Common use of Competition After Termination of Employment Clause in Contracts

Competition After Termination of Employment. No benefits shall be payable if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of the Executive's retirement or Termination of Employment. This section shall not apply following a Change of Control.

Competition After Termination of Employment. No benefits shall be payable if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the CompanyCompany within 2 years of Termination of Employment, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement ’s employment or Termination of Employmenthis retirement. This section shall not apply following a Change of in Control.

Competition After Termination of Employment. No benefits shall be payable if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement employment or Termination of Employmenthis retirement. This section shall not apply following a Change of Control.

Competition After Termination of Employment. No benefits shall be payable payable, except for benefits paid due to a Change of Control, if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 25 mile radius) of the business of the Company, Company which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement ’s employment or Termination of Employment. This section shall not apply following a Change of Controlhis retirement.

Competition After Termination of Employment. No benefits shall be payable if the ExecutiveParticipant, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) radius of the business main office of the CompanyCompany at the corner of King and Penn Streets), which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the ExecutiveParticipant's retirement employment or Termination of Employmenthis retirement. This section shall not apply following a Change of Control.

Competition After Termination of Employment. No benefits shall be payable payable, except for benefits paid due to a Change of Control, if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, Company which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement employment or Termination of Employment. This section shall not apply following a Change of Controlhis retirement.

Competition After Termination of Employment. No benefits shall be payable payable, except for benefits paid due to a Change of Control, if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 fifty (50) mile radius) of the business of the Company, Company which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement employment or Termination of Employment. This section shall not apply following a Change of Controlhis retirement.

Competition After Termination of Employment. No benefits shall be payable if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a 5 substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement employment or Termination of Employmenthis retirement. This section shall not apply following a Change of Control.

Competition After Termination of Employment. No benefits shall be payable payable, except for benefits paid due to a Change of Control, if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, Company which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement ’s employment or Termination of Employment. This section shall not apply following a Change of Controlhis retirement.

Competition After Termination of Employment. No benefits The Company shall be payable not pay any benefit under this Agreement if the Executive, without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoevertrustee, any enterprise conducted in the trading area (within a 50 mile radius) radius of the business location of any facility from which the CompanyCompany conducts its business, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive's retirement employment or Termination of Employmentretirement. This section shall not apply following a Change of Control.