Restricted Executive definition
Restricted Executive means any person who at the Termination Date was an employee of the Company or any Associated Company (excluding secretarial, administrative and clerical staff), who could materially damage the interests of the Company or any Associated Company if he became engaged or employed in any business concern in competition with any Restricted Business and with whom the Executive worked closely during the period of 12 months ending on the Termination Date;
Restricted Executive has the meaning set forth in Section 5.10(a).
Restricted Executive means any person who was at the date of the termination of the Executive’s employment employed by the Company and/or any Group Company who had access to Confidential Information or Trade Secrets and/or with whom the Executive had personal dealings during the period of twelve months prior to the termination of the Executive’s employment.
Examples of Restricted Executive in a sentence
Notwithstanding the foregoing, the Restricted Executives may own, directly or indirectly, solely as an investment, securities of any Person traded on any national securities exchange such Restricted Executive is not a controlling Person of, or a member of a group which controls, such Person and does not, directly or indirectly, own two percent (2%) or more of any class of securities of such Person.
Notwithstanding the foregoing, each Restricted Executive may sell such number of shares of Adjusted RSU Common Stock required to satisfy tax withholding requirements upon the vesting.
The number of Unvested Shares and Vested Shares of each class to be repurchased hereunder will be allocated among Executive and the other holders of Non- Restricted Executive Stock (if any) pro rata according to the number of shares of Non-Restricted Executive Stock to be purchased from such person.
The number of Unvested Shares and Vested Shares of each class to be repurchased hereunder will be allocated among Executive and the other holders of Non-Restricted Executive Stock (if any) pro rata according to the number of shares of Non Restricted Executive Stock to be purchased from such person.
More Definitions of Restricted Executive
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Restricted Executive means any person with whom you have worked or come into contact during the period of your employment and who is employed under an Executive contract (as opposed to a Staff contract) by the Company or any Associated Company (as the case may be).
Restricted Executive means any person who, at the Tennination Date was employed by the Company or any Group Company and with whom the Executive had material dealings, who could materially damage the interests of the Company or any Group Company if he became employed in any business concern in competition with any Restricted Business.
21.1 The Executive shall not, for the Restricted Period, be engaged in or concerned in any business which is in competition with any Restricted Business. This shall not restrict him from being engaged or concerned in any business after the Termination Date hereunder insofar as his duties or work shall relate solely to services or activities of a kind with which he was not concerned to a material extent during the period of 12 months ending in the Termination Date.
21.2 The Executive shall not, for the Restricted Period, solicit or endeavour to entice away from the Company or any Group Company the business or customer of a Restricted Customer with a view to providing goods or services to that Restricted Customer in competition with any Restricted Business.
21.3 The Executive shall not, for the Restricted Period, provide goods or services to or otherwise have any business dealings with any Restricted Customer in the course of any business concern which is in competition with any Restricted Business.
Restricted Executive means a Grantee who is the Chief Executive Officer of the Company, any officer of the Company who reports directly to the Chief Executive Officer of the Company, and any other officer of the Company or of a Subsidiary who is senior vice president (salary band 540 or equivalent) or above; provided, however, that the Committee may, at the time of any Award to any Grantee, determine that such Grantee be treated as a Restricted Executive for purposes of that Award; and further provided, however, that no Grantee shall be a Restricted Executive after the last day of the calendar year in which he or she ceases to be an employee of the Company (unless he or she is subsequently reemployed by the Company on terms and conditions making him or her a Restricted Executive as defined in this
Restricted Executive means any individual who was employed by Seller or any of its Affiliates at the level of Vice President or above, other than a Transferred Business Employee. Purchaser agrees to reimburse Seller or any of its Affiliates, within thirty (30) days following receipt of any invoices from Seller or its Affiliate, for all reasonable attorneys’ fees, costs, and expenses and all other liabilities reasonably incurred in furtherance of Seller or any of its Affiliates taking any actions necessary to comply with this Section 7.13. For the avoidance of doubt, nothing in this Section 7.13 requires Seller or any of its Affiliates to expand the scope of any restrictive covenant with a Restricted Executive, and Seller’s obligations under this Section 7.13 are limited by the terms and scope of the relevant employee non-solicitation and non-hire covenants currently in place with any Restricted Executive and applicable Law. Notwithstanding anything to the contrary in this Section 7.13, during the Enforcement Period, Seller may, or may cause its applicable Affiliate to, in Seller’s sole discretion, assign to Purchaser or its Affiliate, its rights (to the extent such rights are assignable and are not limited or impaired by such assignment) under a Restricted Executive’s non-solicitation or non-hire covenant described in this Section 7.13, solely for the purpose of enforcing such rights, in the event that such Restricted Executive engages in a breach of such covenant described in this Section 7.13. In the event of such assignment, Seller shall be relieved of all other obligations under this Section 7.13.
Restricted Executive a person who is at the Completion Date, or who has been at any time during the period of 6 months immediately preceding the Completion Date, an Executive holding an executive or managerial position with any Target Group Company. “Restricted Items” products and/or services which are competitive with those supplied by any Target Group Company at the Completion Date.
Restricted Executive means any person who, at the date of the termination of the Appointment, either:-