Payment For Non Compete Agreement Template for Hong Kong

1. Non-Solicitation Provisions: Additional restrictions on soliciting employees, customers, or suppliers - used when business relationships need specific protection

2. Tax Provisions: Specific clauses addressing tax treatment of payments - used when tax implications need clarification

3. Compliance with Industry Regulations: Industry-specific compliance requirements - used in regulated industries

4. Return of Property: Provisions regarding return of company property - used when the individual had access to physical or digital assets

5. Reporting Requirements: Obligations to report new employment or business activities - used for higher-risk situations requiring monitoring

6. Garden Leave: Provisions for paid leave period before restrictions commence - used mainly for senior executives

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and any conditions precedent

2. Schedule 2 - Restricted Territory: Detailed description or map of geographical areas covered by restrictions

3. Schedule 3 - Restricted Business Activities: Comprehensive list of specific business activities, products, or services covered by the non-compete

4. Schedule 4 - Confidential Information: Detailed categorization of confidential information covered by the agreement

5. Appendix A - Acknowledgment Form: Form for periodic acknowledgment of compliance with restrictions

6. Appendix B - Disclosure Requirements: Template for reporting new business activities or employment