Common use of Sales of Property Clause in Contracts

Sales of Property. During the period of his employment with the Company, Executive shall not sell, assign, convey or otherwise transfer any of the property listed on Schedule A hereto to a competitor of the Company, which for purposes of this subsection (d) only, shall mean such Persons defined as such by resolution of at least 75% of the Company’s independent directors. Notwithstanding anything to the contrary contained herein, at any time after any termination of Executive’s employment with the Company for any reason whatsoever or for no reason, Executive shall not be restricted in any way from using, owning, developing, contributing, financing, selling, transferring or otherwise disposing of, for any purpose or to or with any Person, including but not limited to a Competitor, any of the property listed on Schedule A hereto.

Appears in 5 contracts

Samples: Non Competition, Non Solicitation (DuPont Fabros Technology LP), Non Competition, Non Solicitation (DuPont Fabros Technology LP), Employment Agreement (Dupont Fabros Technology, Inc.)

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