Noninterference; Noncompetition. Executive agrees that during the term of this Agreement and throughout that period after the termination hereof during which Executive is paid severance pursuant to Section 6(d)(i) or 6(d)(ii) hereof, but not for any period that Company has elected not to pay severance pursuant to its election under section 6(b)(ii) (the "Severance Period"), Executive shall not, directly or indirectly, except on behalf of the Company and its respective Affiliates: (a) engage, invest, participate or be interested in any business, enterprise or operation competing with the Company or any of its Affiliates with respect to the Business in any of the Territories; or (b) have any interest in, own, manage, operate, control, be connected with as a stockholder (other than as a stockholder of less than one percent (1%) of the issued and outstanding stock of a publicly held corporation), joint venturer, officer, director, agent, lender, representative, partner, employee or consultant, or otherwise engage or invest or participate in any business that shall compete with the Business, whether conducted by the Company, any Affiliate of the Company or any of their successors in any of the Territories; or (c) solicit or hire any existing or future employee of the Company, any Affiliate of the Company or any of their respective Affiliates or successors; or (d) solicit or encourage any material customer or supplier of the Company or any of its Affiliates to terminate or adversely alter in any material respect any relationship such person may have with the Company, any of its Affiliates or any of their successors.
Appears in 4 contracts
Samples: Employment Agreement (Autocam International LTD), Employment Agreement (Autocam Corp/Mi), Employment Agreement (Autocam International LTD)