Restrictions on Competitive Activity. I agree that during my employment, and for a period after termination of my relationship with the Company for any reason, whether with or without Cause, until the later of (i) the expiration of my Employment Term or any renewal period, if applicable, or (ii) two (2) years from the date of termination of my employment (“Restricted Period”), I shall not, without the prior written consent of the Chief Executive Officer, directly or indirectly, and whether as a principal or investor or as an employee, officer, director, manager, partner, consultant, agent or otherwise, alone or in association with any other person, firm, corporation or other business organization, join, manage or participate in a Competing Business (as defined below) in any geographic area in which the Company Parties have engaged in a Competing Business which shall include, at a minimum, all of the United States of America. For purposes of this Agreement a “Competing Business” means any business engaged in by the Company Parties or in which the Company Parties planned to be engaged as of the date of my termination of employment; provided, however, that nothing herein shall limit my right to own not more than 1% of any of the debt or equity securities of any business organization that is then filing reports with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended.
Restrictions on Competitive Activity. The Executive agrees that, for a period commencing on the Effective Date and ending on the second anniversary of the date of the Executive's termination of employment for any reason (the
Restrictions on Competitive Activity. From the date of this ------------------------------------ Settlement Agreement and for a period of three (3) years thereafter, Mr. Hills, whether as an employee, officer, director, shareholder, consultant, independent contractor or otherwise, shall not, Directly or Indirectly, carry on or be engaged in or be concerned with or interested in or advise or provide any consulting or other services for any person, business or other entity that produces markets, sells or otherwise deals in products or services competitive with the products or services produced, marketed, sold, licensed, or otherwise dealt in by LML or any of its direct or indirect subsidiaries and which relate to the electronic payment and collections industry. "Directly or Indirectly" in the context of any action taken by Mr. Hills includes any action or activity taken directly or indirectly either in person or through employees, agents, partners, joint venturers or in any other manner whatsoever by Mr. Hills, for Mr. Hills' own benefit or for the benefit of any person or entity competing with Chequemark, LML or any of LML's direct or indirect subsidiaries, whether such action is taken individually or in partnership or jointly in conjunction with any person as principal, agent, trustee, employee, partner, shareholder owner or otherwise.
Restrictions on Competitive Activity. During the Executive's active employment under this Agreement and for a period of twenty-four (24) months following the termination of Executive's employment for any reason the Executive will not, without the prior written approval of a majority of the members of the Board (not including the Executive), (i) engage directly or indirectly in, or become employed by, serve as an agent, consultant or representative to. or become an officer, director, partner, principal or stockholder of, or provide any services to any partnership, corporation or other entity which is primarily engaged in the serviced office business (or if the entity operates serviced offices as some part of its business that division of the business that is competitive with the Company) in any city (domestic or international) in which the Company is engaged or taken active steps to become engaged at the time such relationship is entered into with such competitive entity, (ii) directly or indirectly seek,
Restrictions on Competitive Activity. The Executive agrees that, for a period commencing on the Effective Date and ending on the first anniversary of the date of the Executive's termination of employment for any reason (the “Restricted Period”), the Executive shall not, without the prior written consent of the Company, directly or indirectly, and whether as principal or investor or as an employee, officer, director, manager, partner, consultant, agent or otherwise, alone or in association with any other person, firm, corporation or other business organization, carry on a Competing Business (as defined below) in any geographic area in which the Company Group has engaged, in a Competing Business. For purposes of this Agreement a “Competing Business” means any printing business engaged in by the Company Group within 12 months of the Executive's termination of employment or in which the Company Group plans to be engaged; provided, however, that nothing herein shall limit the Executive's right to own not more than 1% of any of the debt or equity securities of any business organization that is then filing reports with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended.
Restrictions on Competitive Activity. During the Executive's active employment under this Agreement and for a period of twenty-four (24) months following the delivery of a notice of termination pursuant to Section 4(a)(i) or Section 4(b) hereof, the Executive will not, without the prior written approval of a majority of the members of the Board (not including the Executive), (i) engage directly or indirectly in, or become employed by, serve as an agent or consultant to or become an officer, director, partner, principal or stockholder of any partnership, corporation or other entity which is engaged in a business which is directly competitive in any city with any business in which the Company is engaged at the time such relationship is entered into, (ii) directly or indirectly seek, solicit or accept for employment or retention as an independent contractor by any such entity any person who was employed or retained as an independent contractor by the Company during the Executive's active employment under this Agreement, or (iii) directly or indirectly seek, solicit or accept the business of any person, entity, association or group of any kind that was a customer, client or actively solicited prospective customer or client of the Company during the Executive's active employment under this Agreement. As long
