Against Competition Clause Samples
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Against Competition. In consideration for the compensation payable hereunder, in particular the retention bonus and contingent stock, Executive agrees that, during the Restricted Period, Executive shall not, directly or indirectly, in the Territory: (i) engage in any Competitive Business; (ii) undertake to plan or organize any Competing Entity; (iii) become associated or connected in any way with, participate in, be employed by, render services to, or consult with, any Competing Entity (nor shall Executive discuss the possibility of employment or other relationship with any Competing Entity); or (iv) own any direct or indirect interest in any other Competing Entity; provided, however, this limitation shall not be interpreted as prohibiting the Executive from investing in a Competing Entity that is a public company so long as such investment does not exceed 1% of the outstanding securities of such public company and the Employee discloses in writing to the Company (1) the name of the public company and the number of shares which he owns, and (2) any material change in his ownership.
Against Competition. Employee agrees that during the Covenant Period, Employee shall not, directly or indirectly, either individually or on behalf of any Competing Entity:
(i) compete with the Company or engage in any aspect of the Company's Business anywhere within the Territory;
(ii) undertake to plan or organize any Competing Entity within the Territory, nor shall Employee consult or discuss the possibility of employment or other relationship with any Competing Entity within the Territory (notwithstanding anything else contained herein to the contrary, during the last six months of the Covenant Period, the Employee may plan, but not take action, for his post Covenant Period activities); and/or
(iii) become associated or connected in any way with, participate in, be employed by, render services to, or consult with, any Competing Entity within the Territory.
Against Competition. Each of the Principals and the Seller acknowledges that: (i) the principal business of the Seller is the manufacture and sale of loudspeakers (the "Company Business"); (ii) each of the Principals is one of the limited number of persons who has developed such business; (iii) the business of the Seller is national and international in scope; (iv) the work of each of the Principals for the Seller has brought him and his work for the Buyer will continue to bring him into close contact with many confidential affairs not readily available to the public; and
Against Competition. During the Term of this Agreement, Consultant shall not engage or become interested in, directly or indirectly, as owner, shareholder, member, partner, co-venturer, director, officer, employee, agent, consultant or otherwise, any activity which is then engaged in by the Company, nor employ or attempt to employ any employee of the Company, or otherwise encourage or attempt to encourage any employee of the Company to leave the Company's employ. Beneficial or record ownership of not more than one percent of the outstanding capital stock of any publicly traded corporation for which the Consultant performs no active management or consulting services shall not be a violation of this Section.
Against Competition. Employee agrees that during the Covenant Period, Employee shall not, directly or indirectly, either individually or on behalf of any Competing Entity:
(i) compete with the Company or engage in any aspect of the Company's Business anywhere within the Territory;
(ii) undertake to plan or organize any Competing Entity within the Territory, nor shall Employee consult or discuss the possibility of employment or other relationship with any Competing Entity within the Territory; and/or
(iii) become associated or connected in any way with, participate in, be employed by, render services to, or consult with, any Competing Entity within the Territory.
Against Competition. In consideration for the compensation payable hereunder, in particular the retention bonus and contingent stock, Executive agrees that, during the Restricted Period, Executive shall not, directly or indirectly, in the Territory: (i) engage in any Competitive Business; (ii) undertake to plan or organize any Competing Entity; (iii) become associated or connected in any way with, participate in, be employed by, render services to, or consult with, any Competing Entity (nor shall Executive discuss the possibility of employment or other relationship with any Competing Entity); or (iv) own any direct or indirect interest in any other Competing Entity.