Common use of Restriction on Competition Clause in Contracts

Restriction on Competition. During the Restricted Period, Executive shall not engage, directly or indirectly, either individually or through another person or entity, whether as an owner, employee, consultant, partner, principal, agent, representative, stockholder or otherwise, of, in, to or for any Competing Business in the Restricted Area; provided, however, that Executive may own less than five percent (5%) of the outstanding stock of any publicly traded corporation that engages in a Competing Business

Appears in 6 contracts

Samples: Executive Employment Agreement (Playa Hotels & Resorts N.V.), Executive Employment Agreement (Playa Hotels & Resorts N.V.), Executive Employment Agreement (Playa Hotels & Resorts N.V.)

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Restriction on Competition. During the Restricted Period, Executive shall not engage, directly or indirectly, either individually or through another person or entity, whether as an owner, employee, consultant, partner, principal, agent, representative, stockholder or otherwise, of, in, to or for any Competing Business in the Restricted Area; provided, however, that Executive may own less than five percent (5%) of the outstanding stock of any publicly traded corporation that engages in a Competing Business.

Appears in 4 contracts

Samples: Executive Employment Agreement (Playa Hotels & Resorts N.V.), Executive Employment Agreement (Playa Hotels & Resorts N.V.), Executive Employment Agreement (Playa Hotels & Resorts B.V.)

Restriction on Competition. During the Restricted Period, Executive shall not engage, directly or indirectly, either individually or through another person or entity, whether as an owner, employee, consultant, partner, principal, agent, representative, stockholder or otherwise, of, in, to or for any Competing Business in the Restricted Area; provided, however, that the restriction on employment or other services shall be limited to types of services provided by Executive may own less than five percent (5%) of to such Competing Business which are similar to those Executive provided to the outstanding stock of any publicly traded corporation that engages in a Competing BusinessEmployer and/or the Playa Affiliates.

Appears in 3 contracts

Samples: Executive Employment Agreement (Playa Hotels & Resorts N.V.), Executive Employment Agreement (Playa Hotels & Resorts N.V.), Executive Employment Agreement (Playa Hotels & Resorts N.V.)

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Restriction on Competition. During the Restricted Period, Executive shall not engage, directly or indirectly, either individually or through another person or entity, whether as an owner, employee, consultant, partner, principal, agent, representative, stockholder or otherwise, of, in, to or for any Competing Business in the Restricted Area; provided, however, that Executive may own less than five percent (5%) of the outstanding stock of any publicly traded corporation that engages in a Competing Businessor

Appears in 1 contract

Samples: Executive Employment Agreement (Flora Growth Corp.)

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