EMPLOYMENT AGREEMENT NALCO COMPANY
Exhibit
99.3
NALCO
COMPANY
THIS
AGREEMENT made and entered into
by and between
(“You” or
“you”) and Nalco Company, a Delaware corporation with its principal office in
Illinois, ("Nalco"). The term “Nalco” shall include “ONDEO Nalco Company”,
(Nalco’s previous name).
Purpose
You are
being employed by Nalco and will occupy a trusted position and be enabled to
obtain confidential information about Nalco’s business, the business of Nalco’s
parent, affiliates, subsidiaries, prospective customers, customers, consultants,
licensors, licensees and other business associates (hereafter collectively
"Third Parties");
You may
make or acquire interests in inventions during your employment, or by using
Nalco information;
Nalco
invests substantial sums on the training and development of its employees, and
the development of technology, and the obligations and post employment
restrictions imposed on you are necessary to protect Nalco’s goodwill and
customer relationships.
Requirements
In
consideration of your employment and payment of compensation and benefits by
Nalco, and in view of your trusted position with Nalco, Nalco and you
agree:
1.
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Exclusive
Loyalty to Nalco. While
employed by Nalco, you shall devote all your time and attention and give
your best efforts and skill exclusively to the interests of Nalco during
reasonable business hours and shall perform such services for Nalco as may
from time to time be assigned to you. You will not engage in
other employment without Nalco’s prior written consent. You will be loyal
to Nalco and will disclose to Nalco all corporate opportunities known to
you. You will promptly disclose to Nalco any conflict of
interest or employment matter which may be adverse to Nalco’s interest.
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2.
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Confidential
Information. You
shall not, by yourself or through another, person or through another
entity, during or after your employment by Nalco, disclose to others, or
use, except for Nalco’s benefit, any Confidential
Information. Confidential Information means, but is not limited
to, any inventions, trade secrets, discoveries, improvements, machines,
devices, processes, products, formulae, designs, projects, mixtures and/or
compounds, whether patentable or not, that may have been, are now, or may
hereafter be made, used, devised, considered or investigated by or for
Nalco (including Ondeo Nalco Company) or Third
Parties. Confidential Information also includes, but is not
limited to, customer and prospective customer lists, sales and service
data, strategic planning, marketing information, research plans, training
materials, service techniques, information which gives Nalco a competitive
advantage, financial information, product formulations, computer software
owned by Nalco or licensed by Nalco from Third Parties, computer access
codes, computer data, computer hardware, and other information concerning
the processes, products and activities of Nalco and Third
Parties. You will at all times keep secret and hold inviolate
Confidential Information. The obligations of this section shall not apply
if and to the extent any Confidential Information is or becomes generally
known and is available for use by the public except by an act or omission
of you or another employee with a duty to keep it
confidential. You shall not disclose any identity or
correlation between matters publicly known and Nalco’s Confidential
Information.
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3.
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Nalco’s
Property To Be Used Exclusively For Nalco’s Benefit. Nalco
Property includes, but is not limited to, identification cards, cars,
computer hardware and software, keys, office equipment, books, laboratory
notebooks, credit cards, customer lists, sales and service manuals and
data and all other writings, source and object codes, telephone codes and
security measures to protect Nalco’s e-mail and phone systems, training
manuals, treatment and technology manuals, customer product needs and
pricing information, and records and documents made by or coming into your
possession while working for Nalco. All Nalco property shall be
returned to Nalco upon termination of your employment or on request of
Nalco at any other time. Except in the proper exercise of your
employment duties, you, either during or after your employment, will not
duplicate, remove from Nalco’s custody, or knowingly allow any other
person to duplicate or remove from Nalco’s custody, any Nalco information,
Confidential Information, Nalco property, or any information which has not
been publicly disclosed, including, but not limited to, marketing plans,
business strategies, product announcements, service manuals, and research
and technology developments and customer
information.
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4.
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Employment
and Post-Employment Restrictions
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During
and for eighteen (18) months immediately following termination
of your employment, you will not, by yourself or through another
person or through another entity:
(i)
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Solicit,
offer to sell, or sell any products or provide any services that compete
with or displace Nalco’s products or services to those customers which you
called on, contacted, or performed services for during the last eighteen
(18) months of your employment with Nalco (including Ondeo Nalco Company)
or its affiliates; and
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(ii)
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If
you had supervisory responsibility over sales or marketing employees, you
will not, by yourself or through another person or through another entity,
for eighteen (18) months after termination of your employment, solicit,
offer to sell, or sell any products or provide any services which compete
with or displace Nalco’s products or services to those customers who were
provided Nalco products or services by the sales or marketing employees
over whom you had supervisory responsibility at any time during your last
eighteen (18) months at Nalco (including Ondeo Nalco Company) or its
affiliates; and
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(iii)
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Employ,
solicit, or endeavor to entice away from Nalco (whether for your own
benefit or on behalf of another person or entity) any employees of Nalco
to leave the employ of Nalco, or to work for any competitor of Nalco, nor
will you otherwise attempt to interfere (to Nalco’s detriment) in the
relationship between Nalco and any such
employees.
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If any
part of this Agreement is deemed by a court or other tribunal to be
unenforceable or unreasonable as to scope, activity, territory, duration, or in
any other respect, then (i) such finding shall not affect any other provisions
of this Agreement, which shall otherwise remain in full force and effect, and
(ii) such court or other tribunal may either (a) modify the scope, activity,
territory, duration or other aspect of it to such extent as the court or
tribunal shall deem necessary to render it reasonable and enforceable, or (b)
enforce it partially, to effect a lesser restriction as the court or tribunal
shall deem reasonable.
5.
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Inventions. You
will communicate and disclose in writing to your manager at Nalco or to
such person as may be designated by Nalco both during your employment and
thereafter, all inventions, discoveries, improvements, machines, devices,
designs, processes, products, software, treatments, formulae, mixtures
and/or compounds whether patentable or not as well as patents and patent
applications (all collectively called "Inventions") made, conceived,
developed or acquired by you or under which you acquired the right to
grant licenses or become licensed, whether alone or jointly with others,
during your employment by Nalco (including Ondeo Nalco
Company). All your right, title and interest in, to and under
such Inventions, including licenses and right to grant licenses shall be
the sole property of Nalco and you hereby assign the same to
Nalco. Any Invention disclosed by you to anyone within one (1)
year after termination of your employment with Nalco, which relates to any
matters pertaining to, applicable to, or useful in connection with, the
business of Nalco shall be deemed to have been made or conceived or
developed by you during your employment by Nalco, unless proved by you to
have been made and conceived and developed after termination of your
employment with Nalco.
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6.
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Assignment
and Maintenance of Inventions. For
all your Inventions, you will, upon request of Nalco, during your
employment and thereafter:
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(a)
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execute
and deliver all documents which Nalco shall deem necessary or appropriate
to assign, transfer and convey to Nalco, all your right, title, interest
in and to your Inventions, and enable Nalco to file and prosecute
applications for Letters Patent of the United States and any foreign
countries on Inventions as to which Nalco wishes to file patent
applications, and
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(b)
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do
all other things (including the giving of evidence in suits and other
proceedings) which Nalco shall deem necessary or appropriate to obtain,
maintain, and assert patents for any and all such inventions and to assert
its rights in any inventions not
patented.
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7.
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Inventions
Developed on Your Time. Your
obligation under Sections 5-6 does not apply to Inventions for which no
equipment, supplies, facility or Confidential Information of Nalco was
used, and which were developed entirely on your own time
unless:
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(a)
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the
inventions relate:
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(i)
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to
the business of Nalco or,
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(ii)
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to
Nalco's actual or demonstrably anticipated research or development;
or,
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(b)
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the
inventions result from any work performed by you for
Nalco.
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8.
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Copyrights. You
hereby assign to Nalco the copyright in all works prepared by you which
are either:
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(a)
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within
the scope of your employment; or,
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(b)
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based
upon information acquired from Nalco not normally made available to the
public; or,
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(c)
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commissioned
by Nalco but not within your scope of
employment.
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You agree
to submit all such works to your Nalco supervisor for approval prior to
publication or oral dissemination. You also agree to do all things
(including the giving of evidence in suits and other proceedings) which Nalco
shall deem necessary or appropriate to obtain, maintain, and enable Nalco to
protect its rights in and to such works.
9.
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Audio
and Video Release. You
hereby release and allow Nalco to use, for any lawful purpose, any voice
reproduction, photograph, or other video likeness of you made in the scope
of your employment.
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10.
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Intellectual
Property Actions and Payments. All
expenses incident to any action required by Nalco to assign Inventions or
copyrights to Nalco or so taken in its behalf pursuant to the terms of
this Agreement shall be borne by Nalco, including a reasonable payment for
your time and expenses involved.
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11.
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Survival
of Obligations. The
covenants, agreements and restrictions undertaken by or imposed on you in
this Agreement, which are stated to exist or continue after termination of
your employment with Nalco shall exist and continue irrespective of the
method or circumstances of such
termination.
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12.
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Award
of Fees Against You. If
Nalco files suit against you to enforce any provision of the Agreement and
a court of competent jurisdiction finds or holds in favor of Nalco on any
matter, you shall reimburse Nalco its court costs, litigation expenses and
reasonable attorneys fees incurred in prosecuting and maintaining such
suit.
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13.
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Notice
of Post-Employment Restrictions. Employment
with Nalco is contingent upon the signing of this Employment
Agreement. You acknowledge you were informed you would be
required to sign this Employment Agreement containing post termination
restrictions, such as the nonsolicitation of customers restriction, before
you were offered or accepted employment by
Nalco.
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14.
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Employment-At-Will. This
Agreement and its terms are applicable from the date your employment with
Nalco began. This Agreement does not create or provide for any period of
employment of you by Nalco. Your employment shall be at-will
and can be terminated with or without cause, and with or without notice,
at any time by you or Nalco.
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15.
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Benefit
Plans. You agree that, (except for benefits in which you
have become vested under the terms of a benefit plan or as required by
law) Nalco, in its sole discretion, may modify or eliminate any or all
employment benefits or benefit plans which now or hereafter may
exist.
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16.
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Affiliates. References
to affiliates mean corporations, domestic or foreign, more than
twenty-five per cent (25%) of whose voting stock is owned directly or
indirectly by Nalco.
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17.
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Assignment
by Nalco. This
Agreement shall inure to the benefit of the successors and assigns of
Nalco. Insofar as the same may be applied thereto the terms and
provisions hereof shall apply to and bind your heirs, legal
representatives and assigns. This Agreement may be assigned by
Nalco without your consent or knowledge. If you are employed by
Nalco affiliate, subsidiary, joint venture, or partnership entity
(collectively hereafter “Successor”), Nalco may assign this Agreement to
the Successor and this Agreement shall be binding on you and Successor as
if they had entered into a separate Employment Agreement when you were
hired by such Successor. The Successor shall succeed to all
rights in this Agreement, including this right of
assignment. You cannot assign your rights in this Employment
Agreement.
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18.
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This
Agreement supersedes any other agreements of employment between you and
Nalco.
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I have
read, and hereby state that I understand, and do voluntarily sign this
Agreement.
Name
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Signature
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Place
of Signature (City and State)
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Date
of Signature
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NALCO
COMPANY
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By
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Title
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Manager of Recruiting
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