Common use of No Competing Activities Clause in Contracts

No Competing Activities. Mariner agrees that, while he is ----------------------- employed by the Company, he shall not engage or participate in any state of the United States, directly or indirectly, either as an owner, partner, director, trustee, officer, employee, consultant, advisor or in any other individual or representative capacity, in any activity which is the same as, similar to or competitive in any manner with the business of the Company or its members or affiliates (herein, a "Competing Activity") or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market). Mariner further agrees that in the event of a termination for good cause as set forth in Section 3.2 hereof or Mariner's election to terminate employment pursuant to Section 3.3 hereof, he shall not, for a two- year period following such termination of employment, engage in a Competing Activity or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market).

Appears in 1 contract

Samples: Employment Agreement (Chatcom Inc)

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No Competing Activities. Mariner Maslaney agrees that, while he is ----------------------- employed by the Company, he shall not engage or participate in any state of the United States, directly or indirectly, either as an owner, partner, director, trustee, officer, employee, consultant, advisor or in any other individual or representative capacity, in any activity which is the same as, similar to or competitive in any manner with the business of the Company or its members or affiliates (herein, a "Competing Activity") or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market). Mariner Maslaney further agrees that in the event of a termination for good cause as set forth in Section 3.2 hereof upon the expiration of the term of this Agreement, or MarinerMaslaney's election to terminate employment pursuant to Section 3.3 hereof, he shall not, for a two- two-year period following such termination of employment, engage in a Competing Activity or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market).

Appears in 1 contract

Samples: Employment Agreement (Digital Video Systems Inc)

No Competing Activities. Mariner Xxxxxx agrees that, while he is ----------------------- employed by the Company, he shall not engage or participate in any state of the United States, directly or indirectly, either as an owner, partner, director, trustee, officer, employee, consultant, advisor or in any other individual or representative capacity, in any activity which is the same as, similar to or competitive in any manner with the business of the Company or its members or affiliates (herein, a "Competing Activity") or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market). Mariner Xxxxxx further agrees that in the event of a termination for good cause as set forth in Section 3.2 hereof upon the expiration of the term of this Agreement, or Mariner's Xxxxxx'x election to terminate employment pursuant to Section 3.3 hereof, he shall not, for a two- two-year period following such termination of employment, engage in a Competing Activity or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market).

Appears in 1 contract

Samples: Employment Agreement (Digital Video Systems Inc)

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No Competing Activities. Mariner agrees that, while he ----------------------- is ----------------------- employed by the Company, he shall not engage or participate in any state of the United States, directly or indirectly, either as an owner, partner, director, trustee, officer, employee, consultant, advisor or in any other individual or representative capacity, in any activity which is the same as, similar to or competitive in any manner with the business of the Company or its members or affiliates (herein, a "Competing Activity") or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market). Mariner _________________ further agrees that in the event of a termination for good cause as set forth in Section 3.2 hereof upon the expiration of the term of this Agreement, or Mariner______________'s election to terminate employment pursuant to Section 3.3 hereof, he shall not, for a two- two-year period following such termination of employment, engage in a Competing Activity or have any investment in a business which is engaged in a Competing Activity (other than an ownership interest of less than 5% of any company whose securities are listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or Nasdaq Small Cap Market).

Appears in 1 contract

Samples: Asset Purchase Agreement (Digital Video Systems Inc)

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