Common use of After Term Clause in Contracts

After Term. The parties acknowledge that ▇▇▇▇▇ will acquire substantial knowledge and information concerning the business of the Company and its affiliates as a result of his services. The parties further acknowledge that the scope of business in which the Company and its affiliates are engaged as of the Effective Date is national and very competitive and one in which few companies can successfully compete. Competition by ▇▇▇▇▇ in that business after the Term would severely injure the Company and its affiliates. Accordingly, for a period of one (1) year after ▇▇▇▇▇’▇ services terminates for any reason whatsoever, except as otherwise stated herein below, ▇▇▇▇▇ agrees: (i) not to become an employee, consultant, advisor, principal, partner or substantial shareholder of any firm or business that directly competes with the Company or its affiliates in their principal products and markets; and (ii), on behalf of any such competitive firm or business, not to solicit any person or business that was at the time of such termination and remains a customer or prospective customer, a supplier or prospective supplier, or an employee of the Company or an affiliate.