Non-Competition While Employed Clause Samples
The Non-Competition While Employed clause prohibits employees from engaging in business activities that directly compete with their employer during the period of their employment. This typically means employees cannot work for, consult with, or have a financial interest in a competing company while still employed. By restricting such activities, the clause helps protect the employer’s business interests and confidential information, ensuring that employees remain focused on their current job and do not undermine the company’s competitive position.
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Non-Competition While Employed. The Executive recognizes and understands that in performing the duties and responsibilities of his employment as outlined in this Agreement, he will occupy a position of high fiduciary trust and confidence, pursuant to which he has developed and will develop and acquire wide experience and knowledge with respect to the businesses carried on by the Corporation and its affiliates and the manner in which such businesses are conducted. It is the expressed intent and agreement of the Executive and of the Corporation that such knowledge and experience shall be used solely and exclusively in the furtherance of the business interests of the Corporation and its affiliates and not in any manner detrimental to them. The Executive therefore agrees that so long as he is employed by the Corporation pursuant to this Agreement he shall not engage in any practice or business in competition with the business of the Corporation or any of its affiliates.
Non-Competition While Employed. While employed by the Company, engage or prepare to engage in, or aid or advise another person or entity who is engaging in or preparing to engage in, a Competing Business as an employee, officer, director, agent, partner, stockholder, owner, member, representative, consultant, lender, guarantor, or in any other individual or representative capacity; provided, however, that this Section 9(a)(i) does not prohibit Executive’s ownership of stock or other securities listed on a national securities exchange or actively traded in the over-the-counter market if he, his Family Members, and/or his Family Member Affiliates do not, directly or indirectly, hold more than a total of five (5)% of all such shares of stock or other securities issued and outstanding;
Non-Competition While Employed. While Executive is an employee of the Company, in the Restricted Area (as defined below) Executive will not, directly or indirectly, participate in the ownership, management, operation, financing or control of, or be employed by or consult for or otherwise render services to, any person, corporation, firm or other entity that is a Competing Enterprise (as defined below) nor shall Executive engage in any such other activities that conflict with Executive’s obligations to the Company.
Non-Competition While Employed. While Employee is an employee of the Company, in the Restricted Area (as defined below) Employee will not, directly or indirectly, participate in the ownership, management, operation, financing or control of, or be employed by or consult for or otherwise render services to, any person, corporation, firm or other entity that is a Competing Enterprise (as defined below) nor shall Employee engage in any such other activities that conflict with Employee's obligations to the Company.
Non-Competition While Employed. During [his] employment with the Company, the Employee will not, directly or indirectly, without the prior written consent of the Company , and whether or not for compensation, either for [his] own account or as an employee, officer, agent, consultant, contractor, director, owner, partner, joint venture, shareholder, investor, or in any other capacity (except in the capacity of an employee or officer of the Company acting for the benefit of the Company) knowingly engage, whether as an officer, employee, agent or contractor, in any activity or business which is of the same nature as, or substantially similar to, an activity or business of the Company or an activity or business which the Company is developing and of which the Employee has knowledge.