PRODUCERS NON-SOLICITATION AGREEMENT
THIS AGREEMENT is entered into between [XXX INSURANCE AGENCY, INC.] as 'Agency' and ________________________ as 'Producer'.
Pursuant to requirements of a pending sale of certain assets and insurance accounts of Agency to [ZZZ INSURANCE AGENCY, INC.] and this Agreement and its terms are fully assignable to [ZZZ] or any other person or entity.
For Ten Dollars ($10.00) and other good and valuable consideration, the parties agree as follows:
Producer hereby covenants and agrees during the course of this Agreement, or for a period of five (5) years after the termination or expiration of this Agreement that he will never directly or indirectly solicit or accept any insurance business of any nature from any of the insurance accounts on the books of Agency, whether or not such accounts were actually serviced by Producer.
Producer further agrees and covenants that all information concerning the insurance accounts on the books of Agency including, but not limited to, the customer lists and any expiration data is confidential information and will be treated as such. Producer agrees not to make use of any such information or reveal any customer list or other confidential records.
However, nothing herein is intended to limit Producer's right to solicit such accounts that were produced and owned by him.
The parties acknowledge the purpose of this Agreement is to coordinate with a purchase and sale agreement between Agency and [ZZZ] (Buyer) and that the parties thereto are relying on Producer's representations that he will abide by the terms of this Agreement and that he will thereby protect Buyer's investment.
It is intended that Producers employment with Agency will continue until the sale to Buyer and will be continued with Buyer [ZZZ INSURANCE AGENCY, INC.] pursuant to the mutual agreements of [ZZZ INSURANCE AGENCY, INC.] and Producer.
EXECUTED this ______ day of ________________ , 20_.
AGENCY:
BY: _____________________________
PRODUCER:
BY: _____________________________
LICENSED EMPLOYEES NON-SOLICITATION AGREEMENT
THIS AGREEMENT is entered into between [XXX INSURANCE AGENCY, INC.] as 'Agency' and __________________________________ as 'Employee'.
Pursuant to the requirements of a pending sale of certain assets and insurance accounts of Agency to [ZZZ INSURANCE AGENCY, INC.] this agreement and its terms are fully assignable to [ZZZ INSURANCE AGENCY, INC.] or any other person or entity.
For Ten Dollars ($10.00) and other good and valuable consideration, the parties agree as follows:
Employee hereby covenants and agrees during the course of this Agreement, or for a period of five (5) years after the termination or expiration of this Agreement that they will never directly or indirectly solicit or accept any insurance business of any nature from any of the insurance accounts on the books of Agency, whether or not such accounts were actually serviced by Employee.
Employee further agrees and covenants that all information concerning the insurance accounts on the books of Agency including, but not limited to, the customer lists and any expiration data is confidential information and will be treated as such. Employee agrees not to make use of any such information or reveal any customer list or other confidential records.
The parties acknowledge the purpose of this Agreement is to coordinate with a purchase and sale agreement between Agency and [ZZZ INSURANCE AGENCY, INC.] (Buyer) and that the parties thereto are relying on Employee's representations that they will abide by the terms of this Agreement and that they will thereby protect Buyer's investment.
It is intended that Employee's employment with Agency will continue until the sale to Buyer and will be continued with Buyer [ZZZ INSURANCE AGENCY, INC.] pursuant to the mutual agreements of [ZZZ INSURANCE AGENCY, INC.] and Employee.
EXECUTED this ______ day of ________________ , 20_.
AGENCY:
BY: _____________________________
PRODUCER:
BY: _____________________________