Common use of Non-Competition Covenant Clause in Contracts

Non-Competition Covenant. (i) Executive agrees that during his employment with the Company, Executive shall devote as much of his skill, knowledge, commercial efforts and business time as the Board shall reasonably require to the conscientious and good faith performance of his duties and responsibilities to the Company to the best of his ability. Accordingly, Executive shall not, directly or indirectly, be employed by, render services for, engage in business with or serve as an agent or consultant to any Person other than the Company, except for service on the boards of directors (or similar governing bodies) of not more than three (3) other for-profit enterprises). (ii) Executive further agrees that for a period of eighteen (18) months following the termination of his employment with the Company (for any reason), Executive shall not, directly or indirectly, within a twenty-five (25) mile radius of any Liberty Tax Service office (or other retail tax office operated by the Holding Company, the Company, any of their Subsidiaries, or any of their franchisees) in the United States or Canada that exists as of the effective date of termination (whether owned or franchised), provide services as an employee, consultant, or independent contractor, in the same or substantially similar capacity as that in which Executive serves the Company at the time of his termination, to any company that is engaged in, and is competitive with, the Company’s Business. (iii) Executive shall be permitted to hold a five percent (5%) or less interest in the equity or debt securities of any publicly traded company.

Non-Competition Covenant. (i) Executive agrees that during his her employment with the Company, Executive shall devote as much of his her skill, knowledge, commercial efforts and business time as the Board shall reasonably require to the conscientious and good faith performance of his her duties and responsibilities to the Company to the best of his her ability. Accordingly, Executive shall not, directly or indirectly, be employed by, render services for, engage in business with or serve as an agent or consultant to any Person other than the Company, except for service on the boards of directors (or similar governing bodies) of not more than three (3) other for-profit enterprises). (ii) Executive further agrees that for a period of eighteen (18) months following the termination of his her employment with the Company (for any reason), Executive shall not, directly or indirectly, within a twenty-five (25) mile radius of any Liberty Tax Service office (or other retail tax office operated by the Holding Company, the Company, any of their Subsidiaries, or any of their franchisees) in the United States or Canada that exists as of the effective date of termination (whether owned or franchised), provide services as an employee, consultant, or independent contractor, in the same or substantially similar capacity as that in which Executive serves the Company at the time of his her termination, to any company that is engaged in, and is competitive with, the Company’s Business. (iii) Executive shall be permitted to hold a five percent (5%) or less interest in the equity or debt securities of any publicly traded company.

Non-Competition Covenant. (i) Executive agrees that during his employment with the Company, Executive shall devote as much of his skill, knowledge, commercial efforts and business time as the Board shall reasonably require to the conscientious and good faith performance of his duties and responsibilities to the Company to the best of his ability. Accordingly, Executive shall not, directly or indirectly, be employed by, render services for, engage in business with or serve as an agent or consultant to any Person other than the Company, except for service on the boards of directors (or similar governing bodies) of not more than three (3) other for-profit enterprises). (ii) Executive further agrees that for a period of eighteen (18) months following the termination of his employment with the Company (for any reason), Executive shall not, directly or indirectly, within a twenty-five (25) mile radius of any Liberty Tax Service office (or other retail tax office operated by the Holding Company, the Company, any of their Subsidiaries, or any of their franchisees) in the United States or Canada that exists as of the effective date of termination (whether owned or franchised), provide services as an employee, consultant, or independent contractor, in the same or substantially similar capacity as that in which Executive serves the Company at the time of his termination, to any company that is engaged in, and is competitive with, the Company’s 's Business. (iii) Executive shall be permitted to hold a five percent (5%) or less interest in the equity or debt securities of any publicly traded company.