Common use of Post-Employment Activities Clause in Contracts

Post-Employment Activities. 7.1 For a period of one (1) year after the termination or expiration of your employment, for cause or if you terminated the employment with the Company hereunder (the "Non-Competition Period"), absent the Board of Directors' prior written approval, you will not directly or indirectly engage in activities similar to those described in Section 4.2, nor render services similar or reasonably related to those which you shall have rendered hereunder to, any person or entity whether now existing or hereafter established which directly competes with (or proposes or plans to directly compete with) the Company ("Direct Competitor") in the same or similar business. Nor shall you (i) entice, induce or encourage any of the Company's other employees to engage in any activity which, were it done by you, would violate any provision of the Proprietary Information and Inventions Agreement or this Section 7, or (ii) directly or indirectly solicit or accept business or orders from customers of the Company (including end users whom the Company's products or services are sold through distributors, licensees and the like) for any business which is similar to or competitive with the business of the Company as then being conducted. As used in this Agreement, the term "any line of business engaged in or under demonstrable development by the Company" shall be applied as at the date of termination of your employment, or, if later, as at the date of termination of any post-employment consultation.

Appears in 3 contracts

Samples: Key Employee Agreement (Palomar Medical Technologies Inc), Key Employee Agreement (Palomar Medical Technologies Inc), Key Employee Agreement (Palomar Medical Technologies Inc)

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Post-Employment Activities. 7.1 6.1 For a period of one (1) year after the termination or expiration of your employment, for cause Cause or if you terminated the employment with the Company hereunder (the "Non-Competition Period"), absent the Board of Directors' prior written approval, you will not directly or indirectly engage in activities similar to those described in Section 4.2, nor render services similar or reasonably related to those which you shall have rendered hereunder to, any person or entity whether now existing or hereafter established which directly competes with (or proposes or plans to directly compete with) the Company ("Direct Competitor") in the same or similar business. Nor shall you (i) entice, induce or encourage any of the Company's other employees to engage in any activity which, were it done by you, would violate any provision of the Proprietary Information and Inventions Agreement or this Section 76, or (ii) directly or indirectly solicit or accept business or orders from customers of the Company (including end users whom the Company's products or services are sold through distributors, licensees and the like) for any business which is similar to or competitive with the business of the Company as then being conducted. As used in this Agreement, the term "any line of business engaged in or under demonstrable development by the Company" shall be applied as at the date of termination of your employment, or, if later, as at the date of termination of any post-employment consultation.

Appears in 1 contract

Samples: Employment Agreement (Palomar Medical Technologies Inc)

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Post-Employment Activities. 7.1 For a period of one (1) year after the termination or expiration of your employment, for cause or if you terminated the employment with the Company hereunder (the "Non-Competition Period"), absent the Board of Directors' prior written approval, you will not directly or indirectly engage in activities similar to those described in Section 4.2, nor render services similar or reasonably related to those which you shall have rendered hereunder to, any person or entity whether now existing or hereafter established which directly competes with (or proposes or plans to directly compete with) the Company ("Direct Competitor") in the same or similar business. Nor shall you (i) entice, induce or encourage any of the Company's other employees to engage in any activity which, were it done by you, would violate any provision of the Proprietary Information and Inventions Agreement or this Section 7, or (ii) directly or indirectly solicit or accept business or orders from customers of the Company (including end users whom the Company's products or services are sold through distributors, licensees and the like) for any business which is similar to or competitive with the business of the Company as then being conducted. As used in this Agreement, the term "any line of business engaged in or under 313 demonstrable development by the Company" shall be applied as at the date of termination of your employment, or, if later, as at the date of termination of any post-employment consultation.

Appears in 1 contract

Samples: Key Employee Agreement (Palomar Medical Technologies Inc)

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