Noncompetition, etc. Covenants Sample Clauses

Noncompetition, etc. Covenants. A. Executive shall not at any time, whether before or after the Resignation Date, divulge, furnish or make accessible to anyone (other than in the ordinary course of the business of the Company or any subsidiary thereof) any knowledge or information with respect to confidential or secret designs, processes, formulae, plans, devices, material, or research or development work of the Company or any subsidiary thereof, or with respect to any other confidential or secret aspect of the business of the Company or any subsidiary thereof. B. For a period of one year after the Resignation Date, Executive shall not, directly or indirectly, engage or become interested in (as owner, stockholder, partner or otherwise) the operation of any business similar to or in competition (direct or indirect) with the Company within the United States. If any court construes the covenant in this Section 4 or any part thereof, to be unenforceable because of its duration or the area covered thereby, the court shall have the power to reduce the duration or area to the extent necessary so that such provision is enforceable. C. The covenants set forth in this Section 4 shall be deemed separable and the invalidity of any covenant shall not affect the validity or enforceability of any other covenant. If any period of time or limitation of geographical are stated in Section 4 is longer or greater than the maximum period or geographical area permitted by law, then the period of time or geographical areas state therein shall be deemed to be the such maximum permissible period of time or geographical area, as the case may be. All Parties recognize that the foregoing covenants were a prime consideration for the Company to enter into the Employment Agreement and that the Company’s remedies at law for damages in the event of any breach shall be inadequate. In the event that there is a breach of any of the foregoing covenants, the Company shall be entitled to institute and prosecute proceedings in any court of competent jurisdiction to enforce specific performance of any such covenants by Executive or to enjoin Executive from performing acts in breach of any such covenant.