Common use of Noncompete Agreement Clause in Contracts

Noncompete Agreement. In consideration of the Company's agreement to employ the Executive hereunder, the Executive hereby agrees that during the Noncompete Period (as hereinafter defined), without the prior written approval of the Company, the Executive shall not, directly or indirectly, enter into or in any manner take part in any business, either individually or as an officer, director, employee, agent, consultant, partner, investor (excluding passive investments in publicly traded securities not aggregating more than 1% of any such entity's total outstanding voting securities), principal or otherwise, which is in competition with the business of Premier, the Company or any Subsidiary in any business in which Premier, the Company or any Subsidiary is materially engaged on the date of termination in any state or territorial jurisdiction (including the District of Columbia) in which Premier, the Company or any Subsidiary is so materially engaged on the date of termination. The Executive further agrees that during the Noncompete Period he shall not, directly or indirectly, acting either alone or in concert with others, seek to (i) influence any employee of Premier, the Company or any Subsidiary to leave or otherwise terminate his or her employment with such entity or (ii) solicit business from or otherwise do business or deal with any person or entity who is, on the date of termination, a customer of Premier, the Company or any Subsidiary, in connection with any product or service similar to or competitive with any product or service offered or provided by Premier, the Company or any such Subsidiary (to such customer or otherwise) on the date of termination.

Noncompete Agreement. In consideration of the Company's -------------------- agreement to employ the Executive hereunder, the Executive hereby agrees that during the Noncompete Period (as hereinafter defined), without the prior written approval of the Company, the Executive shall not, directly or indirectly, enter into or in any manner take part in any business, either individually or as an officer, director, employee, agent, consultant, partner, investor (excluding passive investments in publicly traded securities not aggregating more than 1% of any such entity's total outstanding voting securities), principal or otherwise, which is in competition with the business of Premier, the Company or any Subsidiary in any business in which Premier, the Company or any Subsidiary is materially engaged on the date of termination in any state or territorial jurisdiction (including the District of Columbia) in which Premier, the Company or any Subsidiary is so materially engaged on the date of termination. The Executive further agrees that during the Noncompete Period he shall not, directly or indirectly, acting either alone or in concert with others, seek to (i) influence any employee of Premier, the Company or any Subsidiary to leave or otherwise terminate his or her employment with such entity or (ii) solicit business from or otherwise do business or deal with any person or entity who is, on the date of termination, a customer of Premier, the Company or any Subsidiary, in connection with any product or service similar to or competitive with any product or service offered or provided by Premier, the Company or any such Subsidiary (to such customer or otherwise) on the date of termination.

Noncompete Agreement. In consideration of the Company's agreement to ------------------------ employ the Executive hereunder, the Executive hereby agrees that during the Noncompete Period (as hereinafter defined), without the prior written approval of the Company, the Executive shall not, directly or indirectly, enter into or in any manner take part in any business, either individually or as an officer, director, employee, agent, consultant, partner, investor (excluding passive investments in publicly traded securities not aggregating more than 1% of any such entity's total outstanding voting securities), principal or otherwise, which is in competition with the business of Premier, the Company or any Subsidiary in any business in which Premier, the Company or any Subsidiary is materially engaged on the date of termination in any state or territorial jurisdiction (including the District of Columbia) in which Premier, the Company or any Subsidiary is so materially engaged on the date of termination. The Executive further agrees that during the Noncompete Period he shall not, directly or indirectly, acting either alone or in concert with others, seek to (i) influence any employee of Premier, the Company or any Subsidiary to leave or otherwise terminate his or her employment with such entity or (ii) solicit business from or otherwise do business or deal with any person or entity who is, on the date of termination, a customer of Premier, the Company or any Subsidiary, in connection with any product or service similar to or competitive with any product or service offered or provided by Premier, the Company or any such Subsidiary (to such customer or otherwise) on the date of termination.

Noncompete Agreement. In consideration of the Company's agreement to -------------------- employ the Executive hereunder, the Executive hereby agrees that during the Noncompete Period (as hereinafter defined), without the prior written approval of the Company, the Executive shall not, directly or indirectly, enter into or in any manner take part in any business, either individually or as an officer, director, employee, agent, consultant, partner, investor (excluding passive investments in publicly traded securities not aggregating more than 1% of any such entity's total outstanding voting securities), principal or otherwise, which is in competition with the business of Premier, the Company or any Subsidiary in any business in which Premier, the Company or any Subsidiary is materially engaged on the date of termination in any state or territorial jurisdiction (including the District of Columbia) in which Premier, the Company or any Subsidiary is so materially engaged on the date of termination. The Executive further agrees that during the Noncompete Period he shall not, directly or indirectly, acting either alone or in concert with others, seek to (i) influence any employee of Premier, the Company or any Subsidiary to leave or otherwise terminate his or her employment with such entity or (ii) solicit business from or otherwise do business or deal with any person or entity who is, on the date of termination, a customer of Premier, the Company or any Subsidiary, in connection with any product or service similar to or competitive with any product or service offered or provided by Premier, the Company or any such Subsidiary (to such customer or otherwise) on the date of termination.