Non-competition with the Company. You covenant and agree that during your employment and for a period of six (6) months following your separation from the Company for any reason, you shall not, directly or indirectly, enter into or engage in the ownership, management, operation or control of, or act as a consultant, advisor, employee or contractor for, any person, company or entity engaged in Competition with the Company. This restriction is limited to (i) a radius of fifty (50) miles from any Company office or other location where you worked or out of which you provided services during the two (2) years prior to your separation from employment with the Company, and (ii) any territory in which the Company engaged in its business during that time period. You are only restricted from working or performing services on your own behalf or for another entity where you have or will perform the same or similar type of work or service or offer the same or similar products or services that you performed or offered for the Company during your employment or the last year of your employment with the Company, whichever is shorter. The term in “Competition” with the Company means any company, person or entity engaged in the Business of the Company. For purposes of this Agreement, the term “Business” shall mean the development of smart home automation hardware or software for property owners, homeowners, managers or homebuilders.
Appears in 8 contracts
Samples: Employment Agreement (SmartRent, Inc.), Employment Agreement (SmartRent, Inc.), Employment Agreement (Fifth Wall Acquisition Corp. I)
