Common use of BUSINESS OPPORTUNITIES AND INTELLECTUAL PROPERTY; PERSONAL INVESTMENTS; CONFIDENTIALITY; COVENANT NOT TO COMPETE Clause in Contracts

BUSINESS OPPORTUNITIES AND INTELLECTUAL PROPERTY; PERSONAL INVESTMENTS; CONFIDENTIALITY; COVENANT NOT TO COMPETE. Employee acknowledges that in the course of his employment hereunder and performance of services on behalf of the Related Parties he will become privy to various business opportunities, economic and trade secrets and relationships of the Related Parties. Therefore, in consideration of this Agreement and the consummation of the Proposed Transaction, Employee hereby agrees as provided below in this Section 6.

Appears in 3 contracts

Samples: Employment Agreement (Texoil Inc /Nv/), Employment Agreement (Texoil Inc /Nv/), Employment Agreement (Texoil Inc /Nv/)

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BUSINESS OPPORTUNITIES AND INTELLECTUAL PROPERTY; PERSONAL INVESTMENTS; CONFIDENTIALITY; COVENANT NOT TO COMPETE. Employee acknowledges that in the course of his her employment hereunder and performance of services on behalf of the Related Parties he she will become privy to various business opportunities, economic and trade secrets and relationships of the Related Parties. Therefore, in consideration of this Agreement and the consummation of the Proposed Transaction, Employee hereby agrees as provided below in this Section 6.

Appears in 1 contract

Samples: Employment Agreement (Texoil Inc /Nv/)

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