Confidentiality,Non-Solicitation and Non-Competition Agreement保密及不竞争协议

-14-Confidentiality,Non-SolicitationandNon-CompetitionAgreement保密及不竞争协议核心提示：CONFIDENTIALITY,NON-SOLICITATIONANDNON-COMPETITIONAGREEMENT,effectiveasofthedateprovidedbelow,byandbetween,AAA,INC.(theCompany)and_________(Executive).TheCompanyhasenteredintoamergeragreementpursuanttowhichtheCompanCONFIDENTIALITY,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,exceptbyanagreementinwriting,signedbythepartieshereto.4.INDEMNIFICATION.AnythinginthisAgreementtothecontrarynotwithstanding,theCompanyagreestopayallcostsandexpensesincurredbyExecutiveinconnectionwiththeenforcementofhisrightsandentitlementsunderthisAgreementandwillindemnifyandholdharmlessExecutivefromandagainstanydamages,liabilitiesandexpenses(includingwithoutlimitationfeesandexpensesofcounsel)incurredbyExecutiveinconnectionwithanylitigationorthreatenedlitigation,includinganyregulatoryproceedingsarisingoutofthemakingofthisAgreementortheenforcementofExecutive’srightsunderthisAgreement.5.WAIVER.ThefailureofanypartytothisAgreementtoenforceanyofitsterms,provisionsorcovenantsshallnotbeconstruedasawaiverofthesameoroftherightofsuchpartytoenforcethesame.WaiverbyanypartyheretoofanybreachordefaultbyanyotherpartyofanytermorprovisionofthisAgreementshallnotoperateasawaiverofanyotherbreachordefault.6.SEVERABILITY.IntheeventthatanyoneormoreoftheprovisionsofthisAgreementshallbeheldtobeinvalid,illegalorunenforceable,thevalidity,legalityandenforceabilityoftheremainderoftheAgreementshallnotinanywaybeaffectedorimpairedthereby.Moreover,ifanyoneormoreoftheprovisionscontainedinthisAgreementshallbeheldtobeexcessivelybroadastoduration,activityorsubject,suchprovisionsshallbeconstruedbylimitingandreducingthemsoastobeenforceabletothemaximumextentallowedbyapplicablelaw.7.NOTICES.Any