Common use of Noncompetition, Trade Secrets, Etc Clause in Contracts

Noncompetition, Trade Secrets, Etc. (a) During the term of this Agreement and for a period of one year after the termination of his employment with Company for any reason whatsoever, Executive shall not directly or indirectly induce or attempt to influence any executive of Company to terminate his or her employment with Company and shall not engage in (as a principal, partner, director, officer, agent, executive, consultant or otherwise) or be financially interested in any business operating within the geographical area described in Exhibit "A", attached hereto, which is involved in business activities which are the same as, similar to, or in competition with business activities carried on by Company, or being definitively planned by Company, at the time of the termination of Executive's employment. However, nothing contained in this Paragraph 10 shall prevent Executive from holding for investment no more than three percent of any class of equity securities of a company whose securities are traded on a national securities exchange or the Nasdaq System.

Appears in 2 contracts

Samples: Employment Agreement (Global Technologies LTD), Employment Agreement (Network Connection Inc)

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Noncompetition, Trade Secrets, Etc. (a) During the term of this Agreement and for a period of one (1) year after the termination of his employment with Company for any reason whatsoever, Executive shall not directly or indirectly induce or attempt to influence any executive of Company to terminate his or her employment with Company and shall not engage in (as a principal, partner, director, officer, agent, executive, consultant or otherwise) or be financially interested in any business operating within the geographical area described in Exhibit "A", attached hereto, which is involved in business activities which are the same as, similar to, or in competition with business activities carried on by Company, or being definitively definitely planned by Company, at the time of the termination of Executive's employment. However, nothing contained in this Paragraph 10 13 shall prevent Executive from holding for investment no more than three five percent (5%) of any class of equity securities of a company whose securities are traded on a national securities exchange or on the Nasdaq SystemNASDAQ National Market.

Appears in 2 contracts

Samples: Employment Agreement (Network Connection Inc), Employment Agreement (Network Connection Inc)

Noncompetition, Trade Secrets, Etc. (a) During the term of this Agreement and for a period of one (1) year after the termination of his employment with Company for any reason whatsoever, Executive shall not directly or indirectly induce or attempt to influence any executive of Company to terminate his or her employment with Company and shall not engage in (as a principal, partner, director, officer, agent, executive, consultant or otherwise) or be financially interested in any business operating within the geographical area described in Exhibit "A", attached hereto, which is involved in business activities which are the same as, similar to, or in competition with business activities carried on by Company, or being definitively definitely planned by Company, at the time of the termination of Executive's employment. However, nothing contained in this Paragraph 10 11 shall prevent Executive from holding for investment no more than three five percent (5%) of any class of equity securities of a company whose securities are traded on a national securities exchange or on the Nasdaq NASDAQ System.

Appears in 1 contract

Samples: Employment Agreement (Global Technologies LTD)

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Noncompetition, Trade Secrets, Etc. (a) During the term of this Agreement and for a period of one (1) year after the termination of his employment with Company for any reason whatsoever, Executive shall not directly or indirectly induce or attempt to influence any executive of Company to terminate his or her employment with Company and shall not engage in (as a principal, partner, director, officer, agent, executive, consultant or otherwise) or be financially interested in any business operating within the geographical area described in Exhibit "A", attached hereto, which is involved in business activities which are the same as, similar to, or in competition with business activities carried on by Company, or being definitively definitely planned by Company, at the time of the termination of Executive's employment. However, nothing contained in this Paragraph 10 13 shall prevent Executive from holding for investment no more than three five percent (5%) of any class of equity securities of a company whose securities are traded on a national securities exchange or on the Nasdaq NASDAQ System.

Appears in 1 contract

Samples: Employment Agreement (Global Technologies LTD)

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