Common use of Limitations on Competition Clause in Contracts

Limitations on Competition. In consideration of the rights and benefits Executive will receive under this Agreement, from the date of this Agreement through the date that is (i) one (1) year after the Date of Termination for a termination pursuant to Section 7(i) or Section 7(vi); (ii) one (1) year after the termination of this Agreement due to non-extension of the Agreement by the Executive pursuant to Section 2; or (iii) eighteen (18) months after the Date of Termination for a termination pursuant to Section 7(iv) or Section 7(v), Executive shall not, directly or indirectly, alone or in conjunction with any other Person accept or take a