Employee Non-Compete Agreement

EMPLOYEE NON-COMPETE AGREEMENT

FOR GOOD CONSIDERATION, and in consideration of my being employed by [Company], I, the undersigned, hereby agree that upon my termination of employment and notwithstanding the cause of termination, I shall not compete with the business of [Company], or its sucessors or assigns.

The term "not compete" as used in this agreement means that I shall not directly or indirectly own, be employed by or work on behalf of any firm engaged in a business substantially similar and competitive with the Company.

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OR ... The term "not compete" as used in this agreement means that I shall not directly or indirectly, as an owner, officer, director, employee, consultant, or stockholder, engage in a business substantially similar or competitive to the business of the company.

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This non-compete agreement shall remain in full force and effect for [XX] years commencing with the date of employment termination.

Signed under seal this XXth day of [Month], 20XX.