Common use of Noncompetition and Non-solicitation Clause in Contracts

Noncompetition and Non-solicitation. The Executive acknowledges and agrees that during the course of his employment with the Company, he has acquired valuable information as to the nature and character of the Business and requirements of the Customers, which information is unique and proprietary to the Company. The Executive covenants and agrees that during the Time Period he will not, directly or indirectly, on behalf of himself or on behalf of any Person: (i) call upon any of the Customers who were such at any time during the twelve-month period ending on the Executive’s Termination Date for the purpose of providing any product or service similar to that provided by the Company or its affiliates or solicit, divert or take away or attempt to solicit, divert or take away any of such Customers; (ii) induce or attempt to induce any Customer who was such at any time during the twelve-month period ending on the Executive’s Termination Date to patronize any Person that is engaged in a business similar to the Business; (iii) engage in any business within the Trade Area which is similar to the Business; and (iv) induce or attempt to induce any employee of the Company to leave the employ of the Company. In addition, during the Time Period and within the Trade Area, the Executive shall not be (a) the owner of an equity or ownership interest in any Person, (b) an officer, director or employee of any Person or (c) a consultant to any Person which conducts the Business.

Appears in 5 contracts

Samples: Employment Agreement (Old Dominion Freight Line Inc/Va), Employment Agreement (Old Dominion Freight Line Inc/Va), Employment Agreement (Old Dominion Freight Line Inc/Va)

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Noncompetition and Non-solicitation. The Executive acknowledges and agrees that during the course of his employment with the Company, he has acquired valuable information as to the nature and character of the Business propane gas cylinder exchange business and requirements of the Customers, which information is unique and proprietary to the Company. The Executive covenants and agrees that during the Time Period he will not, directly or indirectly, on behalf of himself or on behalf of any Person: (i) call upon any of the Customers who were such at any time during the twelve-month period ending on the Executive’s Termination Date for the purpose of providing any product or service similar to that provided by the Company or its affiliates Products or solicit, divert or take away or attempt to solicit, divert or take away any of such the Customers; (ii) induce or attempt to induce any Customer who was such at any time during the twelve-month period ending on the Executive’s Termination Date to patronize any Person that is engaged in manufactures, sells, distributes, or exchanges products of a business like or similar nature to the BusinessProducts; (iii) engage in any business within the Trade Area which manufactures, sells, distributes or exchanges products of a like or similar nature to the Products; (iv) engage in any business within the Trade Area which is similar to the Businesspropane gas cylinder exchange business; and (ivv) induce or attempt to induce any employee of the Company to leave the employ of the Company. In addition, during the Time Period and within the Trade Area, the Executive shall not be (a) the owner of an equity or ownership interest in any Person, (b) an officer, director or employee of any Person or (c) a consultant to any Person which conducts the Businesspropane gas cylinder exchange business.

Appears in 1 contract

Samples: Employment Agreement (Blue Rhino Corp)

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