Consultant and Consultant's. Representative acknowledge and understand that, in view of the nature of Consultant's engagement by the Company, Consultant's and Consultant's Representative's relationship with the Company will afford Consultant and its employees and agents (including, without limitation, the Consultant's Representative) extensive access to Confidential Information of the Company. Consultant and Consultant's Representative therefore agree that during the Restricted Period (as defined below), neither Consultant nor Consultant's Representative shall, anywhere in the world, either directly or indirectly, as an owner, stockholder, member, partner, joint venturer, officer, director, consultant, independent contractor, agent, or employee, with or without remuneration, engage in any business or other commercial activity that is engaged in or is seeking to engage in the business of (i) designing, developing and/or commercializing electrotherapeutic technologies or (ii) designing, developing, marketing, selling, distributing and/or providing any products or services that are of the same nature as a product or service provided by the Company or a product or service which the Company is developing or seeking to provide and of which the Consultant or Consultant's Representative has knowledge. Notwithstanding the foregoing, nothing herein shall be deemed to prohibit Consultant's or any Consultant's Representative's ownership of less than 5% of the outstanding shares of any publicly traded corporation that conducts a competitive business. As used in this Agreement, "Restricted Period" means during the course of Consultant's engagement by the Company and a period following the termination of Consultant's engagement by the Company (for any reason or no reason and regardless of which Party initiated the termination) equal to the longer of (i) eighteen (18) months, and (ii) the period, if any, following termination of Consultant's engagement by the Company during which the Company continues to pay Consultant the Monthly Consulting Fees in accordance with the terms of Section 9 above.
Consultant and Consultant's. REPRESENTATIVE TO CONSIDER AND SEEK ADVICE ON LEVELS AND LIMITS OF INSURANCES FROM THE CONSULTANT'S INSURANCE BROKER. WHERE AN INSURANCE IS NOT REQUIRED, OR THE RELEVANT PARTICULAR DOES NOT APPLY, INSERT "Not Applicable". APPROPRIATE ADVICE SHOULD BE SOUGHT WHERE THERE ARE QUESTIONS AS TO WHICH OF THE INSURANCES SPECIFIED BELOW ARE REQUIRED FOR A SPECIFIC PROJECT.] Public Liability Insurance If written on an occurrence basis: Amount of Cover: $ for each and every occurrence for public liability claims If written on a claims made basis: Amount of Cover: $ per claim and $ in the aggregate Workers Compensation Insurance Amount of Cover: Amount of Cover prescribed by Statutory Requirement in the State or Territory in which the Subcontract Services are performed or the Subconsultant’s employees perform work, are employed or normally reside.
