Common use of Confidential Information and Non-Competition Clause in Contracts

Confidential Information and Non-Competition. 13.1 The Executive acknowledges and agrees that in performing the duties and responsibilities of his employment pursuant to this Agreement, he will occupy a position of high fiduciary trust and confidence with the Corporation, pursuant to which he will develop and acquire wide experience and knowledge with respect to all aspects of the Business carried on by the Corporation and its Related Corporations, and the manner in which such Business is conducted. It is the express intent and agreement of the Executive and the Corporation that such knowledge and experience shall be used solely and exclusively in furtherance of the Business interests of the Corporation and its Related Corporations, and not in any manner detrimental to them. The Executive therefore agrees that, so long as he is engaged by the Corporation pursuant to this Agreement, he shall not engage in any practice or business that competes with the Business of the Corporation or its Related Corporations. It shall not be considered a violation of this Section 13.1 for the Executive to be involved as an investor or shareholder in securities issued by corporations that compete directly or indirectly with the Business, provided that such investment does not constitute more than 5% of the outstanding securities of a business or corporation whose shares trade on a recognized stock exchange.

Confidential Information and Non-Competition. 13.1 The Executive acknowledges and agrees that in performing the duties and responsibilities of his her employment pursuant to this Agreement, he she will occupy a position of high fiduciary trust and confidence with the Corporation, pursuant to which he she will develop and acquire wide experience and knowledge with respect to all aspects of the Business carried on by the Corporation and its Related Corporations, and the manner in which such Business is conducted. It is the express intent and agreement of the Executive and the Corporation that such knowledge and experience shall be used solely and exclusively in furtherance of the Business interests of the Corporation and its Related Corporations, and not in any manner detrimental to them. The Executive therefore agrees that, so long as he she is engaged by the Corporation pursuant to this Agreement, he she shall not engage in any practice or business that competes with the Business of the Corporation or its Related Corporations. It shall not be considered a violation of this Section 13.1 for the Executive to be involved as an investor or shareholder in securities issued by corporations that compete directly or indirectly with the Business, provided that such investment does not constitute more than 5% of the outstanding securities of a business or corporation whose shares trade on a recognized stock exchange.

Confidential Information and Non-Competition. 13.1 12.1 The Executive acknowledges and agrees that in performing the duties and responsibilities of his employment pursuant to this Agreement, he will occupy a position of high fiduciary trust and confidence with the Corporation, pursuant to which he will develop and acquire wide experience and knowledge with respect to all aspects of the Business business carried on by the Corporation and its Related Corporations, and the manner in which such Business business is conducted. It is the express intent and agreement of the Executive and the Corporation that such knowledge and experience shall be used solely and exclusively in furtherance of the Business business interests of the Corporation and its Related Corporations, and not in any manner detrimental to them. The Executive therefore agrees that, so long as he is engaged employed by the Corporation pursuant to this Agreement, he shall not engage in any practice business activity that competes, whether directly or business that competes indirectly, with the Business business of the Corporation or its Related Corporations. It shall not be considered a violation of this Section 13.1 12.1 for the Executive to be involved as an investor or shareholder in securities issued by corporations that do not compete directly or indirectly with the Businessbusiness of the Corporation, provided that or where such investment does constitutes not constitute more than five percent (5% %) of the outstanding securities of a business or corporation whose shares trade are traded on a recognized stock national securities exchange.