Common use of Post-Employment Noncompetition Covenant Clause in Contracts

Post-Employment Noncompetition Covenant. Except with the prior written consent of the Board, Employee shall not engage in activities in the Territory either on Employee's own behalf or that of any other business organization, which are in direct competition with the Company, or solicit customers, or clients, of the Company or any of its affiliates for a period of six (6) months subsequent to Employee's voluntary withdrawal from employment with the Company (except for a Change in Control Termination in which case this Noncompetition Covenant does not apply), or the Company's termination of Employee's employment for Cause. In accordance with the foregoing limits, Employee will not willfully canvas, solicit nor accept any such business in competition with the business of the Company from any customers of the Company with whom Employee had contact during, or of which Employee had knowledge solely as a result of, his performance of services for the Company pursuant to this Agreement, and Employee will not directly or indirectly request, induce or advise any customers of the Company with whom Employee had contact during the term of this Agreement to withdraw, curtail or cancel their business with the Company. Employee and the Company expressly declare that the territorial and time limitations contained in this Section and the definition of "Territory" are entirely reasonable at this time and are

Appears in 3 contracts

Samples: Employment Agreement (Didax Inc), Employment Agreement (Didax Inc), Employment Agreement (Didax Inc)

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Post-Employment Noncompetition Covenant. Except with the prior written consent of the Board, Employee shall not engage in In activities in the Territory either on Employeeployee's own behalf or that of any other business organization, which are in direct competition petition with the Company, or solicit customers, or clients, of the Company or any of its affiliates for a period of six (6) months subsequent to Employee's voluntary withdrawal from employment with the Company (except for a Change in Control Termination in which case this Noncompetition Covenant does not apply), or the Company's termination of Employee's employment for Cause. In accordance with the foregoing limits, Employee will not willfully canvas, solicit nor accept any such business in competition with the business of the Company from any customers of the Company with whom Employee had contact during, or of which Employee had knowledge solely as a result of, his performance of services for the Company pursuant to this Agreement, and Employee will not directly or indirectly request, induce or advise any customers of the Company with whom Employee had contact during the term of this Agreement to withdraw, curtail or cancel their business with the Company. Employee and the Company expressly declare that the territorial and time limitations contained in this Section and the definition of "Territory" are entirely reasonable at this time and are

Appears in 1 contract

Samples: Employment Agreement (Didax Inc)

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