Common use of Post-Term Covenants Clause in Contracts

Post-Term Covenants. Upon termination or expiration of this Agreement for any reason, or any transfer, repurchase or termination of Your rights hereunder and for a continuous, uninterrupted period of two (2) years thereafter, neither You, nor Your subsidiaries or affiliates, nor members, managers, officers, directors, partners, or shareholders, will, directly or indirectly, on Your or their own account or as an officer, director, member, manager, or shareholder of any other person, firm, entity, partnership or corporation, own, operate, lease, license, conduct, consent for, engage in, be connected with, have any interest in or assist any person or entity engaged in activities the same or similar to the Slide the City™ System in the Territory, within fifty (50) miles of the Territory or within fifty (50) miles of where We or Our affiliates, licensees or franchisees operate a Slide the City™ event or where there is a development agreement, license agreement, or where there is another agreement signed to operate and develop Slide the City™ events, or other related services that are similar to Slide the City™ events. In the event You compete during the term of non-competition, this non-compete time period will be extended for the period of Your competition plus an additional six (6) months.

Post-Term Covenants. Upon termination or expiration of this Agreement for any reason, or any transfer, repurchase or termination of Your rights hereunder and for a continuous, uninterrupted period of two (2) years thereafter, neither You, nor Your subsidiaries or affiliates, nor members, managers, officers, directors, partners, or shareholders, will, directly or indirectly, on Your or their own account or as an officer, director, member, manager, or shareholder of any other person, firm, entity, partnership or corporation, own, operate, lease, license, conduct, consent for, engage in, be connected with, have any interest in or assist any person or entity engaged in activities the same or similar to the Slide the CityLantern Fest™ System in the Territory, within fifty (50) miles of the Territory or within fifty (50) miles of where We or Our affiliates, licensees or franchisees operate a Slide the CityLantern Fest™ event or where there is a development agreement, license agreement, or where there is another agreement signed to operate and develop Slide the CityLantern Fest™ events, or other related services that are similar to Slide the CityLantern Fest™ events. In the event You compete during the term of non-competition, this non-compete time period will be extended for the period of Your competition plus an additional six (6) months.

Post-Term Covenants. Upon termination or expiration of this Agreement for any reason, or any transfer, repurchase or termination of Your rights hereunder and for a continuous, uninterrupted period of two (2) years thereafter, neither You, nor Your subsidiaries or affiliates, nor members, managers, officers, directors, partners, or shareholders, will, directly or indirectly, on Your or their own account or as an officer, director, member, manager, or shareholder of any other person, firm, entity, partnership or corporation, own, operate, lease, license, conduct, consent for, engage in, be connected with, have any interest in or assist any person or entity engaged in activities the same or similar to the Slide the CityDirty Dash™ System in the Territory, within fifty (50) miles of the Territory or within fifty (50) miles of where We or Our affiliates, licensees or franchisees operate a Slide the CityDirty Dash™ event or where there is a development agreement, license agreement, or where there is another agreement signed to operate and develop Slide the CityDirty Dash™ events, or other related services that are similar to Slide the CityDirty Dash™ events. In the event You compete during the term of non-competition, this non-compete time period will be extended for the period of Your competition plus an additional six (6) months.