Common use of Non-Compete Provisions Clause in Contracts

Non-Compete Provisions. As a non-employee consultant, you agree that, among other policies and guidelines, the GTE Conflict of Interest Guidelines and the Business and Scientific Information Policy or replacement policies will apply to you. In addition, you agree not to Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 engage directly or indirectly in a Competitive Business during the Consulting Period, unless the Company approves such an arrangement in writing in advance. For purposes of this paragraph B.7, a "Competitive Business" is any inter-exchange carrier (such as MCI Communications Corporation, Sprint Corporation, AT&T Corp., WorldCom, Inc., LCI International, Inc., and Cable & Wireless PLC) and its Affiliates, any local exchange carrier (such as any Regional Bell Xxxrating Company ("RBOC") and British Telecommunications PLC) and its Affiliates, or any of the following companies and their Affiliates: Digex, Incorporated, Qwest Communications International Inc., Netscape Communications Corporation, Cisco Systems, Inc., Ascend Communications, Inc., Airtouch Communications, Inc., NEXTEL Communications, Inc., and Teleport Communications Group, Inc. An Affiliate for purposes of this paragraph B.7 shall mean any entity, whether or not incorporated, (i) in which a Competitive Business has equity ownership of 10% or more, or (ii) which provides goods or services (including but not limited to software, processing, switching, marketing, or consulting) to a Competitive Business to materially compete with GTE. You acknowledge that the obligations imposed on you pursuant to this paragraph B.7 are reasonable in their nature, scope and duration and will not deprive you of the opportunity to earn a livelihood. During and after the Consulting Period, you also will remain subject to those GTE policies which apply following termination of service. Subject to paragraph B.8, in consideration of your compliance with the provisions of this paragraph B.7, the Company will pay to you $25,000 per quarter payable in arrears, commencing with the quarter beginning July 1998 and ending with the quarter ending June 2000 (or such later date as the parties may agree in writing). If you fail to comply with the provisions of this paragraph B.7, you will forfeit your right to receive the payments described in this paragraph B.7.

Appears in 2 contracts

Samples: Separation Agreement and General Release (Gte Southwest Inc), Gte North Inc

AutoNDA by SimpleDocs

Non-Compete Provisions. As a non-employee consultant, you agree that, among other policies and guidelines, the GTE Conflict of Interest Guidelines and the Business and Scientific Information Policy or replacement policies will apply to you. In addition, you agree not to Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 engage directly or indirectly in a Competitive Business during the Consulting Period, unless the Company approves such an arrangement in writing in advance. For purposes of this paragraph B.7, a "Competitive Business" is any inter-exchange carrier (such as MCI Communications Corporation, Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 Sprint Corporation, AT&T Corp., WorldCom, Inc., LCI International, Inc., and Cable & Wireless PLC) and its Affiliates, any local exchange carrier (such as any Regional Bell Xxxrating Company ("RBOC") and British Telecommunications PLC) and its Affiliates, or any of the following companies and their Affiliates: Digex, Incorporated, Qwest Communications International Inc., Netscape Communications Corporation, Cisco Systems, Inc., Ascend Communications, Inc., Airtouch Communications, Inc., NEXTEL Communications, Inc., and Teleport Communications Group, Inc. An Affiliate for purposes of this paragraph B.7 shall mean any entity, whether or not incorporated, (i) in which a Competitive Business has equity ownership of 10% or more, or (ii) which provides goods or services (including but not limited to software, processing, switching, marketing, or consulting) to a Competitive Business to materially compete with GTE. You acknowledge that the obligations imposed on you pursuant to this paragraph B.7 are reasonable in their nature, scope and duration and will not deprive you of the opportunity to earn a livelihood. During and after the Consulting Period, you also will remain subject to those GTE policies which apply following termination of service. Subject to paragraph B.8, in consideration of your compliance with the provisions of this paragraph B.7, the Company will pay to you $25,000 per quarter payable in arrears, commencing with the quarter beginning July 1998 and ending with the quarter ending June 2000 (or such later date as the parties may agree in writing). If you fail to comply with the provisions of this paragraph B.7, you will forfeit your right to receive the payments described in this paragraph B.7.

Appears in 1 contract

Samples: Separation Agreement (Gte Florida Inc)

Non-Compete Provisions. As a non-employee consultant, you agree that, among other policies and guidelines, the GTE Conflict of Interest Guidelines and the Business and Scientific Information Policy or replacement policies will apply to you. In addition, you agree not to Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 engage directly or indirectly in a Competitive Business during the Consulting Period, unless the Company approves such an arrangement in writing in advance. For purposes of this paragraph B.7, a 5 Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 "Competitive Business" is any inter-exchange carrier (such as MCI Communications Corporation, Sprint Corporation, AT&T Corp., WorldCom, Inc., LCI International, Inc., and Cable & Wireless PLC) and its Affiliates, any local exchange carrier (such as any Regional Bell Xxxrating Company ("RBOC") and British Telecommunications PLC) and its Affiliates, or any of the following companies and their Affiliates: Digex, Incorporated, Qwest Communications International Inc., Netscape Communications Corporation, Cisco Systems, Inc., Ascend Communications, Inc., Airtouch Communications, Inc., NEXTEL Communications, Inc., and Teleport Communications Group, Inc. An Affiliate for purposes of this paragraph B.7 shall mean any entity, whether or not incorporated, (i) in which a Competitive Business has equity ownership of 10% or more, or (ii) which provides goods or services (including but not limited to software, processing, switching, marketing, or consulting) to a Competitive Business to materially compete with GTE. You acknowledge that the obligations imposed on you pursuant to this paragraph B.7 are reasonable in their nature, scope and duration and will not deprive you of the opportunity to earn a livelihood. During and after the Consulting Period, you also will remain subject to those GTE policies which apply following termination of service. Subject to paragraph B.8, in consideration of your compliance with the provisions of this paragraph B.7, the Company will pay to you $25,000 per quarter payable in arrears, commencing with the quarter beginning July 1998 and ending with the quarter ending June 2000 (or such later date as the parties may agree in writing). If you fail to comply with the provisions of this paragraph B.7, you will forfeit your right to receive the payments described in this paragraph B.7.

Appears in 1 contract

Samples: Separation Agreement and General Release (Gte California Inc)

Non-Compete Provisions. As a non-employee consultant, you agree that, among other policies and guidelines, the GTE Conflict of Interest Guidelines and the Business and Scientific Information Policy or replacement policies will apply to you. In addition, you agree not to Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 engage directly or indirectly in a Competitive Business during the Consulting Period, unless the Company approves such an arrangement in writing in advance. For purposes of this paragraph B.7, a "Competitive Business" is any inter-exchange carrier (such as MCI Communications Corporation, 5 Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 Sprint Corporation, AT&T Corp., WorldCom, Inc., LCI International, Inc., and Cable & Wireless PLC) and its Affiliates, any local exchange carrier (such as any Regional Bell Xxxrating Company ("RBOC") and British Telecommunications PLC) and its Affiliates, or any of the following companies and their Affiliates: Digex, Incorporated, Qwest Communications International Inc., Netscape Communications Corporation, Cisco Systems, Inc., Ascend Communications, Inc., Airtouch Communications, Inc., NEXTEL Communications, Inc., and Teleport Communications Group, Inc. An Affiliate for purposes of this paragraph B.7 shall mean any entity, whether or not incorporated, (i) in which a Competitive Business has equity ownership of 10% or more, or (ii) which provides goods or services (including but not limited to software, processing, switching, marketing, or consulting) to a Competitive Business to materially compete with GTE. You acknowledge that the obligations imposed on you pursuant to this paragraph B.7 are reasonable in their nature, scope and duration and will not deprive you of the opportunity to earn a livelihood. During and after the Consulting Period, you also will remain subject to those GTE policies which apply following termination of service. Subject to paragraph B.8, in consideration of your compliance with the provisions of this paragraph B.7, the Company will pay to you $25,000 per quarter payable in arrears, commencing with the quarter beginning July 1998 and ending with the quarter ending June 2000 (or such later date as the parties may agree in writing). If you fail to comply with the provisions of this paragraph B.7, you will forfeit your right to receive the payments described in this paragraph B.7.

Appears in 1 contract

Samples: Gte Hawaiian Telephone Co Inc

AutoNDA by SimpleDocs

Non-Compete Provisions. As a non-employee consultant, you agree that, among other policies and guidelines, the GTE Conflict of Interest Guidelines and the Business and Scientific Information Policy or replacement policies will apply to you. In addition, you agree not to Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 engage directly or indirectly in a Competitive Business during the Consulting Period, unless the Company approves such an arrangement in writing in advance. For purposes of this paragraph B.7, a "Competitive Business" is any inter-exchange carrier (such as MCI Communications Corporation, Sprint Corporation, AT&T Corp., WorldCom, Inc., LCI International, Inc., and Cable & Wireless PLC) and its Affiliates, any local exchange carrier (such as any Regional Bell Xxxrating Company ("RBOC") and British Telecommunications PLC) and its Affiliates, or any of the following companies and their Affiliates: Digex, Incorporated, Qwest Communications International Inc., Netscape Communications Corporation, Cisco Systems, Inc., Ascend Communications, Inc., Airtouch Communications, Inc., NEXTEL Communications, Inc., and Teleport Communications Group, Inc. An Affiliate for purposes of this paragraph B.7 shall mean any entity, whether or not incorporated, (i) in which a Competitive Business has equity ownership of 10% or more, or (ii) which provides goods or services (including but not limited to software, processing, switching, marketing, or consulting) to a Competitive Business to materially compete with GTE. You acknowledge that the obligations imposed on you pursuant to this paragraph B.7 are reasonable in their nature, scope and duration and will not deprive you of the opportunity to earn a livelihood. During and after the Consulting Period, you also will remain subject to those GTE policies which apply following termination of service. Subject to paragraph B.8, in consideration of your compliance with the provisions of this paragraph B.7, the Company will pay to you $25,000 per quarter payable in arrears, commencing with the quarter beginning July 1998 and ending with the quarter ending June 2000 (or such later date as the parties may agree in writing). If you fail to comply with the provisions of this paragraph B.7, you will forfeit your right to receive the payments described in this paragraph B.7.

Appears in 1 contract

Samples: Separation Agreement and General Release (Gte South Inc)

Non-Compete Provisions. As a non-employee consultant, you agree that, among other policies and guidelines, the GTE Conflict of Interest Guidelines and the Business and Scientific Information Policy or replacement policies will apply to you. In addition, you agree not to Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 engage directly or indirectly in a Competitive Business during the Consulting Period, unless the Company approves such an arrangement in writing in advance. For purposes of this paragraph B.7, a "Competitive Business" is any inter-exchange carrier (such as MCI Communications Corporation, Sprint Corporation, AT&T Corp., WorldCom, Inc., LCI International, Inc., and Cable & Wireless Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 PLC) and its Affiliates, any local exchange carrier (such as any Regional Bell Xxxrating Company ("RBOC") and British Telecommunications PLC) and its Affiliates, or any of the following companies and their Affiliates: Digex, Incorporated, Qwest Communications International Inc., Netscape Communications Corporation, Cisco Systems, Inc., Ascend Communications, Inc., Airtouch Communications, Inc., NEXTEL Communications, Inc., and Teleport Communications Group, Inc. An Affiliate for purposes of this paragraph B.7 shall mean any entity, whether or not incorporated, (i) in which a Competitive Business has equity ownership of 10% or more, or (ii) which provides goods or services (including but not limited to software, processing, switching, marketing, or consulting) to a Competitive Business to materially compete with GTE. You acknowledge that the obligations imposed on you pursuant to this paragraph B.7 are reasonable in their nature, scope and duration and will not deprive you of the opportunity to earn a livelihood. During and after the Consulting Period, you also will remain subject to those GTE policies which apply following termination of service. Subject to paragraph B.8, in consideration of your compliance with the provisions of this paragraph B.7, the Company will pay to you $25,000 per quarter payable in arrears, commencing with the quarter beginning July 1998 and ending with the quarter ending June 2000 (or such later date as the parties may agree in writing). If you fail to comply with the provisions of this paragraph B.7, you will forfeit your right to receive the payments described in this paragraph B.7.

Appears in 1 contract

Samples: Separation Agreement and General Release (Gte Northwest Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.