Common use of Non-Competition Covenants Clause in Contracts

Non-Competition Covenants. Employee agrees that while employed hereunder he will not compete with the Company in any manner, and that after termination of his employment hereunder, he will not, directly or indirectly, individually or as a shareholder, director or officer of any corporation, a partner of any partnership, or as an employee, agent, consultant or advisor of any entity, for a period of 12 months in the event his employment is terminated by the Company pursuant to Section 7(e) above, and for a period of 24 months in the event his employment is terminated pursuant to Section 7(c) above, (a) recruit or hire any employee of the Company, or otherwise attempt to solicit or induce any employee to leave the employment of the Company; (b) solicit any client or Prospective Client (as hereinafter defined) of the Company or otherwise interfere with the business relationships between the Company, its clients, suppliers and others with whom the Company conducts its business; (c) individually or through any entity perform any services for any client or Prospective Client of the Company which are competitive in any manner with services which the Company may perform for such clients and Prospective Clients, regardless of whether or not the Company has or is now providing such services; or (d) accept employment by any client or Prospective Client of the Company. For the purposes of this Section 11, the term "Prospective Client" shall mean any person or entity with whom the Company has contacted for services to be rendered by the Company within 180 days of the earlier of the expiration of the Term or the termination of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Alaron Com Holding Corp), Employment Agreement (Alaron Com Holding Corp), Employment Agreement (Alaron Com Holding Corp)

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Non-Competition Covenants. Employee agrees that while employed hereunder he she will not compete with the Company in any manner, and that after termination of his her employment hereunder, he she will not, directly or indirectly, individually or as a shareholder, director or officer of any corporation, a partner of any partnership, or as an employee, agent, consultant or advisor of any entity, for a period of 12 months in the event his her employment is terminated by the Company pursuant to Section 7(e) above, and for a period of 24 months in the event his her employment is terminated pursuant to Section 7(c) above, (a) recruit or hire any employee of the Company, or otherwise attempt to solicit or induce any employee to leave the employment of the Company; (b) solicit any client or Prospective Client (as hereinafter defined) of the Company or otherwise interfere with the business relationships between the Company, its clients, suppliers and others with whom the Company conducts its business; (c) individually or through any entity perform any services for any client or Prospective Client of the Company which are competitive in any manner with services which the Company may perform for such clients and Prospective Clients, regardless of whether or not the Company has or is now providing such services; or (d) accept employment by any client or Prospective Client of the Company. For the purposes of this Section 11, the term "Prospective Client" shall mean any person or entity with whom the Company has contacted for services to be rendered by the Company within 180 days of the earlier of the expiration of the Term or the termination of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Alaron Com Holding Corp)

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