Common use of TERM OF RESTRICTIVE COVENANTS Clause in Contracts

TERM OF RESTRICTIVE COVENANTS. The term of the restrictive covenants in this Section 3.1 (the “Non-Compete Term”) shall commence on the Effective Date and shall terminate on (i) the second anniversary of a termination of Employee’s employment that is (A) by the Company for Cause (as hereinafter defined) or (B) by Employee other than a Justifiable Resignation (as hereinafter defined) or (ii) subject to Section 3.1(c), the second anniversary of a termination of Employee’s employment that is (A) by the Company without Cause or due to Disability (as hereinafter defined), (B) by Employee due to a Justifiable Resignation or (C) in connection with, or following, the expiration of the Employment Term without extension under Section 1.1.

Appears in 4 contracts

Samples: Employment Agreement (New Century Transportation, Inc.), Employment Agreement (New Century Transportation, Inc.), Employment Agreement (New Century Transportation, Inc.)

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