Common use of Termination Without Cause or For Disability Clause in Contracts

Termination Without Cause or For Disability. In the event that the employment of the Holder is terminated by the Corporation without Cause or as a result of the total disability of the Holder, Holder hereby agrees that only during the period that the Holder accepts continued disability and/or severance compensation payments from the Corporation, he shall not, either in Holder's own behalf or as a partner, officer, director, employee, agent or shareholder engage in, invest in or render services to any person or entity engaged in the businesses in which the Corporation is then engaged and situated within the United States of America. Nothing contained in this Section 17(b) shall be construed as restricting the Holder's right to sell or otherwise dispose of any business or investments owned or operated by the Holder as of the date hereof.