Common use of Cessation of Benefits Clause in Contracts

Cessation of Benefits. Your Salary Continuation Period will immediately terminate, and all salary continuation payments and Company-paid Health Care Coverage will immediately cease, should you: (a) own, manage, operate, join, control or participate in the ownership, management, operation or control of, or be employed by or connected in any manner with, any enterprise which is engaged in any business directly competitive with that of the Company; PROVIDED, however, that such restriction will not apply to any passive investment representing an interest of less than two percent (2%) of an outstanding class of publicly-traded securities of any corporation or other enterprise; (b) encourage or solicit any of the Company's employees to leave the Company's employ for any reason or interfere in any other manner with employment relationships at the time existing between the Company and its employees; or (c) induce any of the Company's clients, customers, suppliers, vendors, distributors, licensors or licensees to terminate their existing business relationships with the Company or interfere in any other manner with any existing business relationship between the Company and any client, customer, supplier, vendor, distributor, licensor, licensee or other third party. PART FOUR -- MISCELLANEOUS

Cessation of Benefits. Your Salary Continuation Period will immediately terminate, and all salary continuation payments and Company-paid Health Care Coverage and Life Insurance Coverage will immediately cease, should you: (a) own, manage, operate, join, control or participate in the ownership, management, operation or control of, or be employed by or connected in any manner with, any enterprise which is engaged in any business directly competitive with or similar to that of the Company; PROVIDEDprovided, -------- however, that such restriction will not apply to any passive investment representing an interest of less than two one percent (21%) of an outstanding class of publicly-traded securities of any corporation or other enterprise; (b) encourage or solicit any of the Company's employees to leave the Company's employ for any reason or interfere in any other manner with employment relationships at the time existing between the Company and its employees; or (c) induce any of the Company's clients, customers, suppliers, vendors, distributors, licensors or licensees to terminate their existing business relationships with the Company or interfere in any other manner with any existing business relationship between the Company and any client, customer, supplier, vendor, distributor, licensor, licensee or other third party. PART FOUR -- MISCELLANEOUS.

Cessation of Benefits. Your Salary Continuation Period will immediately terminate, and all salary continuation payments and Company-paid Health Care Life Insurance Coverage will immediately cease, should you: (a) own, manage, operate, join, control or participate in the ownership, management, operation or control of, or be employed by or connected in any manner with, any enterprise which is engaged in any business directly competitive with or similar to that of the Company; PROVIDEDprovided, however, that such restriction will not apply to any passive investment representing an interest of less than two percent (2%) of an outstanding class of publicly-traded securities of any corporation or other enterprise; (b) encourage or solicit any of the Company's employees to leave the Company's employ for any reason or interfere in any other manner with employment relationships at the time existing between the Company and its employees; or (c) induce any of the Company's clients, customers, suppliers, vendors, distributors, licensors or licensees to terminate their existing business relationships with the Company or interfere in any other manner with any existing business relationship between the Company and any client, customer, supplier, vendor, distributor, licensor, licensee or other third party. PART FOUR -- MISCELLANEOUS.

Cessation of Benefits. Your Salary Continuation Period will immediately terminate, and all salary continuation payments and Company-paid Health Care Coverage and Life Insurance Coverage will immediately cease, should you: (a) own, manage, operate, join, control or participate in the ownership, management, operation or control of, or be employed by or connected in any manner with, any enterprise which is engaged in any business directly competitive with or similar to that of the Company; PROVIDEDprovided, however, that such -------- restriction will not apply to any passive investment representing an interest of less than two one percent (21%) of an outstanding class of publicly-traded securities of any corporation or other enterprise; (b) encourage or solicit any of the Company's employees to leave the Company's employ for any reason or interfere in any other manner with employment relationships at the time existing between the Company and its employees; or (c) induce any of the Company's clients, customers, suppliers, vendors, distributors, licensors or licensees to terminate their existing business relationships with the Company or interfere in any other manner with any existing business relationship between the Company and any client, customer, supplier, vendor, distributor, licensor, licensee or other third party. PART FOUR -- MISCELLANEOUS.