ConfidentialityNonSolicitationandNonCompetitionAgreement保密及不竞争条约doc.docx
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ConfidentialityNonSolicitationandNonCompetitionAgreement保密及不竞争条约doc
Confidentiality,Non-SolicitationandNon-CompetitionAgreement保密及不竞争协议-
CONFIDENTIALITY,NON-SOLICITATIONANDNON-COMPETITIONAGREEMENT,effectiveasofthedateprovidedbelow,byandbetween,AAA,INC.(theCompany)and_________(Executive).
TheCompanyhasenteredintoamergeragreementpursuanttowhichtheCompanywillbecomeasubsidiaryofaindirectwholly-ownedsubsidiaryofTycoInternationalLtd.(theMergerAgreement).TheCompanywishestoprotecttheconfidentialinformationoftheCompanyandtoprotectagainsttheExecutiveusinghisskills,knowledge,experience,ideasandinfluenceforthebenefitofacompetitoroftheCompany.ExecutiveiswillingtoenterintoanagreementtoprovidesuchprotectiontotheCompanyuponthetermsandconditionssetforthinthisAgreement.Inconsiderationoftheforegoingandthemutualagreementshereincontained,the,partiesagreeasfollows.
1.CONFIDENTIALITY,NON-COMPETITION.
(a)Executiveacknowledgesthat:
thebusinessofdesigning,manufacturingandsupplyingpre-wiredarmoredcablesasconductedbytheCompanyanditssubsidiaries(theBusiness)isintenselycompetitiveandExecutive’sformerandcurrentpositionwiththeCompanyhasexposed,andwillcontinuetoexpose,ExecutivetoknowledgeofconfidentialinformationoftheCompany;thedirectandindirectdisclosureofanysuchconfidentialinformationtoexistingorpotentialcompetitorsoftheCompanywouldplacetheCompanyatacompetitivedisadvantageandwoulddodamage,monetaryorotherwise,totheCompany’sBusiness;andtheengagingbyExecutiveinanyoftheactivitiesprohibitedbythisAgreementmayconstituteimproperappropriationand/oruseofsuchinformationandtradesecrets.ExecutiveexpresslyacknowledgesthetradesecretstatusoftheconfidentialinformationandthattheconfidentialinformationconstitutesaprotectablebusinessinterestoftheCompany.
(b)ForpurposesofthisAgreement,theCompanyshallbeconstruedtoincludetheCompanyanditscurrentandfuturesubsidiariesandaffiliatesengagedintheBusiness.
(c)FromandaftertheEffectiveTime(asdefinedintheMergerAgreement)(theEffectiveTime),Executiveshallnot,directlyorindirectly,whetherindividually,asadirector,stockholder,owner,partner,employee,principaloragentofanybusiness,orinanyothercapacity,makeknown,disclose,furnish,makeavailableorutilizeanyoftheconfidentialinformationoftheCompanyotherthanintheproperperformanceofthedutiescontemplatedherein,orasrequiredbyacourtofcompetentjurisdictionorotheradministrativeorlegislativebody;PROVIDEDTHAT,priortodisclosinganyoftheconfidentialinformationtoacourtorotheradministrativeorlegislativebody,ExecutiveshallpromptlynotifytheCompanysothatitmayseekaprotectiveorderorotherappropriateremedy.Executiveagreestoreturnallconfidentialinformation,includingallphotocopies,extractsandsummariesthereof,andanysuchinformationstoredelectronicallyontapes,computerdisksorinanyothermannertotheCompanyatanytimeuponrequestbytheCompanyandupontheterminationofhisengagementforanyreason.
(d)FromtheEffectiveTimeuntilthefifthanniversaryoftheEffectiveTime(theNon-CompetitionPeriod),ExecutiveshallnotengageinCompetition(asdefinedbelow)withtheCompany.ForpurposesofthisAgreement,CompetitionbyExecutiveshallmeanExecutive’sengagingin,orotherwisedirectlyorindirectlybeingemployedbyoractingasaconsultantorlenderto,orbeingadirector,officer,employee,principal,licensor,trustee,broker,agent,stockholder,member,owner,jointventurerorpartnerof,orpermittinghisnametobeusedinconnectionwiththeactivitiesofanyotherbusinessororganizationwhichisengagedinthesamebusinessastheBusinessoftheCompanyasthesameshallbeconstitutedatanytimeduringorfollowinghisengagement;PROVIDEDTHAT,itshallnotbeaviolationofthisAgreementforExecutiveto(i)becometheregisteredorbeneficialowneroflessthanfivepercent(5%)ofanyclassofthecapitalstockofacompetingcorporationregisteredundertheSecuritiesExchangeActof1934,asamendedor(ii)beemployedbyanentitythatengagesinthesamebusinessastheBusinessoftheCompany,solongasExecutivedoesnotdirectlyperformservicesfororworkwithinadivisionorbusinessunitofsuchentitythatengagesinsuchbusiness.
(e)Withoutlimitingthegeneralityoftheforegoing,duringtheNon-CompetitionPeriod,Executiveagreesthathewillnot,directlyorindirectly,forhisbenefitorforthebenefitofanyotherperson,firmorentity,doanyofthefollowing:
(i)solicitfromanycustomerdoingbusinesswiththeCompanybusinessofthesameorofasimilarnaturetotheBusinessconductedbetweentheCompanyandsuchcustomer;
(ii)solicittheemploymentorservicesofanypersonwhoatthetimeisemployedbyoraconsultanttotheCompany;or
(iii)makeanystatementsorcommentsofadefamatoryordisparagingnaturetothirdpartiesregardingtheCompanyoritsofficers,directors,personnel,productsorservices.
(f)ExecutiveacknowledgesthatthisAgreementisbeingenteredintoinconnectionwiththeconsummationofthetransactionscontemplatedbytheMergerAgreement,thatExecutive’sagreementtothetermssetforthhereinareacriticalinducementtotheenteringintotheMergerAgreementbythepartiesthereto,thattheservicestoberenderedbyhimtotheCompanyareofaspecialanduniquecharacter,whichgivesthisAgreementaparticularvaluetotheCompany,thelossofwhichmaynotbereasonablyoradequatelycompensatedforbydamagesinanactionatlaw,andthatamaterialbreachbyhimofanyoftheprovisionscontainedhereinwillcausetheCompanyirreparableinjury.ExecutivethereforeagreesthattheCompanyshallbeentitled,inadditiontoanyotherrightorremedy,toatemporary,preliminaryandpermanentinjunction,withoutthenecessityofprovingtheinadequacyofmonetarydamagesorthepostingofanybondorsecurity,enjoiningorrestrainingExecutivefromanysuchviolation.
(g)Executivefurtheracknowledgesandagreesthatduetotheuniquenessofhisservicesandconfidentialnatureoftheinformationhewillpossess,thecovenantssetforthhereinarereasonableandnecessaryfortheprotectionofthebusinessandgoodwilloftheCompany;anditistheintentofthepartiesheretothatifintheopinionofanycourtofcompetentjurisdictionanyprovisionsetforthinthisAgreementisnotreasonableinanyrespect,suchcourtshallhavetheright,powerandauthoritytomodifyanyandallsuchprovisionsastosuchcourtshallappearnotunreasonableandtoenforcetheremainderofthisAgreementassomodified.
2.CONSIDERATION.
InconsiderationforandsubjecttoExecutive’sagreementtothecovenantssetforthherein,theCompanyshallpaytoExecutive$,_________(theNon-CompetitionFee),payableinmonthlyinstallmentsof$,_________paidbytheCompanyasofthe15thdayofeachmonthoccurringduringtheNon-CompetitionPeriod,subjecttothefollowing:
(i)intheeventExecutive’semploymentwiththeCompanyisinvoluntarilyterminatedbytheCompanyduringtheNon-CompetitionPeriod,theCompanyshallpaytoExecutivethefullamountofanythenremainingunpaidbalanceoftheNon-CompetitionFeewithinthirty(30)daysfollowingthedateofExecutive’sterminationofemployment;
(ii)intheeventExecutivevoluntarilyresignshisemploymentwiththeCompanyduringtheNon-CompetitionPeriod,theCompanyshallcontinuetopaytoExecutivetheNon-CompetitionFeeinmonthlyinstallmentsof$,_________untilthefirstanniversaryofExecutive’sterminationofemployment(or,ifsooner,untilthefullamountoftheNon-CompetitionFeehasbeenpaid)andshallpaythethenremainingunpaidbalanceoftheNon-CompetitionFee,ifany,asoftheanniversaryofExecutive’sterminationofemploymentsubjecttoearlierpaymentunderclause(iii)immediatelyfollowing;
(iii)intheeventofExecutive’sdeathduringtheNon-CompetitionPeriod,theCompanyshallpaytoExecutive’sestatethefullamountofanythenremainingunpaidbalanceoftheNon-CompetitionFeewithinthirty(30)daysfollowingExecutive’sdeath;and
(iv)notwithstandinganythingtothecontrarycontainedaboveinthisSection2,ifatanytimeduringNon-CompetitionPerioditisdeterminedbyacourtofcompetentjurisdictionthatExecutivehasbreachedthecovenantscontainedinthisAgreement,theCompanymaywithholdanyportionoftheNon-CompetitionFeenotyetpaid,withoutprejudicetotheCompany’srighttopursueequitableandlegalremediesforenforcementandrecoveryunderthisAgreement.
(a)EFFECTIVENESS;TERMINATION;SURVIVAL.
Notwithstandinganyprovisionhereoftothecontrary,itistheintentionofthepartiesheretothat:
(i)thisAgreementshallbecomeeffectiveattheEffectiveTime;and(ii)fromandaftertheterminationoftheMergerAgreementinaccordancewithitstermsatanytimepriortotheEffectiveTime,thecovenantscontainedhereinshallbedeemedabandonedandthisAgreementshallforthwithbecomevoid.
3.ENTIREAGREEMENT.ThisAgreementsetsforththeentireagreementbetweenthepartieswithrespecttoitssubjectmatterandmergesandsupersedesallpriordiscussions,agreementsandunderstandingsofeverykindandnaturebetweenanyofthemandneitherpartyshallbeboundbyanytermorconditionotherthanasexpresslysetforthorprovidedforinthisAgreement.ThisAgreementmaynotbechangedormodifiednormayanyofitsprovisionsbewaived,exceptbyanagreeme