Common use of Non-Competition and Non-Solicitation Agreement Clause in Contracts

Non-Competition and Non-Solicitation Agreement. During the term of this Agreement and for a period of twenty-four (24) months thereafter ("Non-compete Period"), Executive shall not directly or indirectly enter into an employment relationship or a consulting arrangement (or other economically beneficial arrangement) with any grocer, grocer holding company, or textile manufacturing or distribution company which is a competitor of the Company (a "Competitor") which would involve Executive working in, consulting with respect to, overseeing or otherwise servicing any market area or customers over which Executive had responsibility at the time of his termination or during the 24-month period immediately prior to such termination. The obligations contained in this Section 9 shall not prohibit Executive from being an owner of not more than 5% of the outstanding stock of any class of a Competitor corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation.

Non-Competition and Non-Solicitation Agreement. During the term of this Agreement and for a period of twenty-four (24) months thereafter ("“Non-compete Period"”), Executive shall not directly or indirectly enter into an employment relationship or a consulting arrangement (or other economically beneficial arrangement) with any grocer, grocer or grocer holding company, or textile manufacturing or distribution company which is a competitor of the Company (a "“Competitor"”) which would involve Executive working in, consulting with respect to, overseeing or otherwise servicing any market area or customers over which Executive had responsibility at the time of his termination or during the 24-month period immediately prior to such termination. The obligations contained in this Section 9 shall not prohibit Executive from being an owner of not more than 5% of the outstanding stock of any class of a Competitor corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation.

Non-Competition and Non-Solicitation Agreement. During the term of this Agreement and for a period of twenty-four (24) months thereafter ("Non-compete Period"), Executive shall not directly or indirectly enter into an employment relationship or a consulting arrangement (or other economically beneficial arrangement) with any grocer, grocer or grocer holding company, or textile manufacturing or distribution company which is a competitor of the Company (a "Competitor") which would involve Executive working in, consulting with respect to, overseeing or otherwise servicing any market area or customers over which Executive had responsibility at the time of his termination or during the 24-month period immediately prior to such termination. The obligations contained in this Section 9 shall not prohibit Executive from being an owner of not more than 5% of the outstanding stock of any class of a Competitor corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation.

Non-Competition and Non-Solicitation Agreement. During the term of this Agreement and for a period of twenty-four (24) months thereafter ("Non-compete Period"), Executive shall not directly or indirectly enter into an employment relationship or a consulting arrangement (or other economically beneficial arrangement) with any grocer, grocer holding company, or textile manufacturing or distribution company which is a competitor of the Company (a "Competitor") which would involve Executive working in, consulting with respect to, overseeing or otherwise servicing any market area or customers over which Executive had responsibility at the time of his termination or during the 24-month period immediately prior to such termination. The obligations contained in this Section 9 shall not prohibit Executive from being an owner of not more than 5% of the outstanding stock of any class of a Competitor corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation.