Common use of Noncompete Obligations Clause in Contracts

Noncompete Obligations. Employee agrees that, during Employee's employment with the Corporation and for a period of eighteen (18) months following Employee's termination of employment with the Company, regardless of the reason for termination, Employee will not, directly or indirectly, render services to any person or entity that designs, develops, manufactures, markets or sells a Competitive Product in any geographic area where the Company designs, develops, manufactures, markets or sells a Corporate Product. Employee understands and acknowledges that, at the present time, the geographic market of the Company includes the entire United States. Employee understands and acknowledges that the foregoing description of the Company's geographic market may change, and the provisions of this section 6 and all of its subparts shall apply to the geographic market of the Company in effect upon the termination of Employee's employment with the Company.

Appears in 5 contracts

Samples: Employment Agreement (Hei Inc), Employment Agreement (Hei Inc), Employment Agreement (Hei Inc)

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Noncompete Obligations. Employee agrees that, during Employee's ’s employment with the Corporation and for a period of eighteen (18) months following Employee's ’s termination of employment with the CompanyCorporation, regardless of the reason for termination, Employee will not, directly or indirectly, render services to any person or entity that designs, develops, manufactures, markets or sells a Competitive Product in any geographic area where the Company Corporation designs, develops, manufactures, markets or sells a Corporate Product. Employee understands and acknowledges that, at the present time, the geographic market of the Company Corporation includes the entire United States. Employee understands and acknowledges that the foregoing description of the Company's Corporation’s geographic market may change, and the provisions of this section 6 and all of its subparts shall apply to the geographic market of the Company Corporation in effect upon the termination of Employee's ’s employment with the CompanyCorporation.

Appears in 2 contracts

Samples: Employment Agreement (Hei Inc), Employment Agreement (Hei Inc)

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Noncompete Obligations. Employee agrees that, during Employee's his employment with the Corporation and for a period of eighteen (18) months following Employee's his termination of employment with the Company, regardless of the reason for termination, Employee will not, directly or indirectly, render services to any person or entity that designs, develops, manufactures, markets or sells a Competitive Product in any geographic area where the Company designs, develops, manufactures, markets or sells a Corporate Product. Employee understands and acknowledges that, at the present time, the geographic market of the Company includes the entire United States. Employee understands and acknowledges that the foregoing description of the Company's ’s geographic market may change, and the provisions of this section 6 and all of its subparts shall apply to the geographic market of the Company in effect upon the termination of Employee's ’s employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Hei Inc)

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