Non-Competition. In connection with the sale of all of Employee’s stock in IPS, including the transfer of goodwill, which the Parent considers to be a valuable asset, and in exchange for good and valuable consideration offered to the Employee including the payments and benefits under this Agreement, the Employee agrees, during the term of this Agreement and for twenty-four (24) consecutive months thereafter beginning on the Termination Date (the “Non-Compete Term”), to run consecutively, beginning on the last day of the term, to be bound by the non-compete provisions contained herein in order to protect the goodwill of the Company acquired by the Parent under the Acquisition Agreement and the legitimate business interests of the Company described under [Section 4.5] herein. Employee agrees and covenants not to (on Employee’s own behalf or that of any Person other than the Company) engage in Prohibited Activity during the Non-Compete Term.
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