Common use of Noncompetition Nonsolicitation and Nondisparagement Clause in Contracts

Noncompetition Nonsolicitation and Nondisparagement. The Executive acknowledges and agrees with the Company that, during the course of the Executive's employment with the Company, the Executive has had and will continue to have the opportunity to develop relationships with existing employees, customers and other business associates of the Company, which relationships constitute goodwill of the Company, and the Executive acknowledges and agrees that the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. The Executive accordingly covenants and agrees as follows:

Appears in 6 contracts

Samples: Provell Inc, And Noncompete Agreement (Damark International Inc), Severance, Confidentiality and Noncompete Agreement (Damark International Inc)

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Noncompetition Nonsolicitation and Nondisparagement. The Executive acknowledges and agrees with the Company that, during the course of the Executive's employment with the Company, the Executive has had and will continue to have the opportunity to develop relationships with existing employees, customers and other business associates of the Company, which relationships constitute goodwill of the Company, and the Executive acknowledges and agrees that the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. The Executive accordingly covenants and agrees as followsthat upon a Change of Control, termination by the Executive for Good Reason or termination with Cause:

Appears in 1 contract

Samples: Change of Control Agreement (Provell Inc)

Noncompetition Nonsolicitation and Nondisparagement. The Executive acknowledges and agrees with the Company that, that during the course of the Executive's employment with the Company, the Executive has had and will continue to have the opportunity to develop relationships with existing employees, customers and other business associates of the Company, which relationships constitute goodwill of the Company, and the Executive acknowledges and agrees that the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. The Executive accordingly covenants and agrees as follows:

Appears in 1 contract

Samples: Credit Agreement (Damark International Inc)

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Noncompetition Nonsolicitation and Nondisparagement. The Executive acknowledges and agrees with the Company that, during the course of the Executive's employment with the Company, the Executive has had and will continue to have the opportunity to develop relationships with existing employees, customers and other business associates of the Company, which relationships constitute goodwill of the Company, and the Executive acknowledges and agrees that the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. The Executive accordingly covenants and agrees that upon a Change of Control, termination by Executive for Good Reason or termination with Cause as follows:

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Provell Inc)

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