Common use of Non Competition and Confidentiality Clause in Contracts

Non Competition and Confidentiality. (a) Executive agrees that, as a condition of receiving benefits under this Agreement, he/she will not render services directly or indirectly to any competing organization located in any market in which MTS is doing business as of Executive's Date of Termination for the period of time during which Executive is receiving benefits under this Agreement or the Change in Control Agreement, in connection with the design, implementation, development, manufacture, marketing, sale, merchandising, leasing, servicing or promotion of any "Conflicting Product" which as used herein means any product, process, system or service of any person, firm, corporation, organization other than MTS, in existence or under development, which is the same as or similar to or competes with, or has a usage allied to, a product, process, system, or service produced, developed, or used by MTS.

Appears in 8 contracts

Samples: Severance Agreement (MTS Systems Corp), Severance Agreement (MTS Systems Corp), Severance Agreement (MTS Systems Corp)

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Non Competition and Confidentiality. (a) Executive agrees that, as a condition of receiving benefits under this Agreement, he/she he will not render services directly or indirectly to any competing organization located in any market in which MTS is doing business as of Executive's Date of Termination for the period of time during which Executive is receiving benefits under this Agreement or the Change in Control Agreement, in connection with the design, implementation, development, manufacture, marketing, sale, merchandising, leasing, servicing or promotion of any "Conflicting Product" which as used herein means any product, process, system or service of any person, firm, corporation, organization other than MTS, in existence or under development, which is the same as or similar to or competes with, or has a usage allied to, a product, process, system, or service produced, developed, or used by MTS.

Appears in 3 contracts

Samples: Severance Agreement (MTS Systems Corp), Severance Agreement (MTS Systems Corp), Severance Agreement (MTS Systems Corp)

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