Common use of Noncompetition with the Company Clause in Contracts

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s special experience and talent, the loss of Executive’s services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 7 contracts

Samples: Employment Agreement (Ndchealth Corp), Employment Agreement (American Safety Insurance Holdings LTD), Employment Agreement (Ndchealth Corp)

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Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors customers of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; providedPROVIDED, howeverHOWEVER, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 5 contracts

Samples: Employment Agreement (First Sterling Banks Inc), Employment Agreement (First Sterling Banks Inc), Employment Agreement (First Sterling Banks Inc)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors customers of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s special experience and talent, the loss of Executive’s services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 2 contracts

Samples: Employment Agreement (Main Street Banks Inc /New/), Employment Agreement (Main Street Banks Inc /New/)

Noncompetition with the Company. The parties acknowledge: (A) that the Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that the Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, the Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, the Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to the Executive’s 's special experience and talent, the loss of the Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that the Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to the Executive hereunder, the Executive hereby agrees that, during the Restricted Period, the Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by the Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended1934 Act.

Appears in 2 contracts

Samples: Employment Agreement (Westpoint Stevens Inc), Employment Agreement (Westpoint Stevens Inc)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 2 contracts

Samples: Employment Agreement (American Safety Insurance Holdings LTD), Employment Agreement (American Safety Insurance Holdings LTD)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, death or Disability or by Executive for Good Reason or (ii) a period of eight (8) weeks in the event that Executive's employment is terminated by the Company for Cause or by Executive without Good Reason; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, death or Disability or by Executive for Good Reason or (ii) a period of eight (8) weeks in the event that Executive's employment is terminated by the Company for Cause or by Executive without Good Reason, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear Co Inc)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors customers of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Main Street Banks Inc /New/)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he she will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him her in such position and giving him her access to such information in reliance upon his her agreement not to compete with the Company during the Restricted Period; (C) that due to his her management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s special experience and talent, the loss of Executive’s services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Ndchealth Corp)

Noncompetition with the Company. The parties ------------------------------- acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility responsibility, and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended, even if such ownership would otherwise violate the terms of this subparagraph (iv).

Appears in 1 contract

Samples: Employment Agreement (National Data Corp)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, death or Disability or by Executive for Good Reason or (ii) a period of seven (7) weeks in the event that Executive's employment is terminated by the Company for Cause or by Executive without Good Reason; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, death or Disability or by Executive for Good Reason or (ii) a period of seven (7) weeks in the event that Executive's employment is terminated by the Company for Cause or by Executive without Good Reason, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear Co Inc)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he she will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him her in such position and giving him her access to such information in reliance upon his her agreement not to compete with the Company during the Restricted Period; (C) that due to his her management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Period, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear Co Inc)

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Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, or Disability or by Executive for Good Reason; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, death or Disability or by Executive for Good Reason, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear Co Inc)

Noncompetition with the Company. The parties acknowledge: (Ai) that Executive’s the Employee's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive the Employee will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (Bii) that pursuant to this Agreement, Executive the Employee will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (Ciii) that due to his management duties, Executive the Employee will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (Div) that due to Executive’s the Employee's special experience and talent, the loss of Executive’s the Employee's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (Ev) that Executive the Employee is capable of competing with the Company; and (Fvi) that Executive the Employee is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive the Employee hereunder, Executive the Employee hereby agrees that, during the Restricted Period, Executive the Employee will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive the Employee of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear International Corp)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, death or Disability or by Executive for Good Reason or (ii) a period of ten (10) weeks in the event that Executive's employment is terminated by the Company for Cause or by Executive without Good Reason; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during (i) the Restricted Periodperiod of time that Executive receives compensation from the Company in the event Executive's employment is terminated by the Company other than for Cause, death or Disability or by Executive for Good Reason or (ii) a period of ten (10) weeks in the event that Executive's employment is terminated by the Company for Cause or by Executive without Good Reason, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear Co Inc)

Noncompetition with the Company. The parties acknowledge: (Ai) ------------------------------------ that Executive’s the Employee's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive the Employee will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (Bii) that pursuant to this Agreement, Executive the Employee will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Period; (Ciii) that due to his management duties, Executive the Employee will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (Div) that due to Executive’s the Employee's special experience and talent, the loss of Executive’s the Employee's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (Ev) that Executive the Employee is capable of competing with the Company; and (Fvi) that Executive the Employee is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive the Employee hereunder, Executive the Employee hereby agrees that, during the Restricted Period, Executive the Employee will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive the Employee of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear International Corp)

Noncompetition with the Company. The parties acknowledge: (A) that ExecutiveEmployee’s services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive Employee will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive Employee will be placed in a position of trust and responsibility and he she will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him her in such position and giving him her access to such information in reliance upon his her agreement not to compete with the Company during the Restricted Period; (C) that due to his her management duties, Executive Employee will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to ExecutiveEmployee’s special experience and talent, the loss of ExecutiveEmployee’s services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive Employee is capable of competing with the Company; and (F) that Executive Employee is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive Employee hereunder, Executive Employee hereby agrees that, during the Restricted Period, Executive Employee will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive Employee of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Employment Agreement (Global Payments Inc)

Noncompetition with the Company. The parties acknowledge: (A) that Executive’s 's services under this Agreement require special expertise and talent in the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement not to compete with the Company during the Restricted Periodperiod of time as Executive receives compensation from the Company in the event (and only in the event) Executive's employment is terminated by the Company other than for Cause, death or Disability or by the Executive for Good Reason; (C) that due to his management duties, Executive will be the repository of a substantial portion of the goodwill of the Company and would have an unfair advantage in competing with the Company; (D) that due to Executive’s 's special experience and talent, the loss of Executive’s 's services to the Company under this Agreement cannot reasonably or adequately be compensated solely by damages in an action at law; (E) that Executive is capable of competing with the Company; and (F) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this Agreement. In consideration of the compensation and benefits being paid and to be paid by the Company to Executive hereunder, Executive hereby agrees that, during the Restricted Periodperiod of time as Executive receives compensation from the Company in the event (and only in the event) Executive's employment is terminated by the Company other than for Cause, death or Disability or by the Executive for Good Reason, Executive will not, without prior written consent of the Company, directly or indirectly seek or obtain a Competitive Position in the Restricted Territory with a Competitor; provided, however, that the provisions of this Agreement will shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended. Nothing contained in this paragraph (iii) shall prohibit Executive from working in a firm of certified public accountants whose clients include one or more Competitors.

Appears in 1 contract

Samples: Employment Agreement (Tropical Sportswear Co Inc)

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