Direct Competition definition

Direct Competition as used in this section, shall mean any business that directly competes against any line of business in which Officer was actively engaged during Officer’s employment with Employer. The term “Position,” as used in this section, includes a partner, director, holder of more than 5% of the outstanding voting shares, principal, executive, officer, manager or any employment or consulting position with an entity in Direct Competition with Employer, where Officer performs any duties which are substantially similar to those performed by the Officer during Officer’s employment with Employer. Officer acknowledges that a “substantially similar” position shall include any position in which Officer might be able to utilize the valuable, proprietary and confidential information to which Officer was exposed during Officer’s employment with Employer. It is acknowledged and agreed that the scope of the clause as set forth above is essential, because (i) a more restrictive definition of “Position” (e.g. limiting it to the “same” position with a competitor) will subject the Employer to serious, irreparable harm by allowing competitors to describe positions in ways to evade the operation of this clause, and substantially restrict the protection sought by Employer, and (ii) by allowing the Officer to escape the application of this clause by accepting a position designated as a “lesser” or “different” position with a competitor, the Employer is unable to restrict the Officer from providing valuable information to such competing entity to the harm of the Employer.

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Direct Competition means the presence and operation of a vending machine or vending facility on the same premises as a vending facility operated by a Blind Licensed Vendor. Vending facilities operated in areas serving employees the majority of whom normally do not have direct access in terms of uninterrupted ease of approach and the amount of time required to patronize the vending facility will not be considered to be in direct competition with the vending facility operated by a Blind Licensed Vendor.

Direct Competition means the ownership, development, or advising regarding the same property or property located within 30 miles to one owned by the Company or one of its subsidiaries or affiliates.

Examples of Direct Competition in a sentence

• The term “Position,” as used in this section, includes a partner, director, holder of more than 5% of the outstanding voting shares, principal, executive, officer, manager or any employment or consulting position with an entity in Direct Competition with Employer, where Officer performs any duties which are substantially similar to those performed by the Officer during Officer’s employment with Employer.

• Employee acknowledges that a “substantially similar” position shall include any employment or consulting position with an entity in Direct Competition with Employer is one in which Employee might be able to utilize the valuable, proprietary and confidential information to which Employee was exposed during Employee’s employment with Employer.

• The term “Position,” as used in this section, includes a partner, director, holder of more than 5% of the outstanding voting shares, principal, executive, officer, manager or any employment or consulting position with an entity in Direct Competition with Employer, where Employee performs any duties which are substantially similar to those performed by the Employee during Employee’s employment with Employer.

• The term "Position," as used in this section, includes a partner, director, holder of more than 5% of the outstanding voting shares, principal, executive, officer, manager or any employment or consulting position with an entity in Direct Competition with Employer, where Officer performs any duties which are substantially similar to those performed by the Officer during Officer's employment with Employer.

• The term "Direct Competition," as used in this section, shall mean any business that directly competes against any line of business in which Officer was actively engaged during Officer's employment with Employer.

More Definitions of Direct Competition

Direct Competition means the pres- ence and operation of a vending machine or a vending facility operated by an entity other than a blind manager on the same premises as a vending facility operated by a blind manag- er. Vending machines or vending facilities operated in areas serving employees, the majority of whom normally do not have direct access, in terms of uninterrupted ease of approach and the amount of time required to patronize the vending facility, to the vend- ing facility operated by a blind manager shall not be considered to be in direct competition with the vending facility that is operated by a blind manager.

Direct Competition means any business that is engaged in selling the same or substantially similar services or products as the Company is selling or has plans to sell during the Term of this Agreement.

Direct Competition has the meaning set forth in Section 4.5.

Direct Competition means the presence and operation of a vending machine or another business which is on the same premises or in close proximity to a business enterprise, especially if it vends or sells anything normally sold by a business enterprise, and if it is so located that it attracts customers who would otherwise patronize the business enterprise.

Direct Competition means the presence and operation of a vending machine or a vending facility on the same premises as a vending facility operated by a blind vendor, except that vending machines or vending facilities operated in areas serving employees the majority of whom normally do not have direct access (in terms of uninterrupted ease of approach and the amount of time required to patronize the vending facility) to the vending

Direct Competition is defined herein as designing, selling or rendering services similar to those offered by the Bank for the Executive's personal economic benefit or the economic benefit of any competitive bank who provides services in any geographical area in which the Bank is engaged. This includes services rendered as an independent contractor or consultant or as the owner or shareholder in any other bank.

Direct Competition by You is strictly prohibited and means accessing the Skuid Services to (a) use Skuid Services for service bureau purposes or to build Your own commercial service or commercial business; build a competitive product or service, (b) build a product using similar ideas, features, functions or graphics of the Skuid Services, (c) copy any ideas, features, functions or graphics of the Skuid Services; (d) modify or make derivative works based upon the Skuid Services or the Content; (e) reverse engineer the Skuid Services or any component thereof; or (f) copy, frame, or mirror any part or Content of the Skuid Services other than for Your own internal business purposes.