Common use of Consideration For Promise To Refrain From Competing Clause in Contracts

Consideration For Promise To Refrain From Competing. Employee agrees that Employee's services are special and unique, that Company's disclosure of confidential, proprietary information and specialized training and knowledge to Employee, and that Employee's level of compensation and benefits and post-termination severance, as applicable, are partly in consideration of and conditioned upon Employee not competing with Company. Employee acknowledges that such consideration for Employee's services under this Agreement is adequate consideration for Employee's promises contained within this Section 9.

Appears in 3 contracts

Samples: Employment Agreement (Cynosure Inc), Employment Agreement (Cynosure Inc), Employment Agreement (Cynosure Inc)

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Consideration For Promise To Refrain From Competing. Employee agrees that Employee's services are special and unique, that the Company's disclosure of confidential, proprietary information and specialized training and knowledge to Employee, and that Employee's level of compensation and benefits and post-termination severance, as applicable, are partly in consideration of and conditioned upon Employee not competing with the Company. Employee acknowledges that such consideration for Employee's services under this Agreement is adequate consideration for Employee's promises contained within this Section 9.

Appears in 2 contracts

Samples: Employment Agreement (SCOLR Pharma, Inc.), Employment Agreement (SCOLR Pharma, Inc.)

Consideration For Promise To Refrain From Competing. Employee agrees that Employee's services are special and unique, that the Company's disclosure of confidential, proprietary information and specialized training and knowledge to Employee, and that Employee's level of compensation and benefits and post-termination severance, as applicable, are partly in consideration of and conditioned upon Employee not competing with the Company. Employee acknowledges that such consideration for Employee's services under this Agreement is adequate consideration for Employee's promises contained within this Section 9section10.

Appears in 1 contract

Samples: Employment Agreement (Zones Inc)

Consideration For Promise To Refrain From Competing. Employee agrees that Employee's ’s services are special and unique, that the Company's ’s disclosure of confidential, proprietary information and specialized training and knowledge to Employee, and that Employee's level of ’s compensation and benefits and post-termination severance, as applicable, are partly in consideration of and conditioned upon Employee not competing with the Company. Employee acknowledges that such consideration for Employee's ’s services under this Agreement is adequate consideration for Employee's ’s promises contained within this Section 9.

Appears in 1 contract

Samples: Employment Agreement (SCOLR Pharma, Inc.)

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Consideration For Promise To Refrain From Competing. Employee agrees that Employee's services are special and unique, that Company's disclosure of confidential, proprietary information and specialized training and knowledge to Employee, and that Employee's level of compensation and benefits and post-termination severance, as applicable, are partly in consideration of and conditioned upon Employee not competing with Company. Employee acknowledges that such consideration for Employee's services under this Agreement is adequate consideration for Employee's promises contained within this Section 9.

Appears in 1 contract

Samples: Employment Agreement (SCOLR Pharma, Inc.)

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