Competitive Business Activity definition

Competitive Business Activity means:

Competitive Business Activity means the design and manufacture of lighting systems and controls for industrial, commercial and agricultural facilities.

Competitive Business Activity means the design, engineering, manufacture or sale of heat tracing systems (for example, products involving the application of external heat to pipes, vessels, instruments or other equipment for the purposes of freeze protection, process temperature maintenance, environmental monitoring or surface snow and ice melting, heat tracing equipment, heat tracing tubing bundles, and heat tracing control systems), heat tracing system consultation, heat tracing system installation, and heat tracing system maintenance;

Examples of Competitive Business Activity in a sentence

• Employee agrees that he will, before accepting any offer of employment as an employee or consultant of any entity which is employed or plans to engage in a Competitive Business Activity, make full disclosure of the existence and contents of this Agreement to such prospective employer.

• No Principal or Affiliate of a Principal engages in any Competitive Business Activity.

• Provide services as an employee, business owner, consultant or independent contractor for any entity which is or plans to become, in whole or in part, engaged in any Competitive Business Activity within 75 miles of Chicago, Illinois and 75 miles of Hammond, Indiana.

• Commencing on the date hereof and continuing for two years after the date of the Closing (such two year period, the “Noncompetition Period”), Seller shall not directly or indirectly (other than on behalf of Buyer), without the prior written consent of the CEO of Buyer, engage in, or manage or direct persons engaged in, a Competitive Business Activity (as defined below) anywhere in the world.

• Prior to the Closing Date, each Seller agrees that such Seller shall not engage in any Competitive Business Activity or work for any company which engages in any Competitive Business Activity in the Commonwealth of Massachusetts (except through the Company).

More Definitions of Competitive Business Activity

Competitive Business Activity means engaging in, whether independently or as an employee, agent, consultant, advisor, independent contractor, partner, stockholder, officer, director or otherwise, any business which is materially competitive with the business of the Company as conducted or actively planned to be conducted by the Company during his employment by it, provided that Executive shall not be deemed to engage in a Competitive Business Activity solely by reason of (i) owning 1% or less of the outstanding common stock of any corporation if such class of common stock is registered under Section 12 of the Securities Exchange Act of 1934, or (ii) after the termination of his employment by the Company, being employed by or otherwise providing services to a corporation having total revenue of at least $500 million (or such lower number as may be agreed by the Board) so long as such services are provided solely to a division or other business unit of such corporation which does not engage in a business which is then competitive with the business of the Company.

Competitive Business Activity means providing services to a Competitor that are the same or similar to Executive’s Duties and Responsibilities under this Agreement, whether as an employee, independent contractor or consultant.

Competitive Business Activity means the business of providing consumers with dial-up Internet access services (free or pay). The term “Restricted Territory” shall mean each and every county, city or other political subdivision of the United States in which the Company is engaged in business or providing its services. The Company agrees that providing services to a company or entity that is involved in a Competitive Business Activity but which services are unrelated to the Competitive Business Activity shall not be deemed a violation of this Agreement. For the purposes of damages to the Company with respect to any breach of this Section 5, the value of Employee’s obligations to the Company under this Section 5 equals 37.5% of the cash severance payment in Section 4.3(iv) above.

Competitive Business Activity means the development, sale and marketing of a payment process that enables the consumer to structure a pre-payment plan to pay a merchant in full before the merchandise is delivered.

Competitive Business Activity means: (i) engaging in, managing or directing persons engaged in any business that in any way competes with the Business; (ii) acquiring or having an ownership interest in any entity which derives revenues from any business that in any way competes with the Business (except for ownership of shares of Parent issued pursuant to this Agreement); or (iii) participating in the financing, operation, management or control of any firm, partnership, corporation, entity or business that derives revenues from any business that in any way competes with the Business. For all purposes hereof, the term “Restricted Territory” shall mean each and every country, province, state, city or other political subdivision of the world including those in which Parent, Buyer or Seller is currently engaged in business or otherwise distributes, licenses or sells products.

Competitive Business Activity means the marketing or selling of any Competing Product.

Competitive Business Activity means the exploration, development and sale of gold or other natural resources from the Company’s properties.