Restrictions after Termination of Employment. 10.1 The Executive is likely to obtain Confidential Information and personal knowledge of and influence over employees of the Group during the course of the Employment. To protect these interests of the Employer, the Executive agrees with the Employer that the Executive will be bound by the following: 10.1.1 subject to Clause 10.2 below, throughout the Employment and during the period of six months commencing with the Relevant Date the Executive will not (either on their own behalf or with any other person, whether directly or indirectly) be employed in or carry on (or be a director of any company engaged in) any business which is or is about to be in competition with any business of the Employer (or any other Group Company) being carried on by such company at the Relevant Date, provided that at any time during the 12 months prior to the Relevant Date the Executive was concerned or involved with that business to a material extent or had access to Confidential Information in respect of it; 10.1.2 throughout the Employment and during the period of 12 months commencing on the Relevant Date, the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) entice or try to entice away from the Employer or (as the case may be) any other Group Company any Restricted Employee; 10.1.3 throughout the Employment and during the period of 12 months commencing on the Relevant Date, the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) employ or engage or try to employ or engage any Restricted Employee; 10.1.4 throughout the Employment and during the period of 12 months commencing on the Relevant Date, the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) canvass, solicit or attempt to entice away from the Employer or (as the case may be) any other Group Company any business of any Relevant Customer or Prospective Customer in respect of the Relevant Services; and 10.1.5 throughout the Employment and during the period of 12 months commencing on the Relevant Date the Executive will not interfere or endeavour to interfere with the continuance of supplies to the Employer and/or any other Group Company or the terms relating to those supplies by any Relevant Supplier. 10.2 In the event that the Employer gives notice to terminate the Executive’s Employment and the Executive works six months or more of the Executive’s notice period, the Employer will not require the Executive to comply with Clause 10.1.1 above following the termination of the Executive’s Employment. Classification: Confidential 10.3 Following the Termination Date, the Executive will not hold themselves out as being in any way connected with the businesses of the Employer or of any other Group Company (except to the extent agreed by such a company). 10.4 Any benefit given or deemed to be given by the Executive to any Group Company under the terms of this Clause 10 is received and held on trust by the Employer for the relevant Group Company. The Executive will enter into appropriate restrictive covenants directly with other Group Companies if asked to do so by the Employer. 10.5 The Executive acknowledges that the provisions of this Clause 10 are fair, reasonable and necessary in order to protect the Confidential Information and business connections of the Employer, and any other Group Company, to which the Executive has access as a result of the Employment. 10.6 Each of the obligations in this Clause 10 is an entirely separate and independent restriction on the Executive. If any part is found to be invalid or unenforceable the remainder will remain valid and enforceable. 10.7 The Executive acknowledges and agrees to draw the provisions of this Clause 10 to the attention of any third party who may at any time before or after the termination of the Employment offer to employ or engage the Executive in any capacity and for whom or with whom the Executive intends to work during the 12 months following the Termination Date.
Appears in 2 contracts
Sources: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC)
Restrictions after Termination of Employment. 10.1 11.1 The Executive is likely to obtain Confidential Information and personal knowledge of and influence over employees employees, customers and suppliers of the employer and other Group Companies during the course of the Employment. To protect these interests of the EmployerEmployer and other Group Companies, the Executive agrees with the Employer that the Executive will be bound by the following:
10.1.1 subject to Clause 10.2 below, 11.1.1 throughout the Employment and during the period of six 12 months commencing with the Relevant Date the Executive will not (either on their own behalf or with any other person, whether directly or indirectly) be employed in or carry on (or be a director of any company engaged in) any business which is or is about to be in competition with any business of the Employer (or any other Group Company) being carried on by such company at the Relevant Date, provided that at any time during the 12 months prior to the Relevant Date the Executive was concerned or involved with that business to a material extent or had access to Confidential Information in respect of it;
10.1.2 11.1.2 throughout the Employment and during the period of 12 months commencing on the Relevant Date, the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) entice or try to entice away from the Employer or (as the case may be) any other Group Company any Restricted Employee;
10.1.3 11.1.3 throughout the Employment and during the period of 12 months commencing on the Relevant Date, the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) employ or engage or try to employ or engage any Restricted Employee;
10.1.4 11.1.4 throughout the Employment and during the period of 12 months commencing on the Relevant Date, the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) canvass, solicit or attempt to entice away from the Employer or (as the case may be) any other Group Company any business of any Relevant Customer or Prospective Customer in respect of the Relevant Services;
11.1.5 throughout the Employment and during the period of 12 months commencing on the Relevant Date, the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) deal with any Relevant Customer or Prospective Customer in respect of the Relevant Services; and
10.1.5 11.1.6 throughout the Employment and during the period of 12 months commencing on the Relevant Date the Executive will not interfere or endeavour to interfere with the continuance of supplies to the Employer and/or any other Group Company or the terms relating to those supplies by any Relevant Supplier.
10.2 In the event that the Employer gives notice to terminate the Executive’s Employment and the Executive works six months or more of the Executive’s notice period, the Employer will not require the Executive to comply with Clause 10.1.1 above following the termination of the Executive’s Employment. Classification: Confidential
10.3 11.2 Following the Termination Date, the Executive will not hold themselves out as being in any way connected with the businesses of the Employer or of any other Group Company (except to the extent agreed by such a company).
10.4 Any benefit given . Should there be any misrepresentation, intention to deceive in this respect, or deemed any attempt to be given by interfere in this way in the existing business relations between the Employer or any Group Company and its existing customers, the Employer may take proceedings against the Executive to prevent any Group Company under recurrence and to recover any losses incurred as a result.
11.3 The Executive acknowledges that each of the terms provisions of this Clause 10 is received 11 shall constitute severable undertakings given for the benefit of the Employer for itself and held on trust for the benefit of and as trustee for each of the other Group Companies and that the undertakings may be enforced by the Employer for on its own behalf and on behalf of any of the relevant Group Company. The Executive will enter into appropriate restrictive covenants directly with other Group Companies if asked to do so by the EmployerCompanies.
10.5 11.4 The Executive acknowledges that the provisions of this Clause 10 11 are fair, reasonable and necessary in order to protect the Confidential Information and business connections of the Employer, and any other Group Company, to which the Executive has access as a result of the Employment.
10.6 11.5 Each of the obligations in this Clause 10 11 is an entirely separate and independent restriction on the Executive. If any part is found to be invalid or unenforceable the remainder will remain valid and enforceable.
10.7 11.6 The Executive acknowledges and agrees to draw the provisions of this Clause 10 11 to the attention of any third party who may at any time before or after the termination of the Employment offer to employ or engage the Executive in any capacity and for whom or with whom the Executive intends to work during the 12 months following the Termination Date.
Appears in 2 contracts
Sources: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC)
Restrictions after Termination of Employment. 10.1 The Executive is likely to obtain Confidential Information and personal knowledge of and influence over employees of the Group during the course of the Employment. To protect these interests of the Employer, the Executive agrees with the Employer that the Executive will be bound by the following:
10.1.1 subject to Clause clause 10.2 below, throughout the Employment and during the period of six 6 months commencing with the Relevant Date the Executive will not (either on their own behalf or with any other person, whether directly or indirectly) be employed in in, or carry on (or be a director of any company engaged in) any business which which, is or is about to be in competition with any business of the Employer (or any other Group Company) being carried on by such company at the Relevant Date, Date provided that at any time during the 12 months prior to the Relevant Date the Executive was concerned or involved with that business to a material extent or had access at any time during the 12 months prior to Confidential Information in respect of itthe Relevant Date;
10.1.2 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) entice or try to entice away from the Employer or (as the case may be) any other Group Company any Restricted Employee;
10.1.3 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) employ or engage or try to employ or engage any Restricted Employee;
10.1.4 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) canvass, solicit or attempt to entice away from the Employer or (as the case may be) any other Group Company any business of any Relevant Customer or Prospective Customer in respect of the Relevant Services; and
10.1.5 throughout the Employment and during the period of 12 months commencing on the Relevant Date the Executive will not interfere or endeavour to interfere with the continuance of supplies to the Employer and/or any other Group Company or the terms relating to those supplies by any Relevant Supplier.
10.2 In the event that the Employer gives notice to terminate the Executive’s Employment employment and the Executive works six 6 months or more of the Executive’s notice period, the Employer will not require the Executive to comply with Clause 10.1.1 above following the termination of the Executive’s Employment. Classification: Confidentialemployment.
10.3 Following the Termination Date, the Executive will not hold themselves out as being in any way connected with the businesses of the Employer or of any other Group Company (except to the extent agreed by such a company).
10.4 Any benefit given or deemed to be given by the Executive to any Group Company under the terms of this Clause 10 is received and held on trust by the Employer for the relevant Group Company. The Executive will enter into appropriate restrictive covenants directly with other Group Companies if asked to do so by the Employer.
10.5 The Executive acknowledges that the provisions of this Clause 10 are fair, reasonable and necessary in order to protect the Confidential Information and business connections of the Employer, and any other Group Company, to which the Executive has access as a result of the Employment.
10.6 Each of the obligations in this Clause 10 is an entirely separate and independent restriction on the Executive. If any part is found to be invalid or unenforceable the remainder will remain valid and enforceable.
10.7 The Executive acknowledges and agrees to draw the provisions of this Clause 10 to the attention of any third party who may at any time before or after the termination of the Employment offer to employ or engage the Executive in any capacity and for whom or with whom the Executive intends to work during the 12 months following the Termination Date.
Appears in 2 contracts
Sources: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC)
Restrictions after Termination of Employment. 10.1 The Executive is likely to obtain Confidential Information and personal knowledge of and influence over employees of the Group during the course of the Employment. To protect these interests of the Employer, the Executive agrees with the Employer that the Executive will be bound by the following:
10.1.1 subject to Clause 10.2 below, throughout the Employment and during the period of six 6 months commencing with the Relevant Date the Executive will not (either on their own behalf or with any other person, whether directly or indirectly) be employed in in, or carry on (or be a director of any company engaged in) any business which which, is or is about to be in competition with any business of the Employer (or any other Group Company) being carried on by such company at the Relevant Date, Date provided that at any time during the 12 months prior to the Relevant Date the Executive was concerned or involved with that business to a material extent or had access at any time during the 12 months prior to Confidential Information in respect of itthe Relevant Date;
10.1.2 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) entice or try to entice away from the Employer or (as the case may be) any other Group Company any Restricted Employee;
10.1.3 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) employ or engage or try to employ or engage any Restricted Employee;
10.1.4 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) canvass, solicit or attempt to entice away from the Employer or (as the case may be) any other Group Company any business of any Relevant Customer or Prospective Customer in respect of the Relevant Services; and
10.1.5 throughout the Employment and during the period of 12 months commencing on the Relevant Date the Executive will not interfere or endeavour to interfere with the continuance of supplies to the Employer and/or any other Group Company or the terms relating to those supplies by any Relevant Supplier.
10.2 In the event that the Employer gives notice to terminate the Executive’s Employment employment and the Executive works six 6 months or more of the Executive’s notice period, the Employer will not require the Executive to comply with Clause 10.1.1 above following the termination of the Executive’s Employment. Classification: Confidentialemployment.
10.3 Following the Termination Date, the Executive will not hold themselves out as being in any way connected with the businesses of the Employer or of any other Group Company (except to the extent agreed by such a company).
10.4 Any benefit given or deemed to be given by the Executive to any Group Company under the terms of this Clause 10 is received and held on trust by the Employer for the relevant Group Company. The Executive will enter into appropriate restrictive covenants directly with other Group Companies if asked to do so by the Employer.
10.5 The Executive acknowledges that the provisions of this Clause 10 are fair, reasonable and necessary in order to protect the Confidential Information and business connections of the Employer, and any other Group Company, to which the Executive has access as a result of the Employment.
10.6 Each of the obligations in this Clause 10 is an entirely separate and independent restriction on the Executive. If any part is found to be invalid or unenforceable the remainder will remain valid and enforceable.
10.7 The Executive acknowledges and agrees to draw the provisions of this Clause 10 to the attention of any third party who may at any time before or after the termination of the Employment offer to employ or engage the Executive in any capacity and for whom or with whom the Executive intends to work during the 12 months following the Termination Date.
Appears in 2 contracts
Sources: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC)
Restrictions after Termination of Employment. 10.1 11.1 The Executive is likely to obtain Confidential Information and personal knowledge of and influence over employees of the Group during the course of the Employment. To protect these interests of the Employer, the Executive agrees with the Employer that the Executive will be bound by the following:
10.1.1 11.1.1 subject to Clause 10.2 below, clause 11.2 throughout the Employment and during the period of six 6 months commencing with the Relevant Date the Executive will not (either on their own behalf or with any other person, whether directly or indirectly) be employed in in, or carry on (or be a director of any company engaged in) any business which which, is or is about to be in competition with any business of the Employer (or any other Group Company) being carried on by such company at the Relevant Date, Date provided that at any time during the 12 months prior to the Relevant Date the Executive was concerned or involved with that business to a material extent or had access at any time during the 12 months prior to Confidential Information in respect of itthe Relevant Date;
10.1.2 11.1.2 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) entice or try to entice away from the Employer or (as the case may be) any other Group Company any Restricted Employee;
10.1.3 11.1.3 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) employ or engage or try to employ or engage any Restricted Employee;
10.1.4 11.1.4 throughout the Employment and during the period of 12 months commencing on the Relevant Date, Date the Executive will not (either on their own behalf or for or with any other person, whether directly or indirectly) canvass, solicit or attempt to entice away from the Employer or (as the case may be) any other Group Company any business of any Relevant Customer or any Prospective Customer in respect of the Relevant Services; and
10.1.5 11.1.5 throughout the Employment and during the period of 12 months commencing on the Relevant Date the Executive will not intentionally or recklessly interfere or endeavour to interfere with the continuance of supplies to the Employer and/or any other Group Company or the terms relating to those supplies by any Relevant Supplier.
10.2 11.2 In the event that the Employer gives notice to terminate the Executive’s Employment employment and the Executive works six 6 months or more of the Executive’s notice period, the Employer will not require the Executive to comply with Clause 10.1.1 11.1.1 above following the termination of the Executive’s Employment. Classification: Confidentialemployment.
10.3 11.3 Following the Termination Date, the Executive will not hold themselves out as being in any way connected with the businesses of the Employer or of any other Group Company (except to the extent agreed by such a company).
10.4 11.4 Any benefit given or deemed to be given by the Executive to any Group Company under the terms of this Clause 10 11 is received and held on trust by the Employer for the relevant Group Company. The Executive will enter into appropriate (but not wider) restrictive covenants directly with other Group Companies if asked to do so by the Employer.
10.5 11.5 The Executive acknowledges that the provisions of this Clause 10 are fair, reasonable and necessary in order to protect the Confidential Information and business connections of the Employer, and any other Group Company, to which the Executive has access as a result of the Employment.
10.6 11.6 Each of the obligations in this Clause 10 11 is an entirely separate and independent restriction on the Executive. If any part is found to be invalid or unenforceable the remainder will remain valid and enforceable.
10.7 11.7 The Executive acknowledges and agrees to draw the provisions of this Clause 10 11 to the attention of any third party who may at any time before or after the termination of the Employment offer to employ or engage the Executive in any capacity and for whom or with whom the Executive intends to work during the 12 months following the Termination Date.
Appears in 2 contracts
Sources: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC)