Common use of Competitive Activity Clause in Contracts

Competitive Activity. “Competitive Activity” means that Executive’s participation, without the written consent of an officer of the Company, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company and such enterprise’s revenues derived from any product or service competitive with any product or service of the Company amounted to 10% or more of such enterprise’s revenues for its most recently completed fiscal year and if the Company’s revenues for such product or service amounted to 10% of the Company’s revenues for its most recently completed fiscal year. “Competitive Activity” will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise.

Competitive Activity. The term “Competitive Activity” means that Executiveshall mean the Employee’s participation, without the written consent of an officer of the Company, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company and such enterprise’s revenues derived from sales of any product or service competitive with any product or service of the Company amounted to 1025% or more of such enterprise’s revenues net sales for its most recently completed fiscal year and if the Company’s revenues for such net sales of said product or service amounted to 1025% of the Company’s revenues net sales for its most recently completed fiscal year. “Competitive Activity” will shall not include (ia) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and or (iib) participation in the management of any such enterprise or business operation thereof other than in connection with the competitive operations operation of such enterprise.

Competitive Activity. “Competitive Activity” means that Executive’s participation, without the written consent of an officer of the CompanyCorporation, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company Corporation and such enterprise’s revenues derived from any product or service competitive with any product or service of the Company Corporation amounted to 10% or more of such enterprise’s revenues for its most recently completed fiscal year and if the CompanyCorporation’s revenues for such product or service amounted to 10% of the CompanyCorporation’s revenues for its most recently completed fiscal year. “Competitive Activity” will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise.

Competitive Activity. “Competitive Activity” " means that Executive’s 's participation, without the written consent of an officer of the CompanyCorporation, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company Corporation and such enterprise’s 's revenues derived from any product or service competitive with any product or service of the Company Corporation amounted to 10% or more of such enterprise’s 's revenues for its most recently completed fiscal year and if the Company’s Corporation's revenues for such product or service amounted to 10% of the Company’s Corporation's revenues for its most recently completed fiscal year. “"Competitive Activity” " will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise.

Competitive Activity. “For purposes of this Agreement, the term "Competitive Activity” means that " shall mean the Executive’s 's participation, without the written consent of an officer of the Company, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company and such enterprise’s revenues derived from 's sales of any product or service competitive with any product or service of the Company amounted to 1025% or more of such enterprise’s revenues 's net sales for its most recently completed fiscal year and if the Company’s revenues for such 's net sales of said product or service amounted to 1025% of the Company’s revenues 's net sales for its most recently completed fiscal year. “"Competitive Activity” will " shall not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and or (ii) participation in the management of any such enterprise or business operation thereof other than in connection with the competitive operations operation of such enterprise.

Competitive Activity. For purposes of this Agreement, the term “Competitive Activity” means that shall mean the Executive’s participation, without the written consent of an officer of the Company, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company and such enterprise’s revenues derived from sales of any product or service competitive with any product or service of the Company amounted to 1025% or more of such enterprise’s revenues net sales for its most recently completed fiscal year and if the Company’s revenues for such net sales of said product or service amounted to 1025% of the Company’s revenues net sales for its most recently completed fiscal year. “Competitive Activity” will shall not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and or (ii) participation in the management of any such enterprise or business operation thereof other than in connection with the competitive operations operation of such enterprise.