Common use of Post-Employment Activities Clause in Contracts

Post-Employment Activities. (a) Executive agrees that for a period of two (2) years following the termination of his employment under this Agreement either: (i) by the Company with Cause; or (ii) by Executive (other than pursuant to Section 13(e) below), Executive will not directly or indirectly engage in (whether as an employee, consultant, proprietor, shareholder, partner, director, or otherwise), or have any ownership interest in, or participate in the financing, operation, management or control of any person, firm, corporation or business that engages in the commercial aircraft maintenance business anywhere within the state of Arizona, absent the Company's prior written approval upon instructions of its Board of Directors provided, however, that anything above to the contrary notwithstanding, Executive may own, as a passive investor, securities of any publicly traded competitor corporation, so long as Executive's direct and indirect holdings in any one such corporation shall in the aggregate constitute less than 5% of the voting stock of such corporation.

Post-Employment Activities. (a) Executive agrees that for a period of two (2) years following the termination of his employment under this Agreement either: (i) by the Company with Cause; or (ii) by Executive (other than pursuant to Section 13(e) below), Executive will not directly or indirectly engage in (whether as an employee, consultant, proprietor, shareholder, partner, director, or otherwise), or have any ownership interest in, or participate in the financing, operation, management or control of any person, firm, corporation or business that engages in the commercial aircraft maintenance business anywhere within the state of Arizona, absent the Company's prior written approval upon instructions of its Board of Directors provided, provide~ however, that anything above to the contrary notwithstanding, Executive may own, as a passive investor, securities of any publicly traded competitor corporation, so long as Executive's direct and indirect holdings in any one such corporation shall in the aggregate constitute less than 5% of the voting stock of such corporation.