Changes to Non-Competition Agreement Sample Clauses
Changes to Non-Competition Agreement. The Company shall not amend the provisions of any Non-Competition Agreement unless such amendment is offered to each of the other Persons that are then parties to a Non-Competition Agreement with the Company. The Company shall not enter into a non-competition agreement after the date hereof that differs in any material respect from the terms of the form attached hereto as Exhibit A (as such form may be amended in accordance with this Section 5.08) unless (i) the terms of such proposed non-competition agreement are offered to each of the other Persons that are then parties to a Non-Competition Agreement with the Company, or (ii) such action is approved by at least four Original Owners; provided, however, that for purposes of this clause (ii), the approval of an Original Owner and any Affiliate of such Original Owner shall be deemed to constitute the approval of only one Original Owner.
Changes to Non-Competition Agreement. The Company shall not amend the provisions of any Non-Competition Agreement unless such amendment is offered to each of the other Persons that are then parties to a Non-Competition Agreement with the Company. The Company shall not enter into a Non-Competition Agreement after the date hereof that differs in any material respect from the terms of the form attached hereto as Exhibit A (as such form may be amended in accordance with this Section 5.08) unless (i) the terms of such proposed Non-Competition Agreement are offered to each of the other Persons that are then parties to a Non-Competition Agreement with the Company, or (ii) such action is approved by a majority of the whole Board, which majority includes the affirmative vote of at least four Original Owner Directors (or, if there are fewer than four Original Owner Directors at the time such vote is taken, at least such number of Original Owner Directors as equals one less than all such Original Owner Directors).