Common use of Against Competition Clause in Contracts

Against Competition. Employee agrees that during the Covenant Period, Employee shall not, directly or indirectly, either individually or on behalf of any Competing Entity: (i) compete with the Company or engage in any aspect of the Company's Business anywhere within the Territory; (ii) undertake to plan or organize any Competing Entity within the Territory, nor shall Employee consult or discuss the possibility of employment or other relationship with any Competing Entity within the Territory (notwithstanding anything else contained herein to the contrary, during the last six months of the Covenant Period, the Employee may plan, but not take action, for his post Covenant Period activities); and/or (iii) become associated or connected in any way with, participate in, be employed by, render services to, or consult with, any Competing Entity within the Territory.

Appears in 2 contracts

Sources: Employment Agreement (Celtic Investment Inc), Employment Agreement (Celtic Investment Inc)