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| Non-Compete, Employee |
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_________________, referred to as EMPLOYEE, and _____, referred to as STATION, agree: _________________ is employed by _____ as Announcer. EMPLOYEE and STATION acknowledge that as a result of the employer/employee relationship existing that EMPLOYEE will from time to time receive, or create confidential information related to trade secrets, future promotional plans, and that such information might be useful to competitors. The parties further acknowledge that the STATION will expend substantial resources to promote Employee’s name and that such investment would be adversely affected if EMPLOYEE engaged in competition with STATION immediately after the termination of employment. Upon termination of employment by STATION, EMPLOYEE shall not accept employment in any capacity, act as proprietor, shareholder or act as an independent contractor for any broadcasting station located within a radius of ____ miles from the center of the city of license of the STATION, for a period of ____ days. The parties agree that the damages, which may be suffered by STATION upon violation of this agreement, are irreparable and intangible in nature. Therefore, the parties agree that STATION shall be entitled to injunctive relief to enforce this agreement. The parties agree that all disputes related to this agreement shall be arbitrated under the rules of the American Arbitration Association, before a single arbiter. The decision of the arbiter shall be final, and may be entered by any Court of competent jurisdiction as a final judgment. The prevailing party in any dispute related to his agreement shall be entitled to its reasonable counsel fees. This is the entire agreement between the parties, and this agreement may only be modified in writing executed by both parties. Dated: ________________________________ __________________________________________________ _________________, EMPLOYEE __________________________________________________ _________________, STATION by an authorized officer |
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