Common use of Duty to Inform Employer of Plans to Compete Clause in Contracts

Duty to Inform Employer of Plans to Compete. While employed by Employer and during the Restricted Period, Executive shall immediately notify the Employer in writing of any plans or contemplated plans of Executive to compete with the business of the Employer, including, but not limited to: (1) the details of any interview with, offer from, or acceptance of a job offer with any Competitor; (2) any formation of or contemplated formation of any business entity to engage in the Employer’s Business or compete with Employer in any way; or (3) any communications with other employees concerning actual or potential employment with a Competitor or formation of any business entity to compete with Employer’s Business.