Non-Competition Undertaking. Baidu undertakes: from the effective date hereof to the expiration of the Preparation Period, Baidu’s ticket business shall operate to the necessary extent to the necessary maintenance of business, but after the Preparation Period ends, Baidu shall immediately terminate all of its current ticket business; Except for the preparation period, from the effective date hereof to the end of the Business Cooperation Term, Baidu shall not conduct its own ticket business, and shall not invest in new company which conducts ticket business or hold more than 10% equity interests in any such company (for avoidance of doubt, for the purpose of this Article, “conducting ticket business” means that the ticket business is the main business, which account for 50% or more of the company’s total revenue), the specific list of such companies are otherwise negotiate separately by the two Parties.
Non-Competition Undertaking. (a) From and after the Closing Date until the fourth anniversary thereof (the “Restricted Period”), neither Seller shall , directly or indirectly:
Non-Competition Undertaking. The Agent and Director must not:
Non-Competition Undertaking. Non-Competition Each of our Single Largest Group of Shareholders has undertaken to us, for the benefit of our Group, in the Non-Competition Undertaking that, he/it would not, and he/it would procure that his/its close associates (other than any members of our Group) do not and would not, directly or indirectly, whether on his/its own account or in conjunction with or on behalf of any person, firm or company, among other things, carry on, participate, be interested or engaged in or acquire or hold (in each case whether as a shareholder, director, partner, agent, employee or otherwise be involved, whether for profit, reward or otherwise), any Restricted Business1. Our Single Largest Group of Shareholders and/or their respective close associates or connected persons are not restricted from holding or being interested in shares or other securities in any company which conducts or is engaged in any Restricted Business (the “Subject Company”), provided that:
Non-Competition Undertaking. Pursuant to the Agreement, save for certain existing shareholding interests in certain entities that would not constitute a direct competition with the business engaged by the Target Group or also engaged in the telecommunications industry, held by the Vendors, the Vendors have undertaken in favour of the Purchaser that within five years upon signing of the Agreement, unless with prior written consent from the Purchaser, the Vendors and their respective associates would not invest or participate in any project or business opportunity that competes or may compete, directly or indirectly, with the business activities engaged by the Target Group from time to time. The Vendors have further undertaken in favour of the Purchaser that within five years upon signing of the Agreement, should the Vendors or any of their respective associates is offered any new business opportunity that could potentially compete with that of the Purchaser or the Target Group, the Vendors should promptly notify the Purchaser in writing (either by way of emails, facsimile or by other means) of such opportunity and provide such key terms and conditions to the Purchaser. Only in the event that the Purchaser rejected such new business opportunity, the Vendors or any of their respective connected persons shall be permitted to pursue or participate in such new business opportunity at the terms and conditions that is no more favourable than those previously presented to the Purchaser for consideration. In addition, the Vendors have also given a right of first refusal to the Purchaser in respect of their shareholding interests in Shanghai XingJiTong Shi Ye Company Limited*(上海星際通實業有限公司), a company held as to 70% and 30% by Xx. Xxxxx and Xx. Xxxx respectively, given that such company is also engaged in the telecommunications industry in Shanghai. Pursuant to the Agreement, it is agreed that should the Vendors decide to sell their equity interests in Shanghai XingJiTong Shi Ye Company Limited, the Vendors shall inform the Purchaser by written notice and the Purchaser would have up to 14 Business Days to decide whether to exercise such right of first refusal. If the Purchaser intends to acquire the relevant equity interests, a written notice (the “Acceptance Notice”) shall be issued by the Purchaser to the Vendors within the said period, and subject to compliance of all applicable laws and regulations (including but not limited to the Listing Rules), the relevant sale and purchase agreement shall...
Non-Competition Undertaking. With the exception of the subsequent sentence, neither Seller shall, and each Seller shall procure its Affiliates not to, during any of the Restraint Periods and within any of the Restraint Areas conduct, carry on or promote (whether on its own account, in partnership, in joint venture or as employee or agent of or manager for any other person) any Restrained Business. Nothwithstanding the preceding sentence, the Sellers and their Affiliates shall be entitled to acquire companies and/or businesses (a "Target") during the Restraint Periods, within the Restraint Areas which conducts, carries on or promotes a Restrained Business, PROVIDED ALWAYS that the core business of any such Target is not any Restrained Business.
Non-Competition Undertaking. The Consultant shall not during any of the Restraint Periods and within any of the Restraint Areas conduct, carry on or promote (whether on his own account, in partnership, in joint venture or as employee or agent of or manager for any other person) any Restrained Business. During any Restraint Period and within any Restraint Area, the Consultant must not secure or seek to attract the custom of any person who is a customer of the Company or seek to engage or engage the services of any person who is or becomes an employee of, contractor to or service provider to the Company.
Non-Competition Undertaking. To Alcan Inc. In consideration of your agreeing to employ me as your Executive Vice President, I acknowledge and undertake that until the expiry of two (2) years following the termination of my employment with the Company, I will not be entitled to act as an employee, director of or officer of, advisor to or material investor in any corporation, partnership, person or other entity which carries on any business which is materially competitive with the Company's principal lines of business. Entities which carry on businesses which are so materially competitive include without limitation, those which carry on any business which relates to the mining or refining of bauxite, the production and sale of alumina or primary aluminum, the production and sale of aluminum products and aluminum fabricated products (such as can sheet, foil, litho sheet and other flat rolled products, wire and cable, castings and extrusions), the trading of aluminum, the production and sale of packaging products for tobacco, pharmaceutical, cosmetics, health care, food or beverage products or any line of business carried on by the Company and accounting for at least five percent (5.0%) of its consolidated assets or gross revenues at the time of the termination of my employment. Nevertheless, no such business shall be considered to be materially competitive unless it is carried on in any of the jurisdictions in which the Company carries on business at the time of the termination of my employment. I acknowledge that in view of the position of extreme trust and confidence attached to my position as Employee of the Company, this undertaking is reasonable in all respects and essential to the protection of the Company and its shareholders. I shall continue to be bound by its terms of this undertaking notwithstanding the termination of my employment for any reason.
Non-Competition Undertaking. 1.1 For the Consideration as set out below, Xxxxxx hereby undertakes as provided in this Aticle 1 below.
Non-Competition Undertaking. 8.1 The Vendor undertakes with the Purchaser (for itself and as agent and trustee for the Company) that, except with the consent in writing of the Purchaser and subject to the provisions of Clause 8.4:
