Competition provisions. Provisions in employment contracts that forbid employees to enter into an employment contract with the competitors of the employer are non-binding if such an engagement is wider in scope than would be necessary in order to prevent competition or unfairly limit the employee’s freedom to employment. To determine whether this is the case, each case must be evaluated on a case-by-case basis, taking into consideration all circumstances. Competition provisions, therefore, may not be worded too generally. When making an assessment of the permissible scope of a non-competition clause in a contract of employment, particularly as regards scope and time limits, the following factors must be considered:
Competition provisions. Provisions in employment contracts that prohibit workers from engaging to work with a competitor of the employer shall be non-binding if they are more extensive than is necessary to defend the employer against competition or if they unfairly restrict the worker’s freedom as regards employment. Whether this is the case must be assessed in each individual instance, taking all circumstances into account. Competition provisions may not be worded too generally. When assessing how wide-ranging the competition provisions of an employment contract may be, and particularly as regards their scope of application and the time-limits involved, the following must be taken into account:
Competition provisions. In order to induce the Company to agree to the terms of this Stock Option Grant, as modified by this Addendum, Optionee agrees that Optionee shall not, except upon a waiver by the Committee in writing of these requirements, at any time after Optionee's Disability or Retirement engage directly or indirectly, as a proprietor, equity holder, investor (except as a passive investor holding not more than ten percent (10%) of the outstanding capital stock of a publicly held company), lender, partner, director, officer, employee, consultant or representative or in any other capacity in the "Home Building Business". As used herein, the term "
Competition provisions. The following provisions replace Section 16 of the Award Agreement:
