Common use of Noncompete Following a Termination of Employment Clause in Contracts

Noncompete Following a Termination of Employment. From the Effective Date of this Agreement until twelve (12) months following the Termination Date for any reason pursuant to Section 4.2 (other than as a result of the expiration of the Term pursuant to Section 1.2) the Executive will not: (a) directly or indirectly own any equity or proprietary interest in (except for ownership of shares in a publicly traded company not exceeding three percent (3%) of any class of outstanding securities), or be an employee, agent, director, advisor, or consultant to or for any Competitor of the Company, whether on his own behalf or on behalf of any person; or (b) undertake any action to induce or cause any customer or client to discontinue any part of its business with the Company.

Noncompete Following a Termination of Employment. From the Effective Date of this Agreement until twelve (12) months following the Termination Date for any reason pursuant to Section 4.2 (other than as a result of the expiration of the Term pursuant to Section 1.2) the Executive will not: (a) directly or indirectly own any equity or proprietary interest in (except for ownership of shares in a publicly traded company not exceeding three percent (3%) of any class of outstanding securities), or be an employee, agent, director, advisor, or consultant to or for any Competitor of the Company, whether on his her own behalf or on behalf of any person; or (b) undertake any action to induce or cause any customer or client to discontinue any part of its business with the Company.

Noncompete Following a Termination of Employment. From the Effective Date of this Agreement until twelve (12) months following the Termination Date for any reason pursuant to Section 4.2 (other than as a result of the expiration of the Term pursuant to Section 1.2) the Executive will not: (a) directly or indirectly own any equity or proprietary interest in (except for ownership of shares in a publicly traded company not exceeding three percent (3%) of any class of outstanding securities), or be an employee, agent, director, advisor, or consultant to or for any Competitor of the Company, whether on his own behalf or on behalf of any person; or (b) undertake any action to induce or cause any customer or client to discontinue or diminish any part of its business with the Company.