Document:

Non-Competition and Non-Solicitation Agreement with Colin Wyatt

 
Exhibit 10.5

 
[LOGO] 
 
NON-COMPETITION AND NON-SOLICITATION AGREEMENT

 
This Agreement is made between Entrust
Technologies Inc., a Maryland corporation (“Entrust”) and Colin Wyatt (the “Employee”). 
 
WHEREAS, is order to reduce uncertainty regarding the Employee’s continued employment during the current transition period, Entrust
has entered into the Officer Retention Program and Agreement on the condition that the Employee execute this Agreement; and 
 
WHEREAS, during the term of the Officer Retention Program, the Employee will have access to and be instrumental in developing and
implementing critical aspects of Entrust’s strategic business plan; 
 
WHEREAS, the Employee is an owner of capital stock or options to acquire the capital stock of the Company and will otherwise personally benefit from the Officer Retention Program and Agreement contemplated by this Agreement.

 
NOW, THEREFORE, in consideration of (i) Entrust
entering into the Officer Retention Program and Agreement, (ii) the benefit to the Employee from the transactions contemplated in the Officer Retention Program, (iii) the employment or continued employment of the Employee by Entrust or any of its
subsidiaries, and (iv) the continued receipt and access to confidential, proprietary, and trade secret information associated with the Employee’s position with Entrust, the Employee and Entrust agree as follows: 
 
1. Confidentiality. The Employee hereby acknowledges
and reaffirms to the same extent as if restarted here in full the promises and obligations set forth in the Intellectual Property and Confidentiality Agreement signed by the Employee on or about March 22, 1999 and the Conflict of Interest Agreement
signed by the Employee on or about March 22, 1999. 
 
2. Non-Competition and Non-Solicitation. The Employee acknowledges and agrees that the nature of the Entrust confidential, proprietary, and trade secret information to which the Employee has, and will continue to have, access
to derives value from the fact that it is not generally known and used by others in the highly competitive, international industry in which Entrust competes. The Employee further acknowledges and agrees that, even in complete good faith, it would be
impossible for the Employee to work in a similar capacity for a competitor of Entrust without drawing upon and utilizing information gained during employment with Entrust. Accordingly, at all times during the Employee’s employment with Entrust
and for a period of one year after termination, for any reason, of such employment, the Employee will not, directly or indirectly: 

 
(a) Engage in
any business or enterprise (whether as owner, partner, officer, director, employee, consultant, investor, lender or otherwise, except as the holder of not more than 1% of the outstanding stock of a company) that directly or indirectly competes with
Entrust’s business or the business of any of its subsidiaries anywhere in the United States, Canada or Europe, including but not limited to any business or enterprise that develops, manufacturers, markets, or sells any product or service that
competes with any product or service developed, manufactured, marketed or sold, or planned to be developed, manufactured, marketed or sold, by Entrust or any of its subsidiaries while the Employee was employed by Entrust or any of its subsidiaries;
or 
 
(b) either alone or in association with
others (i) solicit, or facilitate any organization with which the Employee is associated in soliciting, any employee of Entrust or any of its subsidiaries to leave the employ of Entrust or any of its subsidiaries; (ii) solicit for employment, hire
or engage as an independent contractor, or facilitate any organization with which the Employee is associated in soliciting for employment, hire or engagement as an independent contractor, any person who was employed with Entrust or any of its
subsidiaries at any time during the term of the Employee’s employment with Entrust or any of its subsidiaries (provided, that this clause (ii) shall not apply to any individual whose employment with Entrust or any of its subsidiaries has
been terminated for a period of one year or longer); or (iii) solicit business from or perform services for any customer, supplier, licensee or business relation of Entrust or any of its subsidiaries, induce or attempt to induce, any such entity to
cease doing business with Entrust or any of its subsidiaries, or in any way interfere with the relationship between any such entity and Entrust or any of its subsidiaries. 
 
3. Miscellaneous. 
 
(a) Extension. If the Employee violates the provisions of Sections 1 or 2, the Employee shall continue
to be bound by the restrictions set forth in Sections 1 and 2 until a period of one year has expired without any violation of such provisions. 
 
(b) Not Employment Contract. The Employee acknowledges that this Non-Competition and Non-Solicitation Agreement does not constitute
a contract of employment and, except as set forth in the accompanying Officer Retention Program agreement (to which this Agreement is ancillary), does not guarantee that the Company or any of its subsidiaries will continue his/her employment for any
period of time or otherwise change the at-will nature of his/her employment. 
 
(c) Interpretation. If any restriction set forth in Sections 1 or 2 is found by any court of competent jurisdiction to be invalid, illegal, or unenforceable, it shall be modified to the minimum
extent necessary to render the modified restriction valid, legal and enforceable. The parties intend that the non-competition and non-solicitation provisions contained in this Agreement shall be deemed to be a series of separate covenants, one for
each and every country of each and every state of the United States of America and each and every political subdivision of each and every country outside the United States of America where this provision is intended to be effective. 
 

-2- 

 
(d)
Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 
 
(e) Waiver of Rights. No delay or omission by Entrust in exercising any right under this Agreement
will operate as a waiver of that or any other right. A waiver or consent given by Entrust on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion. 
 
(f) Equitable Remedies. The restrictions contained in
this Agreement are necessary for the protection of the business and goodwill of Entrust and its subsidiaries and are considered by the Employee to be reasonable for such purpose. The Employee agrees that any breach of this Agreement is likely to
cause Entrust substantial and irrevocable damage and therefore, in the event of any such breach, the Employee agrees that Entrust, in addition to such other remedies which may be available, shall be entitled to specific performance and other
injunctive relief. 
 
(g) Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the State of Texas. Any action, suit, or other legal proceeding which is commenced to resolve any matter arising under or relating to any provision of this Agreement
shall be commenced only in a court of the State of Texas (or, if appropriate, a federal court located within Texas), and Entrust and the Employee each consents to the jurisdiction of such a court. 
 
(h) Term. This Agreement shall be effective on March 6,
2001, subject to the execution by the Employees of the Officer Retention Program and Agreement. This Agreement shall expire March 6, 2002. 
 
THE EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND AGREES TO ALL OF THE PROVISIONS IN THIS
AGREEMENT. 
 

	 	 	 	 	 ENTRUST TECHNOLOGIES INC.

	
	 Date:
	 	   March 27, 2001

	 	 	 	 By:
	 	 /s/  David L. Thompson

	
	 	 	 	 	 EMPLOYEE:

	
	 Date:
	 	   April 09/01

	 	 	 	 /s/  David L. Thompson

	 	 	 	 	 	 	     (Signature)

 
 

-3-Letter Agreement with Colin Wyatt

 
Exhibit 10.6

 
Mr. C Wyatt 
Wripley Lodge 
Carbery Lane 
Ascot, Berkshire 
SL5 7EJ 
 
6th September 2002 
 
Dear Colin 
 
As
previously discussed your employment with Entrust (Europe) Limited (“Entrust”) is due to terminate on 23rd
February 2003 (“Termination Date”). 
 
Pursuant to the
terms of the agreed form Compromise Agreement enclosed you have agreed with Entrust the settlement terms relating to the termination of your employment in accordance with your Officer Retention Agreement dated 27th March 2001. 
 
As a condition of the release of the sums due under the Officer Retention Agreement you are required to sign and return a copy of the agreed form Compromise Agreement to Entrust. 
 
Accordingly, whilst the Compromise Agreement cannot be signed in advance of
your Termination Date Entrust requires you to agree and undertake to sign the Compromise Agreement on or before the Termination Date. 
 
In consideration of you agreeing to the restrictions set out below, Entrust shall, within 7 days of the execution by you of this letter agreement and
receipt of the same by Entrust, pay to you, in accordance with paragraph 3 of the Officer Retention Program Agreement, the sum of £58,650 as on target commission/bonus. For the avoidance of doubt, in the event Entrust fails to make such
payment or is in breach of any other term of this letter or of the Compromise agreement you will not be obliged to enter into the agreed form Compromise Agreement enclosed and all your rights as an employee or to enforce those agreements will be
unaffected. 
 

	1.	 	You agree that you shall not: 

 

	1.1	 	for a period of 6 months’ from the Termination Date without the prior written consent of the Company be directly or indirectly interested or concerned (whether
as a shareholder (other than a minority shareholder), director, employee, partner, consultant, proprietor, agent or otherwise) in a Competitor in relation to the Restricted Business in the Restricted Area; 

 

	1.2	 	for a period of 6 months’ from the Termination Date for your own account or for the purposes of any business which competes directly or indirectly with the
Restricted Business, directly or indirectly, induce, solicit or entice away or endeavour to induce, solicit or entice away any Client or induce or attempt to 

 

	    	 	induce any Client to cease conducting business with the Company or any Associated Companies or to reduce the amount of business conducted with the Company or any
Associated Companies or adversely to vary the terms upon which any business conducted with the Company or any Associated Companies; 

 

	1.3	 	for a period 6 months’ from the Termination Date either for your own account or for any person, firm or company, directly or indirectly solicit or entice away
or endeavour to solicit or entice away any person who has during the period of 12 months’ proceeding the Termination Date been a director or Key Employee of the Company or any Associated Companies whether or not any such person will thereby
commit a breach of contract. 

 

	2.	 	Each of the restrictions set out in clauses 1.1 to 1.3 above constitutes an entirely separate, severable and independent restriction on you. You consider them to be
reasonable in all the circumstances and it is agreed that if any one or more of such restrictions shall, either taken by itself or themselves together, be adjudged to go beyond what is reasonable in all the circumstances for the protection of the
legitimate interests of the Company or any Associated Companies but would be adjudged reasonable if any particular restriction or restrictions were deleted or if any part or parts of the wording thereof were deleted, restricted or limited in a
particular manner then the restrictions set out, in clauses 1.1 to 1.3 inclusive shall apply with such deletions, restrictions or limitations as the case may be. 

 

	3.	 	For the purposes of the restrictions set out in clauses 1.1 to 1.3 inclusive, the following meanings shall apply: 

 

	 “Client”
	  	 means any person, firm, company or other entity which or who at any time during the 12 months’ proceeding the
Termination Date was a client or prospective client of the Company or any Associated Companies and with which or whom you had significant dealings during that period;

	
	 “Competitor”
	  	 means the companies R.S.A., Baltimore, VeriSign, Netegrity, Microsoft, Certicom, Entegrity, Arcot, Valicerr, Computer
Associates, Oblix, Access 360, Sun, AOL/ Netscape/iPlanet, Network Associates, 2Init, Tredant Technologies, and any subsidiary or holding company in respect of each named company;

 

	 “Key Employee”          

	 means any employee of or consultant to the Company (or any Associated Companies) working in a senior capacity in or, in the case
of a consultant, in relation to sales and with whom you have, during the period of 12 months’ prior to the Termination Date had significant dealings; 

 

	 “Restricted Area”        

	 means Europe, the Middle East and Africa; 

 

	 “Restricted Business” 
	 means any business carried on by the Company or any Associated Companies 

 

	 	 (a) at the Termination Date; 

 

	 		 (b) during the period of 12 months’ proceeding the Termination Date; 

 

	 	 and in relation to which during the period of 12 months proceeding the Termination Date you had been involved to a material
extent. 

 

	4.	 	For the avoidance of doubt, the restrictions contained in the employment agreement between the parties and dated 19 March 1999 no longer apply and will not be
enforced by the Company or any Associated Company. Futher, the restrictions imposed under the Officer Retention Program (including the Non-Competition and Non-Solicitation agreement dated 27th March 2001 and signed by the Employee on 6 April 2001)
shall be enforceable by the Company or any Associated Company only so far as they restrict the Employee’s activities in the United States or Canada. It is agreed between the parties that the restrictions will not be enforceable in Europe, the
Middle East or Africa. 

 
In this respect, I would be
grateful if you would kindly countersign and return a copy of this letter to me by return confirming your acceptance of the above. 
 
Yours sincerely 
 
For and on behalf of Entrust (Europe) Limited 
 
 
Simon McDougle 

	 HR Director 
	 /s/  John Madelin 

 

3 

 
I acknowledge receipt of this
letter and confirm my acceptance of its terms 
 
/s/    Colin Wyatt 

	
	 Signed and delivered as a Deed

	
	 Witness name:

	
	 Witness Address:

	
	 Witness Occupation:

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