Need for Protection. Executive acknowledges that, because of her senior executive position with the Company, her knowledge of the affairs of the Company and her relations with its suppliers and customers, she could do serious damage to the financial welfare of the Company, should she compete or assist others in competing with the business of the Company. Accordingly, the parties agree as follows:
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Samples: Agreement (Western Sizzlin Corp), Employment Agreement (Western Sizzlin Corp)
Need for Protection. Executive acknowledges that, because of her senior executive position with the Company, her she has or will develop knowledge of the affairs of the Company and her relations relationships with its suppliers dealers, distributors and customers, customers such that she could do serious damage to the financial welfare of the Company, Company should she compete or assist others in competing with the business of the Company. AccordinglyConsequently, and in consideration of her employment with the Company, and for the benefits she is to receive under this Agreement, and for other good and valuable consideration, the parties agree receipt of which she hereby acknowledges, the Executive agrees as follows:
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Ballantyne Strong, Inc.)
Need for Protection. Executive acknowledges that, because of her senior executive position with the Company, her knowledge of the affairs of the Company and her relations with its suppliers dealers, distributors and customers, she could do serious damage to the financial welfare of the Company, Company should she compete or assist others in competing with the business of the Company. Accordingly, the parties agree as follows:
Appears in 1 contract
