Competitive Operation definition

Competitive Operation shall have the meaning as set forth in Section C, paragraph 4.

Competitive Operation means any business operation (other than the Company or one of its subsidiaries) if such operation is then primarily engaged in the acquisition or ownership of luxury or upscale hotels in urban, resort or convention markets in the United States, it being acknowledged and agreed that a Competitive Operation shall not include a business operation primarily engaged in (i) owning hotels other than luxury or upscale hotels; or (ii) franchising hotels to others; or (iii) managing hotels for others.

Competitive Operation means any activities related to the provision of electricity services conducted by the electric company's nonregulated operation or the electric company's affiliate.

Examples of Competitive Operation in a sentence

• Competitive Activity shall not include (i) the mere ownership of securities in any enterprise, or (ii) participation in the management of any enterprise or any business operation thereof, other than in connection with a Competitive Operation of such enterprise.

• For purposes of this Agreement, "Competitive Activity" shall mean your participation, without the written consent of the General Counsel of the Company, in the management of any business operation of any enterprise if such operation (a "Competitive Operation") engages in substantial and direct competition with any business operation actively conducted by the Company or its divisions and Subsidiaries on your Date of Termination.

• It is understood and agreed that, for the purposes of the foregoing provisions of this Section 5, no business which is conducted by the Company at the time of the Executive's termination and which subsequently is sold or discontinued by the Company shall be deemed to be a Competitive Operation within the meaning of this Section 5.

• For purpose of this Agreement, "Competitive Activity" shall mean the Executive's participation, without the written consent of the Company, in the management of any business operation of any enterprise if such operation (a "Competitive Operation") engages in substantial and direct competition with any business operation actively conducted by the Company or its subsidiaries.

• Notwithstanding the foregoing, a “Competitive Activity” shall not include the mere ownership of securities in any enterprise, or participation in the management of any enterprise or any business operation thereof, other than in connection with a Competitive Operation of such enterprise.

More Definitions of Competitive Operation

Competitive Operation means any entity that directly or indirectly engages in or owns, invests in, manages or controls any venture or enterprise engaged in the business of brokering, representing or marketing the products of various life insurance carriers.

Competitive Operation shall have the meaning ascribed to such term in Section 7.1(a) of this Agreement.

Competitive Operation shall have the meaning set forth in Section 4.1(a).

Competitive Operation means any activities related to the provision of electricity services conducted by the electric company’s no nregulated operation or the electric company’s affiliate.

Competitive Operation means any business which competes with or which is planning to become engaged in competing with the business conducted by the Company or its subsidiaries in any geographic area where such Company business is being conducted during the Term, but specifically excluding Hxxxxxxxx’x position as a director or any ownership in either of Beacon Enterprise Solutions Group, Inc. or U.S. Network.

Competitive Operation means any business operation engaging in substantial and direct competition with any mineral exploration activity or mining operation actively conducted by the Company or its subsidiaries on the date of termination of this Agreement; For the purposes of Clause 13, mineral exploration activity or a mining operation shall be considered in substantial and direct competition with the Company if such mining operation is conducted within the countries of Laos, Vietnam, the Philippines and Cambodia or such other country in which the Company has an operation in which the Manager is involved in at the termination of this Agreement.

Competitive Operation means any business operation engaging in substantial and direct competition with any mineral exploration activity or mining operation actively conducted by the Company or its subsidiaries on the date of termination of this Agreement; For the purposes of Clause 13, mineral exploration activity or a mining operation shall be considered in substantial and direct competition with the Company if such mining operation is conducted within the countries of Laos and Vietnam.