Executive Non-Compete Agreement for Executive Officers

Contract Categories: Human Resources › Non-Competition Agreements
Summary

This agreement outlines the terms under which certain executive officers agree not to compete with the company after their employment ends. In exchange, specified executives receive restricted stock, with the number of shares detailed for each individual. The agreement is designed to protect the company's interests by limiting the executives' ability to work for competitors or start competing businesses for a set period after leaving the company.

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EX-10.5 2 w05398exv10w5.htm EXECUTIVE NON-COMPETE AGREEMENT - ADDITIONAL INFORMATION exv10w5  

Exhibit 10.5

Executive Non-Compete Agreement

The following is a list of executive officers who have entered into an Executive Non-Compete Agreement in the form attached as Exhibit 10 to the Form 10-Q for the quarter ended September 30, 1999. The number of shares of restricted stock issued under Section 4 of the agreement is as follows:

         
Executive Officers   Shares*
 
        
Gregg Bacchieri
    78,772  
Louis J. Freeh
    0  
Charles C. Krulak
    0  
John W. Scheflen
    66,960  
Richard K. Struthers
    78,772  
Kenneth A. Vecchione
    55,140  

*Share numbers reflect stock splits.