Common use of Covenants Against Competition Clause in Contracts

Covenants Against Competition. The Employee acknowledges that the services he is to render are of a special and unusual character with a unique value to the Company, the loss of which cannot adequately be compensated by damages in an action at law. In view of the unique value to the Company of the services of Employee because of the confidential information to be obtained by or disclosed to Employee, as hereinabove set forth, and as a material inducement to the Company to enter into this Agreement and to pay to Employee the compensation stated in Section 4, Employee covenants and agrees that during Employee's employment and for a period of two (2) years after he ceases to be employed by the Company for any reason, he will not, except as otherwise authorized by this Agreement, compete with the Company or any affiliate of the Company, solicit the Company's customers or the customers of an affiliate, or directly or indirectly solicit for employment any of the Company's employees. For purposes of this Section 9:

Covenants Against Competition. The Employee acknowledges that the services he is to render are of a special and unusual character with a unique value to the CompanyCorporation, the loss of which cannot adequately be compensated by damages in an action at law. In view of the unique value to the Company Corporation of the services of Employee because of the confidential information to be obtained by or disclosed to Employee, as hereinabove set forth, and as a material inducement to the Company Corporation to enter into this Agreement and to pay to Employee the compensation stated in Section paragraph 4, Employee covenants and agrees that during Employee's ’s employment and for a period of two (2) years twelve months after he ceases to be employed by the Company Corporation for any reason, he will not, except as otherwise authorized by this Agreement, compete with the Company Corporation or any affiliate of the CompanyCorporation, solicit the Company's Corporation’s customers or the customers of an affiliate, affiliate or directly or indirectly solicit for employment any of the Company's Corporation’s employees. For purposes of this Section 9paragraph:

Covenants Against Competition. The Employee acknowledges that the services he is to render are of a special and unusual character with a unique value to the Company, the loss of which cannot adequately be compensated by damages in an action at law. In view of the unique value to the Company of the services of Employee such services, because of the confidential information to be obtained by or disclosed to Employee, Employee as hereinabove set forth, and as a material inducement to the Company to enter into this Agreement and to pay to Employee the compensation stated in Section 4, Employee covenants and agrees that during Employee's employment and for a period of two one (21) years year after he ceases to be employed by the Company for any reason, he will not, except as otherwise authorized by this Agreement, compete with the Company or any affiliate of the Company, solicit the Company's customers or the customers of an affiliate, or directly or indirectly solicit for employment any of the Company's employees. For purposes of this Section 9: