EXHIBIT 10.2
COMPETITIVE
PRACTICES AGREEMENT
THIS AGREEMENT, supported by good and sufficient consideration,
is made and entered into as of the ____ day of ________________,
200__, by and between LaBarge, Inc., and its parent, subsidiaries,
divisions and affiliates (hereinafter for the purposes of this
agreement collectively referred to as "Employer"), and
_____________________________________ (hereinafter called the
"Employee").
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1. Covenants .
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a.
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Non-solicitation and Non-Competition by Employee . The
Employee acknowledges that the list of the Employer's customers and
customer contacts as well as Employer's manner and mode of
operation as they may exist from time to time are valuable,
special, and unique assets of the Employer's business. In
recognition of these interests, the parties agree to the following
practices:
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(1) Following the termination of Employee's
employment with the Employer with or without cause, Employee will
not, either directly or indirectly, either for Employee or for any
other person, firm, employer or corporation, call upon, solicit,
divert, or take away, or attempt to solicit, divert or take away
any of the Employees, customers, prospective customers, or
business, of the Employer upon whom Employee called, solicited,
catered, or became acquainted during Employee's period of
employment with the Employer ("Employment Period"); and
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(2) For a reasonable period, which the parties
have agreed is the two (2) year period following the termination of
Employee's employment with the Employer with or without cause,
Employee will not, directly or indirectly, (i) engage in or for any
business which is competitive with any business in which Company is
engaged as of the Termination Date; (ii) work for or solicit
business from any customers of Company for products that are sold
by Company as of the Termination Date; (iii) solicit, divert or
take away from Company the services of any of the employees or
agents of Company, or induce in any way any nonperformance of any
of the obligations of such employees or agents to Company; and (iv)
undertake, or engage in, any employment or business activities
involving the disclosure or use of Company's trade secrets or
confidential information. For purposes of this paragraph, the
geographic area within which such competition is prohibited shall
be the United States, and "customer" shall mean any person or
entity which has made purchases from the Company, or to which the
Company has made a proposal to sell, within the two years prior to
the Termination Date.
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b.
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Confidentiality . Employee covenants and agrees that (A)
during the Employment Period, except as required in the necessary
conduct of the business of Employer or pursuant to appropriate
safeguards on confidentiality and only in connection with and in
furtherance of the business of Employer and (B) after the
Employment Period, on any basis for any reason, Employee shall not
use or disclose to anyone except authorized personnel of Employer,
whether or not for his benefit or otherwise, any confidential
matters (collectively, "Confidential Matters") concerning Employer
(including the business of Employer and the Employer's products) or
Employer's suppliers, consultants, agents or customers (as defined
in subparagraph a(2) above), whether former, current or potential,
including without limitation, secrets, trade secrets, copyrights,
customer lists, lists of employees, mailing lists, details of
consultant or agent contracts, pricing policies, operational
methods and processes, marketing plans or strategies, business
acquisition plans, new personnel acquisition plans, financial
information and other confidential business affairs, learned by
Employee concerning Employer, its customers, or a third party,
including without limitation, any subsid
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