Common use of Noncompetition During Employment Clause in Contracts

Noncompetition During Employment. While employed hereunder, the Employee agrees to devote all of his professional and business expertise and efforts to the Corporation, and not to work for any other business or entity or engage in any activity in competition with the Corporation and its affiliates and subsidiaries, and not to render any services, directly or indirectly, of a business, commercial or professional nature to any other person, firm, corporation or organization for compensation without the prior written consent of the Corporation, and not to solicit or entice any employee of the Corporation and its affiliates and subsidiaries, to leave the employ thereof or work for anyone in competition with the Corporation and its affiliates and subsidiaries. Furthermore, the Employee hereby agrees not to take any preliminary steps to set up or engage in any business enterprise that would be in competition with the Corporation and its affiliates and subsidiaries, until after the termination of employment hereunder. In addition, while employed hereunder, the Employee hereby agrees to divulge to the Corporation any and all competitive plans which the Employee may have under consideration, whether or not the Employee intends to act upon such plans. As used in the preceding sentence, the term “competitive plans” shall include, but not be limited to, plans to set up, establish or engage in any business enterprise in competition with the Corporation and its affiliates and subsidiaries, and plans to seek or accept employment from anyone in competition with the Corporation and its affiliates and subsidiaries.

Noncompetition During Employment. While employed hereunder, the Employee agrees to devote all of his her professional and business expertise and efforts to the Corporation, and not to work for any other business or entity or engage in any activity in competition with the Corporation and its affiliates and subsidiaries, and not to render any services, directly or indirectly, of a business, commercial or professional nature to any other person, firm, corporation or organization for compensation without the prior written consent of the Corporation, and not to solicit or entice any employee of the Corporation and its affiliates and subsidiaries, to leave the employ thereof or work for anyone in competition with the Corporation and its affiliates and subsidiaries. Furthermore, the Employee hereby agrees not to take any preliminary steps to set up or engage in any business enterprise that would be in competition with the Corporation and its affiliates and subsidiaries, until after the termination of employment hereunder. In addition, while employed hereunder, the Employee hereby agrees to divulge to the Corporation any and all competitive plans which the Employee may have under consideration, whether or not the Employee intends to act upon such plans. As used in the preceding sentence, the term “competitive plans” shall include, but not be limited to, plans to set up, establish or engage in any business enterprise in competition with the Corporation and its affiliates and subsidiaries, and plans to seek or accept employment from anyone in competition with the Corporation and its affiliates and subsidiaries.