Non-Interference with Business. (a) Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's industry; and (iii) that Employee's skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments described in Paragraph 2 are also in consideration of his covenants and agreements contained in Paragraphs 5 through 9 hereof. (b) Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination Date.
Appears in 3 contracts
Samples: Separation Agreement (Gulf Power Co), Deferred Compensation Agreement (Gulf Power Co), Deferred Compensation Agreement (Gulf Power Co)
Non-Interference with Business. (a) Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's industry; and (iii) that Employee's skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments payment described in Paragraph 2 are is also in consideration of his covenants and agreements contained in Paragraphs 5 6 through 9 10 hereof.
(b) Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two eighteen (218) years months from the Termination Date.
Appears in 1 contract
Samples: Separation Agreement (Gulf Power Co)
Non-Interference with Business. (a) a. Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's ’s industry; and (iii) that Employee's ’s skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments described in Paragraph 2 Paragraphs 5, 11 and 12 are also in consideration of his covenants and agreements contained in Paragraphs 5 15 through 9 19 hereof.
(b) b. Employee covenants and agrees not to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination DateRestricted Period.
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Non-Interference with Business. (a) Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's industry; and (iii) that Employee's skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments described in Paragraph Paragraphs 1 and 2 are also in consideration of his covenants and agreements contained in Paragraphs 5 through 9 hereof.
(b) Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination Datehis termination date.
Appears in 1 contract
Non-Interference with Business. (a) Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's industry; and (iii) that Employee's skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments compensation described in Paragraph 2 are is also in consideration of his covenants and agreements contained in Paragraphs 5 through 9 hereof.
(b) Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination Date.
Appears in 1 contract
Samples: Separation Agreement (Southern Co)
Non-Interference with Business. (a) Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's industry; and (iii) that Employee's skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments described in Paragraph 2 Paragraphs 2, 3 and 4 are also in consideration of his covenants and agreements contained in Paragraphs 5 7 through 9 11 hereof.
(b) Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination Date.
Appears in 1 contract
Samples: Separation Agreement (Gulf Power Co)
Non-Interference with Business. (a) Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's industry; and (iii) that Employee's skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments payment described in Paragraph 2 are is also in consideration of his covenants and agreements contained in Paragraphs 5 6 through 9 10 hereof.
(b) In the event Employee and the Company do not enter into the Consulting Agreement attached hereto as Exhibit 2, Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination Date.
Appears in 1 contract
Samples: Separation Agreement (Gulf Power Co)
Non-Interference with Business. (a) a. Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's ’s industry; and (iii) that Employee's ’s skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments described in Paragraph 2 Paragraphs 5, 10 and 11 are also in consideration of his covenants and agreements contained in Paragraphs 5 15 through 9 18 hereof.
(b) b. Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination Datehis termination date.
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Non-Interference with Business. (a) Employee and Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in this entire Agreement constitute the most reasonable and equitable restrictions possible to protect the business interest of the Company given: (i) the business of the Company; (ii) the competitive nature of the Company's industry; and (iii) that Employee's skills are such that he could easily find alternative, commensurate employment or consulting work in his field which would not violate any of the provisions of this Agreement. The Employee further acknowledges that the payments payment described in Paragraph 2 are 3 is also in consideration of his covenants and agreements contained in Paragraphs 5 7 through 9 11 hereof.
(b) Employee covenants and agrees to not obtain or work in a Competitive Position within the Territory for a period of two (2) years from the Termination Date.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Southern Power Co)