Executive Non-Compete Agreement with Restricted Stock Awards for Executive Officers

Contract Categories: Human Resources › Non-Competition Agreements
Summary

This agreement is between the company and several executive officers, including Douglas R. Denton and Kenneth A. Vecchione, who are granted restricted stock in exchange for agreeing not to compete with the company after their employment ends. The agreement outlines the number of restricted shares each executive receives and sets conditions to prevent them from working for competitors for a specified period. The agreement aims to protect the company's business interests and confidential information.

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EX-10.7 4 w94370exv10w7.htm EXECUTIVE NON-COMPETE AGREEMENT exv10w7  

Exhibit 10.7

The following additional executive officers have entered into an Executive Non-Compete Agreement in the form attached as Exhibit 10 of 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
 
   
 		  
Frank P. Bramble, Sr.
   
0
Charles C. Krulak
   
0
Douglas R. Denton
   
51,202
Louis J. Freeh
   
0
Kenneth A. Vecchione
   
55,140