Common use of Competition Following Employment Clause in Contracts

Competition Following Employment. Employee agrees that for a period of one-year after the termination or cessation of his employment for Employer for any reason whatsoever, neither he, nor any of his affiliates, will directly or indirectly: (i) compete with Employer or its affiliates in the Business; (ii) act as an officer, director, employee, consultant, shareholder, lender, or agent of any entity which is in competition with Employer; or (iii) undertake or plan for the organization of any business activity in competition with Employer and Employee will not combine or conspire with any other employees of Employer or its affiliates for the purpose of the organization of any such competitive business activity; provided, however, that this Section 5(e) shall not prohibit Employee or any of his affiliates from purchasing or holding an aggregate equity interest of up to 1% in any publicly-traded company which is in competition with Employer.

Competition Following Employment. Employee agrees that for a period of one-year after the termination or cessation of his employment for Employer for any reason whatsoever, neither heshe, nor any of his her affiliates, will directly or indirectly: (i) compete with Employer or its affiliates in the Business; (ii) act as an officer, director, employee, consultant, shareholder, lender, or agent of any entity which is in competition with Employer; or (iii) undertake or plan for the organization of any business activity in competition with Employer and Employee will not combine or conspire with any other employees of Employer or its affiliates for the purpose of the organization of any such competitive business activity; provided, however, that this Section 5(e) shall not prohibit Employee or any of his affiliates from purchasing or holding an aggregate equity interest of up to 1% in any publicly-traded company which is in competition with Employer.

Competition Following Employment. Employee agrees that for a period of one-year after the termination or cessation of his employment for Employer for any reason whatsoever, neither he, nor any of his affiliates, will directly or indirectly: (i) compete with Employer or its affiliates in the Business; (ii) act as an officer, director, employee, consultant, shareholderequityholder, lender, advisor or agent of any person or entity which is in competition with Employer; or (iii) undertake or plan for the organization of any business activity in competition with Employer Employer, and Employee will not combine or conspire with any other employees of Employer or its affiliates for the purpose of the organization of any such competitive business activity; provided, however, that this Section 5(e) shall not prohibit Employee or any of his affiliates from purchasing or holding an aggregate equity interest of up to 1% in any publicly-traded company which is in competition with Employer.

Competition Following Employment. Employee agrees that for a period of one-year after the termination or cessation of his employment for Employer for any reason whatsoever, neither he, nor any of his affiliates, will directly or indirectly: (i) compete with Employer or its affiliates in the Business; (ii) act as an officer, director, employee, consultant, shareholder, lendertender, or agent of any entity which is in competition with Employer; or (iii) undertake or plan for the organization of any business activity in competition with Employer and Employee will not combine or conspire with any other employees of Employer or its affiliates for the purpose of the organization of any such competitive business activity; provided, however, that this Section 5(e) shall not prohibit Employee or any of his affiliates from purchasing or holding an aggregate equity interest of up to 1% in any publicly-traded company which is in competition with Employer.