Common use of No Conflict of Interests Clause in Contracts

No Conflict of Interests. During the term of this Agreement, and for a period of one (1) year after the Expiration Date, Party B shall not be employed by, own manage, control or participate in the ownership, management, operation or control of any person, firm, partnership, corporation or unincorporated association or entity of any kind that is competitive with the Company and the Group Company or otherwise undertake any obligation inconsistent with the terms hereof. A business shall be deemed to be “competitive with the Company and the Group Company” for purpose of this Article IV only if and to the extent it engages in the business substantially similar to the Company’s business.