Common use of EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES Clause in Contracts

EMPLOYEE'S OBLIGATIONS OTHER THAN TO PERFORM SERVICES. 9.01. During the term of this Agreement, the Employee shall not, directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or any other individual or representative capacity, engage or participate in any business if such business is engaged in the Same Business of the Employer. For purposes of this section, Same Business of the Employer shall mean any business engaged in the sale of aviation parts or products or the facilitation thereof. Furthermore, on the termination of employment, the Employee expressly agrees not to engage or participate, directly or indirectly, in any business that is engaged in the Same Business of the Employer for a period of two (2) years (hereinafter "Non-Compete Period"). The parties agree that this restriction is reasonable and the least restrictive prohibition on the Employee's competition with the Employer that protects the Employer's interests.

Appears in 4 contracts

Samples: Employment Contract (Partsbase Com Inc), Employment Contract (Partsbase Com Inc), Employment Contract (Partsbase Com Inc)

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