Business Definition. As used herein, “Company Business” shall mean the business and operations performed by the Company and/or any other member of the Company Group for which Executive provides services or about which Executive obtains Confidential Information during Executive’s employment with the Company or any other member of the Company Group, as applicable, including, without limitation, the business of acquiring, exploiting developing, and operating oil and gas assets. Any business that is engaged in or planning to become engaged in activities that compete in whole or in part with the Company Business is considered a “Competing Business.” However, for purposes of this Agreement, the term Competing Business shall not include any business that is exclusively engaged in activities that compete solely with any portion of the Company Business for which Executive had no responsibility or involvement, and about which Executive had no access to Confidential Information or Company Relationships, in each case, during Executive’s employment with the Company or any other member of the Company Group, as applicable.
Business Definition. As of the date hereof, the Company owns all the issued and outstanding common stock, par value $0.01 per share (the "Spinco Common Stock"), of e-Point Technologies, Inc. ("Spinco"). Spinco may engage in the business of (x) designing, developing, assembling, manufacturing, using, selling, licensing, leasing, servicing, supporting and maintaining point of sale vending terminals in connection with, or for use in, bill xxxment systems, including prepaid telephone cards, and (y) the processing and executing of high volume cash-oriented transactions, principally in retail environments, by electronic means, including, but not limited to e-commerce, but expressly excluding, in each case, without limitation, lottery-related applications (the "Spinco Business"). The "Retained Business" shall mean all of the businesses retained by the Company following the Contribution (as hereinafter defined), including, without limitation: the business of designing, developing, assembling, manufacturing, using, selling, licensing, leasing, servicing, supporting and maintaining point of sale vending terminals for lottery-related and other applications, but excluding bill xxxment system and prepaid cellular telephones and prepaid cellular telephone card applications.
