; and (II) requires monetary compensation for the senior executive official in the event of termination of the employment of the senior executive official at an amount that is not less than the compensation that the senior executive official is or would be reasonably expected to receive from the buyer during the 1-year period following the sale. (C) Specified geographic area A specified geographic area described in this subparagraph is a geographic area— (i) that is specified in an agreement described in subparagraph (A), or a noncompete agreement described in subparagraph (B), regarding a business entity; and (ii) in which such business entity, including any division or subsidiary of such business entity, conducted business prior to the agreement or noncompete agreement. (2) Partnership dissolution or disassociation (A) In general Any partner of a partnership may enter into an agreement with any other member of the partnership that, upon the dissolution of the partnership or dissociation of the partner from such partnership, the partner will refrain from carrying on a like business within a specified geographic area described in subparagraph (B), if any other member of the partnership, or any person deriving title to the partnership or the goodwill of the partnership from any other member of the partnership, carries on a like business in such specified geographic area. (B) Specified geographic area A specified geographic area described in this subparagraph is a geographic area— (i) that is specified in an agreement described in subparagraph (A)