Common use of Restrictive Covenants and Confidentiality Clause in Contracts

Restrictive Covenants and Confidentiality. (a) During Employee’s employment with the Employer and for two (2) years following Employee’s separation from the Employer for any reason (whether initiated by the Employer or Employee), Employee shall not: (i) Directly or indirectly engage in any business activity (as a principal, partner, director, officer, agent, employee, consultant, owner, independent contractor or otherwise) or be financially interested in any business or commercial activity in which the Employer is engaged or with which the Employer competes or, with respect to the period following Employee’s termination of employment, Employer was engaged or with which the Employer competed at the time of or within one (1) year prior to Employee’s termination, including but not limited to the property and casualty or personal lines insurance businesses (hereinafter collectively “Competitive Businesses”) anywhere in the United States of America (including the District of Columbia, the Commonwealth of Puerto Rico and its possessions and territories), and Canada (without prior written approval of the Employer). This provision is not intended to prohibit Employee from holding or purchasing less than 1% of the stock of any public Employer. (ii) Directly or indirectly, (i) solicit, induce or encourage any person, firm, corporation or other entity who or which is a Customer, distributor or supplier of the Employer to terminate or reduce its business or relationship with the Employer; (ii) solicit or assist any individual or entity in the solicitation of business from, or performance of work for, any Customer or Prospective Customer of the Employer; (iii) perform any work or services for any Customer of the Employer, or (iv) solicit, employ or establish a business relationship with, or encourage or assist any individual or entity to solicit, employ or establish a business