Document ID: 11074

Text:
(a)Non-Competition. Executive shall not, while Executive is employed by the Employer and for two (2) years after the date of any Separation (the Restricted Period), directly or indirectly, engage, without the prior express written consent of the Board, in any business or activity, whether as an employee, consultant, partner, principal, agent, representative, director, stockholder or in any other individual, corporate or representative capacity, or render any services or provide any advice to any business, activity, service or Person, if such business, activity, service or Person competes with the Business or could reasonably be assumed to subsequently provide products or services which would compete with the Business. In addition, Executive shall not, during the Restricted Period, assist, help or otherwise support, without the prior express written consent of the Employer, any Person, business or other activity, whether as an employee, consultant, partner, principal, agent, representative, director, stockholder or in any other individual, corporate or representative capacity, to create, commence or otherwise initiate, or to develop, enhance or otherwise further, any business or activity if such business or activity competes (or is reasonably likely to compete (as determined by the Board in its sole discretion)) with the Business. Notwithstanding the foregoing, Executive shall not be prohibited during the Restricted Period from being a passive investor where Executive owns not more than five percent (5%) of the outstanding capital stock of any publicly-held company.

Named Entities:
278
279
Percentage

Tokenized Text:
(
a
)
Non-Competition
.
Executive
shall
not
,
while
Executive
is
employed
by
the
Employer
and
for
two
(
2
)
years
after
the
date
of
any
Separation
(
the
Restricted
Period
)
,
directly
or
indirectly
,
engage
,
without
the
prior
express
written
consent
of
the
Board
,
in
any
business
or
activity
,
whether
as
an
employee
,
consultant
,
partner
,
principal
,
agent
,
representative
,
director
,
stockholder
or
in
any
other
individual
,
corporate
or
representative
capacity
,
or
render
any
services
or
provide
any
advice
to
any
business
,
activity
,
service
or
Person
,
if
such
business
,
activity
,
service
or
Person
competes
with
the
Business
or
could
reasonably
be
assumed
to
subsequently
provide
products
or
services
which
would
compete
with
the
Business
.
In
addition
,
Executive
shall
not
,
during
the
Restricted
Period
,
assist
,
help
or
otherwise
support
,
without
the
prior
express
written
consent
of
the
Employer
,
any
Person
,
business
or
other
activity
,
whether
as
an
employee
,
consultant
,
partner
,
principal
,
agent
,
representative
,
director
,
stockholder
or
in
any
other
individual
,
corporate
or
representative
capacity
,
to
create
,
commence
or
otherwise
initiate
,
or
to
develop
,
enhance
or
otherwise
further
,
any
business
or
activity
if
such
business
or
activity
competes
(
or
is
reasonably
likely
to
compete
(
as
determined
by
the
Board
in
its
sole
discretion
)
)
with
the
Business
.
Notwithstanding
the
foregoing
,
Executive
shall
not
be
prohibited
during
the
Restricted
Period
from
being
a
passive
investor
where
Executive
owns
not
more
than
five
percent
(
5
%
)
of
the
outstanding
capital
stock
of
any
publicly-held
company
.