Common use of Protective Covenant Clause in Contracts

Protective Covenant. It is specifically agreed that for a period of two years after cessation of employment (the "Protective Period"), Employee shall not in any manner contact, solicit or cause to be solicited any of Employer's customers, suppliers or clients or former or prospective customers or suppliers for any purpose whatsoever, without the written consent of Employer. Employee further agrees that during the Protective Period he will not directly or indirectly, solicit any Employee of Employer to leave his employment with Employer, unless expressly authorized or instructed to do so in writing by Employer. RETURN OF PROPERTY. All documents, drawings, lists, records or other tangible or intangible thing relating to the business of Employer that Employee originates or comes into the Employee's possession in any way during the employment period shall remain the sole property of Employer. Any copies, abstracts or summaries of such items are likewise the sole property of Employer. Employee shall not make copies or prepare abstracts or summaries of such items except for the sole use and account of Employer and with the consent and instruction of Employer's management. Upon termination of employment of Employee, he or she shall immediately return to Employer all such items in his or her possession, as well as all of Employer's property he or she has received for assistance in performing work duties, including but not limited to those items outlined above, as well as any of Employer's equipment or supplies. Employee shall be liable for damages to Employer for any such property not so returned.

Appears in 4 contracts

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

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