Common use of Post-Employment Activities Clause in Contracts

Post-Employment Activities. 9.5 For a period of two (2) years after the Employee's Termination Date, except for a termination subsequent to a Change in Control of the Corporation and further except for a termination by the Employee pursuant to Section 7.5 hereof, then the Employee shall not, directly or indirectly, engage in any business competitive with that of the Corporation and its subsidiaries; provided, however, that the foregoing shall not be deemed to prevent the Employee from investing in securities which are publicly traded, so long as such investment holdings do not, in the aggregate, constitute more than 5% of any class of such company's securities.

Appears in 3 contracts

Samples: Employment Agreement (U S Liquids Inc), Employment Agreement (U S Liquids Inc), Employment Agreement (U S Liquids Inc)

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Post-Employment Activities. 9.5 9.1 For a period of two (2) years after the Employee's Termination Date, except for a termination subsequent to a Change in Control of the Corporation and further except for a termination by the Employee pursuant to Section 7.5 hereof, then the Employee shall not, directly or indirectly, engage in any business competitive with that of the Corporation and its subsidiaries; provided, however, that the foregoing shall not be deemed to prevent the Employee from investing in securities which are publicly traded, so long as such investment holdings do not, in the aggregate, constitute more than 5% of any class of such company's securities.

Appears in 2 contracts

Samples: Employment Agreement (U S Liquids Inc), Employment Agreement (U S Liquids Inc)

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Post-Employment Activities. 9.5 10.1 For a period of two (2) years after the Employee's Termination Date, except for a termination subsequent to a Change in Control of the Corporation and further except for a termination by the Employee pursuant to Section 7.5 hereofwith cause, then the Employee shall not, directly or indirectly, engage in any business competitive with that of the Corporation and its subsidiariesCorporation; provided, however, that the foregoing shall not be deemed to prevent the Employee from investing in securities which are is publicly traded, so long as such investment holdings do not, in the aggregate, constitute more than 5% of any class of such company's securities.

Appears in 1 contract

Samples: Employment Agreement (U S Liquids Inc)

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