Common use of Competitive Product Clause in Contracts

Competitive Product. Competitive Product" shall mean a product or service, made or provided by a Competitor, which is the same as or is directly competitive with one with respect to which the Employee acquired confidential information relating to the Company, or its business, products or services by reason of the Employee's work with the Company.

Appears in 9 contracts

Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)

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Competitive Product. Competitive Product" shall mean a product or service, made developed, marketed, distributed or provided by a Competitor, which is the same as or is directly competitive with one a product or service constituting a part of the Business and with respect to which the Employee Stockholder has acquired confidential information relating to the Company, or its business, products or services Confidential Information by reason of the EmployeeStockholder's work position and duties with the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tektronix Inc), Noncompetition Agreement (Tektronix Inc)

Competitive Product. Competitive Product" shall mean a product or service, made developed, marketed, distributed or provided by a Competitor, which is the same as or is directly competitive with one a product or service constituting a part of the Business and with respect to which the Employee Stockholder has acquired confidential information relating to the Company, or its business, products or services Confidential Information by reason of the Employee's work Stockholder’s position and duties with the Company.

Appears in 2 contracts

Samples: Stockholder Noncompetition Agreement (Inet Technologies Inc), Stockholder Noncompetition Agreement (Inet Technologies Inc)

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Competitive Product. Competitive Product" shall mean means any product, process or service (including any component thereof or research to develop information useful in connection with a product or service) that is being designed, made developed, assembled, manufactured, marketed or provided sold by a Competitor, anyone other than RSI and which is of the same as general type, performs similar functions, competes with or is directly competitive with one with respect to which used for the Employee acquired confidential information relating to the Company, or its business, products or services by reason of the Employee's work with the Companysame purposes as a RSI Product.

Appears in 1 contract

Samples: Rsi Systems Inc/Mn

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