Common use of Restrictions on Competition Clause in Contracts

Restrictions on Competition. During the term of this Agreement and for a period of two years after termination of Employee's employment with the Corporation, for any reason, Employee shall not directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage or participate in any business that is (i) in competition in any manner whatsoever with the business of the Corporation within 100 miles of any store operated by the Corporation or its affiliates at the time of Employee's termination; or (ii) the owner or operator of a retail business similar to that of the Corporation within 100 miles of any store operated by the Corporation or its affiliates at the time of Employee's termination.

Appears in 4 contracts

Samples: Employment Agreement (Rex Stores Corp), Employment Agreement (Rex Stores Corp), Employment Agreement (Rex Stores Corp)

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Restrictions on Competition. During the term of this Agreement and for a period of two years after termination termination, for any reason, of Employee's employment with the Corporation, for any reason, Employee shall not directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage or participate in any business that is (i) in competition in any manner whatsoever with the business of the Corporation Cor- poration within 100 miles of any store operated by the Corporation or its affiliates subsidiaries at the time of Employee's termination; or (ii) the owner or operator of a retail business similar to that of the Corporation within 100 miles of any store operated by the Corporation Corpo- ration or its affiliates subsidiaries at the time of Employee's termination.

Appears in 2 contracts

Samples: Employment Agreement (Rex Stores Corp), Employment Agreement (Rex Stores Corp)

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Restrictions on Competition. During the term of this Agreement and for a period of two years after termination of Employee's employment with the Corporation, for any reason, Employee shall not directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage or participate in any business that is (i) in competition in any manner whatsoever with the business of the Corporation within 100 one hundred (100) miles of any store operated by the Corporation or its affiliates at the time of Employee's termination; or (ii) termination nor shall Employee be the owner or operator of a retail business similar to that of the Corporation within 100 one hundred (100) miles of any store operated by the Corporation or its affiliates at the time of Employee's termination.

Appears in 1 contract

Samples: Employment Agreement (Rex Stores Corp)

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