Common use of Non-Compete and Non-Solicitation Clause in Contracts

Non-Compete and Non-Solicitation. (a) The Executive acknowledges and agrees with the Company that during the course of the Executive's involvement and/or employment with, or ownership of options and/or Common Stock in, the Company, such Executive has had and will continue to have the opportunity to develop relationships with existing employees, vendors, suppliers, customers and other business associates of the Company which relationships constitute goodwill of the Company, and the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. Accordingly, the Executive agrees as follows:

Appears in 5 contracts

Samples: Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc)

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Non-Compete and Non-Solicitation. (a) The Executive acknowledges and agrees with the Company that during the course of the Executive's involvement and/or employment with, or ownership of options and/or Common Stock in, with the Company, such Executive has had and will continue to have the opportunity to develop relationships with existing employees, vendors, suppliers, customers and other business associates of the Company which relationships constitute goodwill of the Company, and the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. Accordingly, the Executive agrees as follows:

Appears in 4 contracts

Samples: Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc)

Non-Compete and Non-Solicitation. (ai) The Executive acknowledges and agrees with the Company that during the course of the Executive's ’s involvement and/or employment with, or ownership of options and/or Common Stock in, with the Company, such Executive has had and will continue to have the opportunity to develop relationships with existing employees, vendors, suppliers, customers and other business associates of the Company which relationships constitute goodwill of the Company, and the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. Accordingly, the Executive agrees as follows:

Appears in 3 contracts

Samples: Executive Severance Benefits Agreement (Guitar Center Holdings, Inc.), Executive Severance Benefits Agreement (Music123, Inc.), Executive Severance Benefits Agreement (Music123, Inc.)

Non-Compete and Non-Solicitation. (a) The Executive acknowledges and agrees with the Company that during the course of the Executive's ’s involvement and/or employment with, or ownership of options and/or Common Stock in, with the Company, such Executive has had and will continue to have the opportunity to develop relationships with existing employees, vendors, suppliers, customers and other business associates of the Company which relationships constitute goodwill of the Company, and the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. Accordingly, the Executive agrees as follows:

Appears in 2 contracts

Samples: Employment Agreement (Music123, Inc.), Employment Agreement (Guitar Center Inc)

Non-Compete and Non-Solicitation. (a) The Executive acknowledges and agrees with the Company that during the course of the Executive's ’s involvement and/or employment with, or ownership of options and/or Common Stock in, with the Company, such the Executive has had and will continue to have the opportunity to develop relationships with existing employees, vendors, suppliers, customers and other business associates of the Company which relationships constitute goodwill of the Company, and the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. Accordingly, the Executive agrees as follows:

Appears in 1 contract

Samples: Non Executive Chairman Agreement (Music123, Inc.)

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Non-Compete and Non-Solicitation. (a) The Executive acknowledges and agrees with the Company that during the course of the Executive's involvement and/or employment with, or ownership of options and/or Common Stock common stock in, the Company, or Parent, as the case may be, such Executive has had and will continue to have the opportunity to develop relationships with existing employees, vendors, suppliers, customers and other business associates of the Company and its Affiliates which relationships constitute goodwill of the Company, and the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. Accordingly, the Executive agrees as follows:

Appears in 1 contract

Samples: Employment Agreement (Guitar Center Inc)

Non-Compete and Non-Solicitation. (aA) The Executive acknowledges and agrees with the Company that during the course of the Executive's ’s involvement and/or employment with, or ownership of options and/or Common Stock in, with the Company, such Executive has had and will continue to have the opportunity to develop relationships with existing employees, vendors, suppliers, customers and other business associates of the Company which relationships constitute goodwill of the Company, and the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. Accordingly, the Executive agrees as follows:

Appears in 1 contract

Samples: Employment Agreement (Guitar Center Inc)

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