Common use of Non-Competition During Employment Clause in Contracts

Non-Competition During Employment. Throughout Executive’s employment with the Company, Executive will not, without the express written consent of the Chief Executive Officer, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venture, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliates; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange.

Appears in 3 contracts

Samples: Executive Employment Agreement (ARS Pharmaceuticals, Inc.), Executive Employment Agreement (Silverback Therapeutics, Inc.), Executive Employment Agreement (Silverback Therapeutics, Inc.)

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Non-Competition During Employment. Throughout Executive’s employment with the Company, Executive will not, without the express written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint ventureventurer, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliates; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange.

Appears in 3 contracts

Samples: Executive Employment Agreement (Silverback Therapeutics, Inc.), Executive Employment Agreement (Silverback Therapeutics, Inc.), Executive Employment Agreement (Silverback Therapeutics, Inc.)

Non-Competition During Employment. Throughout Executive’s employment with the Company, Executive will not, without the express written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint ventureventurer, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliates; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. In addition, Executive will be subject to certain restrictions (including restrictions continuing after Executive’s employment ends) under the terms of the Proprietary Information Agreement.

Appears in 3 contracts

Samples: Employment Agreement (1Life Healthcare Inc), Employment Agreement (1Life Healthcare Inc), Executive Employment Agreement (InfoSonics Corp)

Non-Competition During Employment. Throughout Except as otherwise provided in this Agreement, during Executive’s employment with the Company, Executive will not, without the express prior written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venture, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliatesCompany; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange.

Appears in 2 contracts

Samples: Executive Employment Agreement (ChromaDex Corp.), Executive Employment Agreement (ChromaDex Corp.)

Non-Competition During Employment. Throughout During Executive’s employment with the Company, Executive will not, without the express prior written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint ventureventurer, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliatesCompany; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange.

Appears in 2 contracts

Samples: Employment Agreement (Tracon Pharmaceuticals, Inc.), Employment Agreement (Tracon Pharmaceuticals, Inc.)

Non-Competition During Employment. Throughout Except as otherwise provided in this Agreement, during Executive’s employment with the Company, Executive will not, without the express prior written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venture, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliatesCompany; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. 7.

Appears in 1 contract

Samples: Executive Employment Agreement (ChromaDex Corp.)

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Non-Competition During Employment. Throughout During Executive’s employment with by the Company, Executive will not, without the express written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint ventureventures, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliates; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange.

Appears in 1 contract

Samples: Employment Agreement (Reneo Pharmaceuticals, Inc.)

Non-Competition During Employment. Throughout During Executive’s employment with the Company, Executive will not, without the express written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint ventureventures, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliates; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. In addition, Executive will be subject to certain restrictions (including restrictions continuing after Executive’s employment ends) under the terms of the Confidential Information and Invention Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Artiva Biotherapeutics, Inc.)

Non-Competition During Employment. Throughout Executive’s employment with the Company, Executive will not, without the express written consent of the Chief Executive OfficerBoard, directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint ventureventures, associate, representative or consultant of any person or entity engaged in, or planning or preparing to engage in, business activity competitive with any line of business engaged in (or planned to be engaged in) by the Company or its affiliates; provided, however, that Executive may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. In addition, Executive will be subject to certain restrictions (including restrictions continuing after Executive’s employment ends) under the terms of the Proprietary Information Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Atara Biotherapeutics, Inc.)

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