Common use of Restrictions on Competition Clause in Contracts

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC or an affiliate of DFC, you will not, without the prior written consent of DFC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFC, or any affiliate thereof for any purpose which would be competitive with the business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC or any affiliate of DFC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC or any affiliate of DFC by which you were employed within one year prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange or in the over-the-counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC or an affiliate of DFC, you will not, without the prior written consent of DFC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFC, or any affiliate thereof for any purpose which would be competitive with the business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC or any affiliate of DFC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC or any affiliate of DFC by which you were employed within one year prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether wither as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange or in the over-the-counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC or an affiliate of DFC, you will not, without the prior written consent of DFC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFC, or any affiliate thereof for any purpose which would be competitive with the mortgage banking business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC or any affiliate of DFC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC or any affiliate of DFC by which you were employed within one year two years prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange or in the over-the-counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC FFCC or an affiliate of DFCFFCC, you will not, without the prior written consent of DFCFFCC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFCFFCC, or any affiliate thereof for any purpose which would be competitive with the mortgage banking business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC FFCC or any affiliate of DFC FFCC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC FFCC or any affiliate of DFC FFCC by which you were employed within one year two years prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange National Securities Exchange or in the overOver-the-counter Counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC or an affiliate of DFC, you will not, without the prior written consent of DFC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFC, or any affiliate thereof for any purpose which would be competitive with the business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC or any affiliate of DFC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC or any affiliate of DFC by which you were employed within one year prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange or in the over-the-counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.in

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC FFCC or an affiliate of DFCFFCC, you will not, without the prior written consent of DFCFFCC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFCFFCC, or any affiliate thereof for any purpose which would be competitive with the mortgage banking business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC FFCC or any affiliate of DFC FFCC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC FFCC or any affiliate of DFC FFCC by which you were employed within one year two years prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange or in the over-the-counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.. 5

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC FFCC or an affiliate of DFCFFCC, you will not, without the prior written consent of DFCFFCC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFCFFCC, or any affiliate thereof for any purpose which would be competitive with the mortgage banking business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC FFCC or any affiliate of DFC FFCC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC FFCC or any affiliate of DFC FFCC by which you were employed within one year two years prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether wither as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange or in the over-the-counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.. 5

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC FFCC or an affiliate of DFCFFCC, you will not, without the prior written consent of DFCFFCC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFCFFCC, or any affiliate thereof for any purpose which would be competitive with the mortgage banking business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC FFCC or any affiliate of DFC FFCC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC FFCC or any affiliate of DFC FFCC by which you were employed within one year two years prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange or in the over-the-counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC FFCC or an affiliate of DFCFFCC, you will not, without the prior written consent of DFCFFCC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFCFFCC, or any affiliate thereof for any purpose which would be competitive with the 5 mortgage banking business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC FFCC or any affiliate of DFC FFCC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC FFCC or any affiliate of DFC FFCC by which you were employed within one year two years prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether wither as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange National Securities Exchange or in the overOver-the-counter Counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.

Restrictions on Competition. During the term of this Agreement and for a period of one year after you cease to be an employee of DFC FFCC or an affiliate of DFCFFCC, you will not, without the prior written consent of DFCFFCC, (a) accept employment or render service to any person, firm or corporation, directly or indirectly, in competition with DFCFFCC, or any affiliate thereof for any purpose which would be competitive with the mortgage banking business of DFC and its affiliates within the Commonwealth of Puerto Rico or any other geographic area in which DFC FFCC or any affiliate of DFC FFCC by which you were employed, conducted operations (the "Restricted Area") or any business as to which studies or preparations relating to the entry into which were made by DFC FFCC or any affiliate of DFC FFCC by which you were employed within one year two years prior thereto (collectively, the "Restricted Businesses") or (b) directly or indirectly, enter into or in any manner take part in or lend your name, counsel or assistance to any venture, enterprise, business or endeavor, whether as proprietor, principal, investor, partner, director, officer, employee, consultant, adviser, agent, independent contractor or in any other capacity whatsoever for any purpose which would be competitive with the Restricted Businesses in the Restricted Area. An investment not exceeding 5% of the outstanding stock in any corporation regularly traded on any national securities exchange National Securities Exchange or in the overOver-the-counter Counter market shall not be deemed to violate this provision, provided that you shall not render any services for such corporation.. 5