Competition Event definition

Competition Event has the meaning given to it in clause 15.1(d) (Competition);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Competition Event means any act or activity by the Executive, directly or indirectly, which the Partnership deems, in its good faith judgment, to be a violation of Sections 4.1 and 4.2 hereof.

Competition Event means any non-racing test of driving skill in which finishing position is determined solely by the ability to execute the course in the shortest time. This includes such events as hill climbs, autocrosses, time trials, slaloms and gymkhanas, as well as practice and training sessions for such events. Wheel-to-wheel racing is not covered by the National insurance policy and is not permitted under any circumstances.

Examples of Competition Event in a sentence

• The "Minimum Pit Stop Time" will be published in the Briefing Notes of each Competition Event.

• A reserve car is a car that is not intended to take part in the Competition Event but to substitute for the one registered by the competitor as the principal race car.

• The Organiser shall take care of full insurance coverage of its civil liability in connection with the organisation and staging of the Competition Event according to art.

• The Partnership’s obligation and the Executive’s rights under clause (a)(ii) and (iii) and clause (b) of this Section 6.2 shall terminate immediately upon the occurrence of a Competition Event (as defined below).

• Executive agrees that no Competition Event (as defined below) shall occur prior to the date on which Executive ceases to receive payments and benefits pursuant to this Agreement.

• The Partnership’s obligation and the Executive’s rights under clause (a)(ii) and (iii) and clause (b) of this Section 6.1 shall terminate immediately upon the occurrence of a Competition Event (as defined below).

• Those selected as Finalists will be required to present their business plans and pitch their business to the Spark Bowl Judges on November 17, 2022 at the Spark Bowl Competition Event Finals (“Finals”) to be held at ▇▇▇▇▇▇’▇ Life Science Building at ▇▇▇ ▇.

• In consideration of the terms set forth in the agreement (the “Agreement”) to which this Exhibit is attached, the Employee agrees that no Competition Event (as defined below) shall occur prior to the date that is one year from the date of termination of the Employee’s employment with the Company.

• In-Season is more commonly used for Competition Event Coaches that have specific seasons for their teams/groups, but the above policy item does apply to UTLA and PESPU members as well.

• INSURED --------------- Must include: All participants, entrants, sponsors for this Competition, Event or the Series of which the Competition is a part, or of a Competition vehicle, and CART Members.

More Definitions of Competition Event

Competition Event means the closing of an acquisition by Guarantor, directly or indirectly, of any entity or business that markets and/or sells digital advertising on a third party publisher digital platform that is a Material Supplier of the Acquired Companies as of the Closing Date in an location within the countries in which the Business operates as of the Closing (i.e., Singapore, Thailand, the Philippines, Vietnam, India, Malaysia or Indonesia).

Competition Event has the meaning given to such term in Section 12(e).

Competition Event shall occur if the Employee directly or indirectly (i) engages in the bulk trucking business, the bulk tank cleaning business or any other business in which the Company or any of its Subsidiaries are engaged as of the date hereof or the date of termination of the Employee's employment with the Company (collectively, the "Company Business") within the United States; (ii) competes or participates as agent, employee, consultant, advisor, representative or otherwise in any enterprise which has any material operations engaged in the Company Business within the United States; or (iii) competes or participates as a stockholder, partner, member or joint venture, or has any direct or indirect financial interest, in any enterprise which has any material operations engaged in the Company Business with the Untied States; provided, however, that nothing contained herein shall prohibit the Employee from (A) owning, operating or managing any business, or acting upon any business opportunity, after obtaining approval of a majority of the board and a majority of the independent members of the Board (if any), (B) owning no more than five percent (5%) of the equity of any publicly traded entity with respect to which the Employee does not serve as an officer, director, employee, consultant or in any other capacity other than as an investor or (C) being employed by a business that engages in the Company Business but whose principal business is not the Company Business, if the Employee's involvement is limited to those operations that are not the Company Business. The Employee acknowledges that irreparable damage would occur in the event of a breach of the provisions of this Non-Compete Covenant by the Employee. It is accordingly agreed that, in addition to any other remedy to which it is entitled at law or in equity, the Company shall be entitled to an injunction or injunctions to prevent breaches of the provisions of this Non-Compete covenant and to enforce specifically the terms of such provisions. If any provision of this Non-Compete Covenant shall be adjudged by any court of competent jurisdiction to be invalid or unenforceable for any reason, such judgment shall not affect, impair or invalidate the remainder of this covenant. Furthermore, if the scope of any restriction or requirement contained in this Covenant is too broad to permit enforcement of such restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum ext...

Competition Event means an Intervention by a Competition Authority or any Commitment which could prejudice the ability of: (i) the Franchisee to operate the Franchise in accordance with this Franchise Agreement; or (ii) any Affiliate of the Franchisee to continue to operate any other Rail Franchise of which it is the franchisee;

Competition Event means any non-racing test of driving skill in which finishing positionis determined solely by the ability to execute the course in the shortest time. Thisincludes such events as hill climbs, autocrosses, time trials, slaloms and gymkhanas, aswell as practice and training sessions for such events. Wheel-to- wheel racing is notcovered by the National insurance policy and is not permitted under any circumstances.Autocrosses on public streets are prohibited. Hill Climbs and similar events may take place on a public street or road with prior approval of the National CompetitionChair and the AROC National President. The venue must be legally closed for theduration of the event and safely blocked off. Police protection to prevent entrance to thearea by the general public may be required. A letter granting permission for the event must be secured from the governing body having authority over the road or street.

Competition Event means Participant’s rendering of services, at any time (including after termination of a Participant’s Continuous Service Status), for any business which is in substantial competition with a business conducted by the Company or any Affiliate.