Common use of Non Competition Confidential Information Clause in Contracts

Non Competition Confidential Information. (a) Executive agrees that his services hereunder are of a special and unique nature and his position with the Company places him in a position of confidence and trust with clients and employees of the Company. Executive agrees that he will not at any time during his employment with the Company and for a period of one year thereafter (the "Restrictive Period"), directly or indirectly, compete (as an owner, joint venturer, partner, stockholder, director, officer, consultant, agent or otherwise) with the Company in the United States. Ownership of less than 5% of the securities of any class of a corporation registered under section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended, shall not be considered a violation of the provisions of this paragraph.