Common use of Non Competition Commitment Clause in Contracts

Non Competition Commitment. Amiram hereby covenants and agrees not to compete with VSUS (or with any current or future affiliate of VSUS), directly or indirectly, with respect to the particular business of providing business economic news and current business information to subscribers via email, instant messaging, or other method of electronic distribution, from the date hereof through December 31, 2006. For the sake of clarity, and without limitation, the current business of Amiram, being the provision of special email systems and functions to businesses and other enterprises, shall not be considered competitive with that business. In addition, competitive activity on the part of any third party, not affiliated with Amiram, whose email system is hosted by a company majority owned or controlled by Amiram, but to which Amiram has not provided substantive consulting or advice with respect to proprietary information of VSUS or any affiliate of VSUS, shall not be imputed or otherwise deemed activity of Amiram for purposes hereof. Other than the aforesaid covenant, neither Amiram nor the Amiram Employees (as defined in Section 5 hereof) shall be restricted in any way from competing with VSUS or with any affiliate of VSUS, any non-competition agreement or similar agreement between them is hereby declared to be terminated, effective immediately.