Common use of Non-Competition with TJC Clause in Contracts

Non-Competition with TJC. Each Selling Party agree that, for thirty six (36) months following the date of Closing, no Selling Party, will have any direct or indirect interest (e.g., through a spouse) as a disclosed or beneficial owner, investor, partner, director, officer, employee, consultant, representative or agent, or in any other capacity, in any Chiropractic Business located or operating within twenty-five (25) miles of any chiropractic clinic currently or within such 36 month period owned by TJC or operated by a TJC franchisee. The term “Chiropractic Business” means any business which derives more than Ten Thousand Dollars ($10,000.00) of revenue per year from the performance of chiropractic services, or any business which grants franchises or licenses to others to operate such a business, with the sole exception of (i) a regional developer license granted by TJC or (ii) a franchise operated under a franchise agreement with TJC.

Non-Competition with TJC. Each Selling Party Seller and the Shareholders agree that, for thirty six (36) months following the date of Closing, no Selling Partyneither Seller nor either of the Shareholders, will have any direct or indirect interest (e.g., through a spouse) as a disclosed or beneficial owner, investor, partner, director, officer, employee, consultant, representative or agent, or in any other capacity, in any Chiropractic Competitive Business located or operating within twenty-five (25) miles of any Joint chiropractic clinic currently or within such 36 month period owned by TJC or operated or managed by a TJC franchisee. The term “Chiropractic Competitive Business” means any business which derives more than Ten Thousand Dollars ($10,000.00) of revenue per year from the performance of chiropractic services, or any business which grants franchises or licenses to others to operate such a business, with the sole exception of (i) a regional developer license granted by TJC or (ii) a franchise operated under a franchise agreement with TJCTJC including, without limitation, the Xxxxxx City Joint location.

Non-Competition with TJC. Each Selling Party Seller and each of the Managers agree that, for thirty six (36) months following the date of Closing, no Selling Partyneither Seller nor either Manager, will have any direct or indirect interest (e.g., through a spouse) as a disclosed or beneficial owner, investor, partner, director, officer, employee, consultant, representative or agent, or in any other capacity, in any Chiropractic Competitive Business located or operating within twenty-five (25) miles of any chiropractic clinic currently or within such 36 month period owned by TJC or operated by a TJC franchisee. The term “Chiropractic Competitive Business” means any business which derives more than Ten Thousand Dollars ($10,000.00) of revenue per year from the performance of chiropractic or related services, or any business which grants franchises or licenses to others to operate such a business, with the sole exception of (i) a regional developer license granted by TJC or (ii) a franchise operated under a franchise agreement with TJC.

Non-Competition with TJC. Each Selling Party Seller and the Members agree that, for thirty six (36) months following the date of Closing, no Selling Partynone of the Seller nor the Members, will have any direct or indirect interest (e.g., through a spouse) as a disclosed or beneficial owner, investor, partner, director, officer, employee, consultant, representative or agent, or in any other capacity, in any Chiropractic Competitive Business located or operating within twenty-five (25) miles of any chiropractic clinic currently or within such 36 month period owned by TJC or operated by a TJC franchisee. The term “Chiropractic Competitive Business” means any business which derives more than Ten Thousand Dollars ($10,000.00) of revenue per year from the performance of chiropractic or related services, or any business which grants franchises or licenses to others to operate such a business, with the sole exception of (i) a regional developer license granted by TJC or (ii) a franchise operated under a franchise agreement with TJC.

Non-Competition with TJC. Each Selling Party Seller and the Shareholder agree that, for thirty six (36) months following the date of Closing, no Selling Partyneither Seller nor the Shareholder, will have any direct or indirect interest (e.g., through a spouse, common law or otherwise) as a disclosed or beneficial owner, investor, partner, director, officer, employee, consultant, representative or agent, or in any other capacity, in any Chiropractic Business located or operating within twenty-five (25) miles of any chiropractic clinic currently or within such 36 month period owned by TJC or operated by a TJC franchiseeof the Subject Franchises. The term “Chiropractic Business” means any business which derives more than Ten Thousand Dollars ($10,000.00) of revenue per year from the performance of chiropractic or related services, or any business which grants franchises or licenses to others to operate such a business, with the sole exception of (i) a regional developer license granted by TJC or (ii) a franchise operated under a franchise agreement with TJC.

Non-Competition with TJC. Each Selling Party Seller and the Shareholder agree that, for thirty six (36) months following the date of Closing, no Selling Partyneither Seller nor the Shareholder, will have any direct or indirect interest (e.g., through a spouse, common law or otherwise) as a disclosed or beneficial owner, investor, partner, director, officer, employee, consultant, representative or agent, or in any other capacity, in any Chiropractic Business located or operating within twenty-five one hundred (25100) miles of any chiropractic clinic currently or within such 36 month period owned by TJC or operated by a TJC franchiseethe location of the Subject Franchise. The term “Chiropractic Business” means any business which derives more than Ten Thousand Dollars ($10,000.00) of revenue per year from the performance of chiropractic or related services, or any business which grants franchises or licenses to others to operate such a business, with the sole exception of (i) a regional developer license granted by TJC or (ii) a franchise operated under a franchise agreement with TJC.

Non-Competition with TJC. Each Selling Party Seller and each Shareholder agree that, for thirty six (36) months following the date of Closing, no Selling Partyneither Seller nor any Shareholder, will have any direct or indirect interest (e.g., through a spouse) as a disclosed or beneficial owner, investor, partner, director, officer, employee, consultant, representative or agent, or in any other capacity, in any Chiropractic Competitive Business located or operating within twenty-five (25) miles of any chiropractic clinic currently or within such 36 month period owned by TJC or operated by a TJC franchiseeJoint clinic. The term “Chiropractic Competitive Business” means any business which derives more than Ten Thousand Dollars ($10,000.00) of revenue per year from the performance of chiropractic servicesor related services or the management of any such business, and any business related to the relief of back pain or any business which grants franchises or licenses to others to operate such a business, with the sole exception of (i) a regional developer license granted by TJC or (ii) a franchise operated under a franchise agreement with TJC. Notwithstanding the foregoing, Seller and the Shareholders may provide marketing services to any person, corporation, limited liability company, partnership or other entity whose principal business is not the provision of chiropractic services. .