Common use of Noncompetition by Withdrawing Member Clause in Contracts

Noncompetition by Withdrawing Member. Neither Withdrawing Member, nor any of its agents, officers, directors, in any LLC business (as defined herein), employees, shareholders or affiliates shall engage, directly or indirectly, in the United States, for a period of two (2) years following a closing described in either Section 8.4.6 above.

Appears in 2 contracts

Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)

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Noncompetition by Withdrawing Member. Neither Subject to Section 4.8, no Withdrawing Member, nor any of its agents, officers, directors, in any LLC business (as defined herein)Business, employees, shareholders or affiliates shall engage, directly or indirectly, in the United States, for a period of two one (21) years following a closing described in either Section 8.4.6 8.3.6 above.

Appears in 1 contract

Samples: Operating Agreement (Vertical Computer Systems Inc)

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Noncompetition by Withdrawing Member. Neither the Withdrawing Member, nor any of its agents, officers, directors, in any LLC business (as defined herein), employees, shareholders or affiliates Affiliates shall engage, directly or indirectly, in the United Statesany LLC Business, worldwide, for a period of two (2) years following a closing described in either Section 8.4.6 8.3.5 above.

Appears in 1 contract

Samples: Operating Agreement

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