Common use of General Covenant Clause in Contracts

General Covenant. During the Employment Period and for a period ---------------- of one year after the termination of this Agreement (the "Non-Compete Period"), ------------------ except in pursuit of his services as an officer and employee of the Company, Executive shall not, either individually or as a partner, joint venturer, consultant, shareholder, member or Representative (as defined below) of another Person (as defined below) or otherwise, directly or indirectly, participate in, engage in, or have a financial or management interest in, promote, or assist any other Person in any business operation or any enterprise if such business operation or enterprise engages, or would engage, in a Restricted Business in a Restricted Area; provided, however, -------- ------- the Executive may own up to one percent of the outstanding equity securities of any Person.

Appears in 1 contract

Samples: Employment Agreement (Us Audiotex Corp)

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General Covenant. During the Employment Period and for a period of ---------------- of one year after the termination of this Agreement pursuant to Sections 8.3, 8.4, or 8.5.1 (the "Non-Compete Period"), ------------------ except in pursuit of his services as an ------------------ officer and employee of the Company, Executive shall not, either individually or as a partner, joint venturer, consultant, shareholder, member or Representative (as defined below) of another Person (as defined below) or otherwise, directly or indirectly, participate in, engage in, or have a financial or management interest in, promote, or assist any other Person in any business operation or any enterprise if such business operation or enterprise engages, or would engage, in a Restricted Business in a Restricted Area; provided, -------- however, -------- ------- the Executive may own up to one percent of the outstanding ------- equity securities of any Person.

Appears in 1 contract

Samples: Employment Agreement (Official Payments Corp)

General Covenant. During the Employment Period and for a period ---------------- of one year after the termination of this Agreement pursuant to Sections 8.3, 8.4, or 8.5.1 (the "Non-Compete Period"), ------------------ except in pursuit of his services as ------------------ an officer and employee of the Company, Executive shall not, either individually or as a partner, joint venturer, consultant, shareholder, member or Representative (as defined below) of another Person (as defined below) or otherwise, directly or indirectly, participate in, engage in, or have a financial or management interest in, promote, or assist any other Person in any business operation or any enterprise if such business operation or enterprise engages, or would engage, in a Restricted Business in a Restricted Area; provided, however, -------- ------- the Executive may own up to one percent of the outstanding -------- ------- equity securities of any Person.

Appears in 1 contract

Samples: Employment Agreement (Imperial Bancorp)

General Covenant. During the Employment Period and for a period of ---------------- of one year after the termination of this Agreement pursuant to Sections 8.3, 8.4, or 8.5.1 (the "Non-Compete Period"), ------------------ except in pursuit of his services as an ------------------ officer and employee of the Company, Executive shall not, either individually or as a partner, joint venturer, consultant, shareholder, member or Representative (as defined below) of another Person (as defined below) or otherwise, directly or indirectly, participate in, engage in, or have a financial or management interest in, promote, or assist any other Person in any business operation or any enterprise if such business operation or enterprise engages, or would engage, in a Restricted Business in a Restricted Area; provided, --------- however, -------- ------- the Executive may own up to one percent of the outstanding equity ------- securities of any Person.

Appears in 1 contract

Samples: Employment Agreement (Official Payments Corp)

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General Covenant. During the Employment Period and for a period of ---------------- of one year after the termination of this Agreement pursuant to Sections 8.3, 8.4, or 8.5.1 (the "Non-Compete Period"), ------------------ except in pursuit of his services as an ------------------ officer and employee of the Company, Executive shall not, either individually or as a partner, joint venturer, consultant, shareholder, member or Representative (as defined below) of another Person (as defined below) or otherwise, directly or indirectly, participate in, engage in, or have a financial or management interest in, promote, or assist any other Person in any business operation or any enterprise if such business operation or enterprise engages, or would engage, in a Restricted Business in a Restricted Area; provided, -------- however, -------- ------- the Executive may own up to one percent of the outstanding equity ------- securities of any Person.

Appears in 1 contract

Samples: Employment Agreement (Official Payments Corp)

General Covenant. During the Employment Period and for a period ---------------- of one year after the termination of this Agreement pursuant to Sections 8.3, 8.4 or 8.5.1 (the "Non-Compete Period"), ------------------ except in pursuit of his services as an ------------------ officer and employee of the Company, Executive shall not, either individually or as a partner, joint venturer, consultant, shareholder, member or Representative (as defined below) of another Person (as defined below) or otherwise, directly or indirectly, participate in, engage in, or have a financial or management interest in, promote, or assist any other Person in any business operation or any enterprise if such business operation or enterprise engages, or would engage, in a Restricted Business in a Restricted Area; provided, however, the -------- ------- the Executive may own up to one percent of the outstanding equity securities of any Person.

Appears in 1 contract

Samples: Employment Agreement (Us Audiotex Corp)

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