Common use of Not to Compete Clause in Contracts

Not to Compete. Employee will not, directly or indirectly, for a period of up to six months following the termination of Employee's employment ("the restrictive period"); engage in competition with Employer, successors or assigns in the Territory to in or with respect to Employer's "customers" or provide information, solicit or sell for, own, or organize any interest in, either directly or indirectly or through any affiliate or subsidiary corporation, partnership or other entity, or become engaged by, act as agent for or in any manner assist, any person, corporation or other entity that is directly or indirectly in competition with Employer, its successors or assigns in the Territory or with respect to Employer's "customers" as defined on this paragraph. Employee does further agree that within the restrictive period, Employee will not in any way divert or attempt to divert from Employer any business whatsoever and Employee does further agree that during said restrictive period he will not influence or attempt to influence any of the customers of Employer not to do business with Employer, and Employee does further agree that he will not make or permit the making of any public announcement or statement of any kind that Employee was formerly employed or connected with Employer, which announcement has as its purpose directly or indirectly the intent to violate the provision of this Agreement. The term "customer" as used herein, shall mean any person or entity to which the Employer provides or has provided within a period of one year prior to Employee's termination, materials, or services for the furtherance of such entity or person's business or any person or entity that within said period of one year Employee pursued or communicated with for the purposes of obtaining business for Employer.

Appears in 3 contracts

Samples: Transformation Processing Inc, Transformation Processing Inc, Transformation Processing Inc

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Not to Compete. Employee will not, directly or indirectly, for a period of up to six months following the termination of Employee's employment ("the restrictive period"); engage in competition with Employer, successors or assigns in the Territory to in or with respect to Employer's "customers" or provide information, solicit or sell for, own, or organize any interest in, either directly or indirectly or through any affiliate or subsidiary corporation, partnership or other entity, or become engaged by, act as agent for or in any manner assist, any person, corporation or other entity that is directly or indirectly in competition with Employer, its successors or assigns in the Territory or with respect to Employer's "customers" as defined on in this paragraph. Employee does further agree that within the restrictive period, Employee will not in any way divert or attempt to divert from Employer any business whatsoever and Employee does further agree that during said restrictive period he will not influence or attempt to influence any of the customers of Employer not to do business with Employer, and Employee does further agree that he will not make or permit the making of any public announcement or statement of any kind that Employee was formerly employed or connected with Employer, which announcement has as its purpose directly or indirectly the intent to violate the provision of this Agreement. The term "customer" as used herein, shall mean any person or entity to which the Employer provides or has provided within a period of one year prior to Employee's termination, materials, or services for the furtherance of such entity or person's business or any person or entity that within said period of one year Employee pursued or communicated with for the purposes of obtaining business for Employer.

Appears in 1 contract

Samples: Transformation Processing Inc

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