No Breach for Activities Deemed Not Competitive. It is further agreed that, in the event that Executive shall cease to be employed by the Company and enter into a business or pursue other activities that, at such time, are not in competition with the Company or any of its Affiliates, Executive shall not be chargeable with a violation of this Section 5 if the Company subsequently enters the same (or a similar) competitive business or activity. In addition, if Executive has no actual knowledge that his actions violate the terms of this Section 5, Executive shall not be deemed to have breached the restrictive covenants contained herein if, promptly after being notified by the Company of such breach, Executive ceases the prohibited actions.
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Samples: Executive Employment Agreement (CV Sciences, Inc.), Executive Employment Agreement (CV Sciences, Inc.), Executive Employment Agreement (CV Sciences, Inc.)
No Breach for Activities Deemed Not Competitive. It is further agreed that, in the event that Executive Employee shall cease to be employed by the Company and enter into a business or pursue other activities that, at such time, are not in competition with the Company or any of its Affiliates, Executive Employee shall not be chargeable with a violation of this Section 5 if the Company subsequently enters the same (or a similar) competitive business or activity. In addition, if Executive Employee has no actual knowledge that his actions violate the terms of this Section 5, Executive Employee shall not be deemed to have breached the restrictive covenants contained herein if, promptly after being notified by the Company of such breach, Executive Employee ceases the prohibited actions.
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