Document:

EX-10.2

 Exhibit 10.2 

NON-COMPETITION AND CONFIDENTIALITY AGREEMENT 

THIS NON-COMPETITION and CONFIDENTIALITY AGREEMENT (this “Agreement”) is entered into
effective as of April ____, 2020 between Myers Industries, Inc., an Ohio Corporation (the “Company”) and Michael McGaugh (the “Employee”). 

RECITALS: 

1.    The Company is a diversified international manufacturer of polymer products for the industrial, agricultural,
automotive, commercial and consumer markets and distributor of tools, equipment and supplies for tire service and under vehicle repair. The business of the Company is operated by the Company itself and through its various operating divisions and
subsidiaries, all together with the Company being collectively referred to in this Agreement as the “Company Group.” 

2.    Employee is being employed as President and Chief Executive Officer of the Company, and the execution of this
Agreement is a condition of such employment. 
 3.    The Company Group has acquired and established valuable and
competitively sensitive information through its business, research, development and practices, which information is described more extensively herein, and is collectively referred to as the “Confidential Information.” To protect the
interests of the Company Group and the competitive advantage derived from the Confidential Information, it is necessary that such Confidential Information be kept secret and confidential. 

4.    The Employee, from and after the commencement of employment, will be engaged in activities such that the Employee
will have extensive access to and become familiar with, and may develop or contribute to, some or all of the Confidential Information. In addition, Employee will have extensive contact with; and/or receive Confidential Information concerning, the
customers of the Company Group. The Employee recognizes that the Confidential Information and the Company Group’s customer relationships are vital to the success of the Company and that extensive, irreparable harm would result were such
Confidential Information to be disclosed outside the Company Group or if Employee were to engage in certain activity which competes with the Company Group members. 

NOW, THEREFORE, in view of the above and in consideration for the mutual covenants and promises set forth below, the parties agree as follows:

 1.    Confidential Information: For purposes of this Agreement, Confidential Information includes, but is not
limited to, business plans and strategies, marketing plans and strategies, customer lists, customer purchasing information, customer contact information, product design and development information, methods of operation, technical services, non-public financial information, business development plans and strategies, system analyses, quality control programs and information, computer programs, software and hardware configurations, information regarding
the terms of the Company Group’s relationships with suppliers, pricing information, processes and techniques, creations, innovations, and any other information which the Company Group members may reasonably treat or designate as confidential
from time to time. The Company believes that all Confidential Information constitutes trade secret information under applicable law. Employee shall, however, maintain the confidentiality of all Confidential Information whether or not ultimately
determined to be a trade secret. 
  

 2.    Confidentiality and
Non-Competition: 
 A.    Covenants 

(a)    Employee acknowledges he is being provided access to the Confidential Information in order to
enhance and maximize Employee’s performance in his position. Employee further acknowledges that the Company Group would be irreparably injured and the good will of the Company Group would be irreparably damaged if Employee were to breach the
covenants set forth in this Paragraph 2. Employee further acknowledges that the covenants set forth in this Paragraph 2 are reasonable in scope and duration and do not unreasonably restrict Employee’s association with other business entities,
either as an employee or otherwise as set forth herein. 
 (b)    During Employee’s employment with
the Company Group and any time thereafter, except as may be required by law or with the express prior written consent of the Chairman of the Board of Directors of the Company, Employee shall not, directly or indirectly, disclose, disseminate,
reveal, divulge, discuss, copy or otherwise use or suffer to be used, any Confidential Information other than in the authorized scope of Employee’s employment; provided, however, that the foregoing restrictions and obligations shall not apply
to any Confidential Information that Employee establishes to the reasonable satisfaction of the Company that was generally available to the public other than as a result of a disclosure by Employee. Upon termination of employment, no matter what the
reason for such termination, and at any other time upon the request of any Company Group member, Employee shall immediately return any and all Confidential Information and all other materials, property and information in tangible or electronic form
concerning the business and affairs of the Company Group and/or its customers, in each case, then in his possession; provided, however, that notwithstanding anything to the contrary in the foregoing, Employee may retain electronic copies of his
calendar and contacts, and information in tangible or electronic form concerning his compensation and benefits from the Company Group. 

(c)    Employee agrees that during Employee’s employment and for a period of twelve (12) months
following the termination of such employment, no matter what the reason for such termination, Employee will not directly or indirectly, whether on Employee’s own behalf or on behalf of any other person or entity, do or suffer any of the
following: 
 (i)    Own, manage, control, participate in the ownership, management or control of, be
employed or engaged by or otherwise affiliated or associated as a consultant, independent contractor or otherwise with, any person or business entity that competes with any member of the Company Group which Employee was employed by, provided
material services to, and/or was otherwise sufficiently involved with to possess knowledge of its Confidential Information and/or its customer relationships (each a “Protected Company Group Member”) in the United States or in any
geographic area(s) outside the United States in which any such Protected Company Group Member has operations or sells a material amount of products or services (the “Restricted Territory-).
Without limiting the generality and scope of the foregoing, any business entity or person providing products or services competitive with those of a Protected Company Group Member in the Restricted Territory from either inside or outside the
Restricted Territory is deemed to be competing within the Restricted Territory. For purposes of this Agreement, the phrase “competes with” means providing services and products which are the same as, similar to, reasonably substitutable
for, or otherwise reasonably capable of displacing the services and products of a Protected 

  
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Company Group Member. Notwithstanding the foregoing, (A) Employee’s passive investment ownership of not more than one percent (1%) of the stock of any publicly traded corporation shall
not be deemed a violation of this provision, and (B) Employee may, without violating this Agreement, work for a non-competitive portfolio company of a private equity sponsor that owns a portfolio company
that is competitive with the Company Group. 
 (ii)    Solicit, provide, sell, attempt to provide or
sell, or otherwise deliver or supply any products or services which compete with the products or services of a Protected Company Group Member to any person or business entity which is or was a customer or prospective customer of such Protected
Company Group Member at any time during the last twelve (12) months of Employee’s employment with the Company Group, nor shall Employee in any way assist any other person or entity in such activity. For purposes of this Agreement,
(1) the phrase “products or services which compete with the products or services of a Protected Company Group Member means products or services which are the same as, similar to, reasonably substitutable for, or otherwise capable of
displacing the products or services of such Protected Company Group Member; and (2) the term “prospective customer” means any person or entity a Protected Company Group Member solicited, called on or otherwise specifically identified
as a target for the sale of its products or services. 
 (iii)    Solicit, hire or otherwise engage the
services of any person who then currently is, or who at any time during Employee’s last twelve (12) months of employment was, an employee, consultant, or independent contractor of any Company Group member, or otherwise encourage or induce
any such person to discontinue his or her relationship with any Company Group member. The foregoing shall not apply to (i) an employee who responds to a general solicitation not targeted to the Company Group’s employees, or (ii) a
request that Employee provide a referral on behalf of an employee. Employee will not engage in any business relationship with any subcontractor, supplier or service provider of any Company Group member which interferes with such Company Group
member’s relationship with such subcontractor, supplier or service provider, or in any way causes such subcontractor, supplier or service provider to reduce, alter, modify or discontinue the business it (they) do(es) with a Company Group
member. 
 3.    Inventions: Employee hereby expressly agrees that all research discoveries, inventions and
innovations (whether or not reduced to practice or documented), improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether patentable or unpatentable, and whether or not reduced to
writing), Confidential Information and copyrightable works, and similar and related information (in whatever form or medium), which (1) either (i) relate to actual or anticipated business, research and development or existing or future products
or services of any Company Group member or (ii) result from or are suggested by any work performed by the Employee of any Company Group member and (2) are conceived, developed, made or contributed to in whole or in part by the Employee
during his employment (“Work Product-), shall be and remain the sole and exclusive property of the Company or of any Company Group member designated by the Company for such purpose. 

(i)    Work Made for Hire. The Employee acknowledges that, unless otherwise agreed in writing by
the Company, all Work Product eligible for any form of copyright, trademark or patent protection made or contributed to in whole or in part by the Employee within the scope of Employee’s employment during the period of Employee’s
employment shall be deemed a “work made for hire” and shall be owned by the applicable Company Group member. 

  
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 (ii)    Assignment of Proprietary Rights. The
Employee hereby assigns, transfers and conveys to the applicable Company Group member any Work Product designed by the Company, and shall assign, transfer and convey thereto, all right, title and interest in and to all inventions, ideas,
improvements, designs, processes, patent rights, copyrights, trademarks, service marks, trade names, trade secrets, trade dress, data, discoveries and other proprietary assets and proprietary rights in and of the Work Product (the “Proprietary
Rights”) for the applicable Company Group member’s exclusive ownership and use, together with all rights to sue and recover for past and future infringement or misappropriation thereof 

(iii)    Further Instruments. At the request of the Company or any Company Group member during
Employee’s employment and thereafter, the Employee will promptly and fully assist the Company Group member designated by the Company in effecting, at its sole cost, the purpose of the foregoing assignment, including but not limited to the
further acts of executing any and all documents reasonably necessary to secure for the applicable Company Group member such Proprietary Rights and other rights to all Work Product and all confidential information related thereto, providing
cooperation and giving testimony. If Employee’s assistance is required after termination of Employee’s employment with the Company Group, the Company will use its reasonable efforts to accommodate Employee’s other commitments and
reimburse Employee for expenses reasonably incurred in connection with his assistance. 

(iv)    Inapplicability of Section 3 in Certain Circumstances. The Company
expressly acknowledges and agrees that, and the Employee is hereby advised that, this Section 3 does not apply to any invention for which no equipment, supplies, facilities, trade secret information or Confidential Information of any Company
Group member was used and which was developed entirely on the Employee’s own time, unless (i) the invention relates to the business of any Company Group member or its actual or demonstrably anticipated research or development or
(ii) the invention results from or is suggested by any work performed or observed by the Employee for any Company Group member. 

4.    Remedies: Employee acknowledges that the restrictions contained in paragraphs 2 and 3 of this Agreement are
reasonable in light of Employee’s position and are necessary to protect the Company Group from unfair competitive harm. Employee further acknowledges that any breach of this Agreement will result in immediate irreparable harm to the Company
Group and that the Company shall be entitled to immediate injunctive relief upon any such breach, in addition to all other legal and equitable remedies the Company may have. This Agreement is to be construed as separate and independent from any
other obligations and any claim by Employee asserted against the Company Group or any member thereof and shall not constitute a defense to the enforcement of this Agreement. In the event any court determines that the restrictions set forth herein
are unreasonable or unenforceable for any reason, the court will enforce such restrictions to the fullest extent permitted by law. 

5.    Position of Employment: Employee expressly acknowledges that the obligations contained in paragraphs 2 and 3
of this Agreement shall remain in full force and effect during Employee’s employment in any position for any Company Group member and with respect to any Confidential Information. 

  
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 6.    Validity: In the event any provision of this Agreement, or
portion thereof, is held by a court of competent jurisdiction to be unreasonable, arbitrary, or against public policy, then such provision, or portion thereof, shall be enforced against the Employee to the extent the court deems to be reasonable or
in accordance with public policy. In the event any provision of this Agreement shall for any reason be wholly invalid, or unenforceable in any respect, such invalidity shall not affect the validity of any remaining portion which shall remain in full
force and effect as if the invalid portion was never part of this Agreement. 
 7.    Miscellaneous: Employee
acknowledges that the Employee has carefully read this entire Agreement and fully agrees with and understands all of the provisions hereof. This Agreement supersedes all prior agreements between any Company Group member and the Employee regarding
the subject matter of this Agreement and constitutes the entire agreement between the parties with respect to such subject matter. The Employee further agrees that in executing this Agreement, the Employee has not relied on any written or oral
representations, promises, conditions, or understandings of any Company Group member, express or implied, except as set forth herein. This Agreement may not be amended or modified other than in writing signed by the parties. This Agreement and any
disputes arising thereunder shall be governed by the laws of the State of Ohio without regard to any State’s choice of law, rules or principles. Employee and the Company expressly agree that any legal action arising out of or related to this
Agreement will be brought exclusively in the state or federal courts located in Summit County, Ohio, and each party expressly consents to the jurisdiction of such courts and waives any and all objections to the jurisdiction or venue thereof. This
Agreement may be assigned to any successor-in-interest to the business of the Company or any Company Group member without the consent of Employee, but may not be
assigned by Employee to any third party. This Agreement is not a contract of employment for any definite period and Employee acknowledges that Employee’s employment is terminable at-will. 

IN WITNESS WHEREOF, the parties have hereunto executed this Agreement as of the date first set forth above. 

 

									
		 		 		 	COMPANY
				
		 		 		 	Myers Industries, Inc.
					
	Date:	 	 	 		 	By:	 	 
		 		 		 		 	Andrean R. Horton
		 		 		 		 	Interim President and Chief Executive Officer
				
		 		 		 	EMPLOYEE
					
	Date:	 	 	 		 	 	 	 
		 		 		 		 	Michael McGaugh

  

  
 5ttlo_Ex_10-1

		
			Exhibit 10.1
		

		
			 
		

		
			FORM OF AMENDED AND RESTATED EMPLOYMENT AGREEMENT
		

		
			 
		

		
			Date: September 12, 2019
		

		
			 
		

		
			Torotel is pleased to provide you with this letter agreement (this “Agreement”) setting forth in general the scope and terms of your employment with Torotel.  This Agreement is intended to reflect our mutual agreements regarding the terms and conditions of your employment with Torotel, as follows:
		

		
			 
		

		
			1.         Employment.  Torotel agrees to employ you as its Vice President of Finance, Treasurer, and Chief Financial Officer, and you agree to serve Torotel in such capacity, subject to the terms and conditions hereinafter set forth.
		

		
			 
		

		
			2.         Term.  The term of your employment shall be from September 12, 2019 and, if not sooner terminated pursuant to the terms hereof, shall expire on that date which is three (3) years after the date hereof.:  provided, however, that on September 30, 2020 and September 30th of each year thereafter, the term shall automatically extend for one additional year and shall continue in this manner until the Agreement is terminated as provided in Section 8 hereof.
		

		
			 
		

		
			3.         Duties.  You agree that you will serve Torotel faithfully and diligently and that you will fulfill the lawful directions given to you by Torotel’s Board of Directors to the best of your ability during your employment, and that you will devote your full-time efforts and attention to the business of Torotel, excluding reasonable vacation and sick leave in accordance with Torotel policies.  Your place of employment will be in the Kansas City metropolitan area and will involve the normal duties associated with the positions as Vice President of Finance, Treasurer, and Chief Financial Officer, such duties to include, but not be limited to Finance,  SEC Reporting, and supervision and control of other business and affairs of the Corporation.
		

		
			 
		

		
			4.         Compensation.  As compensation for services rendered by you to Torotel, you shall receive from Torotel:
		

		
			 
		

		
			(a)        An initial base salary of $13,790.40 per month (“Base Salary”), payable to you in bi-weekly installments during your employment, subject to annual adjustments by the Torotel Board of Directors in its sole discretion;
		

		
			 
		

		
			(b)        Bonus and stock as determined by the Board of Directors;
		

		
			 
		

		
			5.         Employee Benefits.
		

		
			 
		

		
			(a)        Medical and Insurance Benefits. You will be entitled to receive all employee benefits provided to Torotel employees generally from time to time, so long as and to the extent the same exist.
		

		
			 
		

		
			
		

		
			

		 

		

		
			 
		

		
			(b)       Vacation, Sick Leave and Holidays.  You shall be entitled to vacation, sick leave and holidays in accordance with Torotel’s policy, as it exists from time to time.
		

		
			 
		

		
			(c)       Restricted Stock Plan.  You shall be entitled to participate in Torotel’s restricted stock plan, in accordance with the terms of such plan, as it may be amended from time to time.
		

		
			 
		

		
			6.         Confidentiality/Non-Solicitation.
		

		
			 
		

		
			(a)        While employed, you will learn important proprietary information related to Torotel’s business, including, but not limited to, confidential and proprietary information concerning corporate strategies and planning in the area of strategic growth.  You acknowledge that the proprietary customer, operations, financial, and business information that has been or will be learned (i) has been and will be developed through Torotel’s expenditure of substantial effort, time and money; and (ii) together with relationships developed with customers and employees, could be used to compete unfairly with Torotel during the post-employment period.  Because Torotel’s ability to provide services on a competitive basis depends, in part, on its proprietary information and customer relationships, Torotel would not share such information and promote your relationship with customers if Torotel believed that you would use or disclose such information or relationships in competition with Torotel, or if Torotel believed that your relationship with Torotel’s employees or customers would be used to the detriment of Torotel.
		

		
			 
		

		
			(b)        You shall use reasonable efforts to protect Confidential Information from disclosure.  “Confidential Information” is any and all non-public information (no matter in what form) relating to Torotel’s intellectual property, customers, operations, finances, and business that derives value from not being generally known to others.  It includes, but is not limited to, technical or non-technical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, or lists of actual or potential customers or suppliers (including identifying information about those customers), whether or not reduced to writing.  Confidential Information includes information disclosed to Torotel by third parties that Torotel is obligated to maintain as confidential.  Confidential Information may include information that is not privileged nor a trade secret, but information that is not privileged and also not a trade secret shall constitute Confidential Information only for two years after termination of your employment.  You will not use, except in connection with work for Torotel, and will not disclose during or after your relationship with Torotel, Torotel’s Confidential Information.  Upon the termination of your employment, or for any reason or at any time at Torotel’s request, you will deliver promptly to Torotel all materials, documents, plans, records, notes, or other papers and any copies in your possession or control relating in any way to Torotel’s business, which at all times shall be the property of Torotel.
		

		
			 
		

		
			(c)        During your employment and for two years thereafter, you will not solicit for employment with any individual, corporation, partnership, association, franchise, unincorporated organization or other entity, any person who is or was, at any time during the year prior to the date of termination of your employment, a Torotel employee.
		

		
			 
		

		
			
		

		
			

		 

		

		
			 
		

		
			(d)        Because you will be affiliated with and benefit from Torotel’s name and good will and relationship with its customers and will have access to Confidential Information about Torotel’s customers, you will not, while employed by Torotel, solicit any Torotel customer for the purpose of providing products or services offered by Torotel, other than on behalf of Torotel.  In addition, for a period of two years after the termination of your employment, you will not solicit Customers for the purpose of providing products or services identical to or competitive with Torotel’s services.  “Customers” are customers of Torotel in the United States that you, during the year prior to the termination of your employment, (i) serviced or solicited on behalf of Torotel; (ii) supervised others servicing or soliciting on behalf of Torotel; or (iii) about whom you had Confidential Information.
		

		
			 
		

		
			7.         Expense Reimbursement.       Torotel will reimburse you for all reasonable, out-of-pocket expenses, including but not limited to reasonable travel expenses incurred in the performance of your employment duties under this Agreement.  Torotel will review and pay such expenses in accordance with its normal procedures for paying the expenses of employees, including such documentation requirements as may be adopted from time to time.
		

		
			 
		

		
			8.         Termination.
		

		
			 
		

		
			(a)        Your employment under this Agreement shall be terminated if you die, resign voluntarily, retire, voluntarily take another position with another company requiring a substantial portion of your time, or become disabled under circumstances in which you would be entitled to benefits under your Torotel provided long-term disability insurance policy (if any).  In addition, this Agreement may be terminated (x) by Torotel, at any time and without prior notice, for “Cause” (as defined below); or (y) by you, at any time and without prior notice, for “Good Reason” (as defined below).
		

		
			 
		

		
			(b)        For purposes of this Agreement, “Cause” means (i) your willful and continued failure to perform your duties (other than any such failure resulting from your incapacity due to physical or mental illness), after demand for substantial performance is delivered to you by Torotel that specifically identifies the manner in which you have not performed your duties; (ii) the engaging by you in gross negligence or willful failure to perform a material duty; or (iii) your conviction of a felony crime.
		

		
			 
		

		
			(c)        For purposes of this Agreement, “Good Reason” means (x) a material breach by Torotel of any provision of this Agreement which is not cured by Torotel within thirty (30) days’ notice thereof from you; (y) requiring you to move out of the Kansas City metropolitan area to perform your duties under this Agreement; or (z) a reduction in the character of your assigned duties or in your level of work responsibility or conditions or in your level of compensation.
		

		
			 
		

		
			(d)        In the event that you are terminated without Cause prior to the end of the term of this Agreement, you will receive a lump sum severance payment in the amount equal to one year of your salary, bonus and benefits (which shall include the amounts identified in Sections 4(a) and (b) above and Sections 5(a), (b) and (c) above, together with all bonuses earned and also shall include full vesting of all of your stock).
		

		
			
		

		
			

		 

		

		
			 
		

		
			(e)        In the event of a “Change of Control” (as defined below), if you are terminated by the Company other than for Cause or if you terminate your employment for Good Reason, you shall be entitled to receive a lump sum severance payment in an amount equal to the greater of:  (i) one year of your salary, bonus and benefits (which shall include the amounts identified in Sections 4(a) and (b) above and Sections 5(a), (b) and (c) above, together with all bonuses earned and also shall include full vesting of all of your stock), or (ii) the amount of your total salary, bonus and benefits for the remaining term of this Agreement (which shall include the amounts identified in Sections 4(a) and (b) above and Sections 5(a), (b) and (c) above, together with all bonuses earned and also shall include full vesting of all of your stock).
		

		
			For purposes of this Agreement, each of the following events shall constitute a “Change of Control”:
		

		
			(1)  A change in stockholder ownership of Torotel, whereby a person or company, or a group of affiliated persons or companies, acquires a sufficiently large block of the shares of capital stock of Torotel which, when added to shares of capital stock previously owned by them and when voted together with the shares of the capital stock of all other stockholders of Torotel whose proxies or written consents are solicited by such person, company or group without the benefit of a management-supported proxy statement at any meeting of the stockholders of Torotel, would enable such person or company or group of affiliated persons or companies to elect a majority of the Board of Directors of Torotel.
		

		
			(2)  A merger or consolidation of Torotel with and into another company, other than with or into a wholly-owned subsidiary of Torotel, where:
		

		
			a.   Torotel is not the surviving company; or
		

		
			b.   Torotel is the surviving company and the members of the Board of Directors immediately prior to the merger or consolidation do not constitute a majority of the Board of Directors of the surviving company after the merger or consolidation;
		

		
			(3)  The sale of all or substantially all of the assets of Torotel; or
		

		
			(4)  Any other kind of a corporate reorganization or takeover where:
		

		
			a.   Torotel is not the surviving company; or
		

		
			b.   Torotel is the surviving company and the members of the Board of Directors immediately prior to the reorganization do not constitute a majority of the Board of Directors of the surviving company.
		

		
			(f)        In the event of “Good Reason,” you, in your sole discretion, may (i) accept the changes and elect to remain with Torotel, or (ii) elect to take a lump sum severance payment in an amount equal to the greater of:  (A) one year of your salary, bonus and benefits (which shall include the amounts identified in Sections 4(a) and (b) above and Sections 5(a), (b) and (c) above, together with all bonuses earned and also shall include full vesting of all of your stock),
		

		
			
		

		
			

		 

		

		
			 
		

		
			or (B) the amount of your total salary, bonus and benefits for the remaining term of this Agreement (which shall include the amounts identified in Sections 4(a) and (b) above and Sections 5(a), (b) and (c) above, together with all bonuses earned and also shall include full vesting of all of your stock).
		

		
			9.         Miscellaneous.
		

		
			 
		

		
			(a)        Interpretation.  The paragraph headings contained herein are for the purpose of convenience of reference only and are not intended to define or limit the contents of such paragraphs.  In this Agreement, (i) all gender references include the feminine and the masculine and (ii) the singular includes the plural, and the plural the singular.
		

		
			 
		

		
			(b)        Severability.  If all or any provision or portion of this Agreement shall to any extent be held invalid or unenforceable, in whole or in part, by a court or agency having competent jurisdiction, a valid decision or decree to which Torotel is a party, then the parties expressly agree to be bound by any lesser covenant imposing the maximum legal duty permitted by law that is subsumed within the terms of such covenant, as if the resulting covenants were separately stated in and made a part of this Agreement, and the remainder of this Agreement shall remain in full force and effect.
		

		
			 
		

		
			(c)        Equitable Relief.  You and Torotel acknowledge and agree that breach of any of the covenants made by you herein would cause irreparable injury to Torotel, which could not sufficiently be remedied by monetary damages, and therefore that Torotel shall be entitled to obtain such equitable relief as declaratory judgments; temporary, preliminary, and permanent injunctions; and order of specific performance to enforce those covenants or to prohibit any act or omission that constitutes a breach thereof.
		

		
			 
		

		
			(d)        Amendment.  This Agreement may be altered or amended only by a writing signed by all parties hereto.  Your employment shall automatically terminate upon your death.  This Agreement is the final, complete and exclusive statement and expectation of the agreement between you and Torotel.
		

		
			 
		

		
			(e)        Governing Law.  This Agreement shall be construed under and governed by the laws of the State of Kansas.
		

		
			 
		

		
			(f)        No Improper Use of Information or Violation of Agreements with Prior Employers and Others.  During your employment, you will not improperly use or disclose any confidential information or trade secrets or violate any non-competition or other agreement with, any former employer or any other persons to whom you have an obligation of confidentiality or non-competition.  You will not bring onto the premises of Torotel any unpublished documents or any property belonging to any former employer or any person to whom you have an obligation of confidentiality, unless consented to in writing by that former employer or person.  You will use in the performance of your duties only information that is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by Torotel.
		

		
			 
		

		
			
		

		
			

		 

		

		
			 
		

		
			(g)        Assignment.  You understand that you have been selected for employment by Torotel on the basis of your personal qualifications, experience and skills.  Therefore, you shall not assign all or any portion of your performance under this Agreement.
		

		
			 
		

		
			If the foregoing adequately reflects your understanding of our agreement, please indicate your affirmation by signing the enclosed copy of this Agreement and returning it to me at the above listed address.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Sincerely,

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						TOROTEL, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						The undersigned hereby agrees to the terms of the

					
					
						 

				
	
					
						foregoing Agreement:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						[NAME]

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Date:

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