Common use of Non-Compete Covenant Clause in Contracts

Non-Compete Covenant. In consideration of the Company’s obligations to Executive delineated herein, during the three (3) years following the Date of Termination of the Executive by the Company or a successor, the Executive will not, directly compete with U.S. Energy in acquiring any oil and gas properties that the Company is participating in and or the Board is considering participating in at the time of the Executive termination. Notwithstanding anything set forth in this paragraph, the Executive shall not be in any way restricted in seeking employment with an oil and gas company

Non-Compete Covenant. In consideration of the Company’s obligations to Executive delineated herein, during the three two (32) years following the Date of Termination of the Executive by the Company or a successor, the Executive will not, not directly compete with U.S. Energy in acquiring any oil and gas properties that the Company is participating actively engaged in and an evaluation, signed a NDA, actively negotiating\ or the Board is considering participating in began a due diligence process at the time of the Executive Executive’s termination, or any properties located within a 5-mile radius of any such properties. Notwithstanding anything set forth in this paragraph, the Executive shall not be in any way restricted in seeking employment with an another oil and gas company.