Examples of Competing Project in a sentence
In the event that Employee is hired as an employee or consultant of an entity that is involved in a Competing Project, Employee shall recuse himself from and not participate in, directly or indirectly, any activities of such entity with respect to the evaluation, development or operation of the Competing Project.
In exchange for the various consideration provided herein, during the term of this Agreement and for a period of one (1) year following the date of termination, in the event Employee leaves or abandons his position with Employer otherwise than for Good Reason, then Employee will not compete with Employer through involvement on any project that Employer is then pursuing, or did pursue within the one hundred twenty (120) days prior to Employee's departure from Employer (a "Competing Project").
Therefore, the Concessionaire shall be responsible for the overall implementation of the proposed Competing Project, including but not limited to the investigation, study, engineering, procurement, construction, financing, operations, and maintenance of the project in line with the terms and conditions provided in the Concession Agreement.
During the Term hereof and for so long as (a) no Event of Default has occurred hereunder and is continuing and (b) Lessee retains an option to further renew and extend the Term of this Lease for an additional Renewal Term pursuant to the Provisions of Exhibit D, Lessor shall not purchase and operate any Competing Project without Lessee's written consent (which consent shall not be unreasonably withheld, conditioned or delayed).
The Notice of Competing Projects shall set forth the (i) site of the Competing Project, (ii) the operating capacity of the Competing Project, (iii) the source of fines of the Competing Project, (iv) the expected date of commencement of operations of the Competing Project and (v) whether the Competing Project will be owned twenty-five percent (25%) or more by the owner or supplier of the coal fines expected to be used in connection with such Competing Project (a "Source Sponsored Project").