Covenant Not To Compete and Confidentiality. (a) The Executive acknowledges the Company's reliance on and expectation of the Executive's continued commitment to performance of his duties and responsibilities during the term of this Agreement. In light of such reliance and expectation on the part of the Company, the Executive agrees that:
Covenant Not To Compete and Confidentiality a. Recognizing that Employee will, during the course of Employee's employment with Company or of any corporation or other entity, at least a majority of whose voting securities are owned, directly or indirectly, by the Company (a "Subsidiary"), obtain or acquire knowledge of Confidential Information, which knowledge would, in the event Employee were to become employed by or associated with a competitor of Company, or of any Subsidiary, become available and provide invaluable benefits to such competitor and cause irreparable harm to Company, or any Subsidiary, and in consideration of the severance payments provided herein, Employee will not, within the geographic location provided herein, from the date hereof until twenty-four (24) months following termination of Employee's employment for any reason, directly or indirectly, as a director, officer, employee, or as an owner of any equity proprietary interest in (except for ownership of shares in a publicly traded company not exceeding five percent (5%) of any class of outstanding equity securities), or as a consultant or otherwise, render services to, have any financial interest in, or otherwise participate in the affairs of, any business ("Competitive Business") which is, or is planning or organizing to be, engaged in the manufacture and/or sale of products or the rendering of services competitive with the products manufactured or sold or the services rendered by Company or any Subsidiary. The geographic limitation of the foregoing covenant not to compete shall extend to any state of the United States in which the Company or any Subsidiary sold or actively attempted to sell its products or services within the one (1) year period prior to the termination of Employee's employment with Company. In the event that Employee is employed by a Competitive Business which is engaged in the manufacture or sale of multiple products, this Section 2 shall apply to only those portions of said Competitive Business which are directly or indirectly competitive with Company or any Subsidiary.
Covenant Not To Compete and Confidentiality. (a) Executive acknowledges that as a key management employee, Executive will be involved on a high level, in the development, implementation and management of the Company's business strategies and plans and that by virtue of Executive's unique and sensitive position and special background, employment of Executive by a competitor of the Company represents a serious competitive danger to the Company, and the use of Executive's talent and knowledge and information about the Company's business, strategies and plans can and would constitute a valuable competitive advantage over the Company. In view of the foregoing, Executive agrees that beginning on the date of termination of Executive's employment with the Company and continuing for a period of twelve (12) months following the month during which termination occurred, Executive will not, directly or indirectly, do, or cause to be done, any of the following:
Covenant Not To Compete and Confidentiality. (a) In order to induce the Corporation to enter into an employment relationship, but if and only if this Agreement is terminated by Corporation for cause as specified in paragraph 10(a) or by the Employee without good reason as specified in paragraph 10(b)(ii) and under no other circumstance, the Employee covenants and agrees that for a period of three (3) years after termination of the Employee's employment, the Employee will not directly or indirectly, as sole proprietor, independent contractor, employee, consultant, agent, partner or joint venturer, or as an officer, director, stockholder, agent, servant or employee of any firm, person, entity, partnership or corporation, or otherwise, engage or participate in or attempt to engage or participate in any manner in the same, a similar or a directly or indirectly competitive business, to that of Corporation.
Covenant Not To Compete and Confidentiality. (a) The Executive acknowledges Bingxxx'x xxxiance and expectation of the Executive's continued commitment to performance of his duties and responsibilities under this Agreement. In light of such reliance and expectation on the part of Bingxxx, xxe Executive agrees that:
Covenant Not To Compete and Confidentiality. (a) The Executive acknowledges the Subsidiaries' reliance and expectation of the Executive's continued commitment to performance of his duties and responsibilities under this Agreement. In light of such reliance and expectation on the part of the Subsidiaries, the Executive agrees that:
Covenant Not To Compete and Confidentiality. (a) The Executive acknowledges Origen’s and Parent’s reliance and expectation of the Executive’s continued commitment to performance of his duties and responsibilities under this Agreement. In light of such reliance and expectation on the part of Origen and Parent, the Executive agrees that:
Covenant Not To Compete and Confidentiality. For and in consideration of: (i) Employers' employment of Employee pursuant to Article I of this Agreement; (ii) Employers' entering into this Agreement; and (iii) the issuance under this Agreement of options to purchase shares of common stock of Synovus pursuant to the terms hereof, Employee hereby agrees to the following:
Covenant Not To Compete and Confidentiality. (a) Employee has obtained or acquired and will, during the BANDAG, INCORPORATED AND SUBSIDIARIES course of Employee's employment with TDS, obtain or acquire, knowledge of Confidential Information, which knowledge would, in the event Employee were to become employed by or associated with a competitor of TDS, become available and provide invaluable benefits to such competitor and cause irreparable harm to TDS. In consideration of the severance payments provided herein, Employee will not, within the geographic location provided herein, from the date hereof until the number of months set forth in the immediately following sentence has elapsed following termination of Employee's employment with TDS for any reason, directly or indirectly, as a director, officer, employee, or as an owner of any equity proprietary interest in (except for ownership of shares in a publicly traded company not exceeding five percent (5%) of any class of outstanding equity securities), or as a consultant or otherwise, render services to, have any financial interest in, or otherwise participate in the affairs of, any business ("Competitive Business") which is, or is planning or organizing to be, engaged in the manufacture and/or sale of products or the rendering of services competitive with the products manufactured or sold or the services rendered by TDS. Employee shall be restricted (as set forth in this Section 2(a)) for twenty-four (24) months following termination of Employee's employment with TDS, unless the reason for such termination is the voluntary termination of Employee, in which event the period of restriction shall be twelve (12) months, provided, however, that, in the event of Employee's voluntary termination, TDS shall have the right, exercisable in its sole discretion, to cause such period of restriction to be twenty-four (24) months (such twenty-four (24) or twelve (12) month period is hereinafter referred to as the Period of Restriction). TDS may exercise such right by giving employee written notice of TDS' exercise of such right as soon as reasonably practicable after the effective date of Employee's voluntary termination. TDS' right to cause the Period of Restriction to be twenty-four months shall expire after the first installment payment provided by Section 4 hereof has been made. The geographic limitation of the foregoing covenant not to compete shall extend to any state of the United States in which TDS sold or actively attempted to sell its products or services...
Covenant Not To Compete and Confidentiality. (a) In order to induce the Corporation to enter into an employment relationship, the Employee covenants and agrees for a period of five (5) years after termination of the Employee's employment, the Employee will not directly or indirectly, as sole proprietor, independent contractor, employee, consultant, agent, partner or joint venturer, or as an officer, director, stockholder, agent, servant or employee of any firm, person, entity, partnership or corporation, or otherwise, engage or participate in or attempt to engage or participate in any manner in the same, a similar or a directly or indirectly competitive business, to that of Corporation. Notwithstanding the foregoing, the Employee shall be entitled to be employed by a major pharmaceutical company in a non-marketing or sales capacity even if such employer is marketing a product that is competitive with those of the corporation provided that such competitive product does not constitute 10% or more of such employer's sales.
