Common use of Written Explanation Clause in Contracts

Written Explanation. To continue to be eligible for Non-Competition Period Payments, on the 15th (fifteenth) day of each month of unemployment, Employee will provide Company with a detailed written account of Employee’s efforts to obtain employment, including a statement explaining that Employee was unable to obtain replacement employment solely due to the provisions of this Agreement, or a statement explaining that the Employee’s monthly base pay for his replacement employment is less than at Company and Employee could not obtain a position financially comparable to his position at Company solely because of this Agreement.

Appears in 2 contracts

Sources: Non Disclosure, Non Competition and Non Solicitation Employment Agreement (Zimmer Holdings Inc), Non Disclosure, Non Competition and Non Solicitation Employment Agreement (Zimmer Holdings Inc)