Common use of Noncompetition Agreement Clause in Contracts

Noncompetition Agreement. Officer acknowledges that the Company has trade secrets and confidential information, that as President and Chief Executive Officer he will have access to all such trade secrets and confidential information and that in performing duties in an executive position for another company he might necessarily use and divulge such trade secrets and confidential information. Therefore, in consideration for the severance benefits set forth above, the Officer agrees that for a period of 12 months subsequent to the Termination Date, the Officer will not, directly or indirectly:

Appears in 4 contracts

Samples: Change of Control Agreement (Coyote Sports Inc), Employment Agreement (Staodyn Inc), Control Agreement (Staodyn Inc)

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Noncompetition Agreement. Officer acknowledges that the Company has trade secrets and confidential information, that as President and Chief Executive an Officer he will have access to all such trade secrets and confidential information and that in performing duties in an executive position for another company he might necessarily use and divulge such trade secrets and confidential information. Therefore, in consideration for the severance benefits set forth above, the Officer agrees that for a period of 12 months subsequent to the Termination Date, the Officer will not, directly or indirectly:

Appears in 2 contracts

Samples: Change of Control Agreement (Staodyn Inc), Change of Control Agreement (Staodyn Inc)

Noncompetition Agreement. Officer acknowledges that the Company has trade secrets and confidential information, that as President and Chief Executive Officer he will have access to all such trade secrets and confidential information and that in performing duties in an executive position for another company he might necessarily use and divulge such trade secrets and confidential information. Therefore, in consideration for the severance benefits set forth above, the Officer agrees that for a period of 12 six months subsequent to the Termination Date, the Officer will not, directly or indirectly:

Appears in 1 contract

Samples: Employment Agreement (Staodyn Inc)

Noncompetition Agreement. Officer acknowledges that the Company has trade secrets and confidential information, that as Vice President and Chief Executive Officer he will have access to all such trade secrets and confidential information and that in performing duties in an executive position for another company he might necessarily use and divulge such trade secrets and confidential information. Therefore, in consideration for the severance benefits set forth above, the Officer agrees that for a period of 12 24 months subsequent to the Termination Date, the Officer will not, directly or indirectly:

Appears in 1 contract

Samples: Change of Control Agreement (Coyote Sports Inc)

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Noncompetition Agreement. Officer acknowledges that the Company has trade secrets and confidential information, that as President and Chief Executive Financial Officer he will have access to all such trade secrets and confidential information and that in performing duties in an executive position for another company he might necessarily use and divulge such trade secrets and confidential information. Therefore, in consideration for the severance benefits set forth above, the Officer agrees that for a period of 12 24 months subsequent to the Termination Date, the Officer will not, directly or indirectly:

Appears in 1 contract

Samples: Change of Control Agreement (Coyote Sports Inc)

Noncompetition Agreement. Officer acknowledges that the Company has trade secrets and confidential information, that as President and Chief Executive Operating Officer he will have access to all such trade secrets and confidential information and that in performing duties in an executive position for another company he might necessarily use and divulge such trade secrets and confidential information. Therefore, in consideration for the severance benefits set forth above, the Officer agrees that for a period of 12 months subsequent to the Termination Date, the Officer will not, directly or indirectly:

Appears in 1 contract

Samples: Change of Control Agreement (Coyote Sports Inc)

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