Common use of TERM OF NON-COMPETITION Clause in Contracts

TERM OF NON-COMPETITION. The Employee agrees that for so long as he is employed by the Company and for a period of one year after the termination thereof, whether voluntary or involuntary, he will not, directly or indirectly, whether for compensation or not, own, manage, operate, join, control or participate in, or be connected as a stockholder, officer, employee, partner, creditor, guarantor, consultant, advisor or otherwise, with a competitor that is engaged in or about to be engaged in business in any geographic area where the Company or any affiliate are doing business. The foregoing shall not be construed, however, as preventing the Employee from investing his assets in such form or manner as will not require services on the part of the Employee in the operations of the businesses in which such investments are made and provided that any such business is publicly-owned and the interest of the Employee therein is solely that of a passive investor owning not more than five (5%) percent of the outstanding equity securities of any such business.

TERM OF NON-COMPETITION. The Employee agrees that for so long as he she is employed by the Company and for a period of one year after the termination thereof, whether voluntary or involuntary, he she will not, directly or indirectly, whether for compensation or not, own, manage, operate, join, control or participate in, or be connected as a stockholder, officer, employee, partner, creditor, guarantor, consultant, advisor or otherwise, with a competitor that is engaged in or about to be engaged in business in any geographic area where the Company or any affiliate are doing business. The foregoing shall not be construed, however, as preventing the Employee from investing his her assets in such form or manner as will not require services on the part of the Employee in the operations of the businesses in which such investments are made and provided that any such business is publicly-owned and the interest of the Employee therein is solely that of a passive investor owning not more than five (5%) percent of the outstanding equity securities of any such business.

TERM OF NON-COMPETITION. The Employee agrees that for so long as he she is employed by the Company and for a period of one year after the termination thereof, whether voluntary or involuntary, he she will not, directly or indirectly, whether for compensation or not, own, manage, operate, join, control or participate in, or be connected as a stockholder, officer, employee, partner, creditor, guarantor, consultant, advisor or otherwise, with a competitor that is engaged in or about to be engaged in business in any geographic area where the Company or any affiliate are doing business. The foregoing shall not be construed, however, as preventing the Employee from investing his assets in such form or manner as will not require services on the part of the Employee in the operations of the businesses in which such investments are made and provided that any such business is publicly-owned and the interest of the Employee therein is solely that of a passive investor owning not more than five (5%) percent of the outstanding equity securities of any such business.