Common use of Competition with the Company Clause in Contracts

Competition with the Company. The Executive covenants and agrees that, during the Term of this Agreement and for two (2) years after termination of the Agreement for any reason, the Executive will not, without the prior written consent of the Company or its successor, directly or indirectly (whether as a sole proprietor, partner, stockholder, director, officer, employee or in any other capacity as principal or agent), compete with the Company. Notwithstanding this restriction, the Executive will be entitled during the term of this Agreement and for the two years following termination of this Agreement for any reason, to invest in stock of competing public companies so long as his ownership is less than 5% of such company’s outstanding shares.

Appears in 3 contracts

Samples: Employment Agreement (MTS Medication Technologies, Inc /De/), Employment Agreement (MTS Medication Technologies, Inc /De/), Employment Agreement (MTS Medication Technologies, Inc /De/)

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Competition with the Company. The Executive covenants and agrees that, that during the Term of this Agreement and for two a period of six (26) years months after termination of the Agreement for any reasonthis Agreement, the Executive will shall not, without the prior written consent of the Company or its successorCompany, directly or indirectly (whether as a sole proprietor, partner, member, stockholder, director, officer, employee or in any other capacity as principal or agent), ) compete with the Company. Notwithstanding this restriction, the Executive will shall be entitled during the term of this Agreement and for the two years following termination of this Agreement for any reason, to invest in stock of other competing public companies so long as his ownership is less than 5% of such company’s 's outstanding shares.

Appears in 3 contracts

Samples: Employment Agreement (Eautoclaims, Inc), Employment Agreement (Eautoclaims, Inc), Employment Agreement (Eautoclaims, Inc)

Competition with the Company. The Executive covenants and agrees that, during the Term of this Agreement and for a period of two (2) years after termination of the Agreement for any reasonthis Agreement, the Executive will shall not, without the prior written consent of the Company or its successorCompany, directly or indirectly (whether as a sole proprietor, partner, member, stockholder, director, officer, employee or in any other capacity as principal or agent), ) compete with the Company. Notwithstanding this restriction, the Executive will shall be entitled during the term of this Agreement and for the two years following termination of this Agreement for any reason, to invest in stock of other competing public companies so long as his ownership is less than 5% of such company’s 's outstanding shares.

Appears in 2 contracts

Samples: Employment Agreement (Eautoclaims Com Inc), Employment Agreement (Eautoclaims Com Inc)

Competition with the Company. The Executive covenants and agrees that, that during the Term of this Agreement and for a period of two (2) years after termination of the Agreement for any reasonthis Agreement, the Executive will shall not, without the prior written consent of the Company or its successorCompany, directly or indirectly (whether as a sole proprietor, partner, member, stockholder, director, officer, employee or in any other capacity as principal or agent), ) compete with the Company. Notwithstanding this restriction, the Executive will shall be entitled during the term of this Agreement and for the two years following termination of this Agreement for any reason, to invest in stock of other competing public companies so long as his her ownership is less than 5% of such company’s 's outstanding shares.

Appears in 1 contract

Samples: Employment Agreement (Eautoclaims Com Inc)

Competition with the Company. The Executive covenants and agrees that, that during the Term of this Agreement and for two a period of six (26) years months after termination of the Agreement for any reasonthis Agreement, the Executive will shall not, without the prior written consent of the Company or its successorCompany, directly or indirectly (whether as a sole proprietor, partner, member, stockholder, director, officer, employee or in any other capacity as principal or agent), ) compete with the Company. Notwithstanding this restriction, the Executive will shall be entitled during the term of this Agreement and for the two years following termination of this Agreement for any reason, to invest in stock of other competing public companies so long as his ownership is less than 5% of such company’s outstanding shares.

Appears in 1 contract

Samples: Employment Agreement (Eautoclaims, Inc)

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Competition with the Company. The Executive covenants and agrees that, that during the Term of this Agreement and for two a period of twelve (212) years months after termination of the Agreement for any reasonthis Agreement, the Executive will shall not, without the prior written consent of the Company or its successorCompany, directly or indirectly (whether as a sole proprietor, partner, member, stockholder, director, officer, employee or in any other capacity as principal or agent), ) compete with the Company. Notwithstanding this restriction, the Executive will shall be entitled during the term of this Agreement and for the two years following termination of this Agreement for any reason, to invest in stock of other competing public companies so long as his ownership is less than 5% of such company’s outstanding shares.

Appears in 1 contract

Samples: Employment Agreement (Eautoclaims, Inc)

Competition with the Company. The Executive covenants and agrees that, that during the Term of this Agreement and for two a period of six (26) years months after termination of the Agreement for any reasonthis Agreement, the Executive will shall not, without the prior written consent of the Company or its successorCompany, directly or indirectly (whether as a sole proprietor, partner, member, stockholder, director, officer, employee or in any other capacity as principal or agent), ) compete with the Company. Notwithstanding this restriction, the Executive will shall be entitled during the term of this Agreement and for the two years following termination of this Agreement for any reason, to invest in stock of other competing public companies so long as his her ownership is less than 5% of such company’s 's outstanding shares.

Appears in 1 contract

Samples: Employment Agreement (Eautoclaims, Inc)

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