Common use of Duty of Loyalty Clause in Contracts

Duty of Loyalty. Executive acknowledges the common law duties of reasonable care, loyalty, and honesty which arise out of the principal/agent relationship of the parties. While employed and thereafter for whatever term the law may impose, Executive shall not engage in any activity to the detriment of the Company. By way of illustration and not as a limitation, Executive shall not discuss with any customer or potential customer of the Company any plans by Executive or any other Executives of the Company to leave the employment of the Company and compete with the Company.

Appears in 19 contracts

Samples: Employment, Confidentiality, and Non Competition Agreement (Interphase Corp), Employment, Confidentiality, and Non Competition Agreement (Interphase Corp), Employment Agreement (Interphase Corp)

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