Forfeiture of Option. Notwithstanding the provisions of Section 6 above, this Option shall terminate immediately and become void and of no effect if Optionee shall enter into "Competition with the Company." "Competition with the Company" shall mean serving as principal, agent, salesman, employee or officer with any entity competing with the Company or a subsidiary of the Company in any market in which the Company or a subsidiary of the Company does business during the term of the Option.
Appears in 4 contracts
Samples: Stock Option Agreement (Powers Joe L), Stock Option Agreement (Moore Sam Z), Stock Option Agreement (Moore S Joseph)
