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EMPLOYEE NON-DISCLOSURE and NON-COMPETE AGREEMENT
FOR GOOD CONSIDERATION, and in consideration of
being employed by Better Business Technology Corp., I (The Employee)
hereby agrees and acknowledges:
1. That during the course of my employ there
may be disclosed to me certain trade secrets of the Company;
said trade secrets consisting but not necessarily limited to:
(a) Technical information: Methods, processes,
formulae, compositions, systems, techniques, inventions,
machines, computer programs and research projects.
(b) Business information: Customer lists,
pricing data, sources of supply, financial data and marketing,
production, or merchandising systems or plans.
2. I agree that I shall not during, or at
any time after the termination of my employment with the Company,
use for myself or others, or disclose or divulge to others including
future employees, consultants, or employers, any trade secrets,
confidential information, or any other proprietary data of the
Company in violation of this agreement
3. That upon the termination of my employment
from the Company:
(a) I shall return to the Company all
documents and property of the Company, including but not
necessarily limited to: drawings, blueprints, reports, manuals,
correspondence, customer lists, computer programs, and all
other materials and all copies thereof relating in any way
to the Company's business, or in any way obtained by me
during the course of employ. I further agree that I shall
not retain copies, notes or abstracts of the foregoing.
(b) The Company may notify any future
or prospective employer or third party of the existence
of this agreement, and shall be entitled to full injunctive
relief for any breach.
(c) This agreement shall be binding upon
me and my personal representatives and successors in interest,
and shall inure to the benefit of the Company, its successors
and assigns.
4. That the undersigned Employee hereby agrees
not to directly or indirectly compete with the business of the
Company and its successors and assigns during the period of
employment and for a period of two (2) years following termination
of employment and notwithstanding the cause or reason for termination.
The term "not compete" as used herein shall
mean that the Employee shall not own, manage, operate, consult
or be employed in a business substantially similar to, or competitive
with, the present business of the Company or such other business
activity in which the Company may substantially engage during
the term of employment.
5. That the Employee acknowledges that the
Company shall or may in reliance of this agreement provide Employee
access to trade secrets, customers and other confidential data
and good will. Employee agrees to retain said information as
confidential and not to use said information on his or her own
behalf or disclose same to any third party.
6. This non-compete agreement shall extend
only for a radius of fifty (50) miles from the present location
of the Company and shall be in full force and effect for two
(2) years, commencing with the date of employment termination.
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