Common use of Noncompetition Covenant Clause in Contracts

Noncompetition Covenant. (a) Because Executive's services to the Employer are essential and because Executive has access to the Employer's confidential information, Executive covenants and agrees that (i) during the Employment Period and (ii) in the event that this Agreement is terminated by the Employer for Good Reason or by Executive other than pursuant to Section 7(b) hereof, during the Noncompetition Period Executive will not, without the prior written consent of the Board of Directors of the Employer which shall include the unanimous consent of the Directors who are not officers of the Employer, directly or indirectly:

Noncompetition Covenant. (a) Because Executive's services to the Employer Company are essential and because Executive has access to the EmployerCompany's confidential information, Executive covenants and agrees that (i) during the Employment Period and (ii) in the event that this Agreement is terminated by the Employer Company for Good Reason Cause or by Executive other than pursuant to Section 7(b) hereoffor Good Reason, during the Noncompetition Period Period, Executive will not, without the prior written consent of the Board of Directors of the Employer Company which shall include the unanimous consent of the Directors who are not officers of the EmployerCompany, directly or indirectly: