Non Competition and Confidential Information. (A) NON-COMPETITION IF PAID COMPENSATION UPON TERMINATION. In the event Employee is paid compensation upon termination in accordance with Paragraph 4(d) above, Employee agrees as follows: During the term of the Employee's employment Employer and for the period ending twelve (12) months after the termination of Employee's employment with Employer, regardless of the reason therefore, Employee shall not (whether directly or indirectly) canvas, solicit, employ or retain any client, customer or employee of the Employer regardless of location. As used herein, customer of Employer shall mean any person, firm or entity that purchased goods or services from Employer during the period of the Employee's employment with Employer. However, it is agreed that upon termination of Employee's employment with Employer, regardless of the reason therefore, Employee may become employed with, or may otherwise be retained by, any client or customer of Employer in a capacity which does not compete with Employer.
Non Competition and Confidential Information. (a) During the term of this Agreement, and for one (1) year after the date the Executive is terminated by the Bank or Bancshares, whether voluntarily or involuntarily, with or without cause, the Executive shall not compete directly or indirectly in the Florida counties of St. Lucie, Martin, Indian River, Brevard, Volusia or Okeechobee (collectively, the "Counties") with any business then being conducted by the Bank or Bancshares without their prior written consent. The term "
Non Competition and Confidential Information. In consideration hereof, Optionee' agrees that during the term of this Agreement and for a period of one (1) year thereafter, Optionee (i) will not compete with any business of the Company or any of its subsidiaries or affiliates, and (ii) will not disclose to persons outside the Company confidential information concerning the Company or any of its subsidiaries or affiliates without the Company's express written consent.
Non Competition and Confidential Information. Notwithstanding any provision of this Agreement to the contrary, all proceeds realized, or that could be realized on sale of the Shares by the Participant as a result of this Award, shall be payable to the Company by the Participant if, during the period beginning on the date hereof and ending eighteen months following the date the Participant's employment with the Company and its subsidiaries terminates, the Participant: (1) discloses Confidential Information, as defined below, to any person not employed by the Company or not engaged to render services to the Company; or (2) Engages in Competition, as defined below.
Non Competition and Confidential Information. You agree, acknowledge and affirm that Sections 5 (other than Section 8(i)) through 11 of the Employment Agreement remain in full force and effect and are not superceded, merged or otherwise affected by this letter agreement and that you will continue to be bound by the terms and conditions of Sections 5 (other than Section 8(i)) through 11 of the Employment Agreement. You further agree that the covenants, prohibitions and restrictions contained in this letter agreement are in addition to, and not in lieu of, any rights or remedies that the Company may have available pursuant to the Employment Agreement or the laws of any jurisdiction, or the common law or equity, and the enforcement or non-enforcement by the Company of its rights and remedies pursuant to this letter agreement shall not be construed as a waiver of any other rights or remedies that it may possess. Any breach by you of this paragraph 7 or of Sections 5 (other than Section 8(i)) through 11 of the Employment Agreement, shall be grounds for termination of any payments to be made or benefits to be delivered that you would not have been entitled to receive absent this letter agreement. Additionally, in the event of any such breach, you agree to repay the Company any benefits that you previously received that you would not have been entitled to receive absent this letter agreement.
Non Competition and Confidential Information. 1.1 Executive understands and agrees that the Company has in the past and will in the future, continue to expend large sums of money, and apply its unique and special “know-how”, and has in the past and will continue in the future, to devote a great effort in building an effective organization by utilization of unique and effective management, sales, service, marketing, finance, and other corporate techniques. Executive further understands and agrees that the Company has gained a unique reputation for its ability to solicit, market, sell, and service high visibility Internet and Web-commerce accounts and that this reputation is a major factor in bringing about the sales of the same and accounts for the continued success of the Company in the complex and evolving Business in which the is Company engaged.
Non Competition and Confidential Information. Each of the parties, except for the Company, covenants and undertakes that for as long as it maintains any shares in the Company (and in the case of Xxxxxxxxx, it or LR), and for two (2) years thereafter (hereafter “the Restricted Period”), except as otherwise agreed in writing with the Company:
Non Competition and Confidential Information. Employee acknowledges that his position with the Company is special, unique and intellectual in character and his position in the Employer will place him in a position of confidence and trust with employees and clients of the Employer.
Non Competition and Confidential Information. (i) During the term of this Agreement, Employee shall not directly or indirectly, either as an employee, employer, consultant, agent, principal, owner, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage or participate in any business that is in competition in any manner whatsoever with the business of the Company or the Company’s affiliates. In this regard, Employee acknowledges that, as President and Chief Executive Officer and as an officer of the Company, he serves in a position of trust to the Company and its affiliates and that he owes a fiduciary duty of loyalty to the Company, its shareholders and its affiliates. As a result, Employee agrees that, during the term of his employment with the Company or with any of its affiliates and for a three-year period thereafter, he will be bound by the Restrictive Covenants set out in Section 17 of the Shareholder Buy-Sell Agreement made as of July 1, 2010 between Employee and the Company.
Non Competition and Confidential Information. 7.1 Executive will not at any time, whether during or after the Term of Employment, reveal to any person or entity any of the Confidential Information of Company, which includes the information of its Affiliates, or of any third party which the Company, or its Affiliates is under an obligation to keep confidential. The term "
