Fill and Sign the Sample Non Compete and Non Solicitation Agreement Hr360com Form

NON-COMPETE LETTER TO EMPLOYEES Employee name and address Dear [Employee Name]:During the course of your employment with [Company], you will meet and come in contact with many of the company’s clients, and acquire many company-sponsored skills.As part of our employment arrangement with you, kindly sign, date, and return to us this letter indicating you agree with this non-compete agreement.In the event you leave our employment for any reason whatsoever and within a period of [Number] years from the date on which your employment is terminated, if you serve a client or competitive company of ours in your individual capacity, as a partner or stockholder in another firm, or an employee of another individual or firm, or in any other manner in a professional capacity (the character of such services being similar to those services previously rendered to such a client or competitor by us), you will pay to [Company] an amount (determined on the accrual basis) equal to the latest year’s fee earned by us from such client or an amount for competitive disadvantage.Payment of any sums due, shall be made in four (4) quarterly installments, the first payment being due on the day that the initial service is rendered to the client or competitor, with a quarterly installment due on the corresponding day of every third (3rd ) month thereafter until the sum is paid in full.Sincerely,Human Resources Manager: Date: Acknowledged and agreed to in full:Employee Signature: Date: