Common use of Non-Competition After Employment Clause in Contracts

Non-Competition After Employment. The Employee agrees that, upon voluntary or involuntary termination of employment with the Company and for a period of two (2) years thereafter, he/she will not, directly or indirectly, individually or as an employee, agent, partner, shareholder, consultant, or in any other capacity, canvass, contact, solicit or accept any of the Company’s customers with whom the Employee had contact during the two (2) year period preceding his/her termination for the purpose of providing services, products or business that are in competition with the services, products or business which the Company provides to such customers. It is understood and agreed that the fluid customer list limitation contemplated by the parties closely approximates the area of the Company’s vulnerability to unfair competition by Employee and does not deprive Employee of legitimate competitive opportunities to which he/she is entitled.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Briggs & Stratton Corp), Restricted Stock Unit Award Agreement (Briggs & Stratton Corp), Restricted Stock Award Agreement (Briggs & Stratton Corp)

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Non-Competition After Employment. The Employee Optionee agrees that, upon voluntary or involuntary termination of employment with the Company and for a period of two (2) years thereafter, he/she will not, directly or indirectly, individually or as an employee, agent, partner, shareholder, consultant, or in any other capacity, canvass, contact, solicit or accept any of the Company’s customers with whom the Employee had contact during the two (2) year period preceding his/her termination for the purpose of providing services, products or business that are in competition with the services, products or business which the Company provides to such customers. It is understood and agreed that the fluid customer list limitation contemplated by the parties closely approximates the area of the Company’s vulnerability to unfair competition by Employee Optionee and does not deprive Employee optionee of legitimate competitive opportunities to which he/she is entitled.

Appears in 1 contract

Samples: Stock Option Agreement (Briggs & Stratton Corp)

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Non-Competition After Employment. The Employee Participant agrees that, upon voluntary or involuntary termination of employment with the Company and for a period of two (2) years thereafter, he/she will not, directly or indirectly, individually or as an employee, agent, partner, shareholder, consultant, or in any other capacity, canvass, contact, solicit or accept any of the Company’s customers with whom the Employee Participant had contact during the two (2) year period preceding his/her termination for the purpose of providing services, products or business that are in competition with the services, products or business which the Company provides to such customers. It is understood and agreed that the fluid customer list limitation contemplated by the parties closely approximates the area of the Company’s vulnerability to unfair competition by Employee Participant and does not deprive Employee Participant of legitimate competitive opportunities to which he/she is entitled.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Briggs & Stratton Corp)

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