Common use of Non-Interference with Business Clause in Contracts

Non-Interference with Business. (i) Employee and the 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 interests of the Company given: (A) the business of the Company; (B) the competitive nature of the Company’s industry; and (C) 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. (ii) 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 date of Separation from Service, except as expressly approved by the Chief Executive Officer of the Company.

Appears in 5 contracts

Samples: Deferred Compensation Agreement (Mississippi Power Co), Deferred Compensation Agreement (Southern Co), Deferred Compensation Agreement (Alabama Power Co)

AutoNDA by SimpleDocs

Non-Interference with Business. (i) Employee and the 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 interests of the Company given: (A) the business of the Company; (B) the competitive nature of the Company’s industry; industry and (C) that Employee’s skills are such that he she could easily find alternative, commensurate employment or consulting work in his her field which would not violate any of the provisions of this Agreement. (ii) 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 date of Separation from Service, except as expressly approved by the Chief Executive Officer of the Company.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Southern Power Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!