Common use of After Termination of Employment Clause in Contracts

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.