Common use of Restrictions on Competition Clause in Contracts

Restrictions on Competition. Employee covenants and agrees that: (a) during the initial term and any renewal terms of his employment hereunder and, (b) if, but only if, this Employment Agreement is terminated by the Employee (as hereinafter defined) during the initial term, or any renewal term hereof, for a period on one (1) year after termination of his employment hereunder, he shall not, directly or indirectly, engage in any business activities within the limits of the Continental United States, the same as, or in competition with, business activities carried on by the Company during the period of the Employee's employment by the Company, or in the definitive planning stages at the time of termination of Employee's employment.

Restrictions on Competition. Employee covenants and agrees that: (a) during the initial term and any renewal terms of his his/her employment hereunder and, (b) if, if but only if, if this Employment Agreement is terminated by the Employee (as hereinafter defined) during the initial term, or any renewal term hereof, for a period on of one (1) year after termination of his his/her employment hereunder, he he/she shall not, directly or indirectly, not engage in any business activities within the limits of the Continental United States, the same as, or in competition with, with business activities carried on by the Company during the period of the Employee's employment by the Company, or in the definitive planning stages at the time of termination of Employee's employment.. The term "

Restrictions on Competition. Employee covenants and agrees that: (a) during the initial term and any renewal terms of his his/her employment hereunder and, (b) if, if but only if, if this Employment Agreement is terminated by the Employee (as hereinafter defined) during the initial termterms, or any renewal term hereof, for a period on of one (1) year after termination of his his/her employment hereunder, he he/she shall not, directly or indirectly, not engage in any business activities within the limits of the Continental United States, the same as, or in competition with, with business activities carried on by the Company during the period of the Employee's employment by the Company, or in the definitive planning stages at the time of termination of Employee's employment.. The term "