Nondisclosure and Noncompetition Agreement by OCrSjyK3


									                             Nondisclosure and Noncompetition Agreement

 (a) At all times while this agreement is in force and after its expiration or termination,
 _______________________ agrees to refrain from disclosing Unified Captive Insurance
 Company’s customer lists, trade secrets, or other confidential material.

 _______________________ further agrees to take reasonable security measures to prevent
 accidental disclosure and business espionage.

 While this agreement is in force, the Referral Agent agrees to use [his/her] best efforts to refer
 business and to abide by the Nondisclosure and Noncompetition terms of this agreement; UCIC
 agrees to compensate the Referral Agent as described on their Referral Agent Agreement.

 After signing below and the Referral Agent Agreement the Referral Agent agrees to not compete or
 disclose for the time period described below. The Referral Agent further agrees not to compete
 with UCIC within North America or any Caribbean island nation during the prescribed time period
 expressed below. This prohibition will not apply if this agreement is terminated because UCIC fails
 to compensate the Referral Agent for any fees owed to the Referral Agent.

 (b) Competition means you or any business associate that you benefit from, developing, working
 or being compensated by a business of the following type: Insurance or Captive Company that is
 selling or developing excess medical malpractice or professional liability insurance program or
 policy in a captive arrangement.

 The Referral Agent agrees to pay liquidated damages in the amount of not less than $500,000 plus
 legal expenses for each violation of the covenant not to compete contained in subparagraph (b) of
 this document.

 Time Period: 5 years after signing this agreement and 2 years after the last referral fee is paid to
 the Referral Agent. Once these two time periods are satisfied this agreement is satisfied.

 IN WITNESS WHEREOF, Unified Captive Insurance Company and Referral Agent have signed
 this agreement.

                                                                       Referral Agent Signature

Unified Captive Insurance Company, Principle Signature
                                                                              Print Name


To top