Common use of Limited Non-Compete Agreement Clause in Contracts

Limited Non-Compete Agreement. The Parties acknowledge and agree that, as a result of Participant’s employment with the Company: (i) Participant has and will have access to and be involved in the development and utilization of the Company’s Confidential Information; (ii) Participant will develop and maintain critical relationships with the Company’s customers, prospective customers, employees, consultants, and independent contractors; and (iii) Participant will be responsible for further developing and strengthening the Company’s goodwill in the market. Accordingly, Participant expressly agrees that Participant will not Compete with the Company during the Restricted Period within the Restricted Territory on behalf of any Competing Business.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Paymentus Holdings, Inc.), Restricted Stock Unit Agreement (Paymentus Holdings, Inc.), Restricted Stock Unit Agreement (Paymentus Holdings, Inc.)

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