Common use of Competition Restriction Clause in Contracts

Competition Restriction. During Employee’s employment by NIKE, under the terms of any offer letter, employment contract or otherwise, and for eighteen (18) months thereafter (the “Restriction Period”), Employee will not directly or indirectly own, manage, control, or participate in the ownership, management or control of, or be employed by, consult for, or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology and sports accessories business, or any other business that directly competes with NIKE or any of its parent, subsidiary or affiliated corporations (“Competitor”). This provision is subject to NIKE’s option to waive all or any portion of the Restriction Period as more specifically provided below.

Appears in 1 contract

Samples: Compete and Non Disclosure Agreement (NIKE, Inc.)

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Competition Restriction. During EmployeeEMPLOYEE’s employment by at NIKE, under the terms of any offer letter, employment contract or otherwise, and for eighteen one (181) months year thereafter (the "Restriction Period"), Employee EMPLOYEE will not directly or indirectly own, manage, control, control or participate in the ownership, management or control of, or be employed by, consult for, for or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology and sports accessories business, or any other business that directly competes with NIKE or any of its parent, subsidiary subsidiaries or affiliated corporations (a "Competitor"). This provision is subject to NIKE’s 's option to waive all or any portion of the Restriction Period as more specifically provided below.

Appears in 1 contract

Samples: Nike Inc

Competition Restriction. During EmployeeEMPLOYEE’s employment by NIKE, under the terms of any offer letter, employment contract or otherwise, and for eighteen (18) months thereafter on year thereafter, (the “Restriction Period”), Employee EMPLOYEE will not directly or indirectly indirectly, own, manage, control, or participate in the ownership, management or control of, or be employed by, consult for, or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology equipment and sports accessories business, or any other business that which directly competes with NIKE or any of its parent, subsidiary subsidiaries or affiliated corporations (“Competitor”). This provision is subject to NIKE’s option to waive all or any portion of the Restriction Period as more specifically provided below.

Appears in 1 contract

Samples: Non Disclosure Agreement (Nike Inc)

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Competition Restriction. During Employee’s EMPLOYEE's employment by NIKE, under the terms of any offer letter, employment contract or otherwise, and for eighteen one (181) months year thereafter (the "Restriction Period"), Employee EMPLOYEE will not directly or indirectly own, manage, control, control or participate in the ownership, management or control of, or be employed by, consult for, for or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology and sports accessories business, or any other business that directly competes with NIKE or any of its parent, subsidiary subsidiaries or affiliated corporations (a "Competitor"). This provision is subject to NIKE’s option to waive all or any portion porti on of the Restriction Period as more specifically provided below.

Appears in 1 contract

Samples: Disclosure Agreement (Nike Inc)

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