Common use of Non-Competition After Employment Clause in Contracts

Non-Competition After Employment. The Executive agrees that for one year after termination of his employment with HI, by HI or Executive for any reason, Executive shall not, directly or indirectly (including among others as a director, officer, employee, agent, partner or equity owner, except as owner of less than 5% of the shares of the publicly traded stock of a corporation, of any entity), competitively solicit or otherwise deal in a competitively way with any of the clients or customers of HI as of the time of his termination (including any client to whom HI has sold services or products in the two years prior to termination and any prospective client or customer who has been targeted or approached by HI within the previous six months) with respect to any services or products competitive with those of HI, or which otherwise directly or indirectly in any manner compete with HI in any line of business carried on or planned by HI during Executive's employment.