Definition of Post-Termination Restricted Period


Post-Termination Restricted Period shall mean the period commencing on the date of the termination of the Employment Period for any reason and ending on the twelve (12) month anniversary of such date of termination.

Examples of Post-Termination Restricted Period in a sentence

During the Employment Period and the Post-Termination Restricted Period, I shall not, directly or indirectly for my own account or for the account of any other individual or entity, engage in Interfering Activities.
As used herein, the term "Restricted Period" means: (i) any time during the Contract Term and (ii) for a period of one (1) year following the termination of this Agreement and the Executive's association with the Company (the "Post-Termination Restricted Period"); provided, however, that solely for purposes of Section 4(a), the Post-Termination Restricted Period shall only be in effect if the Executive terminates this Agreement and/or his association with the Company other than for Good Reason.
Notwithstanding any other provision to the contrary, I acknowledge and agree that the Post-Termination Restricted Period shall be tolled during any period of violation of any of the covenants in Section 5 hereof and during any other period required for litigation during which the Company or any other member of the Company Group seeks to enforce such covenants against me if it is ultimately determined that I was in breach of such covenants.
The Post-Termination Restricted Period for the Undersigned shall commence on the Termination Date and shall expire upon the later of (i) the second anniversary of the date of the Combination Transaction and (ii) the eighteen month anniversary of the Termination Date.
However, during the Post-Termination Restricted Period, in the event the Executive of any Executive Affiliate receives a Business Opportunity, then Executive will (and will cause each applicable Executive Affiliate to) first offer to the Company in writing (the "Offer") the opportunity to acquire and/or invest in the Business Opportunity prior to directly and/or indirectly proceeding with such opportunity for the account of the Executive or any Executive Affiliate.