Common use of Nondisclosure Covenants Clause in Contracts

Nondisclosure Covenants. 5.1 As a significant inducement to Employer to employ Employee and to perform its obligations under this Agreement, Employee hereby agrees that he will not, directly or indirectly, during the term of this Agreement and for the period set forth in section 5.2 below, own an interest in or be employed by, act as a consultant to, or otherwise participate, associate, or engage in, an entity, organization, or business venture of any kind other than services to public and private sector communication systems operators, or high-speed mobile wireless data access to corporate networks and the Internet using wireless modems (other than the de minimis ownership amounts permitted pursuant to Section 2.3 hereof). Without limiting the foregoing, Employee also agrees that he will not, while employed by Employer to terminate or modify such relationship to Employer's detriment or to form a relationship with any other person or entity other than the Employer, call on or otherwise solicit business from any of the customers of Employer which, at the time of termination of his employment, were listed (or ought to have been listed) in the Employer's records, in respect of any service or product that competes directly or indirectly with any service or product provided or marketed by or actually under development or active consideration by Employer at the time of Employee's termination.