Common use of During the Term of Employment Clause in Contracts

During the Term of Employment. During the term of his employment under this Agreement, Officer shall not directly or indirectly, as an owner, partner, shareholder, employee, consultant, or in any similar manner, engage in any activity competitive with or adverse to the business in which the Corporation is engaged at the time. Notwithstanding the foregoing, Officer shall be free, without the Corporation's consent, to purchase or hold as an investment or otherwise, up to one percent of the outstanding stock or other securities of any corporation which has its securities publicly traded on any recognized securities exchange or in the over-the-counter market or, one percent of the stock or other securities of any privately held corporation that might be in competition with the corporation.

During the Term of Employment. During the term of his employment under this Agreement, Officer shall not directly or indirectly, as an owner, partner, shareholder, employee, consultant, or in any similar manner, engage in any activity competitive with or adverse to the business in which the Corporation is engaged at the time. Notwithstanding the foregoing, Officer shall be free, without the Corporation's ’s consent, to purchase or hold as an investment or otherwise, up to one percent of the outstanding stock or other securities of any corporation which has its securities publicly traded on any recognized securities exchange or in the over-the-counter market or, one percent of the stock or other securities of any privately held corporation that might be in competition with the corporation.

During the Term of Employment. During the term of his employment under this Agreement, Officer shall not directly or indirectly, as an owner, partner, shareholder, employee, consultant, or in any similar manner, engage in any activity competitive with or adverse to the business in which the Corporation is engaged at the time. Notwithstanding the foregoing, Officer Office shall be free, without the Corporation's ’s consent, to purchase or hold as an investment or otherwise, up to one percent of the outstanding stock or other securities of any corporation which has its securities publicly traded on any recognized securities exchange or in the over-the-counter market or, one percent of the stock or other securities of any privately held corporation that might be in competition with the corporation.