Limitations on Post-Termination Competition Clause Samples

Limitations on Post-Termination Competition. Executive hereby covenants and agrees that at no time during Executive's employment with Company and for a period of one year immediately following termination of Executive's employment with Company, whether voluntary or involuntary, Executive shall not perform Services within the Territory for any Person providing or offering goods or services identical to or reasonably substitutable for Company's Business. Executive acknowledges that (i) this covenant has unique, substantial, and immeasurable value to Company, (ii) this covenant is reasonably limited in scope and geography to protect Company's legitimate business interests, including its property, confidential information and relationships, good will, economic advantage, and customer relationships; (iii) the agreements, covenants and undertakings of Executive set forth in this Agreement will not preclude Executive from becoming gainfully employed following termination of employment with Company; and (iv) the services Executive intends and is expected to provide are special and unique.

Limitations on Post-Termination Competition. During the Restriction Period, Executive shall not provide any Services within the Territory to any person or entity developing, designing, manufacturing, marketing, selling, distributing or installing any Products.

Limitations on Post-Termination Competition. During employment and for a period of 24 months following his Termination Date, Executive will not, within the Territory, be employed or engaged by a Competing Business as a director, executive, officer, manager, consultant or equivalent position.

Limitations on Post-Termination Competition. During employment and for six months after the termination for any reason of Executive's employment, or for such longer period as Executive is receiving benefits under Section 5(c)(i) and (ii) hereof, Executive will not in competition with the Company provide any Services within the Territory to any person or entity developing, manufacturing, marketing, selling, distributing or installing any Products, without the prior written approval of the Company.

Limitations on Post-Termination Competition. During employment and for a period equal to the longer of (i) 12 months following his Termination Date or (ii) the period during which Executive is paid pursuant to the terms of his Employment Agreement, Executive will not, within the Territory, be employed or engaged by a Competing Business as a employee, director, executive, officer, manager, consultant or equivalent position.

Limitations on Post-Termination Competition. During employment with the Company and for 12 months after the expiration or termination for any reason of Executive’s employment, Executive shall not provide any Services within the Territory to any person or entity developing, designing, manufacturing, marketing, selling, distributing or installing any Products. Notwithstanding the foregoing, if a Change in Control occurs during the term of this Agreement, and Executive is thereafter Involuntarily Separated from Service or Separates from Service for Good Reason during the employment term, Executive shall not, for 24 months following Executive’s last day of employment, provide any Services within the Territory to any person or entity developing, designing, manufacturing, marketing, selling, distributing or installing any Products.

Limitations on Post-Termination Competition. Employee hereby covenants and agrees that during Employee’s employment with the Buyer, and for 2 years immediately following any termination of Employee’s employment with the Buyer for any reason, Employee will not, within the Territory, directly engage in the Business, or accept employment or engagement as a director, executive, officer, manager, salesman, researcher or consultant with any person or entity engaging in whole or in part in the Business; provided, however, that nothing contained in this Article 4 shall prohibit Employee from acquiring not more than five percent (5%) of any company whose common stock is publicly traded on a national securities exchange or in the over-the-counter market. Employee acknowledges that (a) this covenant has unique, substantial, and immeasurable value to the Parent and its Affiliates, (b) this covenant is reasonably limited in scope and geography to protect the Parent’s and its Affiliates’ legitimate business interests, including their property, confidential information and relationships, good will, economic advantage, and customer relationships; (c) the agreements, covenants and undertakings of Employee set forth in this Agreement will not preclude Employee from becoming gainfully employed following termination of employment with the Buyer; and (d) the services Employee intends and is expected to provide are special and unique.

Limitations on Post-Termination Competition. During employment with the Company and for two years after the termination for any reason of Employee’s employment, Employee will not provide any Services within the Territory to any person or entity developing, manufacturing, marketing, selling, distributing or installing any Products.