Prohibition Against Competition Sample Clauses

Prohibition Against Competition. During the Restricted Period, Executive will not compete with the Company by providing Conflicting Services to a Competitor within the Restricted Area. This obligation shall be referred to as the “Noncompete.”
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Prohibition Against Competition. During Executive’s employment with Company, and for two (2) years after Executive’s employment ends, Executive will not Render Services on behalf of any Principal Competitor, or any Competitor, within any state, territory, province or other location in which Company conducts business. In the event a court concludes that the above post-employment restriction is unreasonable, Executive agrees that, for eighteen (18) months after Executive’s employment ends, Executive will not Render Services on behalf of any Principal Competitor, or any Competitor, within fifty (50) miles of any Facility.
Prohibition Against Competition. (a) During his employment, and for a period of twenty-four (24) months after his employment ends, Employee will not compete with the Company to the extent, and subject to the express limitations, provided in this Section 4.2. In the event a court concludes that twenty-four (24) months is an unreasonable period of time, Employee’s obligations under this Section 4.2 will end eighteen (18) months after his employment ends.
Prohibition Against Competition. During the term of the Employee's employment, whether pursuant to this Agreement, any automatic or other renewal hereof, or otherwise, and for a period of twenty-four (24) months following the termination of his/her employment or expiration of this Agreement or any extension thereto, the Employee shall not, directly or indirectly, within the United States (the "Restricted Territory"), be engaged or employed by, consult with, assist or participate in any manner whatsoever with or for any entity, regardless of form (i.e., partnership, joint venture, corporation, limited liability company or partnership, or otherwise) or person, that is engaged in a business competitive with Employer, including, without limitation, a Web site offering, among other things, E-commerce, consumer education and information services, and business-to-business practice-related services to the animal health or medical profession or other such similar industries.
Prohibition Against Competition. The Executive acknowledges that during the Employment Term he will become familiar with the Company's trade secrets and with other confidential information concerning the Company and that his services have been and will be of special, unique and extraordinary value to the Company. The Executive agrees that, in consideration of the payments made to the Executive hereunder, during the Employment Term and for one year following the Employment Term and/or for two years following the early termination of the Employment Period for any reason provided for by Section 4.2 (the "Noncompete Period"), he shall not directly or indirectly own, manage, control, participate in, consult with, render services for, or in any manner engage in the provision of logistics services, including, but not limited to, (a) air and ocean freight forwarding worldwide, and (b) transloading, warehousing, distribution, value-added and local and long distance trucking services (the "Business") throughout North America, anywhere in the United States or, in the case of the freight forwarding portion of the Business, anywhere in the world. Nothing herein shall prohibit the Executive from being a passive owner of not more than 5% of the stock of a publicly held corporation whose stock is traded on a national securities exchange or in the over-the-counter market. In the event of a breach of this Section 5.2, the term of the Noncompete Period shall be extended by a period equal to the length of such breach. The Executive agrees that these provisions are necessary for the protection of the Company from unfair competition and that the national and/or world wide scope of these restrictions is appropriate given the nature of the Company's business and the position held by the Executive.
Prohibition Against Competition. During the term of the Employee's employment, whether pursuant to this Agreement, or otherwise, and for a period of twenty-four (24) months following the termination of employment consistent with the terms hereof or expiration of this Agreement or any extension thereto, the Employee shall not, directly or indirectly, within the United States (the "Restricted Territory"), be engaged or employed by, consult with, assist or participate in any manner whatsoever, or provide financing with or for any entity, regardless of form, or person, that is engaged in a business competitive with Company at the time of termination or expiration, including, without limitation any of which utilizes internet connectivity for e-commerce or e-content storage/retrieval related to the above said areas. Notwithstanding the foregoing, the restrictive covenants contained in this Section 9.2 shall not apply if Employee is terminated without cause.
Prohibition Against Competition 
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Related to Prohibition Against Competition

  • Covenants Against Competition The covenant against competition herein described shall apply until the termination of the Executive’s employment as provided herein and until the earlier of (i) six months after such termination or (ii) a Change in Corporate Control (the “Restriction Period”). During the Restriction Period the Executive shall not, directly or indirectly, own, manage, control or participate in the ownership, management, or control of, or be employed or engaged by or otherwise affiliated or associated with, in an executive, senior management, strategic or professional capacity, whether as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director or in any other individual or representative capacity, that is similar to an engagement in an executive, senior management, strategic or professional capacity although otherwise named in any business or venture engaged in the Business; provided, however, that, notwithstanding the foregoing, (i) the Executive may own or participate in the ownership of any entity which the Executive owned or managed or participated in the ownership or management of prior to the Effective Date, which ownership, management or participation has been disclosed to the Board; (ii) the Executive may invest in securities of any entity, solely for investment purposes and without participating in the business thereof, if (A) such securities are traded on any national securities exchange or the National Association of Securities Dealers, Inc. Automated Quotation System or equivalent non-U.S. securities exchange, (B) the Executive is not a controlling person of, or a member of a group which controls, such entity and (C) the Executive does not, directly or indirectly, own two percent (2%) or more of any class of securities of such entity; (iii) the Executive may own or participate in the ownership of the Second City private equity funds including Second City Capital Partners II, Limited Partnership, Second City Real Estate II, Limited Partnership, SC Principals Limited Partnership as well as their respective general partners, related companies and future Second City fund vehicle, which ownership, management or participation has been disclosed to the Board; and (iv) the Executive may, directly or indirectly, invest in commercial real estate or other assets so long as they are not Suitable Properties (as defined in Section 15(a)), and the Executive may own or participate in the ownership of Suitable Properties if such opportunity has been first provided to the Company and the Company has declined to acquire it in writing, providing that such ownership, management or participation has been disclosed to the Board. Further, the covenant against competition described herein shall not apply to the Executive with respect to any business or venture that competes with a New Business to the extent that the Executive’s actions or participation occurred before the Company became engaged in the New Business.

  • Covenants Against Competition and Solicitation Executive acknowledges that the services he is to render to the Company and its affiliates are of a special and unusual character, with a unique value to the Company and its affiliates, the loss of which cannot adequately be compensated by damages or an action at law. In view of the unique value to the Company and its affiliates of the services of Executive for which the Company has contracted hereunder, because of the confidential information to be obtained by, or disclosed to, Executive as set forth in Section 8 above, and as a material inducement to the Company to enter into this Agreement and to pay to Executive the compensation stated in Section 5 hereof, as well as any additional benefits stated herein, and other good and valuable consideration, Executive covenants and agrees that throughout the period Executive remains employed or compensated hereunder and for one year thereafter, Executive shall not, directly or indirectly, anywhere in the United States of America (i) render any services, as an agent, independent contractor, consultant or otherwise, or become employed or compensated by any other corporation, person or entity that derives a non-incidental portion of its revenue from the business of selling or providing annuity, life, accident or health insurance products or services; (ii) in any manner compete with the Company or any of its affiliates with respect to lines of business that the Company and its affiliates derive more than a non-incidental portion of their revenue from or with respect to which the Company and its affiliates have made a significant investment in; (iii) solicit or attempt to convert to other insurance carriers or other corporations, persons or other entities providing these same or similar products or services provided by the Company and its affiliates, any customers or policyholders of the Company or any of its affiliates or (iv) solicit for employment or employ any employee of the Company or any of its affiliates. Should any particular covenant or provision of this Section 9 be held unreasonable or contrary to public policy for any reason, including, without limitation, the time period, geographical area, or scope of activity covered by any restrictive covenant or provision, the Company and Executive acknowledge and agree that such covenant or provision shall automatically be deemed modified such that the contested covenant or provision shall have the closest effect permitted by applicable law to the original form and shall be given effect and enforced as so modified to whatever extent would be reasonable and enforceable under applicable law.

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