PETITION AGREEMENT
THIS AGREEMENT is made by and between each of _________________, ______________ and _____________ (each, a “Key Stockholder” and collectively, the “Key Stockholders”) and _________________, a ________________ corporation (the “Purchaser”).
WHEREAS, pursuant to that certain Agreement between __________________, (the “Company”), Purchaser and the Key Stockholders dated ____________ (the “Agreement”), the Key Stockholders agreed to enter into a petition Agreement as a condition to Purchaser’s obligations under the Agreement; and
AGREEMENTS
NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the Purchaser and the Key Stockholders agree as follows:
Restrictive Covenant.
petition. Each Key Stockholder agrees for a period of ________ (__) years following the date hereof (the “pete Period”) that he shall not directly or indirectly, either individually or with others, engage or have any interest, as an owner, employee, representative, agent, consultant or otherwise, in any business which is similar to the business conducted by pany. These covenants shall be deemed separate covenants for each and every state, country and any other governmental entity covered by the pete obligation and in the event the covenant for one or more such jurisdictions is determined to be unenforceable the remaining covenants shall continue to be effe
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