Common use of Explanatory Note Clause in Contracts

Explanatory Note. The Employee recognizes that the Employee has had or will have access to confidential proprietary information during the course of his or her employment and that the Employee’s subsequent employment with a Competitor Business, as defined in Section 3, would inevitably result in the disclosure of that information and, thereby, create unfair competition and would likely cause substantial loss and harm to the Company. The Employee further acknowledges that employment with the Company is based on the Employee’s agreement to abide by the covenants contained herein.

Explanatory Note. The Employee recognizes that the Employee has had or and will continue to have access to confidential proprietary information during the course of his or her employment and that the Employee’s subsequent employment with by a Competitor Business, as defined in Section 3, competitor would inevitably result in the disclosure of that information and, thereby, create unfair competition and would likely to cause substantial loss and harm to the Company. The Employee further acknowledges that employment with the Company is based on the Employee’s agreement to abide by the covenants contained herein.