Restraint. 14.1. The Service Provider shall not during the term of this agreement and of any extension of it and for a period of 12 (twelve) months after this agreement terminates for any reason whatsoever, either for itself or on behalf of anyone else, except with the prior written approval of the cidb, directly or indirectly persuade, induce, solicit, encourage, or procure any employee of the cidb when this agreement terminates to: 14.1.1. Become employed by or interested in any manner whatever in anyone other than cidb and its subsidiaries, nor shall the service provider itself employ any such person in that period on either a full-time or part-time basis in any capacity whatsoever or engage the services of any such person as an independent contractor on either a full-time or part-time basis in that period; or 14.1.2. Terminate his or her employment with the cidb. 14.1.3. If the service provider violates this clause, it shall pay to the cidb an amount equal to 1 (one) year’s salary for any solicited employee of the cidb, as liquidated damages and not as a penalty. The amount of the annual salary shall be the total annual ‘cost to company’ in effect at the date the employee was solicited.
Appears in 5 contracts
Sources: Service Agreement, Contract Agreement for Appointment of Assessors, Professional Services