IN CONTROL, NON-COMPETITION AND NON-SOLICITATION AGREEMENT In consideration of his or her employment with Global Payments Inc. or its affiliate (“Company”), his or her continued employment with the Company, and the mutual covenants and agreements contained herein, David M. Sheffield (hereinafter “Employee”) and Company hereby as of April 6, 2015 (the “Effective Date”) agree as follows: 1. Definitions. The following definitions shall apply to this Change in Control, Non-competition and Non-solicitation Agreement (the “Agreement”) and shall have the following meanings: (a) “Cause” shall mean: (i) the failure of Employee to perform substantially Employee’s duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Employee by the Compa
