This is a form of Employee Agreement. You should review Chapter 3 before using it, and you may wish to seek advice of your own legal counsel because employment law has significant state-by-state variations.
This form includes both non-competition provisions and restraints on solicitation of other employees or customers.
As noted in Chapter 3, some states require, as a condition of enforcing such restraints, that the employer make a payment to the employee in cash (or something else of value) as “consideration” for the restraint, particularly if the agreement is signed after employment begins.
If you are a California employer, you should know that California prohibits most non-competition restraints. ...