Hiring Restriction Sample Clauses

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Hiring Restriction. Except as otherwise provided in this Agreement, each Party agrees that neither it nor its Affiliates shall employ any person currently employed by the other Party or its Affiliates. Acknowledging that damage resulting from breach of this paragraph would be difficult or impossible to calculate, the breaching Party shall pay, for each such breach, a one-time fee equal to twenty-five percent (25%) of such employee’s first year’s salary with the hiring Party (such amount being deemed liquidated damages and not a penalty). The foregoing sentence shall not limit either Party’s right to seek equitable remedies for such a breach.
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Hiring Restriction. Contractor shall not hire an Employee of Government who has participated directly or indirectly in the procurement process for this Contract for at least one year after the award of the Contract.
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Hiring Restriction. Each party agrees that, during the term of this AGREEMENT and for twenty-four (24) months thereafter, neither it nor any of its subsidiaries or affiliates shall, except with the prior written consent of the other party, offer employment to or employ any person employed then or within the preceding twenty-four (24) months by the other party (including any of that party's subsidiaries or affiliates).
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Hiring Restriction. The Employer shall not enter into any agreement that bars another employer from offering employment to Bargaining Unit employees.
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Hiring Restriction. Licensee agrees that, during the term of this Agreement and for twenty-four (24) months thereafter, neither it nor any of its subsidiaries or affiliates shall, except with the prior written consent of CMSI, offer employment to or employ any person employed then or within the preceding twenty-four (24) months by CMSI or any subsidiary or affiliate of CMSI.
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Hiring Restriction. 6.7.1 The parties acknowledge and agree that the retention of the services of the Named Executive is a critical factor on which the Buyer has based its decision to enter into this Agreement. In furtherance of the foregoing, if, during the period of eighteen months from and after the Closing Date, any Management Company, Venture Capital Fund, Commonly Controlled Affiliate or any of the Entities in which any Venture Capital Fund or any Commonly Controlled Affiliate holds an Equity Interest (each such entity, a “Portfolio Company”) (collectively, the “Restricted Parties”) hires the Named Executive (whether as employee, consultant, independent contractor or otherwise) (the “Hiring Restriction”), then the Buyer shall be entitled, as compensation, to withdraw from the Escrow Account (to the extent such funds are available or become available for release from the Escrow Account) the Applicable Percentage of the Liquidated Damages Amount. In any circumstance where Buyer is entitled to a payment from the Escrow Account pursuant to the immediately preceding sentence, Buyer and the Stockholders’ Representatives shall instruct the Escrow Agent to distribute to Buyer the amounts so provided to be distributed to Buyer. The Buyer acknowledges that (i) its sole right to collect the Applicable Percentage of the Liquidated Damages Amount shall be through a deduction from the Escrow Account, (ii) that the Escrow Account may not contain sufficient funds to pay the Buyer all or a portion of the Applicable Percentage of the Liquidated Damages Amount, and in this event the Buyer shall have no other right to collect the remainder of the Applicable Percentage of the Liquidated Damages Amount until such time (if ever) as additional funds are deposited into the Escrow Account pursuant to Section 8.1.3 of this Agreement, at which point Buyer shall be entitled to collect such remainder and (iii) under no circumstances shall the Buyer be permitted to collect the Applicable Percentage of the Liquidated Damages Amount through a claim directly against any Venture Capital Fund or any other Equityholder. * Omitted information is the subject of a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934 and has been filed separately with the Securities and Exchange Commission. 6.7.2 The parties acknowledge and agree that in the event that a Restricted Party hires the Named Executive, actual damages would be difficult, if not impossible, to ascertain ...
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Hiring Restriction. During their service on Vitria's Board of Directors, and for one hundred eighty (180) days following the end of such service, unless otherwise approved by
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Hiring Restriction. 11.1 Client acknowledges and agrees that Premier has a vested interest in Premier's employees ("Employees") as a result of the time and money invested in the hiring and training of Employees for the operation of the Executive Suites. Client agrees not to offer or accept for hire any of Premier's Employees (i) at any time during the term or this Agreement or any extension thereof, (ii) for a period of six (6) months following the termination of this Agreement, and (iii) for a period of sixty (60) days following an Employee's termination of employment with Premier. Premier and Client covenant and agree that because of the difficulty or impossibility of determining Premier's damages from Client's failure to fully comply with the terms of this Paragraph 11.1, Client agrees to make a "reimbursement payment" to Premier in the amount of Ten Thousand Dollars ($10, 000). Such reimbursement payment is agreed by Premier and Client to be a good faith and reasonable estimate of Premier's actual damages, and shall be deemed to be liquidated damages. WITNESS the signatures of the parties hereto, this 11th day of November, 2003. PREMIER: CLIENT: PREMIER EXECUTIVE SUITES RECALL MAIL CORPORATION /s/ Lori Panuska /s/ Darin Myman ------------------------------------- ---------------------------------------- Lori Panuska (Name) Darin Myman (▇▇▇▇) ------------------------------- ---------------------------------- Title: General Manager Title: President ------------------------------- ---------------------------------- EXHIBIT A RULES AND REGULATIONS 1. Proper business attire is requested. 2. No signs, advertisement or notice, other than provided by Premier Executive Suites, shall be inscribed, painted, or affixed on any part of Executive Suites, its corridors, doors or common areas. 3. Entries, hallways, corridors, vestibules, stairways, and elevators shall, not be obstructed by any clients, their employees or agents, or used for purposes other than ingress to and egress from their respective suites. 4. No windows or other openings that reflect or admit light shall be covered or obstructed by Client. No bottles, parcels or other articles shall be placed on the window sills, in the hallways or in any other common areas of the Exe▇▇▇▇▇e Suites. 5. No dogs or other animals or pets of any kind will be allowed in the Executive Suites, except service animals as required by law. 6. No portion of the Executive Suites or the Shopping Center may be used for the sale, manufacture or use o...
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Related to Hiring Restriction

  • Use Restriction (a) If a natural disaster, incident or any other emergency situation occurs or is likely to occur, SORACOM may restrict the use of the SORACOM Air Global Service by the Subscriber in order to give priority to communications whose content are necessary for the prevention of or relief from calamities, for the securing of transportation, communications or electric power supply, the maintenance of public order or any other public interest. (b) If SORACOM detects any significant and/or continuous signal or transmission using a communication procedure or application which occupies the communication band used by SORACOM, SORACOM may control the transmission rate and traffic of such signal or transmission by controlling the communication band allocated to such signal or transmission. (c) SORACOM may suspend or limit the use of the SORACOM Air Global Service by the Subscriber, if: (i) the Subscriber delays in performing or fails to perform any payment obligation or any other obligation under the Agreement; (ii) the Subscriber gives a false information to SORACOM; (iii) SORACOM deems that the Subscriber violates Section 13.1 below; (iv) the Subscriber falls under any of the items of Section 3.2; (v) the credit card account designated by the Subscriber is invalid, unavailable or cannot be used or recognized; or

  • Trading Restrictions The Company may establish periods from time to time during which Participant’s ability to engage in transactions involving the Company’s Common Stock is subject to specific restrictions (“Restricted Periods”). Participant may be subject to restrictions giving rise to a Restricted Period for any reason that the Company determines appropriate, including, restrictions generally applicable to employees or groups of employees or restrictions applicable to Participant during an investigation of allegations of misconduct or conduct detrimental to the Company or any Affiliate by Participant.

  • Selling Restrictions (i) Except as expressly set forth below, the Investor covenants that from and after the Closing Date through and including the Trading Day next following the expiration or termination of this Agreement (the “Restricted Period”), neither the Investor nor any of its Affiliates nor any entity managed or controlled by the Investor (collectively, the “Restricted Persons” and each of the foregoing is referred to herein as a “Restricted Person”) shall, directly or indirectly, (x) engage in any Short Sales involving the Company’s securities or (y) grant any option to purchase, or acquire any right to dispose of or otherwise dispose for value of, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for any shares of Common Stock, or enter into any swap, hedge or other similar agreement that transfers, in whole or in part, the economic risk of ownership of the Common Stock. Notwithstanding the foregoing, it is expressly understood and agreed that nothing contained herein shall (without implication that the contrary would otherwise be true) prohibit any Restricted Person during the Restricted Period from: (1) selling “long” (as defined under Rule 200 promulgated under Regulation SHO) the Securities; or (2) selling a number of shares of Common Stock equal to the number of Shares that such Restricted Person is or may be obligated to purchase under a pending Fixed Purchase Notice, a pending VWAP Purchase Notice or a pending Additional VWAP Purchase Notice but has not yet taken possession of so long as such Restricted Person (or the Broker-Dealer, as applicable) delivers the Shares purchased pursuant to such Fixed Purchase Notice, such VWAP Purchase Notice or such Additional VWAP Purchase Notice (as applicable) to the purchaser thereof or the applicable Broker-Dealer upon such Restricted Person’s receipt of such shares of Common Stock from the Company pursuant to this Agreement. (ii) In addition to the foregoing, in connection with any sale of Securities (including any sale permitted by paragraph (i) above), the Investor shall comply in all respects with all applicable laws, rules, regulations and orders, including, without limitation, the requirements of the Securities Act and the Exchange Act.