Common use of Competition Following Employment Clause in Contracts

Competition Following Employment. Employee agrees that for a period of one (1) year after the termination or cessation of his employment for Employer under Section 7(a), (c), (d) or (f) of this Agreement, he will not, directly or indirectly: (i) compete with Employer or its affiliates by engaging in the Business as defined herein; (ii) act as an officer, director, employee, consultant, equity holder, lender, advisor or agent of any person or entity which is engaged in the Business; provided, however, that this Section 6(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 (1) year after the termination or cessation of his employment for from Employer under Section 7(a7 (a), (c), (d) or (f) of this Agreement, he will not, not directly or indirectly: (i) compete with Employer or its affiliates by engaging in the Business as defined herein; (ii) act as an officer, director, employee, consultant, equity holder, lender, advisor or agent of any person or entity which is in engaged in the Business; provided, however, that this Section 6(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 two (12) year years after the termination or cessation of his employment for from Employer under Section 7(a7 (a), (c), (d) or (f) of this Agreement, he will not, not directly or indirectly: (i) compete with Employer or its affiliates by engaging in the Business as defined herein; (ii) act as an officer, director, employee, consultant, equity holder, lender, advisor or agent of any person or entity which is in engaged in the Business; provided, however, that this Section 6(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.