Common use of Non-Compete Clause in Contracts

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 16 contracts

Samples: China Transinfo (China TransInfo Technology Corp.), Indemnification Agreement (China Agritech Inc), Indemnification Agreement (China Agritech Inc)

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Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 14 contracts

Samples: Director Agreement (Leatt Corp), Director Agreement (Leatt Corp), Director Agreement (Leatt Corp)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 10 contracts

Samples: Independent Director Agreement (Terra Tech Corp.), Independent Director Agreement (Terra Tech Corp.), Independent Director Agreement (Terra Tech Corp.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the "Restricted Period"), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the "Company’s 's Business") for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 9 contracts

Samples: Director Agreement (Islet Sciences, Inc), Director Agreement (Islet Sciences, Inc), Director Agreement (Islet Sciences, Inc)

Non-Compete. During the term of this Agreement Term and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the "Restricted Period"), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries Subsidiaries or any of its affiliates Affiliates (the "Company’s 's Business") for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary Subsidiary or affiliateAffiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries Subsidiaries and affiliatesAffiliates.

Appears in 4 contracts

Samples: ’s Contract (Wonder Auto Technology, Inc), Independent Director’s Contract (Sutor Technology), ’s Contract (Wonder Auto Technology, Inc)

Non-Compete. During To the term exclusion of any relationship, in existence at the time this Agreement is entered into, in which Director is employed by or has an ownership interest in another business, during the Term and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, or in any manner whatsoever: (i) in any manner whatsoever engage in any capacity with any the business of another company competitive with the Company’s current lines of business business, or any business then engaged in by the Company, any of its subsidiaries Subsidiaries, or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliateAffiliates; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partnerpartner , lender, director, officer, manager, employee, consultant, agent agent, or otherwise otherwise, in any business competitive with the Company’s Businessbusiness; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliatesAffiliates.

Appears in 4 contracts

Samples: Director’s Contract (Along Mobile Technologies Inc), Director’s Contract (Along Mobile Technologies Inc), Director’s Contract (Along Mobile Technologies Inc)

Non-Compete. During the term of this Agreement Term and for a period of twelve (12) twenty-four months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the "Restricted Period"), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries Subsidiaries or any of its affiliates Affiliates (the "Company’s 's Business") for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary Subsidiary or affiliateAffiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries Subsidiaries and affiliates.Affiliates

Appears in 3 contracts

Samples: Novastar Resources (Novastar Resources Ltd.), Novastar Resources (Thorium Power, LTD), Novastar Resources (Thorium Power, LTD)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 3 contracts

Samples: Director Agreement (PureBase Corp), Director Agreement (PureBase Corp), Director Agreement (Brownie's Marine Group, Inc)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the DirectorCFO’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director CFO shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the DirectorCFO’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director CFO may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 2 contracts

Samples: China Information (China Information Technology, Inc.), China Information (China Information Security Technology, Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business; provided further, however, that none of his duties with Rosendin or its affiliates shall constitute competition with the Company. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 2 contracts

Samples: Director’s Contract (Jupiter Wellness, Inc.), Director’s Contract (Jupiter Wellness, Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (ia) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (iib) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 2 contracts

Samples: Golden Elephant (Golden Elephant Glass Technology, Inc.), Golden Elephant (Golden Elephant Glass Technology, Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve six (126) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 2 contracts

Samples: ’s Contract (Nutrastar International Inc.), ’s Contract (Nutrastar International Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 2 contracts

Samples: Independent Director Agreement (Terra Tech Corp.), Independent Director Agreement (Terra Tech Corp.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) 6 months following the Director’s 's removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the Director’s 's own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 2 contracts

Samples: Home System Group (Home System), Home System Group (Home System)

Non-Compete. During the term of this Agreement and for a period of twelve (12) 6 months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: Home System Group (Home System)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the DirectorCOO’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director COO shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the DirectorCOO’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director COO may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director COO shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: China Information (China Information Security Technology, Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s 's removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the "Restricted Period"), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the "Company’s 's Business") for the Director’s 's own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-over- the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: Director Agreement (Leatt Corp)

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Non-Compete. During the term of this Agreement Term and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries Subsidiaries or any of its affiliates Affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary Subsidiary or affiliateAffiliate; or (ii) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries Subsidiaries and affiliatesAffiliates.

Appears in 1 contract

Samples: Indemnification Agreement (OmniaLuo, Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-over- the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: Director Agreement (Leatt Corp)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the DirectorCEO’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director CEO shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the DirectorCEO’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director CEO may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director CEO shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: Officer Employment Agreement (China Information Security Technology, Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the DirectorCTO’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director CTO shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the DirectorCTO’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director CTO may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director CTO shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: China Information (China Information Security Technology, Inc.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s 's removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the "Restricted Period"), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the "Company’s 's Business") for the Director’s 's own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: Independent Director Agreement (Terra Tech Corp.)

Non-Compete. During the term of this Agreement Term and for a period of twelve (12) months following the Director’s removal or resignation from termination of the Board of Directors of Executive's employment with the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the "Restricted Period"), the Director Executive shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines 's Current Lines of business Business or any business then engaged in by the Company, any of its subsidiaries Subsidiaries or any of its affiliates Affiliates (the "Company’s 's Business") for the Director’s Executive's own benefit or for the benefit of any person or entity other than the Company or any subsidiary Subsidiary or affiliateAffiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director Executive may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director Executive shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries Subsidiaries and affiliatesAffiliates.

Appears in 1 contract

Samples: Employment Agreement (Novastar Resources Ltd.)

Non-Compete. During the term of this Agreement Term and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries Subsidiaries or any of its affiliates Affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary Subsidiary or affiliateAffiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries Subsidiaries and affiliatesAffiliates.

Appears in 1 contract

Samples: Independent Director’s Contract (Wonder Auto Technology, Inc)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the "Restricted Period"), the Director shall not, directly or indirectly, (ia) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the "Company’s Business") for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (iib) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: ’s Contract (Golden Elephant Glass Technology, Inc.)

Non-Compete. During the term of this Agreement Term and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the "Restricted Period"), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s 's current lines of business or any business then engaged in by the Company, any of its subsidiaries Subsidiaries or any of its affiliates Affiliates (the "Company’s 's Business") for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary Subsidiary or affiliateAffiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one five percent (15%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, Company or its subsidiaries and affiliatesSubsidiaries.

Appears in 1 contract

Samples: Independent Director’s Contract (Sutor Technology)

Non-Compete. During the term of this Agreement Term and for a period of twelve (12) twenty-four months following the Director’s removal or resignation from termination of the Board of Directors of Executive's employment with the Company or any of its subsidiaries Subsidiaries or affiliates Affiliates (the "Restricted Period"), the Director Executive shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines 's Current Lines of business Business or any business then engaged in by the Company, any of its subsidiaries Subsidiaries or any of its affiliates Affiliates (the "Company’s 's Business") for the Director’s Executive's own benefit or for the benefit of any person or entity other than the Company or any subsidiary Subsidiary or affiliateAffiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director Executive may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director Executive shall not develop any property for use in the Company’s 's Business on behalf of any person or entity other than the Company, its subsidiaries Subsidiaries and affiliatesAffiliates.

Appears in 1 contract

Samples: Employment Agreement (Novastar Resources Ltd.)

Non-Compete. During the term of this Agreement and for a period of twelve (12) months following the DirectorCAO’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director CAO shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s 's Business”) for the DirectorCAO’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholdershareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s 's Business; provided, however, that the Director CAO may hold, directly or indirectly, solely as an investment, not more than one two percent (12%) of the outstanding securities of any person or entity which is are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s 's Business. In addition, during the Restricted Period, the Director CAO shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

Appears in 1 contract

Samples: Officer Employment Agreement (China Information Security Technology, Inc.)

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