EXHIBIT
10.22
NON-COMPETITION
AGREEMENT
THIS
NON-COMPETITION AGREEMENT (the “ Non-Competition
Agreement ”), effective as of January 1, 2009, is
entered into by and between International Paper Company, a New York
corporation (together with its subsidiaries and affiliates, “
International Paper ”), and the undersigned employee
of International Paper to protect the valuable competitive
information and business relationships of International
Paper.
1.
Acknowledgements.
I
acknowledge and agree that:
a.
In the course and scope of my employment with International Paper,
I have developed or will develop unique relationships with
customers and suppliers of International Paper;
b.
As a key employee of International Paper, I perform unique and
valuable services to International Paper of an intellectual
character and that my services will be difficult for International
Paper to replace;
c.
International Paper has provided or will provide me with unique
knowledge and training about its Confidential Information.
Confidential Information , as used in this Non-Competition
Agreement, includes, but is not limited to, any information
possessed or owned by International Paper which is not generally
known to the public, especially if such information gives
International Paper a competitive advantage or its disclosure would
harm International Paper. It includes, but is not limited to, trade
secrets, proprietary information and all other information,
documents or materials, owned, developed or possessed by
International Paper or any employee or consultant of International
Paper, whether tangible or intangible, relating in any way to
International Paper’s business and operations, research and
development, customers, prospective customers, business plans,
business relationships, products or processes, costs or profit
information or data from which that information could be derived,
human resources (including internal evaluations of the performance,
capability and potential of any International Paper employee),
business methods, databases and computer programs;
d.
The business of International Paper and its customers is worldwide
in scope, that International Paper’s competitors and
customers are located throughout the world, that International
Paper’s strategic planning and research and development
activities have application throughout the world and are for the
benefit of International Paper’s business and customers
throughout the world, that unauthorized use or disclosure of
Confidential Information or prohibited competition will irreparably
injure International Paper, that this restriction is reasonably
necessary for the protection of International Paper’s
legitimate business interests; and,
e.
I am entering into this Non-Competition Agreement in conjunction
with my participation in the International Paper Performance Share
Plan and that this provides adequate and significant consideration
for my willingness to enter into this Non-Competition
Agreement.
2. Non-Compete
Provisions.
a.
For the purpose of this Non-Competition Agreement, Competitive
Activities are:
|
|
i.
|
producing,
developing, selling or marketing, or assisting others to produce,
develop, sell or market;
|
|
|
ii.
|
engaging in any
sales, marketing, research and development or managerial duties
(including, without limitation, financial, human resources,
strategic planning, or operational duties), whether as an employee,
consultant, or otherwise, for any entity which produces, develops,
sells or markets;
|
|
|
iii.
|
owning,
managing, operating, controlling or consulting for any entity which
produces, develops, sells or markets; or
|
1
|
|
iv.
|
soliciting the
business of any person, company, firm, or corporation who is or was
a customer of International Paper or active prospective customers
of International Paper within twelve (12) months prior to the
termination of my employment; for
|
any
product, process, or service that is competitive with those
products, processes, or services of International Paper, whether
existing or contemplated for the future, concerning which I have in
any manner acquired knowledge, trade secrets or confidential
information during the twenty-four (24) months preceding
termination of my employment.
b.
While an employee of International Paper, I agree not to engage in
any Competitive Activities or prepare to engage in any Competitive
Activities in any manner, either directly or indirectly, whether
for compensation or otherwise, with International Paper, or to
assist any other person or entity to compete or to prepare to
compete with International Paper.
c.
I agree that for twelve (12) months after the date of
termination by either party of the employment for any reason (the
“ Non-Compete Period ”), I shall not, directly
or indirectly, commit, participate in or facilitate any of the
Competitive Activities for any entity that is competitive with
International Paper.
d.
I shall not assist others in engaging in activities that I am not
permitted to undertake.
3.
Confidentiality.
I
agree that at all times, both during and after my employment with
International Paper, I shall not directly or indirectly use or
disclose any Confidential Information to any third person or entity
outside International Paper, except (i) as may be necessary in
the good faith performance of my duties for International Paper and
only in compliance with International Paper’s policies for
making such use or disclosure, or (ii) as I am required to
disclose under any applicable laws, regulations or directives of a
governmental entity having jurisdiction in the matter or under
subpoena or other process of law, provided that I shall promptly
notify the Company in writing of any such requests for
disclosure.
4. Common Law
Duties.
I
acknowledge and agree that I owe fiduciary and common law duties to
International Paper, in addition to the covenants set forth above,
prohibiting the misuse or disclosure of trade secrets or
confidential information and the unlawful interference with
International Paper’s business, customer relationships and
corporate opportunities.
5. Duty to Show
Non-Competition Agreement to Prospective Employers.
During my
employment with International Paper and for twelve (12) months
thereafter, I shall, prior to accepting other employment, provide a
copy of this Non-Competition Agreement to any recruiter who assists
me in locating employment other than with International Paper
and