Common use of Post-Term Covenant Not to Compete Clause in Contracts

Post-Term Covenant Not to Compete. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors will not, for a period of one (1) year after the termination or expiration of this Agreement, on their own account or as an employee, agent, consultant, partner, officer, director or shareholder of any other person, firm, entity, partnership or corporation: (A) seek to employ any person who is at that time employed by COST CUTTERS or by any other Cost Cutters, City Looks or We Care Hair(R) franchise, or induce any such employee to terminate his or her employment or (B) own, operate, lease, franchise, conduct, engage in, be connected with, have any interest in or assist any person or entity engaged in any hairstyling, ▇▇▇▇▇▇ or other business that is in any way competitive with or similar to the Cost Cutters businesses conducted by COST CUTTERS or COST CUTTERS' franchisees, which is located within six (6) miles of either the Franchised Location or any other Cost Cutters businesses operated by COST CUTTERS or any of COST CUTTERS' franchisees, or which is located within any exclusive area granted by COST CUTTERS or any affiliate or area developer of COST CUTTERS pursuant to any franchise, development, license or other territorial agreement. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors expressly agree that the one (1) year period and the six (6) mile limit are the reasonable and necessary time and distances required to protect COST CUTTERS and COST CUTTERS' franchisees if this Agreement expires or is terminated for any reason, and that this covenant not to compete is necessary to permit COST CUTTERS the opportunity to resell and/or develop a new Cost Cutters business at or in the area near the Franchised Location.

Post-Term Covenant Not to Compete. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors will not, for a period of one (1) year after the termination or expiration of this Agreement, on their own account or as an employee, agent, consultant, partner, officer, director director, member or shareholder of any other person, firm, entity, partnership or corporation: (A) seek to employ any person who is at that time employed by COST CUTTERS or by any other Cost Cutters, City Looks or We Care Hair(R) franchisefranchisee, or induce any such employee to terminate his or her employment employment; or (B) own, operate, lease, franchise, conduct, engage in, be connected with, have any interest in or assist any person or entity engaged in any hairstyling, ▇▇▇▇▇▇ or other business that is in any way competitive with or similar to the Cost Cutters businesses conducted by COST CUTTERS or COST CUTTERS' franchisees, franchisees which is located either within the Franchised Area or within six (6) miles of either the Franchised Location or any other Cost Cutters businesses business operated by COST CUTTERS or any of COST CUTTERS' franchisees, or which is located within any exclusive area granted by COST CUTTERS or any affiliate or area developer of COST CUTTERS pursuant to any franchise, development, license or other territorial agreement. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors expressly agree that the one (1) year period period, the Franchised Area and the six (6) mile limit are the reasonable and necessary time and distances geographical limitations required to protect COST CUTTERS and COST CUTTERS' franchisees if this Agreement expires or is terminated for any reason, and that this covenant not to compete is necessary to permit COST CUTTERS the opportunity to resell and/or further develop a new Cost Cutters business at or businesses in the area near the Franchised LocationArea.