Common use of Noncompetition by Executive Clause in Contracts

Noncompetition by Executive. (a) Upon termination of Executive's employment hereunder for any reason, Executive agrees not to compete, in the manner described hereinafter, with the business currently conducted by the Company in the United States, for a period of six (6) months following such termination. Executive agrees that, during such period, he will not be employed by, work for, advise, consult with, serve or assist in any way, directly or indirectly, any party whose activities or business is similar to that of the Company. The foregoing restrictions on competition by Executive shall be operative for the benefit of the Company and of any business owned or controlled by the Company, or any successor or assign of any of the foregoing.

Noncompetition by Executive. (a) Upon termination of Executive's employment hereunder for any reason, Executive agrees not to compete, in the manner described hereinafter, with the business currently conducted by the Company in the United States, for a period of six (6) months following such termination. Executive agrees that, during such period, he will not be employed by, work for, advise, consult with, serve or assist in any way, directly or indirectly, any party whose activities or business .business is similar to that of the Company. The foregoing restrictions on competition by Executive shall be operative for the benefit of the Company and of any business owned or controlled by the Company, or any successor or assign of any of the foregoing.