Free Non-Compete Agreement Template 08Free Non-Compete Agreement Template 08Free Non-Compete Agreement Template 08
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POST-TERMINATION AGREEMENT
AND COVENANT NOT TO COMPETE
This Post-Termination Agreement and Covenant Not to Compete (this "Agreement") is entered into
as of
,
by and between Wal-Mart Stores, Inc., its subsidiaries and affiliates (collectively,
"Walmart") and
("Associate").
RECITALS
WHEREAS, Walmart proposes that Associate: (a) be permitted to continue Associate's at will
employment with Walmart; and (b) receive a restricted stock award of $
of Walmart shares of
common stock (the "Restricted Stock Award"); and
WHEREAS, as consideration for and as a condition of: (a) Associate continuing Associate's at will
employment with Walmart; and (b) receiving the Restricted Stock Award (collectively, the "Special
Items"), Associate is required to execute and deliver this Agreement to Walmart; and
WHEREAS, the parties agree that this Agreement shall supersede and replace in its entirety the
Restricted Stock Grant, Post-Termination Agreement and Covenant Not to Compete between the
Associate and Walma