SEC Contract Filing

Filing Date: 2018-02-09

Document Content:
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<TYPE>EX-10.40
<SEQUENCE>3
<FILENAME>exhibit1040-nonxcompetejon.htm
<DESCRIPTION>EXHIBIT 10.40
<TEXT>
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<div><a name="s86968b00c0344a34a34c98b0aef9dcec"></a></div><div><div style="line-height:120%;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Exhibit 10.40</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">NON-COMPETITION, NON-SOLICITATION, CONFIDENTIALITY </font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">AND ARBITRATION AGREEMENT</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Republic Services, Inc. (&#8220;Company&#8221;) and Jon Vander Ark, Employee ID No. 719051583 (&#8220;Executive&#8221;) enter into this Non-Competition, Non-Solicitation, Confidentiality and Arbitration Agreement (&#8220;Agreement&#8221;), effective January 1, 2018 (&#8220;Effective Date&#8221;). Company and Executive are collectively referred to as the &#8220;Parties&#8221; in this Agreement. The Parties agree as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">1.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Consideration Executive Will Receive Under This Agreement.</font><font style="font-family:inherit;font-size:9pt;">&#32;&#32;The Parties recognize that in order for Executive to perform duties on behalf of Company, Executive needs to manage, use or otherwise have access to Confidential Information (as defined below). Accordingly, Company agrees to provide Executive with access to Confidential Information, subject to the terms and conditions of this Agreement. Executive agrees that, in exchange for Company providing Executive with access to Confidential Information, Executive&#8217;s eligibility to participate in Company&#8217;s Executive Separation Policy or any successor or similar policy maintained by Company for the benefit of similarly situated employees, and Company&#8217;s agreement to employ Executive on an at-will basis, Executive accepts all of the terms and conditions contained in this Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:9pt;font-weight:bold;">General Duties.</font><font style="font-family:inherit;font-size:9pt;">&#32;&#32;Executive will be entrusted with significant responsibility for managing aspects of Company&#8217;s business. Executive also acknowledges that, due to the confidential nature of Executive&#8217;s job responsibilities, Executive will be entrusted with significant responsibility for managing, using and otherwise handling Confidential Information (as defined below). Accordingly, Executive owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of Company and to refrain from doing or saying anything to a third party or subordinate that injures Company.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">3.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Confidentiality Obligations.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:9pt;">For purposes of this Agreement, &#8220;Confidential Information&#8221; means Company&#8217;s non-public, confidential, and/or proprietary information which includes, but is not limited to: information that would qualify as a trade secret; customer lists and agreements; customer service information; names of customer contacts and the identities of decision-makers; marketing plans; development plans; formulas; price data; cost data; price and fee amounts; pricing and billing policies; quoting procedures; marketing techniques; forecasts and forecast assumptions and volumes; information regarding Company&#8217;s actual or potential customers, suppliers or other vendors; information about Company&#8217;s routes, territories or target markets; Company&#8217;s internal personnel and financial in