Common use of Noncompete and Nonsolicitation of Customers or Employees Clause in Contracts

Noncompete and Nonsolicitation of Customers or Employees. During my --------------------------------------------------------- employment by the Company, I will devote my full time and best efforts to the business of the Company and I will not, directly or indirectly, alone or as a partner, officer, director, employee or holder of more than 5% of the common stock of any other organization, engage in any business activity which competes directly or indirectly with the products or services being developed, manufactured or sold by the Company. I also agree that, following any termination of such employment, I will not, directly or indirectly, for any period in which I receive severance payments from the Company, plus one (1) year, (a) solicit or attempt to solicit, for the purpose of providing any products or services competitive with the Company in its Business (defined below), any customers or active prospects of the Company with which I had any material business contact for or on behalf of the Company at any time during the last twelve (12) months of my employment, or (b) solicit, recruit, or otherwise seek to induce any employees of the Company to terminate their employment or violate any agreement with the Company to work for any person or entity engaged in the Business. "Business" means the sale of products and services that enable (1) broadband providers to stream video to customers, and (2) high performance computing designed to acquire, process, store, analyze, and display large amounts of rapidly changing information with microsecond response as changes occur.

Appears in 3 contracts

Samples: Protective Agreement (Concurrent Computer Corp/De), Protective Agreement (Concurrent Computer Corp/De), Protective Agreement (Concurrent Computer Corp/De)

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