Common use of No Competitive Activities Clause in Contracts

No Competitive Activities. During the Employment Period and for 1 year following the Effective Date of Termination, (the “Non-Competition Period”) Executive will not directly or indirectly own, manage, operate, join, control or participate in the ownership, management or control of, provide services to, or be employed by or connected in any manner with any enterprise which is engaged in the Business, provided, however, that such restriction will not apply to any passive investment representing an interest of less than two percent of an outstanding class of publicly-traded securities of any corporation or other enterprise which is not, at the time of such investment, engaged in the Business. Schedule A sets forth the consideration for the Executive’s promise not to compete during the Non-Competition Period.