Non-Competition Covenants a. The provisions of this subparagraph a. shall apply both during normal working hours and at all other times including, but not limited to, nights, weekends and vacation time, while Optionee is employed by the Company or any Subsidiary. Optionee shall not directly or indirectly (i) engage in any employment, business, or activity that is competitive with the business of the Company or any Subsidiary, (ii) assist any other person or organization in competing with, or in preparing to engage in competition with, the business of the Company or any Subsidiary. Direct competition shall include, but not be limited to, the design, development, production, promotion or sale of products, software, or services competitive with those of the Company or any Subsidiary. In addition, Optionee shall not directly or indirectly (i) engage in any employment, business, or activity that is competitive with either (A) the proposed business of the Subsidiary that employs Optionee (“Employing Subsidiary”) or (B) any proposed business of any of the Company’s other Subsidiaries (the “Non-Employing Subsidiaries”) of which Optionee has actual knowledge, or (ii) assist any other person or organization in competing with, or in preparing to engage in competition with, either (A) the proposed business of the Employing Subsidiary or (B) any proposed business of any Non-Employing Subsidiary of which Optionee has actual knowledge.
Non-Competition Covenants. The Employee agrees that he will not, during the Non-Competition Period (as hereinafter defined), directly or indirectly:
Non-Competition Covenants. The parties covenant and agree as follows:
Non-Competition Covenants. Each of the Shareholders agrees that he or she shall not, directly or indirectly, for a period of two (2) years beginning on the Closing Date, engage in, or be or become the owner of an equity interest in, or otherwise consult with, be employed by, or participate in the business of, any entity (other than Buyer or the Company) engaged in the insurance agency business within the following Louisiana parishes: Acadia, Iberia, Lafayette, Lincoln, Saint Xxxxxx, Saint Xxxxxx, or Vermilion. The Shareholders acknowledge that the confidentiality and non-solicitation covenants to be contained in any employment agreements they may enter into with Buyer will be in addition to, and will not supersede or be subordinate to, the non-competition covenants contained in this Section 6.5. Notwithstanding anything in this Section 6.5, (a) the servicing by Xxxx X. Xxxxx of any insurance or bond business of any kind for those accounts or customers of Xxxxx Xxxxxxx Insurance Agency, Inc. set forth in Schedule 3.9(a)-(2) (the "Xxxxxxx Accounts") or (b) any indirect remuneration by Xxxxxx X. Xxxxx or Xxxxxxx X. Xxxxxxx in connection with the Xxxxxxx Accounts, shall not be deemed a breach of this Section 6.5.
Non-Competition Covenants. Employee agrees that while employed hereunder he will not compete with the Company in any manner, and that after termination of his employment hereunder, he will not, directly or indirectly, individually or as a shareholder, director or officer of any corporation, a partner of any partnership, or as an employee, agent, consultant or advisor of any entity, for a period of 12 months in the event his employment is terminated by the Company pursuant to Section 7(e) above, and for a period of 24 months in the event his employment is terminated pursuant to Section 7(c) above, (a) recruit or hire any employee of the Company, or otherwise attempt to solicit or induce any employee to leave the employment of the Company; (b) solicit any client or Prospective Client (as hereinafter defined) of the Company or otherwise interfere with the business relationships between the Company, its clients, suppliers and others with whom the Company conducts its business; (c) individually or through any entity perform any services for any client or Prospective Client of the Company which are competitive in any manner with services which the Company may perform for such clients and Prospective Clients, regardless of whether or not the Company has or is now providing such services; or (d) accept employment by any client or Prospective Client of the Company. For the purposes of this Section 11, the term "Prospective Client" shall mean any person or entity with whom the Company has contacted for services to be rendered by the Company within 180 days of the earlier of the expiration of the Term or the termination of this Agreement.
Non-Competition Covenants. Throughout the Employment Term and continuing thereafter until the second anniversary of the date on which the Employee ceases to be employed by the Company for any reason whatsoever (the “Non-Compete Period”), the Employee will not:
Non-Competition Covenants. Company and Employee acknowledge and agree that the following non-competition covenants are reasonable and necessary to protect the legitimate interests of Company, Parent, and Affiliates, including, without limitation, the protection of Confidential Information and Inventions. Employee further acknowledges and agrees that such covenants are an essential part of, and consideration for, Company’s promises contained in this Agreement. Employee agrees to, and covenants to comply with, each of the following separate and divisible restrictions:
Non-Competition Covenants. (a) During the term of this Agreement and after the Executive’s termination of employment for any reason for the period of time equal to the Benefit Period that would be applicable if there was a Qualifying Termination (regardless of whether the Executive receives Severance Benefits), the Executive shall not, within the United States: (1) directly or indirectly own any equity or proprietary interest (except for ownership of shares in a publicly traded company not exceeding three percent (3%) of any class of outstanding securities) in, or be an employee, agent, director, advisor, consultant, or independent contractor of, any Competitor of the Company, whether on the Executive’s own behalf or on behalf of any person, or (2) undertake any action to induce or cause any supplier or vendor to discontinue all or any part of its business with the Company.
Non-Competition Covenants. Employee agrees to the following non-competition covenants:
Non-Competition Covenants. (a) Executive will not, during the Term and for any period during which Executive is receiving payments from the Company pursuant to this Agreement, engage in Competition (as defined herein) with the Company.
