Document ID: 11014

Text:
4.2. Non-Competition. By and in consideration of the Companys entering into this Employment Agreement, and in further consideration of the Executives exposure to the Confidential Information of the Company Group, the Executive agrees that the Executive shall not, during the Employment Period and for one year following the Executives Termination Date (the Restriction Period), directly or indirectly, own, manage, operate, join, control, be employed by, or participate in the ownership, management, operation or control of, or be connected in any manner with, including, without limitation, holding any position as a stockholder, director, officer, consultant, independent contractor, employee, partner, or investor in, any Restricted Enterprise (as defined below); provided, that in no event shall ownership of one percent or less of the outstanding securities of any class of any issuer whose securities are registered under the Securities Exchange Act of 1934 , as amended, standing alone, be prohibited by this Section4.2, so long as the Executive does not have, or exercise, any rights to manage or operate the business of such issuer other than rights as a stockholder thereof. For purposes of this paragraph, Restricted Enterprise shall mean any business that is in competition with (a)the present products marketed or sold by the Company to its customers and as such products may be improved and/or modified, (b)the present services marketed, sold or provided by the Company to its customers and as such services may be improved and/or modified or (c)the products and/or services the Company develops, designs, manufactures, markets, produces or supplies in the future to its customers. In the case of each of (a), (b) and (c) above, such businesses shall include, but not be limited to, businesses that are associated with the treatment of intake water, process water or waste-water in industrial and municipal end markets through the provision of services and/or products. For the avoidance of doubt, Restricted Enterprise shall include, but not

Named Entities:
16
17
Title
150
151
Percentage
170
174
Act

Tokenized Text:
4
.
2
.
Non-Competition
.
By
and
in
consideration
of
the
Companys
entering
into
this
Employment
Agreement
,
and
in
further
consideration
of
the
Executives
exposure
to
the
Confidential
Information
of
the
Company
Group
,
the
Executive
agrees
that
the
Executive
shall
not
,
during
the
Employment
Period
and
for
one
year
following
the
Executives
Termination
Date
(
the
Restriction
Period
)
,
directly
or
indirectly
,
own
,
manage
,
operate
,
join
,
control
,
be
employed
by
,
or
participate
in
the
ownership
,
management
,
operation
or
control
of
,
or
be
connected
in
any
manner
with
,
including
,
without
limitation
,
holding
any
position
as
a
stockholder
,
director
,
officer
,
consultant
,
independent
contractor
,
employee
,
partner
,
or
investor
in
,
any
Restricted
Enterprise
(
as
defined
below
)
;
provided
,
that
in
no
event
shall
ownership
of
one
percent
or
less
of
the
outstanding
securities
of
any
class
of
any
issuer
whose
securities
are
registered
under
the
Securities
Exchange
Act
of
1934
,
as
amended
,
standing
alone
,
be
prohibited
by
this
Section4
.
2
,
so
long
as
the
Executive
does
not
have
,
or
exercise
,
any
rights
to
manage
or
operate
the
business
of
such
issuer
other
than
rights
as
a
stockholder
thereof
.
For
purposes
of
this
paragraph
,
Restricted
Enterprise
shall
mean
any
business
that
is
in
competition
with
(
a
)
the
present
products
marketed
or
sold
by
the
Company
to
its
customers
and
as
such
products
may
be
improved
and
/
or
modified
,
(
b
)
the
present
services
marketed
,
sold
or
provided
by
the
Company
to
its
customers
and
as
such
services
may
be
improved
and
/
or
modified
or
(
c
)
the
products
and
/
or
services
the
Company
develops
,
designs
,
manufactures
,
markets
,
produces
or
supplies
in
the
future
to
its
customers
.
In
the
case
of
each
of
(
a
)
,
(
b
)
and
(
c
)
above
,
such
businesses
shall
include
,
but
not
be
limited
to
,
businesses
that
are
associated
with
the
treatment
of
intake
water
,
process
water
or
waste-water
in
industrial
and
municipal
end
markets
through
the
provision
of
services
and
/
or
products
.
For
the
avoidance
of
doubt
,
Restricted
Enterprise
shall
include
,
but
not