Common use of 140   H Clause in Contracts

140   H. Defined Terms.“Activity” means an activity or service of the type that, during the two years preceding my Separation, was performed for the benefit of the Company by me or any individual or business unit that I managed, directed, supervised, or supported with other than clerical, menial, or manual labor.“Competing Product” means any product or service that is sold or provided in competition with a Supported Product.“Customer” means any person or company, including all related affiliates that purchased or received a product or service from the Company during the two years preceding my Separation.“Supported Product” means any product or service that, during the two years preceding my Separation, was designed, produced, marketed, sold, or supported by me, or by any individual or business unit that I managed, directed, supervised, or supported with other than clerical, menial, or manual labor, as well as any product or service about which I, as part of my duties for the Company, learned, created, or reviewed any Confidential Information or Trade Secret. “Territory” means a county within the United States of America, or a city, town, or other municipality in any foreign nation, in which Company sold or provided more than $500,000 (USD) in the aggregate worth of products or services in the two years preceding my Separation.

Appears in 37 contracts

Samples: Deferred Share Equivalents Agreement (Timken Co), Nonqualified Stock Option Agreement (Timken Co), Deferred Share Equivalents Agreement (Timken Co)

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