Common use of Non-Compete Agreement Clause in Contracts

Non-Compete Agreement. 5.1(a) During the Executive's employment with the Company and during the period beginning on the date the Executive's employment with the Company terminates and ending one (1) year thereafter (i.e., on the anniversary of the date the Executive's employment terminates), the Executive shall not, without prior written approval of the Company's Chief Executive Officer, become an officer, employee, agent, partner, or director of, or provide any services or advice to or for, any business enterprise in substantial direct competition (as defined in Section 5.1(b)) with the Company. The above constraint shall not prevent the Executive from making passive investments, not to exceed five percent (5%), in any enterprise where Executive's services or advice is not required or provided.

Non-Compete Agreement. 5.1(a) During the Executive's ’s employment with the Company and during the period beginning on the date the Executive's ’s employment with the Company terminates and ending one (1) year thereafter (i.e., on the anniversary of the date the Executive's ’s employment terminates), the Executive shall not, without prior written approval of the Company's ’s Chief Executive Officer, become an officer, employee, agent, partner, or director of, or provide any services or advice to or for, any business enterprise in substantial direct competition (as defined in Section 5.1(b)) with the Company. The above constraint shall not prevent the Executive from making passive investments, not to exceed five percent (5%), in any enterprise where Executive's ’s services or advice is not required or provided.

Non-Compete Agreement. 5.1(a(1) During the Executive's ’s employment with the Company and during the period beginning on the date the Executive's employment with the Company terminates Date of Termination and ending one (1) year thereafter (i.e., on the anniversary of the date the Executive's ’s employment terminates) (the “Post-Termination Period”), the Executive shall not, without prior written approval of the Company's ’s Chief Executive Officer, become an officer, employee, agent, partner, or director of, or provide any services or advice to or for, any business enterprise in substantial direct competition (as defined in Section 5.1(b13(a)(2)) with the Company. The above constraint shall not prevent the Executive from making passive investments, not to exceed five percent (5%)) of the total equity value, in any enterprise where Executive's ’s services or advice is not required or provided.

Non-Compete Agreement. 5.1(a3.1(a) During the Executive's ’s employment with the Company and during the period beginning on the date the Executive's ’s employment with the Company terminates and ending one (1) year thereafter (i.e., on the anniversary of the date the Executive's ’s employment terminates), the Executive shall not, without prior written approval of the Company's ’s Chief Executive Officer, become an officer, employee, agent, partner, or director of, or provide any services or advice to or for, any business enterprise in substantial direct competition (as defined in Section 5.1(b3.1(b)) with the Company. The above constraint shall not prevent the Executive from making passive investments, not to exceed five percent (5%), in any enterprise where Executive's ’s services or advice is not required or provided.

Non-Compete Agreement. 5.1(a(a) During the Executive's ’s employment with the Company and during the period beginning on the date the Executive's ’s employment with the Company terminates and ending one (1) year thereafter (i.e., on the anniversary of the date the Executive's ’s employment terminates), the Executive shall not, without prior written approval of the Company's ’s Chief Executive Officer, become an officer, employee, agent, partner, or director of, or provide any services or advice to or for, any business enterprise in substantial direct competition (as defined in Section 5.1(b)) with the Company. The above constraint shall not prevent the Executive from making passive investments, not to exceed five percent (5%), in any enterprise where Executive's ’s services or advice is not required or provided.