Common use of Voluntary Termination and Termination for Cause Clause in Contracts

Voluntary Termination and Termination for Cause. Employee agrees that, in the event that he/she: (1) voluntarily resigns from employment with the Company; or (2) is terminated for cause from employment with the Company, he/she will not, without the prior written consent of the Company, either directly or indirectly, in the geographical area in which the Company maintains offices, sales agents, or otherwise conducts business, be employed by, own, manage, operate or control, or participate, directly or indirectly, in the ownership, management, operation, or control of, or be connected with (whether as a director, officer, employee, partner, consultant, or otherwise), any business which competes with the Company in the distribution of electronic parts, components or systems (the "Noncompetition Obligation").

Appears in 4 contracts

Samples: Non Competition Agreement (Agilysys Inc), Competition Agreement (Pioneer Standard Electronics Inc), Non Competition Agreement (Pioneer Standard Electronics Inc)

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