Non-Competition. You agree that your employment hereunder is on an exclusive basis, and that during the period (the “Non-Compete Period”) beginning on the Start Date and ending on the first anniversary of the end of the Employment Term (provided, however, that if you remain employed and are being paid on [[Organization B:Organization]]’s payroll through the end of the Original Employment Term, the Non-Compete Period will end on the last day of the Original Employment Term), other than as permitted by paragraph 2(c), you will not engage in any other business activity which is in conflict with your duties and obligations (including your commitment of time) hereunder. You agree that during the Non-Compete Period you shall not, directly or indirectly, engage in or participate as an owner, partner, holder or beneficiary of stock, stock options or other equity interest, officer, employee, director, manager, partner or agent of, or consultant for, any [[Organization B:Organization]] or business competing with the [[Organization B:Organization]]; provided, however, that nothing herein shall prevent you from participating in any investment activities specifically allowed under paragraph 2(c) and from investing as less than a one (1%) percent stockholder in the securities of any [[Organization B:Organization]] listed on a national securities exchange or quoted on an automated quotation system.
Non-Competition. You agree that yourYour employment hereunderwith the Company is on an exclusive and full-time basis, and that duringwhile you are employed by the period (the “Non-Compete Period”) beginning on the Start Date and ending on the first anniversary of the end of the Employment Term (provided, however, that ifCompany, you remain employed and are being paid on [[Organization B:Organization]]’s payroll through the end of the Original Employment Term, the Non-Compete Period will end on the last day of the Original Employment Term), other than as permitted by paragraph 2(c), you willshall not engage in any other business activity which is in conflict with your duties and obligations (including your commitment of time) hereunder. You agree that duringto the Company. During the Non-Compete PeriodCompetition Period, you shall not,not directly or indirectly,indirectly engage in or participate as an owner, partner, holder or beneficiary of stock, stock options or other equity interest, officer, employee, director, manager, partner or agent of, or consultant for, any [[Organization B:Organization]]business competitive with any business of the Company without the prior written consent of the Company. This provision shall not limit your right to own and have options or business competing withother rights to purchase not more than one percent (1%) of any of the [[Organization B:Organization]]; provided, however, that nothing herein shall prevent you from participating in any investment activities specifically allowed under paragraph 2(c) and from investing as less than a one (1%) percent stockholder in thedebt or equity securities of any [[Organization B:Organization]] listed onbusiness organization that is then filing reports with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, unless such ownership constitutes a national securities exchange or quoted on an automated quotation system.significant portion of your net worth.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.