Competitive Activity Restriction Clause Samples
A Competitive Activity Restriction clause prohibits one party from engaging in business activities that directly compete with the other party during a specified period or within a certain geographic area. Typically, this clause applies to employees, contractors, or business partners, and may restrict them from working for competitors, starting a similar business, or soliciting clients from the protected party. Its core function is to protect the legitimate business interests of the party imposing the restriction by preventing unfair competition and safeguarding confidential information or customer relationships.
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Competitive Activity Restriction. Executive, personally or through any Affiliate of Executive, shall not conduct any Competitive Activity other than through the Company (and through those companies described in Section B.2), unless a majority of the Company's Board of Directors, which majority must include a majority of the Independent Directors, have determined that such Competitive Activity will not have a material adverse effect on the business or operations of the Company. Notwithstanding any other provision of this Agreement, Executive agrees that, during the time he is employed by the Company, Executive shall present to the Company all opportunities that arise to engage in Competitive Activities.
Competitive Activity Restriction. Executive, personally or through any Affiliate of Executive, shall not conduct any Competitive Activity other than through the Company, without the prior written consent of the Company. Notwithstanding any other provision of this Agreement, and without limiting any obligations to the Company that Executive may have without regard hereto, Executive agrees that, during the time he is employed by the Company, Executive shall present to the Company all opportunities that arise to engage in Competitive Activities unless Executive reasonably determines that such opportunities are not appropriate for the Company.
Competitive Activity Restriction. Executive, personally or through any Affiliate of Executive, shall not conduct any Competitive Activity other than through the Company, unless a majority of the Board, which majority must include a majority of the Independent Trustees, have determined that such Competitive Activity will not have a material adverse effect on the business or operations of the Company. Notwithstanding any other provision of this Agreement, and without limiting any obligations to the Company that Executive may have without regard hereto, Executive agrees that, during the time he is employed by the Company, Executive shall present to the Company all opportunities that arise to engage in Competitive Activities unless Executive reasonably determines that such opportunities are not appropriate for the Company.
Competitive Activity Restriction. Executive, personally or through any -------------------------------- Affiliate of Executive, shall not conduct any Competitive Activity unless permitted pursuant to the terms of this Paragraph. A majority of the Board members may determine that a Competitive Activity will not have a material adverse effect on the operations of any Office or Industrial Property that the Company either owns or has a right to acquire and permit Executive to enter into a Competitive Activity. Notwithstanding any other provision of this Agreement, Executive agrees that, during the time he is employed by the Company, Executive shall first present to the Company all opportunities that arise to engage in Competitive Activities. In the event the Company declines an opportunity that is not in any sub-market in which the Company conducts its business, Executive shall have the right to engage in that Competitive Activity. In the event that the Competitive Activity is in any sub- market in which the Company conducts its business, Executive shall be prohibited from engaging in such Competitive Activity.