Participation in a Competition Business Sample Clauses

Participation in a Competition Business. During the Term or any Extended Term and for three years after expiration of Term or any Extended Term (such three years being the “Post-Term Period”) (regardless of whether Executive’s employment ends at the end of the Term or any Extended Term or at some other point after the end of the Term or any Extended Term), Executive will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, “founder,” employee, consultant, or agent; provided, however, that Executive may acquire and own an interest not to exceed 2% of the total equity interest in any publicly held entity whose equity securities are listed on a national securities exchange (even if such entity is a Competing Business). Executive’s noncompetition obligations for the Post-Term Period will not apply if (1) Executive’s employment during the Term or any Extended Term is terminated without Cause, (2) Executive terminates his employment during the Term or any Extended Term for Good Reason, or (3) the Bank or its successor declines to employ Executive after expiration of the Term or any Extended Term.

Participation in a Competition Business. During the Term or any Extended Term and for one year after expiration of Term or any Extended Term (such one year being the "Post-Term Period") (regardless of whether Employee's employment ends at the end of the Term or any Extended Term or at some other point after the end of the Term or any Extended Term), Employee will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder," employee, consultant, or agent; provided, however, that Employee may acquire and own an interest not to exceed 2% of the total equity interest in any publicly held entity whose equity securities are listed on a national securities exchange (whether or not such entity is a Competing Business). Employee's noncompetition obligations for the Post-Term Period will not apply if (1) Employee's employment during the Term or any Extended Term is terminated without Cause, (2) Employee terminates his employment during the Term or any Extended Term for Good Reason, or (3) the Bank or its successor declines to employ Employee after expiration of the Term or any Extended Term.

Participation in a Competition Business. During the Term and for two years after expiration of Term (such two years being the "Post-Term Period") (regardless of whether Employee's employment ends at the end of the Term or at some other point after the end of the Term), Employee will not become involved with a Competing Business or serve, directly or indirectly, a Competing Business in any manner, including, without limitation, as a shareholder, member, partner, director, officer, manager, investor, organizer, "founder," employee, consultant, or agent; provided, however, that Employee may acquire and own an interest not to exceed 2% of the total equity interest in any publicly held entity whose equity securities are listed on a national securities exchange (whether or not such entity is a Competing Business). Employee's noncompetition obligations for the Post-Term Period will not apply if (1) Employee's employment during the Term is terminated without Cause, (2) Employee terminates his employment during the Term for Good Reason, or (3) the Bank or its successor declines to employ Employee after expiration of the Term.