Common use of Limitations on Post-Termination Competition Clause in Contracts

Limitations on Post-Termination Competition. Executive hereby covenants and agrees that at no time during Executive's employment with Company and for a period of one year immediately following termination of Executive's employment with Company, whether voluntary or involuntary, Executive shall not perform Services within the Territory for any Person providing or offering goods or services identical to or reasonably substitutable for Company's Business. Executive acknowledges that (i) this covenant has unique, substantial, and immeasurable value to Company, (ii) this covenant is reasonably limited in scope and geography to protect Company's legitimate business interests, including its property, confidential information and relationships, good will, economic advantage, and customer relationships; (iii) the agreements, covenants and undertakings of Executive set forth in this Agreement will not preclude Executive from becoming gainfully employed following termination of employment with Company; and (iv) the services Executive intends and is expected to provide are special and unique.