Common use of Non-Competition/Solicitation Clause in Contracts

Non-Competition/Solicitation. (a) Giussani agrees that during his employment with the Company and for a period of one year after Giussani leaves the Company's employ for any reason, he shall not, without the written consent of the Company, directly or indirectly, either individually or as an employee, agent, partner, shareholder, consultant, option holder, lender of money, guarantor or in any other capacity, participate in, engage in or have a financial interest or management position or other interest in any business, firm, corporation or other entity within the State of Florida if it competes directly with any business operation conducted by the Company or its subsidiaries or affiliates or any successor or assign thereof, nor will he solicit any other person to engage in any of the foregoing activities. Participation in the management of any business operation other than in connection with the management of a business operation which is in direct competition with the Company or its subsidiaries or affiliates or any successor or assign thereof shall not be deemed to be a breach of this Section 10(a). The foregoing provisions of this Section 13(a) shall not prohibit the ownership by Giussani (as the result of open market purchase) of 5% or less of any class of capital stock of a corporation which is regularly traded on a national securities exchange or over-the-counter on the NASDAQ System.

Appears in 1 contract

Samples: Employment Agreement (Ursus Telecom Corp)

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Non-Competition/Solicitation. (a) Giussani Xxxxxxx agrees that during his employment with the Company and for a period of one year after Giussani Xxxxxxx leaves the Company's employ for any reason, he shall not, without the written consent of the Company, directly or indirectly, either individually or as an employee, agent, partner, shareholder, consultant, option holder, lender of money, guarantor or in any other capacity, participate in, engage in or have a financial interest or management position or other interest in any business, firm, corporation or other entity within the State of Florida if it competes directly with any business operation conducted by the Company or its subsidiaries or affiliates or any successor or assign thereof, nor will he solicit any other person to engage in any of the foregoing activities. Participation in the management of any business operation other than in connection with the management of a business operation which is in direct competition with the Company or its subsidiaries or affiliates or any successor or assign thereof shall not be deemed to be a breach of this Section 10(a). The foregoing provisions of this Section 13(a) shall not prohibit the ownership by Giussani Xxxxxxx (as the result of open market purchase) of 5% or less of any class of capital stock of a corporation which is regularly traded on a national securities exchange or over-the-counter on the NASDAQ System.

Appears in 1 contract

Samples: Employment Agreement (Ursus Telecom Corp)

Non-Competition/Solicitation. (a) Giussani The Employee agrees that during his her employment with the Company and for a period of one year 12 months after Giussani the Employee leaves the Company's employ for any reason, he shall not, without the written consent of the Company, directly or indirectly, either individually or as an employee, agent, partner, shareholder, consultant, option holder, lender of money, guarantor or in any other capacity, participate in, engage in or have a financial interest or management position or other interest in any business, firm, corporation or other entity within the State of Florida if it competes directly with any business operation conducted by the Company or its subsidiaries or affiliates or any successor or assign thereof, nor will he solicit any other person to engage in any of the foregoing activities. Participation in the management of any business operation other than in connection with the management of a business operation which is in direct competition with the Company or its subsidiaries or affiliates or any successor or assign thereof shall not be deemed to be a breach of this Section 10(a)Section. The foregoing provisions of this Section 13(a) shall not prohibit the ownership by Giussani the Employee (as the result of open market purchase) of 51% or less of any class of capital stock of a corporation which is regularly public traded on a any national securities exchange or over-the-counter on the NASDAQ Systemexchange.

Appears in 1 contract

Samples: Employment Agreement (MediaMind Technologies Inc.)

Non-Competition/Solicitation. (a) Giussani The Employee agrees that during his employment with the Company and for a period of one year 18 months after Giussani the Employee leaves the Company's ’s employ for any reason, he shall not, without the written consent of the Company, directly or indirectly, either individually or as an employee, agent, partner, shareholder, consultant, option holder, lender of money, guarantor or in any other capacity, participate in, engage in or have a financial interest or management position or other interest in any business, firm, corporation or other entity within the State of Florida if it competes directly with any business operation conducted by the Company or its subsidiaries or affiliates or any successor or assign thereof, nor will he solicit any other person to engage in any of the foregoing activities. Participation in the management of any business operation other than in connection with the management of a business operation which is in direct competition with the Company or its subsidiaries or affiliates or any successor or assign thereof shall not be deemed to be a breach of this Section 10(a)Section. The foregoing provisions of this Section 13(a) shall not prohibit the ownership by Giussani the Employee (as the result of open market purchase) of 51% or less of any class of capital stock of a corporation which is regularly public traded on a any national securities exchange or over-the-counter on the NASDAQ Systemexchange.

Appears in 1 contract

Samples: Employment Agreement (Eyeblaster Inc)

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Non-Competition/Solicitation. (a) Giussani Xxxxxxxx agrees that during his employment with the Company and for a period of one year after Giussani Xxxxxxxx leaves the Company's employ for any reason, he shall not, without the written consent of the Company, directly or indirectly, either individually or as an employee, agent, partner, shareholder, consultant, option holder, lender of money, guarantor or in any other capacity, participate in, engage in or have a financial interest or management position or other interest in any business, firm, corporation or other entity within the State of Florida if it competes directly with any business operation conducted by the Company or its subsidiaries or affiliates or any successor or assign thereof, nor will he solicit any other person to engage in any of the foregoing activities. Participation in the management of any business operation other than in connection with the management of a business operation which is in direct competition with the Company or its subsidiaries or affiliates or any successor or assign thereof shall not be deemed to be a breach of this Section 10(a13(a). The foregoing provisions of this Section 13(a) shall not prohibit the ownership by Giussani Xxxxxxxx (as the result of open market purchase) of 5% or less of any class of capital stock of a corporation which is regularly traded on a national securities exchange or over-the-counter on the NASDAQ System.

Appears in 1 contract

Samples: Employment Agreement (Ursus Telecom Corp)

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