Common use of Non-Compete Agreement Clause in Contracts

Non-Compete Agreement. It is agreed that during the period beginning on the Effective Date and ending one year after the Date of Termination, regardless of whether such termination is by the action of Employee or Xxxxxxxx or by mutual agreement, Employee shall not, either for himself or on behalf of any person, firm or corporation (whether for profit or otherwise) engage in any form of competition with Xxxxxxxx, directly or indirectly, through any commercial venture, as a partner, officer, director, stockholder, advisor, employee, consultant, agent, salesman, venturer or otherwise, in the business conducted by the Operating Line of Business in the United States, Canada or any other country in which Xxxxxxxx does business. This requirement, however, will not limit Employee's right to invest in the capital stock or other equity securities of any corporation, the stock or securities of which are publicly owned or are regularly traded on any public securities exchange. In addition, notwithstanding this Section 5.1, if Employee is terminated by Xxxxxxxx without Good Cause or if Employee terminates his employment with Xxxxxxxx for Good Reason, then Employee will not be subject to the restrictions of this Section 5.1.

Non-Compete Agreement. It is agreed that during the period beginning on the Effective Date and ending one year after the Date of Termination, regardless of whether such termination is by the action of Employee or Xxxxxxxx or by mutual agreement, Employee shall not, either for himself or on behalf of any person, firm or corporation (whether for profit or otherwise) engage in any form of competition with Xxxxxxxx, directly or indirectly, through any commercial venture, as a partner, officer, director, stockholder, advisor, employee, consultant, agent, salesman, venturer or otherwise, in the business conducted by the Operating Line of Business Xxxxxxxx in the United States, Canada or any other country in which Xxxxxxxx does business. This requirement, however, will not limit Employee's right to invest in the capital stock or other equity securities of any corporation, the stock or securities of which are publicly owned or are regularly traded on any public securities exchange. In addition, notwithstanding this Section 5.1, if Employee is terminated by Xxxxxxxx without Good Cause or if Employee terminates his employment with Xxxxxxxx for Good Reason, then Employee will not be subject to the restrictions of this Section 5.1.

Non-Compete Agreement. It is agreed that during the period beginning on the Effective Date and ending one year after the Date of Termination, regardless of whether such termination is by the action of Employee or Xxxxxxxx or by mutual agreement, Employee shall not, either for himself or on behalf of any person, firm or corporation (whether for profit or otherwise) engage in any form of competition with Xxxxxxxx, directly or indirectly, through any commercial venture, as a partner, officer, director, stockholder, advisor, employee, consultant, agent, salesman, venturer or otherwise, in the business conducted by the of any Operating Line of Business in the United States, Canada or any other country in which Xxxxxxxx does business. This requirement, however, will not limit Employee's right to invest in the capital stock or other equity securities of any corporation, the stock or securities of which are publicly owned or are regularly traded on any public securities exchange. In addition, notwithstanding this Section 5.14.1, if Employee is terminated by Xxxxxxxx without Good Cause or if Employee terminates his employment with Xxxxxxxx for Good Reason, and the termination is in connection with a Triggering Transaction, then Employee will not be subject to the restrictions of this Section 5.14.1.

Non-Compete Agreement. It is agreed that during the period beginning on the Effective Date and ending one year after the Date of Termination, regardless of whether such termination is by the action of Employee or Xxxxxxxx or by mutual agreement, Employee shall not, either for himself or on behalf of any person, firm or corporation (whether for profit or otherwise) engage in any form of competition with Xxxxxxxx, directly or indirectly, through any commercial venture, as a partner, officer, director, stockholder, advisor, employee, consultant, agent, salesman, venturer or otherwise, in the business conducted by the Operating Line of Business Xxxxxxxx in the United States, Canada or any other country in which Xxxxxxxx does business. This requirement, however, will not limit Employee's right to invest in the capital stock or other equity securities of any corporation, the stock or securities of which are publicly owned or are regularly traded on any public securities exchange. In addition, notwithstanding this Section 5.1, if Employee is terminated by Xxxxxxxx without Good Cause or if Employee terminates his employment with Xxxxxxxx for Good Reason, then Employee will not be subject to the restrictions of this Section 5.1.