Common use of Employment Covenants and Agreements Clause in Contracts

Employment Covenants and Agreements. (a) Non-Competition. --------------- (1) While Employee is employed by ExecuStay or another Marriott affiliate and for a period of three (3) years following termination of employment (the "Restriction Period"), Employee will not, without the written consent of ExecuStay, in each instance directly or indirectly, carry on or participate in a business that is the same as or is similar to or in competition with a business (a "Competing Business") conducted or engaged in by ExecuStay or any of its subsidiaries (a "Company Business") within the Restricted Area (as defined below). The "Restricted Area" shall mean the geographic area that is within 100 miles of a location at which Marriott or any of its subsidiaries or affiliates is conducting or engaging in a Company Business during the Restriction Period.

Appears in 4 contracts

Samples: Stockholders Agreement (Mi Subsidiary I Inc), Stockholder Agreement (Mi Subsidiary I Inc), Stockholder Agreement (Marriott International Inc /Md/)

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