Common use of Non-Competition Covenant Clause in Contracts

Non-Competition Covenant. The Executive hereby covenants and agrees that he will not serve as an officer of or perform any equivalent functions for any other audio book company during the term of his employment under this Agreement. Nothing in the immediately preceding sentence is intended to be construed as otherwise preventing the Executive from (i) engaging in other business activities, (ii) holding positions in charitable organizations, (iii) purchasing, holding or owning interests in other entities and/or serving as a director and/or officer of other corporations, or serving as a manager of limited liability companies or a general partner of partnerships, or (iv) having any other interest in other businesses. In addition, during the term of this Agreement and for a period of two (2) years immediately following the termination of his employment, whether said termination is occasioned by the Company, the Executive or a mutual agreement of the parties, the Executive shall not, for himself or on behalf of any other person, persons, firm, partnership, corporation or company, engage or participate in any activities which are in direct conflict with the interests of the Company or solicit or attempt to solicit the business or patronage of any person, firm, corporation, company or partnership, which had previously been a customer of the Company, for the purpose of selling products and services similar to those provided by the Company.