Common use of Further Negotiation Clause in Contracts

Further Negotiation. For purposes of ---------------------------------------------- this Article 2; "Business" shall mean the provision of direct marketing services, including design, printing and production, fulfillment services, agency services, and development and execution of direct mail programs, and any other related business that the Company is engaged in as of the termination of Executive's employment; "Competing Business" shall mean any business that, in whole or in part, is the same or substantially the same as the Business; and "Territory" shall mean the United States of America. Executive and the Company hereby agree that they will negotiate in good faith to amend this Agreement from time to time to modify the terms of this Article 2, the definition of the term "Territory," and the definition of the term "Business," to reflect changes in the Company's business and affairs so that the scope of the limitations placed on Executive's activities by this Article 2 accomplishes the parties' intent in relation to the then current facts and circumstances. Any such amendment shall be effective only when completed in writing and signed by Executive and the Company.

Appears in 1 contract

Sources: Employment Agreement (M2direct Inc)

Further Negotiation. For purposes ---------------------------------------------- of ---------------------------------------------- this Article 2; "Business" shall mean the provision of direct marketing services, including design, printing and production, fulfillment services, agency services, and development and execution of direct mail programs, and any other related business that the Company is engaged in as of the termination of Executive's employment; "Competing Business" shall mean any business that, in whole or in part, is the same or substantially the same as the Business; and "Territory" shall mean the United States of America. Executive and the Company hereby agree that they will negotiate in good faith to amend this Agreement from time to time to modify the terms of this Article 2, the definition of the term "Territory," and the definition of the term "Business," to reflect changes in the Company's business and affairs so that the scope of the limitations placed on Executive's activities by this Article 2 accomplishes the parties' intent in relation to the then current facts and circumstances. Any such amendment shall be effective only when completed in writing and signed by Executive and the Company.

Appears in 1 contract

Sources: Employment Agreement (M2direct Inc)