After Termination of Employment. The parties acknowledge that Employee will acquire substantial knowledge and information concerning the business of the Company and its affiliates as a result of employment. The parties further acknowledge that the scope of business in which the Company and its affiliates are engaged as of the date hereof is national and very competitive and one in which few companies can successfully compete. Competition by Employee in that business after the termination of Employee’s employment with the Company and/or its affiliates, as the case may be, would severely injure the Company and its affiliates. Accordingly, for a period of one (1) year after Employee’s termination of employment with the Company and/or its affiliates, as the case may be, for any reason whatsoever, Employee agrees: (1) not to engage in any way whatsoever, directly or indirectly, including as an employee, consultant, advisor, principal, partner or substantial shareholder, with any firm or business that directly competes with the Company or its affiliates in their principal products and markets; and (2), on behalf of any such competitive firm or business, not to solicit any person or business that was at the time of such termination and remains a customer or prospective customer, a supplier or prospective supplier, or an employee of the Company or an affiliate.
After Termination of Employment. For twelve
After Termination of Employment. If the Employee's employment with the Bank is terminated for any reason, other than death or Cause, prior to the Employee's attainment of age sixty-two, the Bank shall pay to the Employee (or the Employee's Designated Beneficiary, if the Employee dies prior to receipt of all of the Installment Payments payable under this section) 240 monthly Installment Payments equal to the quotient of (1) the product of (a) the Benefit Credit Balance (as of the first day of the Plan Year in which the Employee's employment is terminated) multiplied by (b) the Vesting Factor multiplied by (c) the Performance Ratio; (2) divided by 240. This monthly benefit will commence no later than thirty days after the Employee attains the age of sixty-five. The Vesting Factor will be determined as follows: Years of Service Vesting Factor ---------------- -------------- Up to five years of service 0% From five to nine years of service 33% From ten years to fourteen years of service 67% Fifteen years of service 100% For purposes of this Agreement, the Employee will earn one year of service for each complete Plan Year that occurs after the execution of this Agreement in which the Employee continues to provide services to the Bank on a substantially full-time basis. Upon payment of the amounts described in this subsection, the Bank shall have no further obligation under this Agreement.
After Termination of Employment. Upon termination of this ------------------------------- Agreement for any reason, Employee shall not, directly or indirectly, as principal, agent, trustee or consultant or through the agency of any corporation, partnership, association, trust or other entity or person, on Employee's own behalf or for others, within one (1) year after such termination actively solicit, divert or take away or attempt to actively solicit, divert or take away any customers, depositors or borrowers of UCB or the Bank whom Employee had served during his term of employment for the purpose of providing services which constitute the Business of UCB and the Bank (as defined above).
After Termination of Employment. Upon termination of this ------------------------------- Agreement for any reason, Employee shall not, directly or indirectly, as principal, agent, trustee or consultant or through the agency of any corporation, partnership, association, trust or other entity or person, on Employee's own behalf or for others, within two (2) years after such termination actively solicit, divert, or take away, or attempt to actively solicit, divert, or take away any customers, depositors or borrowers of CTFS, the Bank or CLC whom Employee had served during his term of employment for the purpose of providing services which constitute the Business of Bank or Business of CLC (in each case as defined above).
After Termination of Employment. Employee shall not at any time subsequent to the termination of her employment with the Company disclose, directly or indirectly, to any person, firm, corporation, partnership, association or other entity any Confidential Information.
After Termination of Employment. (1) In the event that your employment with Reebok is terminated for any reason, Reebok will have the right, in its sole discretion, to extend the duration of the Non-Competition Requirement described in Section I.A. for a period of up to one (1) year after termination by providing written notice to you within fourteen (14) days after your effective date of termination. The written notice will specify the length of time that Reebok desires to extend the Non-Competition Requirement. Except as otherwise provided in this Agreement, for the Non-Competition period specified in Reebok's written notice, Reebok will pay to you an amount equal to one-half (1/2) of your base salary as of the date of your termination in accordance with Reebok's customary pay practices in effect at the time each payment is made (which amount shall be reduced by the amount of any severance you receive from Reebok). Reebok has the option, for whatever reason, to elect to waive all or any portion of the Non-Competition period by giving you written notice of such election at least thirty (30) days in advance. In such event, Reebok shall not be obligated to pay you the benefits specified above for any period for which the Non-Competition Requirement has been waived.
(2) You agree that for a period of one (1) year following the date of termination of your employment at Reebok, you will inform Reebok, prior to the acceptance of any job or any work as an independent contractor, of the identity of any new employer or other entity to which you are providing consulting or other services, along with your starting date, title, job description and any other information which Reebok may reasonably request to confirm your compliance with the terms of this Agreement.
After Termination of Employment. For the earlier of five years after the Effective Date, or three years from and after termination of this Agreement for any reason other than a termination without cause under Section 8.4, or for a period of two years from the date of such termination without cause under Section 8.4, Executive will not:
(a) enter into or engage in any business which competes with the Company's business within the Restricted Territory (as defined in Section 6.4(c)); or
(b) solicit customers, business, patronage or orders for, or sell, any products or services in competition with, or for any business, wherever located, that competes with, the Company's business within the Restricted Territory; or
(c) divert, entice or otherwise take away any customers, business, patronage or orders of the Company within the Restricted Territory; or
(d) promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or other entity engaged in any business which competes with the Company's business within the Restricted Territory.
After Termination of Employment. For the period of one (1) year following the termination of the Term of Employment by Employer for Cause or by Employee on his own initiative (other than due to a Constructive Termination Event), Employee will not become employed in any capacity by, or become an officer, director, shareholder or general partner of, any partnership, corporation or other entity that competed with any material business of Xxxx Associates Management Enterprises, Inc. ("FAME") conducted as of April 29, 1998; provided, that this Section 10.2 shall not prevent Employee from owning no more than 5% of any class of securities of any publicly traded entity. The material businesses of FAME conducted as of April 29, 1998 shall be limited to the representation, as a sports agent in contract and marketing negotiations, of male basketball and football athletes in professional sports, and shall exclude, without limitation, such representation of (a) athletes in sports other than basketball and football and (b) female professional athletes, as well as the management, marketing and/or operation of professional sports teams, sports leagues, sports organizational committees or other sports businesses (or related consulting or other services), and the organization or the sponsorship of sports leagues.
After Termination of Employment. For a period of eighteen months (18) months after the date upon which the Term of Employment is terminated Employee will not, directly or indirectly, for his own account or for the account of others, become involved in any way, directly or indirectly, in any activity, business or pursuit which is directly competitive with the activities, businesses and pursuits of any one or more of the members of Employer's Affiliated; provided, that the covenant set forth in this Section 9.2 shall not apply in the event Employee exercises the option(s) set forth in Section 6.5(c) and 6.6 above; and provided, further, that this Section 9.2 shall be of no force and effect in the event Employer breaches its obligations set forth in Sections 6.5 and 6.6 above.
