Example ContractsClausesCompliance With Restrictive Covenants
Compliance With Restrictive Covenants
Compliance With Restrictive Covenants contract clause examples

# and Restrictions. During the Term, and for a period of twelve (12) months following the last date of the Term hereof (the “Restricted Period”), , nor its directors, officers, members, managers, shareholders, parents, subsidiaries and/or affiliated entities shall own, operate and/or enter into a contract manufacturing arrangement with any other third-party for similarly competitive products without the express written consent of , which shall not be unreasonably withheld or delayed, nor shall , or any of ’s members/shareholders owning ten percent (10%) or more of , own or operate a similarly competitive company to that of . Conversely, in the event exercises ’s rights pursuant to the Option Agreement and the HLTT Option Agreement and pays all amounts due to and HLTT thereunder, the Restricted Period shall no longer be of force or effect for the ; however, for a period of twelve (12) months following the final payment of the Asset Purchase Price and the HLTT Purchase Price (the “Seller Restricted Period”), , HLTT, and WRH, nor its directors, officers, members, managers, shareholders, parents, subsidiaries and/or affiliated entities shall own, operate and/or enter into a contract manufacturing arrangement with any other third-party for similarly competitive products without the express written consent of , which shall not be unreasonably conditioned, withheld or delayed, nor shall , HLTT, and WRH, or any of , HLTT, and WRH’s members/shareholders owning ten percent (10%) or more of , HLTT, or WRH, own or operate a similarly competitive company.

Restrictive Covenants. In order to induce Employer to enter into this Agreement, Executive hereby agrees as follows:

Restrictive Covenants. In consideration of the terms of this Award and your access to Confidential Information, you agree to the restrictive covenants and associated remedies as set forth below, which exist independently of and in addition to any obligation to which you are subject under the terms of the Wells Fargo Agreement Regarding Trade Secrets, Confidential Information, Non-Solicitation, and Assignment of Inventions (the “TSA”):

Executive acknowledges and agrees that the restrictive covenants and other post-termination obligations set forth in the Proprietary Information Agreement, including without

Restrictive Covenants. In consideration for the employment offered to Executive by the Company and such other good and valuable consideration received and acknowledged by Executive to be adequate and sufficient, including the Equity Incentives set forth in Section 4(b) and the Relocation Bonus set forth in Section 4(e), Executive agrees:

The Grantee acknowledges and agrees that, in consideration for the grant of the Restricted Stock Units, the Grantee remains subject to the non-competition, non-solicitation, confidentiality, inventions assignment, and non-disparagement provisions to the extent described in (including incorporated by reference into) Section 14 of the Employment Agreement, the Restrictive Covenants Agreement dated February 8, 2017 between the Grantee and the Company, the Company’s Code of Conduct (as defined in the Employment Agreement), and any other written agreements between the Company and the Grantee (collectively, the “Restrictive Covenants”).

In consideration for the grant of the RSUs, continued employment with the Company, and other good and valuable consideration, the Grantee agrees to the following:

Restrictive Covenants. The restrictive covenants contained in [Section 5.1] of the Employment Agreement are incorporated herein by reference and shall continue in full force and effect in accordance with their terms. The Non-Solicitation, Non-Disclosure and Inventions Assignment Agreement (the “NDA”), described in [Section 5.2] of the Employment Agreement, shall also remain in full force and effect in accordance with its terms.

RESTRICTIVE COVENANTS. Each of the covenants contained in Sections 10(b)-(c) of this Plan are collectively referred to as the “Restrictive Covenants.”

Restrictive Covenants. Each of the covenants contained in Paragraphs 2(a)-(c) of this Annex A are collectively referred to as the “Restrictive Covenants.”

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