Common use of Scope and Term Clause in Contracts

Scope and Term. During the Term of this Agreement and for an additional period after the expiration or termination of the employment relationship between Employer and Employee (excluding a termination as specified in Section 7 and Section 8), which period shall be the shorter of (i) the number of days Employee has been employed by Employer or (ii) six (6) months, Employee shall not directly or indirectly engage in or become a partner, officer, principal, employee, consultant, investor, creditor or stockholder of any business, proprietorship, association, firm, corporation or any other business entity which is engaged or proposes to engage or hereafter engages in any business which competes with the business of Employer and/or any of Employer's subsidiaries or affiliates in any geographic area in which Employer conducts business at the time of the termination or expiration of the employment relationship. Notwithstanding the foregoing, nothing contained herein shall prevent Employee from engaging in a business or accepting employment with a business, which does not provide services to the gaming industry or that is unassociated with the gaming industry in its entirety.

Appears in 4 contracts

Samples: Employment Agreement (PDS Gaming Corp), Employment Agreement (PDS Gaming Corp), Employment Agreement (PDS Gaming Corp)

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Scope and Term. During the Term of this Agreement and for an -------------- additional period after the expiration or termination of the employment relationship between Employer MIKOHN and Employee (excluding a termination as specified in Section 7 and Section 8)Employee, which period shall be the shorter of (i) the number of days Employee has been employed by Employer MIKOHN or (ii) six (6) monthsmonths (the "Initial Non-Compete Term"), Employee shall not directly or indirectly engage in or become a partner, officer, principal, employee, consultant, investor, creditor or stockholder of any business, proprietorship, association, firm, corporation or any other business entity which is engaged or proposes to engage or hereafter engages in any business which competes with the business of Employer MIKOHN and/or any of EmployerMIKOHN's subsidiaries or affiliates in any geographic area in which Employer MIKOHN conducts business at the time of the termination or expiration of the employment relationship. Notwithstanding the foregoing, nothing contained herein shall prevent Employee from engaging in a business or accepting employment with a business, business which does not provide services sell to the gaming industry or that is unassociated with the gaming industry in its entiretyindustry.

Appears in 1 contract

Samples: Employment Agreement (Mikohn Gaming Corp)

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Scope and Term. During the Term of this Agreement and for an additional period after the expiration or termination of the employment relationship between Employer MIKOHN and Employee (excluding a termination as specified in Section 7 and Section 8)Employee, which period shall be the shorter of (i) the number of days Employee has been employed by Employer MIKOHN or (ii) six (6) monthsmonths (the “Initial Non-Compete Term”), Employee shall not directly or indirectly engage in or become a partner, officer, principal, employee, consultant, investor, creditor or stockholder of any business, proprietorship, association, firm, corporation or any other business entity which is engaged or proposes to engage or hereafter engages in any business which competes with the business of Employer MIKOHN and/or any of Employer's MIKOHN’s subsidiaries or affiliates in any geographic area in which Employer MIKOHN conducts business at the time of the termination or expiration of the employment relationship. Notwithstanding the foregoing, nothing contained herein shall prevent Employee from engaging in a business or accepting employment with a business, business which does not provide services sell to the gaming industry or that is unassociated with the gaming industry in its entiretyindustry.

Appears in 1 contract

Samples: Employment Agreement (Mikohn Gaming Corp)

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