Common use of Termination Without Cause or For Disability Clause in Contracts

Termination Without Cause or For Disability. In the event that the employment of Employee is terminated by Employer without Cause or as a result of the total disability of Employee, Employee hereby agrees that during the period that Employee accepts payments from the Employer pursuant to Section 4(a) or Section 4(c) above, as applicable, but not including medical benefits pursuant to Section 2(d), neither Employee nor any affiliate shall, either in Employee's own behalf or as a partner, officer, director, employee, agent or shareholder [other than as the holder of less that 5% of the outstanding capital stock of any corporation with a class of equity security registered under Section 12(b) or Section 12(g) of the Securities Exchange Act of 1934, as amended] engage in, invest in or render services to any person or entity engaged in the businesses in which Employer or any subsidiary of Employers is then engaged and situated within the United States of America. Nothing contained in this Section 8(b) shall be construed as restricting the Employee's right to sell or otherwise dispose of any business or investments owned or operated by Employee as of the date hereof. In the event of Employee's violation of the provisions of Section 8(b), the right of Employee to receive any further payment pursuant to Sections 4(a) or 4(c) above, as applicable, but not as to medical benefits pursuant to Section 2(d), shall immediately terminate and the Employer shall be

Termination Without Cause or For Disability. In the event that the employment of Employee is terminated by Employer without Cause or as a result of the total disability of Employee, Employee hereby agrees that during the period that Employee accepts payments from the Employer pursuant to Section 4(a) or Section 4(c) above, as applicable, but not including medical benefits pursuant to Section 2(d), neither Employee nor any affiliate shall, either in Employee's own behalf or as a partner, officer, director, employee, agent or shareholder [other than as the holder of less that 5% of the outstanding capital stock of any corporation with a class of equity security registered under Section 12(b) or Section 12(g) of the Securities Exchange Act of 1934, as amended] engage in, invest in or render services to any person or entity engaged in the businesses in which Employer or any subsidiary of Employers is then engaged and situated within the United States of America. Nothing contained in this Section 8(b) shall be construed as restricting the Employee's right to sell or otherwise dispose of any business or investments owned or operated by Employee as of the date hereof. In the event of Employee's violation of the provisions of Section 8(b), the right of Employee to receive any further payment pursuant to Sections 4(a) or 4(c) above, as applicable, but not as to medical benefits pursuant to Section 2(d), shall immediately terminate and the Employer shall bebe entitled to secure reimbursement from Employee for all payments made to Employee under Section 4(a) or 4(c) subsequent to the date of any such violation. The parties hereto hereby acknowledge and agree that the provisions of the immediately preceding sentence shall be the sole and exclusive remedy of the Employer in respect of any violation of this Section 8(b).

Termination Without Cause or For Disability. In the event that the employment of Employee is terminated by Employer without Cause or as a result of the total disability of Employee, Employee hereby agrees that during the period that Employee accepts payments from the Employer pursuant to Section 4(a) or Section 4(c) above, as applicable, but not including medical benefits pursuant to Section 2(d), neither Employee nor any affiliate shall, either in Employee's own behalf or as a partner, officer, director, employee, agent or shareholder [other than as the holder of less that 5% of the outstanding capital stock of any corporation with a class of equity security registered under Section 12(b) or Section 12(g) of the Securities Exchange Act of 1934, as amended] engage in, invest in or render services to any person or entity engaged in the businesses in which Employer or any subsidiary of Employers is then engaged and situated within the United States of America. Nothing contained in this Section 8(b) shall be construed as restricting the Employee's right to sell or otherwise dispose of any business or investments owned or operated by Employee as of the date hereof. In the event of Employee's violation of the provisions of Section 8(b), the right of Employee to receive any further payment pursuant to Sections 4(a) or 4(c) above, as applicable, but not as to medical benefits pursuant to Section 2(d), shall immediately terminate and the Employer shall beto