Common use of Reasonable Restriction Clause in Contracts

Reasonable Restriction. The Employee expressly and unequivocally agrees ---------------------- that for a period of one year from the termination of this Agreement he shall not in either the City of New York or in Nassau County or both, directly or indirectly own, manage, operate, control, be employed by, participate in, or be connected in any manner with a mortgage brokerage or business similar to the business being conducted by the Employer when this Agreement terminates. Notwithstanding the above, during the one year period after this agreement terminates, within New York City or Nassau County the Employee may be employed by a nationallly chartered or state chartered bank or savings and loan or a New York State licensed Mortgage Banker as defined in the regulations of the New York State Banking Department. Employee further agrees that this restriction is reasonable, and the Employee represents that this restriction is in no manner burdensome to the Employee.