Common use of Post-Term Covenants Clause in Contracts

Post-Term Covenants. For a continuous uninterrupted period commencing upon the expiration or termination of this Agreement and for two (2) years thereafter, you shall not, without Noodles & Company’s prior written consent, either directory or indirectly, for yourself, or through, on behalf of, or in conjunction with any person, persons, partnership, limited liability company, or corporation: (a) Divert or attempt to divert any business or customer of any Noodles & Company Restaurant to any competitor, by direct or indirect inducement or otherwise, or do or perform, directly or indirectly, any other act injurious or prejudicial to the goodwill associated with Noodles & Company’s Marks or the System. (b) Recruit, except for general solicitation, or hire any person who is or was within a period of six (6) months prior to such recruiting or hiring an employee of ours or of any Noodles & Company Restaurant operated by us, our Affiliates or another Area Operator of ours. In addition to any other rights and remedies available to us under this Agreement, we may elect, in our sole discretion, to require you to pay to us, our Affiliate or other Area Operator, as liquidated damages an amount equal to two (2) times the annual salary of the person(s) involved in such violation plus an amount equal to our costs and attorney’s fees incurred in connection with such violation. (c) Own, maintain, advise, be employed by, consult for, make loans to, operate, engage in or have an ownership interest (including any right to share in revenues or profits) in any Competitive Business which is, or is intended to be located within: (1) the Protected Area; (2) a radius of fifteen (15) miles from your Noodles & Company Restaurant; (3) a radius of fifteen (15) miles of any Noodles & Company Restaurant; or (4) any Designated Market Area (as defined by Xxxxxxx Media Research) where a Noodles & Company Restaurant is located.

Appears in 6 contracts

Samples: Franchise Agreement (NOODLES & Co), Area Development Agreement (NOODLES & Co), Franchise Agreement (NOODLES & Co)

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