AGREEMENT RESPECTING NONCOMPETITION AND NONSOLICITATION
Exhibit 10.52
AGREEMENT RESPECTING
NONCOMPETITION AND NONSOLICITATION
NONCOMPETITION AND NONSOLICITATION
This AGREEMENT RESPECTING NONCOMPETITION AND NONSOLICITATION (this “Agreement”) is entered
into this 5th day of May 2008, by and between Xxxx Xxxxxx (“Xxxxxx”) and NeuStar, Inc.
(together with its affiliates and successors, “NeuStar”) (hereinafter collectively referred to as
“the Parties”).
WHEREAS, Xxxxxx has been employed by NeuStar since November 1999 and has entered into a Status
Change Agreement, dated May 5, 2008, whereby he will become a consultant of NeuStar on May 7, 2008
(the “Status Change Date”);
NOW, THEREFORE, in consideration of the compensation and benefits to be provided to Xxxxxx by
NeuStar as an employee through the Status Change Date and as a consultant on and after the Status
Change Date, and the mutual covenants described below, the Parties agree as follows:
1. Noncompetition. Xxxxxx acknowledges that his employment with NeuStar has created a
relationship of confidence and trust between Xxxxxx and NeuStar. During the term of Xxxxxx’x
employment, Xxxxxx has obtained Confidential Information (within the meaning of Paragraph 3) with
regard to NeuStar, its officers, directors and employees and/or its clients, customers and vendors
and has obtained contacts, training and experience. Xxxxxx acknowledges and agrees that there is a
substantial probability that such Confidential Information, contacts, training and experience could
be used to the substantial advantage of a competitor of NeuStar and/or to NeuStar’s substantial
detriment. Therefore, in consideration for Xxxxxx’x continued employment through the Status Change
Date and his retention as a consultant on and after the Status Change Date, Xxxxxx agrees that
during his employment and consultancy with NeuStar and prior to the date which is the later of
(a) 18 months after the Status Change Date or (b) 12 months after the termination of Xxxxxx’x
consultancy with NeuStar, with respect to any state or country in which NeuStar engaged in business
during Xxxxxx’x employment or consultancy term, Xxxxxx shall not participate or engage, directly or
indirectly, for himself or on behalf of or in conjunction with any person, partnership,
corporation, or other entity, whether as an employee, agent, officer, director, shareholder,
partner, joint venturer, investor or otherwise, in any business competitive with a business
undertaken by NeuStar or by Xxxxxx in relation to his work for NeuStar at any time during Xxxxxx’x
employment or consultancy term. For purposes of this paragraph, such business shall include but
not be limited to the activities of numbering, number management, internet domains, web performance
and network monitoring, communication registries, and infrastructure services relating to mobile
data and messaging.
Nowithstanding the foregoing, nothing herein shall prohibit Xxxxxx from being employed by, or
holding a passive or indirect equity ownership in, any person or entity that has operations that
compete with NeuStar so long as Xxxxxx does not personally participate in the management of, or
provide strategic advice to, the operations of such person or entity that compete with NeuStar.
2. Nonsolicitation. Xxxxxx agrees that during his employment and consultancy with
NeuStar and for 18 months thereafter, Xxxxxx shall not engage in Solicitation, whether for Xxxxxx’x
own account or for the account of any other individual, partnership, firm, corporation or
other business organization (other than NeuStar). “Solicitation” means any of the following,
or an attempt to do any of the following: (i) recruiting, soliciting or inducing any non-clerical
employee or consultant of NeuStar (including, but not limited to, any independent sales
representative or organization) to terminate his or her employment with, or otherwise cease or
reduce his or her relationship with, NeuStar; (ii) hiring or assisting another person or entity to
hire any non-clerical employee or consultant of NeuStar or any person who within 12 months before
was such a person; or (iii) soliciting or inducing any person or entity (including any person who
within the preceding 12 months was a customer or client of NeuStar) to terminate, suspend, reduce,
or diminish in any way its relationship with or prospective relationship with NeuStar. The
placement of general classified or “help wanted” advertisements and/or general solicitations to the
public at large, and the hiring of any person who responds to such advertisements or solications,
shall not constitute a violation of this Paragraph 2 unless Xxxxxx’x name is contained in such
advertisements or solicitations.
3. Nondisparagement. Each Party agrees not to issue or communicate, directly or
indirectly, any public statement (or statement likely to become public) that disparages,
denigrates, maligns or impugns the other Party or its officers, directors, employees, products or
services, except truthful responses to legal process or governmental inquiry or by Xxxxxx in
carrying out his duties for NeuStar.
4. Consideration. Xxxxxx acknowledges and agrees that the covenants provided for in
this Agreement, including the term of the restricted period, the range of activities and the
geographic area encompassed in such covenants, are reasonable and necessary in order to protect
NeuStar in the conduct of its business and the utilization of its assets. Xxxxxx agrees that the
prohibitions and restrictions in this Agreement will not prevent Xxxxxx from earning a livelihood
after the termination of his employment and consultancy. Xxxxxx further agrees that his continued
employment and consultancy, and the compensation and benefits to be provided by NeuStar in
connection with such employment and consultancy, are in consideration of his entering into this
Agreement.
5. Interpretation. If any restriction with regard to this Agreement is found by a
court of competent jurisdiction to be invalid or unenforceable because it extends for too long a
period of time or over too great a range of activities or in too broad a geographic area, it shall
be deemed amended to extend over the maximum period of time, range of activities and/or geographic
area to which it may be enforceable.
6. Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement.
7. Waiver of Rights. No delay or omission by NeuStar in exercising any right under
this Agreement will operate as a waiver of that or any other right. A waiver or consent given by
NeuStar on any one occasion is effective only in that instance and will not be construed as a bar
to, or waiver of, any right on any other occasion.
8. Equitable Remedies. The restrictions contained in this Agreement are necessary for
the protection of the business and goodwill of NeuStar and are considered by Xxxxxx to be
reasonable for such purpose. Xxxxxx agrees that any breach or threatened breach of this
Agreement is likely to cause NeuStar substantial and irreparable damage and therefore, in the
event of any such breach or threatened breach, Xxxxxx agrees that NeuStar, in addition to such
other remedies which may be available, shall be entitled to specific performance and other
injunctive relief. In addition, Xxxxxx acknowledges that NeuStar may, in its sole discretion, upon
or after termination of Xxxxxx’x employment or consultancy with NeuStar, notify any future employer
of Xxxxxx or other person or entity with which Xxxxxx has dealings of his obligations under this
Agreement.
9. Stay of Time. In the event that Xxxxxx violates Paragraph 1 or 2 of this
Agreement, the running of the time period of such provision so violated shall be automatically
suspended on the date of such violation and shall resume on the date such violation permanently
ceases.
10. Assignability. NeuStar may assign this Agreement to any of its affiliates.
11. Amendment. This Agreement may not be amended, modified, altered or supplemented
other than by means of a written instrument duly executed by and delivered on behalf of Xxxxxx and
NeuStar.
12. Governing Law. The parties agree that this Agreement, and all rights and
obligations hereunder, shall be deemed to have been made in the Commonwealth of Virginia, shall
take effect as an instrument under seal within Virginia, and shall be governed by and construed in
accordance with Virginia law, without giving effect to conflict of law principles. Any action,
demand, claim or counterclaim relating to the terms and provisions of this Agreement, or to its
formation or breach, shall be commenced in Virginia in state or federal court, and venue for such
actions shall lie exclusively in Virginia. Xxxxxx and NeuStar consent to the jurisdiction of such
a court.
13. Signature in Counterparts. This Agreement may be signed in counterparts.
14. XXXXXX ACKNOWLEDGES THAT HE HAS CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND AGREES
TO ALL OF THE PROVISIONS IN THIS AGREEMENT.
IN WITNESS WHEREOF, the Parties to this Agreement Respecting Noncompetition and
Nonsolicitation have executed this instrument on the date(s) set forth below.
| XXXX XXXXXX | ||||||||||
| /s/ Xxxx Xxxxxx | Date: | May 6, 2008 | ||||||||
| NEUSTAR, INC. | ||||||||||
| By: | /s/ Xxxxxxx X. Xxxxx | Date: | 5/5/08 | |||||||
| Name: Xxxxxxx X. Xxxxx | ||||||||||
| Title: Senior Vice President and Chief Financial Officer | ||||||||||
