Common use of Business Relation Defined Clause in Contracts

Business Relation Defined. For purposes of this Agreement, the term “Business Relation” means any Person who, at any time during the Employee’s employment with the Employer, was a Person (i) that is or was a customer of any member of the Non-Compete Group, (ii) that had entered into any contract or other arrangement with any member of the Non-Compete Group for the provision of services or the sale of products, (iii) to whom any member of the Non-Compete Group furnished or planned to furnish a proposal for the performance of services or the sale of products, or (iv) with whom any member of the Non-Compete Group entered or agreed to enter into any other business relationship such as a joint venture, collaborative agreement, joint development agreement, teaming arrangement or agreement, or similar arrangement or understanding for the provision of services or sale of products.

Appears in 6 contracts

Samples: Employment Agreement (Shore Bancshares Inc), Employment Agreement (Shore Bancshares Inc), Employment Agreement (Shore Bancshares Inc)

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Business Relation Defined. For purposes of this Agreement, the term “Business Relation” means any Person who, at any time during the EmployeeExecutive’s employment with the EmployerCorporation, was a Person (i) that is or was a customer of any member of the Non-Compete Group, (ii) that had entered into any contract or other arrangement with any member of the Non-Compete Group for the provision of services or the sale of products, (iii) to whom any member of the Non-Compete Group furnished or planned to furnish a proposal for the performance of services or the sale of products, or (iv) with whom any member of the Non-Compete Group entered or agreed to enter into any other business relationship such as a joint venture, collaborative agreement, joint development agreement, teaming arrangement or agreement, or similar arrangement or understanding for the provision of services or sale of products.

Appears in 3 contracts

Samples: Change in Control Agreement (Shore Bancshares Inc), Change in Control Agreement (Shore Bancshares Inc), Change in Control Agreement (Shore Bancshares Inc)

Business Relation Defined. For purposes of this Agreement, the term “Business Relation” means any Person who, at any time during the EmployeeExecutive’s employment with the EmployerBank, was a Person (i) that is or was a customer of any member of the Non-Compete Group, (ii) that had entered into any contract or other arrangement with any member of the Non-Compete Group for the provision of services or the sale of products, (iii) to whom any member of the Non-Compete Group furnished or planned to furnish a proposal for the performance of services or the sale of products, or (iv) with whom any member of the Non-Compete Group entered or agreed to enter into any other business relationship such as a joint venture, collaborative agreement, joint development agreement, teaming arrangement or agreement, or similar arrangement or understanding for the provision of services or sale of products.

Appears in 2 contracts

Samples: Change in Control Agreement (Shore Bancshares Inc), Change in Control Agreement (Shore Bancshares Inc)

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Business Relation Defined. For purposes of this Agreement, the term “Business Relation” means any Person who, at any time during the EmployeeExecutive’s employment with the EmployerCompany, was a Person (i) that is or was a customer of any member of the Non-Compete Group, (ii) that had entered into any contract or other arrangement with any member of the Non-Compete Group for the provision of services or the sale of products, (iii) to whom any member of the Non-Compete Group furnished or planned to furnish a proposal for the performance of services or the sale of products, or (iv) with whom any member of the Non-Compete Group entered or agreed to enter into any other business relationship such as a joint venture, collaborative agreement, joint development agreement, teaming arrangement or agreement, or similar arrangement or understanding for the provision of services or sale of products.

Appears in 1 contract

Samples: Change in Control Agreement (Shore Bancshares Inc)

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