Engage in Competition definition

Engage in Competition means the Participant's direct or indirect hire, solicit to hire, or attempt to induce any employee of the Company or a subsidiary (who is an employee of the Company or a subsidiary as of the time of such hire or solicitation or attempt to hire) or any former employee of the Company or a subsidiary (who was employed by the Company or a subsidiary within the 12-month period immediately preceding the date of such hire or solicitation or attempt to hire) to leave the employment of the Company or a subsidiary.
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Engage in Competition means to (a)(i) engage in, assist; or have any interest in, including as a principal, consultant, employee, owner, shareholder, director, officer, partner, member, advisor, agent, or financier, any entity which is or which is about to become engaged in any activity which is in competition with Employer and (ii) in connection with such activity and without Employer's `written consent (x) utilize written materials developed by Employer, (y) utilize proprietary operational or financial Employer information or (z) be in violation of any employment agreement with Employer, and (iii) the Committee reasonably determines that such activity materially and adversely affects the business of an Employer or any Affiliate in any state where they do business in the United States; provided, that this provision shall not prohibit an investment by an Employee not exceeding 1% of the outstanding securities of a publicly traded company, (b) solicit any of an Employer's or an Affiliate's customers except on their behalf; or direct any current or prospective customer to anyone other than an Employer or Affiliate for goods or services which they provide, (c) directly or indirectly influence any of an Employer's employees to terminate their employment with the Employer or accept employment with any of their competitors, or (d) interfere with any of an Employer's or an Affiliate's business relationships, including those with customers, suppliers, consultants, attorneys, and other agents, whether or not evidenced by written or oral agreements.
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Engage in Competition means direct or indirect competition by the Employee with Company without Company's prior express written consent in any business involving the manufacture and/or sale of projectile-resistant garments and materials and other ballistic protection devices, specifically including, without limitation, bullet-proof vests, knife vests and bomb suits, whether such competition be by Employee's (i) engaging in that business directly or indirectly, or through any other person as an owner, shareholder, partner, principal, consultant, sales agent or employee, or in any other manner or capacity connected with or related to such business; or (ii) making his services available to any person, firm or corporation engaged in competition with Company in that business. If the Employee violates any part of this restriction, then the period during which the restriction applies shall be extended by one day for each day on which any violation occurs. If suit is brought to enforce this paragraph and Employee is found to have violated the foregoing restrictions one or more times, for the purposes of preventing the Employee from benefitting from his own wrong, (i) Company shall be entitled to an injunction restraining the Employee from further violation for a period of one year from the date of the final judgment or decree, less only any such days as the Employee has not violated this agreement; (ii) Company shall be entitled to liquidated damages of 1/100 of Employee's annual compensation for each day which Employee is found to have been in violation of this Restrictive Covenant, which Employee and Company agree to be a reasonable estimate of the damages which Company will suffer from such breach, the actual damages not being subject to precise measurement. Employee and Company agree that a breach of this Restrictive Covenant will result in irreparable injury to the Company which cannot be fully compensated by monetary damages and, accordingly, Company shall be entitled to an injunction or to specific performance to prevent a breach or contemplated breach of this covenant. This Section 176 ("Restrictive Covenants") shall apply whether or not Employee is terminated with cause and in the event the term of this Agreement expires and Company does not enter into a new agreement. The parties acknowledge that the stock options are specific consideration for this Restrictive Covenant. Upon Employee's breach of this restrictive covenant, Employee shall have no right to exercise his rights u...
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Examples of Engage in Competition in a sentence

  • Engage in Competition, as defined below, with the Company or its subsidiaries within any market where the Company is conducting the Business at the time of termination of your employment.

  • During the Restricted Period, (i) I will not Engage in Competition with the Company anywhere within the Restricted Territory (the “Non-Competition Covenant”).

  • During the Employment Period, I will not Engage in Competition with the Company, and I will not Prepare to Compete with the Company.


More Definitions of Engage in Competition

Engage in Competition means a breach by You of the non-competition or non-disclosure provisions of any written employment agreement between You and the Company. (g) "Expiration Date" is defined in Paragraph 3. (h) "Fair Market Value" shall mean on any given date the closing price per share of the Class A Common Stock of the Company prevailing on a national securities exchange which is registered under the Securities Exchange Act of 1934, or, if Class A Common Stock was not traded on such date, on the next preceding date on which such Class A Common Stock was traded; or, if the Class A Common Stock is not traded on such a national securities exchange, the mean between the current bid and asked prices, as determined by the Company in good faith, for the Class A Common Stock quoted by persons independent of the Company and any of its affiliates, and in the case there is no generally recognized market for the Class A Common Stock, the fair market value as determined in good faith by the Company. (i) "Grant Date" shall mean [__________ __, 20__]. (j) "Hunter Affiliate" is defined in Paragraph 6(d)(v). (k) "Hunter Group" is defined in Paragraph 6(d)(v). (l) "Notice Period" is defined in Paragraph 6(d). (m) "Option Price" shall mean $[x.xx] per share. (n) "Optioned Shares" is defined in Paragraph 2. (o) "Option Term" is the period described in Paragraph 3. (p) "Purchase Agreement" shall mean a stock purchase agreement in substantially the form of Exhibit A to this Agreement. (q) "Subsidiary" means any corporation that is a "subsidiary corporation" within the meaning of Section 424(f) of the Code with respect to the Company. (r) "Termination of Employment" shall mean termination of the employment relationship between You and the Company or its Subsidiaries. (s) "Voluntary Termination" shall mean a Termination of Employment resulting solely from Your initiative without undue influence or coercion on You caused by the Company.
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Engage in Competition means engaging in any activity that is or is intended to be, directly or indirectly, of the specific types of services provided by the Employee to the Company within the last two years of the Employment Period (the “Services”) and is related, directly or indirectly, to (i) the management, tracking or identification of biospecimens for any institution or organization, (ii) the sale or distribution of biospecimens to any person, firm or entity, or (iii) any other business or operations which are directly or indirectly competitive with business and operations of the Company. This term includes participating in any manner whatsoever in a business related endeavor, including, but not limited to, acting for oneself, including as a sole proprietor, principal, incorporator, contractor, member, Employee, partner, or owner of any entity; acting in concert with others, including as an employee, officer, director, agent, representative, principal, lender or holder of one percent (1%) or more of the equity interests of any Person; and making loans, gifts, or financial assistance to any Person who engages in competition with the Company. This term also includes providing Services, directly or indirectly, for or on behalf of any Partner or Customer, including, but not limited to, as an employee, consultant, or in any other capacity.
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Engage in Competition means a breach by You of the non-competition or non-disclosure provisions of any written employment agreement between You and the Company.
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Related to Engage in Competition

  • Competition or “Competitions” means any competition comprised within the Event where the winner is awarded a prize. A Competition may be comprised of one or more qualification phase/sections, runs or heats, including official training sessions. In the FIS Rules, Competitions are sometimes also referred to as “races”.

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which the client is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Competitive Activity means any business or activity of Executive or any third party that is the same as the Business or competitive with the Business.

  • Competitions means any competition comprised within the Event where the winner is awarded a prize. A Competition may be comprised of one or more qualification phase/sections, runs or heats, including official training sessions. In the FIS Rules, Competitions are sometimes also referred to as “races”.

  • Covenant not to compete means an agreement:

  • Noncompetition Agreement shall have the meaning set forth in Section 5.9 of this Agreement.

  • Competitive Activities means any business activities in which the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such termination of employment.

  • Compete means to provide Competitive Services, whether Employee is acting on behalf of himself/herself, or in conjunction with or in concert with any other entity, person, or business, including activities performed while working for or on behalf of a Customer.

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Nonsolicitation Period means the Employment Period and a period ending one year after the Date of Termination; and

  • Generic Competition has the meaning set forth in Section 7.4.3.

  • Noncompete Period or "Nonsolicitation Period" means the period beginning the date hereof and ending on the second anniversary of the termination of Employee's employment with Employer.

  • Non-Compete Period shall have the meaning set forth in Section 5.6(a).

  • Competition Match means any match played or to be played under the jurisdiction of the Competition.

  • Competitive Business Activity means:

  • Disparagement means making comments or statements to the press, the Company’s or its Affiliates’ employees, consultants or any individual or entity with whom the Company or its Affiliates has a business relationship which could reasonably be expected to adversely affect in any manner: (a) the conduct of the business of the Company or its Affiliates (including, without limitation, any products or business plans or prospects); or (b) the business reputation of the Company or its Affiliates, or any of their products, or their past or present officers, directors or employees.

  • Non-Competition Agreements has the meaning set out in Section 7.1.1.7;

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • Competitive solicitation means a formal, advertised procurement process, other than an Invitation to Bid, Request for Proposals, or Invitation to Negotiate, approved by the Board to purchase commodities and/or services which affords vendors fair treatment in the competition for award of a District purchase contract.

  • Non-Compete Term means in the case of termination for any reason, the period from the Effective Date to the date ending 2 years following the date of termination.

  • Competitive Position means any employment with a Competitor in which Executive will use or is likely to use any Confidential Information or Trade Secrets, or in which Executive has duties for such Competitor that relate to Competitive Services and that are the same or similar to those services actually performed by Executive for the Company;

  • Restricted Activity means directly or indirectly owning any interest in, managing, controlling, participating in, consulting with, rendering services for, or in any manner engaging in any business with any customer, supplier, competitor or other person having a business relation with the Company or any of its subsidiaries; provided however that the term "Restricted Activity" shall not include passive ownership of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the business of that corporation.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.