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Exhibit 10.4
NON-DISCLOSURE AND NON-COMPETITION
AGREEMENT
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THIS AGREEMENT between Cohesant Technologies Inc.
(together with its subsidiaries, including, but not limited to
Cohesant Technologies Inc (together with its subsidiaries, the
"Company") and the undersigned Associate.
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In consideration of Associate’s employment
with the Company and the potential severance payment described
herein, Associate covenants and agrees as follows:
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I.
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Non-Disclosure — Associate
covenants and agrees that during Associate’s employment and
after termination of employment that:
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A.
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Without prior written consent of Company,
Associate shall not at any time, directly or indirectly, use for
Associate’s own benefit or purposes or for the benefit or
purposes of any other person, firm, partnership, association,
corporation or business organization, or disclose to any person,
firm partnership, association, corporation or business
organization, any trade secrets, information, data, know-how or
knowledge (including, but not limited to, trade secrets,
information, data, know-how or knowledge relating to customers,
prospects, products, suppliers, sources of supply, business methods
and techniques, market development programs, revenues, costs,
management practices, contracts, documents, designs, processes,
plans or employees) belonging to, or relating to the affairs of the
Company ("Confidential Information"), except where required in good
faith to transact the business of the Company. Confidential
Information of the Company shall not be deemed to include
information of the Company that:
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(i)
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at the time of disclosure, is properly in the
public domain or thereafter properly becomes part of the public
domain by publication or otherwise through no fault or act of the
Associate;
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(ii)
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the Associate can conclusively establish was
properly in his or her possession prior to the time of the
disclosure to the Associate of the Confidential
Information;
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(iii)
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the Associate independently developed without the
use of any Confidential Information received from the Company;
or
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(iv)
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is required to be disclosed by legal process,
provided that Associate shall first have given timely written
notice to the Company so that the Company may seek to obtain an
appropriate protective order.
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B.
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Associate shall return to the Company, at its
request, and in any event within three (3) days after
termination of Associate’s services, in good condition,
reasonable wear and tear excepted, all documentation and records
which are the property of Company and any and all copies thereof,
including, but not limited to, all Company manuals promotional and
instructional materials, and similar aids and equipment, all
correspondence, customer lists, files, plans, contracts, memoranda
and reports as well as all of Company’s equipment and other
property in Associate’s hands or under Associate’s
control at the time of the termination of Associate’s
employment.
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C.
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Subject to exceptions set forth in
Section 1(A) above, Associate shall keep in strict confidence
all trade information, product data, management practices, business
and pricing methods and techniques, customer and
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prospect lists, trade secrets and other
confidential information concerning Company’s business and
its methods of doing business.
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II.
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Non-Competition
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A.
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Associate acknowledges that Associate has been
and will be dealing with confidential information, trade secrets
and business methods which are the Company’s property.
Associate further acknowledges that the training, materials,
customer lists and other confidential information and trade
secrets, all provided to Associate by Company, are of value to the
Company and that is reasonable and necessary for the protection of
Company that the Associate not compete with Company within the area
and for the duration hereinafter set forth. Accordingly, Associate
covenants and agrees that Associate shall not during the term
hereof and for a period of one (1) year following the
termination of Associate’s employment with Company for any
reason (the "Restricted Period"), directly or indirectly (which
means acting alone, as a sole proprietor; as a partner, employee or
agent of a partnership; as an officer, director, employee or
shareholder or agent of any other corporation; or as a trustee,
fiduciary, consultant, independent contractor, agent or other
representative), engage in any or all of the following
activities:
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1.
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Enter into or engage in the Business within the
United States, Canada or Mexico; or
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2.
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Promote the business of any person, firm,
association, or corporation engaged in a business which competes
with the Business of the Company; or
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3.
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Solicit, divert or take away or attempt to
solicit, divert or take away, any of the Company’s customers;
or
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4.
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Cause or attempt to cause any of Company’s
customers to cease from transacting business with the Company;
or
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5.
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Knowingly employ or engage or attempt to employ
or engage in any capacity any person employed by the Company or a
Company’s sales representative, independent contractor or
agent at the time of Associate’s termination of
employment.
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The provisions of Clauses 3 or 4 above shall not
apply to the solicitation of Company’s customers on behalf of
a business entity that is not engaged in the Business.
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For
purposes of this Agreement, "Business" means; (i) the
protection and renewal of water and wastewater infrastructure,
including, but not limited to, collection systems, water treatment
facilities, wastewater treatment facilities, water storage
facilities, and water distribution and other piping systems for
municipal, industrial, commercial and residential infrastructures
(collectively, "Water and Wastewater Infrastructure");
(ii) the design, development, manufacture and sale of
specialty polymer coatings designed for the protection and renewal
of Water and Wastewater Infrastructure; and (iii) the design,
development, manufacture and sale
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