Common use of Restrictions on Competitive Employment Clause in Contracts

Restrictions on Competitive Employment. During the Restricted Period, Executive shall not (as principal, agent, employee, consultant or otherwise), directly or indirectly, engage in activities for, or render services to, any firm or business (other than the Company, Parent or any Affiliates of Parent) engaged or about to become engaged in any orthopedics products business competitive with the Company or any affiliated orthopedic business of Parent (a "COMPETITIVE BUSINESS"). Notwithstanding the foregoing, Executive may have an interest consisting of publicly traded securities constituting less than 1 percent of any class of publicly traded securities in any public company engaged in a Competitive Business so long as he is not employed by and does not consult with, or become a director of or otherwise engage in any activities for, such company.

Appears in 5 contracts

Samples: Employment Agreement (Spine Tech Inc), Employment Agreement (Spine Tech Inc), Employment Agreement (Spine Tech Inc)

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