Common use of Restricted Business Clause in Contracts

Restricted Business. any business whether for profit or not-for-profit that has a significant commercial activity in pharmaceuticals which contain one or more active ingredients that are similar (in drug target specificity and function in relation to modulating that target) to pharmaceutical candidates or products researched, developed or commercialised by the Company at the date of an individual’s termination of service with the Company in which the Employee has a material involvement.