Non-Compete Obligations. In the below identified capacities, during Executive’s employment and for a period of twelve (12) months immediately after Executive’s voluntary or involuntary termination, Executive will not (1) engage in any Company Competitive Business within the Company Restricted Geographic Area and (2) will not engage in any Company Competitive Business outside the Company Restricted Geographic Area if such work impacts or influences any Company Competitive Business within the Company Restricted Geographic Area:
Non-Compete Obligations. For purposes of this Section 7 only, the term "the Company" shall include the Company's affiliates. Xx. Xxxxxxx'x obligations with respect to competing with the Company and soliciting the Company's employees and customers (together the "Non-Compete Obligations") shall be as follows:
Non-Compete Obligations. The purposes of paragraph 14 and this paragraph 15 are to protect the Company from unfair loss of goodwill and business advantage and to shield Employee from pressure to use or disclose Confidential Information or to trade on the goodwill belonging to the Company. Accordingly, during the Post-Termination Non-Compete Term, Employee shall not engage or participate in any manner, whether directly or indirectly through any family member or as an employee, employer, consultant, agent, principal, partner, shareholder, officer, director, licensor, lender, lessor, or in any other individual or representative capacity, in any business or activity that is in engaged in leasing, acquiring, exploring, developing or producing hydrocarbons and related products within the boundaries of, or within a four mile radius of the boundaries of, any mineral property interest of the Company or its Affiliates (including, without limitation, a mineral lease, overriding royalty interest, production payment, net profits interest, mineral fee interest, or option or right to acquire any of the foregoing, or an area of mutual interest as designated pursuant to contractual agreements between the Company or its Affiliates and any third party) or any other property on which the Company or its Affiliates have an option, right, license, or authority to conduct or direct exploratory activities, such as three dimensional seismic acquisition or other seismic, geophysical and geochemical activities (but not including any preliminary geological mapping), as of the Date of Termination or as of the end of the six-month period following such Date of Termination; provided, however, that this subparagraph shall not preclude Employee from making personal investments in securities of oil and gas companies that are registered on a national stock exchange, if the aggregate amount owned by Employee and all family members and affiliates does not exceed 1% of such company’s outstanding securities.
Non-Compete Obligations. In exchange for Employee’s access to the Company’s Confidential Information, which Employee agrees is good and valuable consideration, the Employee agrees to the following restrictions:
Non-Compete Obligations. The purposes of paragraph 15 and this paragraph 16 are to protect the Company from unfair loss of goodwill and business advantage and to shield Employee from pressure to use or disclose Confidential Information or to trade on the goodwill belonging to the Company. Accordingly, during the Post-Termination Non-Compete Term, Employee shall not engage or participate in any manner, whether directly or indirectly through any family member or as an employee, employer, consultant, agent, principal, partner, shareholder, officer, director, licensor, lender, lessor, or in any other individual or representative capacity, in (i) any business or activity that is competitive with the Business or, (ii) in leasing, acquiring, exploring, developing, or producing hydrocarbons and related products in any geographic or market area in which the Company is conducting or has conducted any material amount of oil and gas exploration and production activities as of the Date of Termination or as of the end of the six-month period following such Date of Termination; provided, however, that this subparagraph shall not preclude Employee from making personal investments in securities of oil and gas companies that are registered on a national stock exchange, if the aggregate amount owned by Employee and all family members and affiliates does not exceed 1% of such company’s outstanding securities.
Non-Compete Obligations. In consideration of the payments, benefits and other obligations of the Employer to the Employee pursuant to this Agreement, including, without limitation, the Employer's obligation to provide the Employee with Confidential Information pursuant to Section 7.1 hereof, and in order to protect such Confidential Information and preserve the goodwill of the Related Parties, the Employee hereby covenants and agrees to the following provisions.
Non-Compete Obligations. (a) Mr. Xxxxxx'x xxxigations with respect to competing with the Company and soliciting its employees shall be as follows:
Non-Compete Obligations. I. During his/her mandate with the Company, the Director, directly or indirectly, either in his/her own name or as employee, agent, director, manager, partner, shareholder, investor or in any other capacity, agrees and undertakes not to:
Non-Compete Obligations. Employee agrees not to compete with the Company and its affiliates in the seismic service industry during employment with the Company. In addition, following termination of employment by the Company without Cause, Employee agrees that she will not compete in the seismic service industry as more specifically set forth in Exhibit A. Furthermore, following termination of employment due to Death/Disability, by the Company with Cause, or Resignation by Employee, upon confirmation by the Company that it intends to pay Employee Severance pursuant to Section 2.3 of this Agreement and, thus, enforce the Employee’s non-compete obligations under this Section, Employee agrees that he will not compete in the seismic service industry as more specifically set forth in Exhibit A. Employee agrees that the restrictions set forth in this paragraph and Exhibit A are intended to protect the legitimate business interests of the Company and its proprietary and confidential information that will provided to Employee during employment. Employee agrees that the time, geographic and scope of activity limitations set forth in Exhibit A are reasonable and necessary to protect the Company’s legitimate business interests. Employee further acknowledges that in the event of Employee’s termination, Employee’s knowledge, experience and capabilities are such that Employee can obtain employment in business activities which are of a different and non-competing nature than those performed in the course of Employee’s employment with the Company.
Non-Compete Obligations. In view of, among other things, the payment of the Fee by TIMET to XXXXXX, the proprietary information and technical assistance to be made available to XXXXXX and TIMET’s provision of the titanium products as set forth in Article 10, during the term of this Agreement, XXXXXX (including its Affiliates) shall not, except as contemplated in this Agreement with respect to the performance of Titanium Conversion Services for the benefit of TIMET and its Affiliates or designees, directly or indirectly through any Affiliate or other person in which it has an equity interest, anywhere in the world, (i) provide, directly or indirectly, Titanium Conversion Services with the Operating Assets to any third party, or grant any third party access to, or the right to use, either directly or indirectly, the Operating Assets for purposes of performing any Titanium Conversion Services; or (ii) engage in the manufacturing of titanium or titanium alloys other than cold reduced titanium seamless tubing (except as specifically permitted in this Agreement). In the event that TIMET has not fulfilled its obligations under Article 10 hereof relating to TIMET’s supply of titanium sheet and plate products to XXXXXX, XXXXXX shall be relieved of its obligations under clause (ii) of this Article 11 for the period in which such product shortfall occurred (on an annualized basis) but only to the extent of the actual product supply shortfall.
