Common use of Noninterference with Company Opportunities Clause in Contracts

Noninterference with Company Opportunities. The Executive understands and agrees that all hotel development opportunities with which he is involved during his employment with the Company constitute valuable assets of the Company and its affiliated entities, and may not be converted to the Executive's own use. Accordingly, the Executive hereby agrees that during the Restricted Period the Executive shall not directly or indirectly on the Executive's own behalf or as a Principal or Representative of any Person, interfere with, solicit, pursue, or in any way make use of any such hotel development opportunities.

Appears in 5 contracts

Samples: Employment Agreement (Parent Holding Corp), Severance Agreement (Parent Holding Corp), Employment Agreement (Parent Holding Corp)

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Noninterference with Company Opportunities. The Executive understands and agrees that all hotel development opportunities with which he is involved during his employment with the Company constitute valuable assets of the Company and its affiliated entities, and may not be converted to the Executive's own use. Accordingly, the Executive hereby agrees that during the Restricted Period the Executive shall not directly or indirectly on the Executive's own behalf or as a Principal or Representative of any Person, interfere with, solicit, pursue, or in any way make use of any such hotel development opportunities.

Appears in 5 contracts

Samples: Merger Severance Agreement (Parent Holding Corp), Merger Severance Agreement (Parent Holding Corp), Merger Severance Agreement (Parent Holding Corp)

Noninterference with Company Opportunities. The Executive understands and agrees that all hotel development opportunities with which he is involved during his employment with the Company constitute valuable assets of the Company and its affiliated entities, and may not be converted to the Executive's own use. Accordingly, the Executive hereby agrees that during the Restricted Period the Executive shall not directly or indirectly on the Executive's own behalf or as a Principal or Representative of any Person, interfere with, solicit, pursue, or in any way make use of any such hotel development opportunities.the

Appears in 1 contract

Samples: Employment Agreement (Parent Holding Corp)

Noninterference with Company Opportunities. The Executive understands and agrees that all hotel development opportunities with which he the is involved during his employment with the Company constitute valuable assets of the Company and its affiliated entities, and may not be converted to the Executive's own use. Accordingly, the Executive hereby agrees that during the Restricted Period the Executive shall not directly or indirectly on the Executive's own behalf or as a Principal or Representative of any Person, interfere with, solicit, pursue, or in any way make use of any such hotel development opportunities.affiliated

Appears in 1 contract

Samples: Merger Severance Agreement (Promus Hotel Corp/De/)

Noninterference with Company Opportunities. The Executive understands and agrees that all hotel development opportunities with which he is involved during his employment with the Company constitute valuable assets of the Company and its affiliated entities, and may not be converted to the Executive's own use. Accordingly, the Executive hereby agrees that during the Restricted Period the Executive shall not directly or indirectly on the Executive's own behalf or as a Principal or Representative of any Person, interfere with, solicit, pursue, or in any way make use of any such hotel development opportunities.the

Appears in 1 contract

Samples: Severance Agreement (Parent Holding Corp)

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Noninterference with Company Opportunities. The Executive understands and agrees that all hotel development opportunities with which he is involved during his employment with the Company constitute valuable assets of the Company and its affiliated entities, and may not be converted to the Executive's own use. Accordingly, the Executive hereby agrees that during the Restricted Period the Executive shall not directly or indirectly on the Executive's own behalf or as a Principal or Representative of any Person, interfere with, solicit, pursue, or in any way make use of any such hotel development opportunities.affiliated

Appears in 1 contract

Samples: Severance Agreement (Promus Hotel Corp/De/)

Noninterference with Company Opportunities. The Executive understands and agrees that all hotel development opportunities with which he is involved during duoring his employment with the Company constitute valuable assets of the Company and its affiliated entitiesentites, and may not be converted to the Executive's own use. Accordingly, the Executive hereby agrees that during the Restricted Period the Executive shall not directly or indirectly on the Executive's own behalf or as a Principal or Representative of any Person, interfere with, solicit, pursue, or in any way make use of any such hotel development opportunities.

Appears in 1 contract

Samples: Severance Agreement (Parent Holding Corp)

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