During Term of Employment. The Employee hereby covenants and agrees that, during Employee's employment with the Company, Employee shall not, directly or indirectly, either individually or as an employee, principal, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer, distributor, consultant or in any other capacity, participate in, become associated with, provide assistance to, engage in or have a financial or other interest in any business, activity or enterprise which is competitive with or a supplier to the Company or any successor or assign of the Company. The ownership of less than a one percent interest in a corporation whose shares are traded in a recognized stock exchange or traded in the over-the-counter market, even though that corporation may be a competitor of the Company, shall not be deemed financial participation in a competitor.
During Term of Employment. The Employee hereby covenants and agrees that, during his employment with the Corporation, he shall not, directly or indirectly, either individually or as an employee, officer, principal, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer, distributor or consultant or in any other capacity, participate in, become associated with, provide assistance to, engage in or have a financial or other interest in any business, activity or enterprise which is competitive with the Corporation or any successor or assign of the Corporation. The ownership of less than a 2% interest in a corporation whose shares are traded in a recognized stock exchange or traded in the over-the-counter market, even though that corporation may be a competitor of the Corporation, shall not be deemed financial participation in a competitor.
During Term of Employment. During Employee's term of employment pursuant to this Agreement, Employee will not compete with the Company or its affiliates, directly or indirectly, either for himself or as a member of a partnership or a limited liability company or as a stockholder (except as a stockholder of less than one percent (1 %) of the issued and outstanding stock of a publicly-held company whose gross revenues exceed $100 million), investor, owner, officer or director of a company or other entity, or as an employee, agent, trustee, manager, associate or consultant of any person, partnership, corporation or other entity, in any business in competition with that carried on by the Company or any of its affiliates. As of the date hereof, the Company anticipates that it will engage principally in the business of providing information technology services to a variety of industries, but the provisions of this Section 8.(a) shall apply to any business in which the Company or its affiliates are engaged during the term of Employee's employment.
During Term of Employment. During Executive’s relationship with either Company, Executive will not, in any capacity, participate in, provide assistance to, or have a financial or other interest in any activity or other enterprise which competes with either Company. The ownership of less than a 5% interest in a corporation or other entity whose securities are traded on a recognized stock exchange or traded on the over the counter market, even thought that corporation or other entity may be a competitor to the Company, shall not be deemed a financial participation in a competitor.
During Term of Employment. Mr. Xxxxxxxxx xxxenants and agrees that, during his employment with Edac, he shall not, directly or indirectly, either individually or as an employee, principal, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer, distributor, consultant or in any other capacity, participate in, become associated with, provide assistance to, engage in or have a financial or other interest in any business, activity or enterprise which is competitive with Edac or any successor or assign of Edac. The ownership of less than a one percent interest in a corporation whose shares are traded in a recognized stock exchange or traded in the over-the-counter market, even though that corporation may be a competitor of Edac, shall not be deemed financial participation in a competitor.
During Term of Employment. Employer will provide Executive with the following salary, expense reimbursement and additional employee benefits during the Term hereunder: (a)
During Term of Employment. Xx. Xxxxxx covenants and agrees that, during his employment with Edac, he shall not, directly or indirectly, either individually or as an employee, principal, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer, distributor, consultant or in any other capacity, participate in, become associated with, provide assistance to, engage in or have a financial or other interest in any business, activity or enterprise which is competitive with Edac. The ownership of less than a one percent interest in a corporation whose shares are traded in a recognized stock exchange or traded in the over-the-counter market, even though that corporation may be a competitor of Edac, shall not be deemed financial participation in a competitor.
During Term of Employment. At all times while this Agreement is in force and after its expiration or termination, Executive agrees to refrain from disclosing the customer lists, trade secrets, inventions, or other Proprietary Information of Lxxxxx Laser, Inc. (the "Company"). All Proprietary Information generated by Executive during the Term of Employment as set forth in Executive's Employment Agreement with the Company will be the property of Company and to be surrendered to the Company by Executive upon termination as described in Section 4 of this Agreement. In addition, Executive shall not engage, directly or indirectly, as an Executive, officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter) or in any other capacity, in any competition with the Company, its parent or any of its subsidiaries.
During Term of Employment. Employer will provide Executive with the following salary, expense reimbursement and additional employee benefits during the Term hereunder:
(a) SALARY. Executive will be paid a salary of no less than ______________ Dollars ($ ________) per annum, less deductions and withholdings required by applicable law. The salary shall be paid to Executive in equal monthly installments (or on such more frequent basis as other employees of Employer are compensated from time to time). The salary shall be reviewed by the Board of Directors of Employer on at least an annual basis and may be increased from time to time in the Board of Directors' discretion.
During Term of Employment. Mr. Pagano covenants and agrees that, during his employment with Edac, xx xxxxx not, directly or indirectly, either individually or as an employee, principal, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer, distributor, consultant or in any other capacity, participate in, become associated with, provide assistance to, engage in or have a financial or other interest in any business, activity or enterprise which is competitive with Edac. The ownership of less than a one percent interest in a corporation whose shares are traded in a recognized stock exchange or traded in the over-the-counter market, even though that corporation may be a competitor of Edac, shall not be deemed financial participation in a competitor.
