Free Non-Compete Agreement Template 39Free Non-Compete Agreement Template 39Free Non-Compete Agreement Template 39
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NON-COMPETITION AGREEMENT
This Non-Competition Agreement is made this 26th day of March
2003 by and
between Manhattan Associates ("Employer") and Neil Thall
("Employee").
WHEREAS, Employee and Employer mutually desire to terminate their
employment
relationship;
WHEREAS, Employee has agreed to waive all rights to any severance
payments
which were due to him under his employment agreement dated March
30, 1998.
NOW, THEREFORE, for good and valuable consideration, the
sufficiency of which
is hereby acknowledged, and in consideration of the mutual
promises and
covenants set forth in this Agreement, the parties agree as
follows:
1.
CONSIDERATION FOR SIGNING. In consideration for Employee
signing this
agreement, Employee shall receive $210,000.00 with proper
withholdings
for taxes, and paid in 12 equal semi-monthly installments of
$17,500.00. Further, and in consideration of such payments,
Employee
agrees to provide reasonable telephonic consulting services
to
Employer to assist in matters, w