Employee Resignation Agreement (Non-Compete)

RESIGNATION AGREEMENT (NON-COMPETE AND NON-SOLICIT CLAUSES)

Company Name ("Employer" or "Company") and First Last ("Employee") hereby agree to this Resignation Agreement effective Current Date. As a reminder, the Employer's nondisclosure and non-distribution agreements are excerpted below. Employee and Employer had an employment agreement from Start Date through End Date and agree to the following terms and conditions.

Employee will not disclose or distribute in any format or forum any information about the Employer or its customers, vendors, owners, shareholders, employees, partners, officers, directors, board members or Employer's affiliated companies that Employee knows to be confidential or considered to be trade secret, patent, copyright, trademark, service mark or trade name. This shall also include any information on projects or products invented or developed by Employee or Employer during the course of their employment with Employer. Employee agrees not to make statements relating to their employment or this agreement that can be construed as libelous, slanderous, critical or otherwise derogatory of Employer or its employees, agents, partners, shareholders, officers, directors, board members, and affiliated companies.

During the term of Employment and for a period of two (2) years after the Resignation Date of this Agreement, Employee shall not directly, for the Employee's benefit or any other third party other than Employer, perform the following actions:

Perform any service for his/her benefit or for another business in connection with the design, development, marketing, manufacturing, publishing, distribution, or sale of a competing product. Contact, inquire, or otherwise solicit a sale of any competing product or service from any of Employer's customers. Engage in any type of activity or action that would cause any employee, vendor, contractor, consultant, or other agent of Employer to end its business relationship with Employer.

Company Property and Access to Company Resources

Employee certifies that he/she has turned in to Employer all letters, documents, memoranda, papers, notes, and all electronic copies thereof or any other materials or Intellectual Property that are the rightful property of Employer. Employee also certifies that he/she is not in current possession of any other tangible Employer property, including, but not limited to: keys or physical access devices, products, equipment, media, any Employer source code, object code, telephones, charge cards, vehicles or any other tangible property. Employees who have access to Employer's computers, servers, accounts, subscriptions, or other Employer property shall not access those resources for any reason without explicit permission from the Employer.

Outstanding Payments and Severance

Employer will pay Employee any outstanding hours owed from an approved timesheet, including any funds owed from a health savings account or any medical contributions made by Employee to Company Health plan, in the form of a check mailed to Employee's residence. A two-week severance package shall be awarded to the Employee, equal to the Employee's last salary, by Company check, provided he/she agrees to the terms and conditions in this Resignation Agreement. Employee is responsible for giving Employer any updates to his/her address in order to receive tax documents (W-4, 1099, etc) for the next tax year.

Employer and Employee further agree that in the event of any breach or threatened breach of this Resignation Agreement or default hereunder; the injured party has the right to pursue any legal action available to enjoin the breaching party from further injurious conduct and/or to recover damages from the breaching party for their conduct.