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This excerpt taken from the DTV 8-K filed Feb 12, 2007. Noncompetition and
Confidentiality. Each executive has agreed not to compete with
the Company during the term of his employment agreement and for 12 months
thereafter. Each executive has also
agreed, during the term of his employment and for one year thereafter, not to
induce or solicit any executive, professional or administrative employee of the
Company or its affiliates to leave such employment. Further, each executive is
required to maintain the confidentiality of certain information of the Company,
and not to use such information except for the benefit of the Company. In consideration for Mr. Hunter’s commitment
during the 12 months after termination of employment, if his employment
terminates for reasons other than good cause, death or disability, he will be
entitled to an amount equal to the sum of his base salary and target bonus at
the date of termination of employment, less applicable tax withholdings, such
payment to be made on the first anniversary of employment termination.
Copies of the employment agreements for each of Messrs. Churchill, Hunter and Pontual are attached to this report as Exhibits 10.2, 10.3 and 10.4. The description of each document in this report is qualified in its entirety by reference to the applicable document. 4 |
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