Common use of Limited Agreement Not to Compete Clause in Contracts

Limited Agreement Not to Compete. (a) While employed by the Company and for a period of nine (9) months after the termination of the Employee’s employment with the Company, the Employee shall not, directly or indirectly, as an employee, employer, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any other individual or representative capacity, engage or participate in any business that is competitive with the business of the Company. Notwithstanding the foregoing, the Employee may own less than two percent (2%) of any class of stock or security of any corporation, which competes with the Company listed on a national securities exchange. (b) While employed by the Company and for a period of twelve (12) months after the termination of the Employee’s employment with the Company, the Employee shall not, directly or indirectly, solicit for employment any person who was employed by the Company at the time of the Employee’s termination from the Company.

Appears in 6 contracts

Samples: Employment Agreement (Dice Holdings, Inc.), Stock Purchase Agreement (Dice Holdings, Inc.), Employment Agreement (Dice Holdings, Inc.)

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Limited Agreement Not to Compete. (a) While employed by the Company and for a period of nine (9) months after the termination of the Employee’s 's employment with the Company, the Employee shall not, directly or indirectly, as an employee, employer, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any other individual or representative capacity, engage or participate in any business that is competitive with the business of the Company. Notwithstanding the foregoing, the Employee may own less than two percent (2%) of any class of stock or security of any corporation, which competes with the Company listed on a national securities exchange. (b) While employed by the Company and for a period of twelve (12) months after the termination of the Employee’s 's employment with the Company, the Employee shall not, directly or indirectly, solicit for employment any person who was employed by the Company at the time of the Employee’s 's termination from the Company.

Appears in 5 contracts

Samples: Employment Agreement (Dice Holdings, Inc.), Employment Agreement (Earthweb Inc), Employment Agreement (Dice Inc)

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Limited Agreement Not to Compete. (a) While employed by the Company and for a period of nine twelve (912) months after the termination of the Employee’s employment with the Company, the Employee shall not, directly or indirectly, as an employee, employer, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any other individual or representative capacity, engage or participate in any business that is competitive with the business of the Company. Notwithstanding the foregoing, the Employee may own less than two percent (2%) of any class of stock or security of any corporation, which competes with the Company listed on a national securities exchange. (b) While employed by the Company and for a period of twelve (12) months after the termination of the Employee’s employment with the Company, the Employee shall not, directly or indirectly, solicit for employment any person who was employed by the Company at the time of the Employee’s termination from the Company.

Appears in 2 contracts

Samples: Employment Agreement (Dice Holdings, Inc.), Employment Agreement (Dice Holdings, Inc.)

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