Prohibited Competition definition

Prohibited Competition shall have the meaning set forth in SECTION 9(b).
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Prohibited Competition shall consist of acting as consultant, advisor, independent contractor, officer, manager, employee, principal, agent, trustee of any corporation, partnership, association or agent or agency, or directly or indirectly owning more than one (1%) percent of the outstanding capital stock of any corporation, or being a member or employee of any partnership or any owner or employee of any other business, any of which conducts a business in competition with Employer or any of its subsidiaries for the duration of this noncompetition agreement as set forth herein. "Prohibited Competition" shall also include (in addition to the foregoing):
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Prohibited Competition shall also include (in addition to the foregoing):
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Examples of Prohibited Competition in a sentence

  • By execution of this Agreement, Employee hereby covenants that during the term of his employment with Employer he will not engage in any Prohibited Competition Activity.

  • Therefore, Executive agrees that during Executive’s employment with Fxxxxxx Mac and for twenty-four (24) months immediately following termination of Executive’s employment for any reason, Executive shall not engage in Prohibited Competition.

  • Therefore, Executive agrees that during Executive’s employment with Freddie Mac and for twenty-four (24) months immediately following termination of Executive’s employment for any reason, Executive shall not engage in Prohibited Competition.

  • For purposes of the foregoing provisions, the terms Prohibited Competition Activity and Investment Management Services shall have the meanings attributed to such terms under the Exchange Agreement among the parties dated [___], 2009.

  • On or about October 23, 2008, PRC commenced Case No. 08-00315-UT (the “Administrative Proceeding”) to investigate Debtor’s compliance with PRC rules and orders.

  • Notwithstanding Section 4.1, a Participant who retires or otherwise voluntarily terminates his employment with WRIT on or after an event of conditional vesting under Section 4.1, and thereafter engages in Prohibited Competition shall forfeit his entire Account.

  • Consequences of Prohibited Competition Article 60(1) A general partnership may request compensation for damages from partners who violate Article 59, paragraph 1 of this Law.

  • In the event that the Operating Board, by a majority vote of its Qualified Members, determines that a Managing Director has engaged in any activity (the "Disputed Activity") which constitutes the performance of Prohibited Competition Activity, then the Partnership may provide written notice (the "Disputed Activity Notice") to the Managing Director of its determination that such Disputed Activity constitutes the performance of Prohibited Competition Activity.

  • Risk equalization reserve is recognized at the amount ensuring equalization of future fluctuations in the claims ratio, net of reinsurance, in accordance with the Ordinance.

  • Confidentiality; Prohibited Competition and Solicitation; Inventions Assignment.


More Definitions of Prohibited Competition

Prohibited Competition means the Participant’s employment by, service as a director of, or provision of consulting services to, any real estate investment trust located within a reasonable commuting distance (as determined by the Committee in its sole discretion) of WRIT or the residence of the Participant at the time of his termination of employment with WRIT, during the 24-month period that begins upon the Participant’s voluntary termination of employment with WRIT, other than his retirement on or after his 65th birthday. Notwithstanding the foregoing sentence, service as a director of another real estate trust, which has been approved by the Board, shall not be included within the definition of “Prohibited Competition.”
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Prohibited Competition shall have the meaning set forth in Section 8(b).
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Prohibited Competition. Means Executive's (a) serving, directly or indirectly, as an officer agent, partner, or director of, or being employed by, consulting with, assisting, or rendering advice to, or having more than a 5% ownership interest as a stockholder, partner, or otherwise in any partnership, corporation or other person, or persons, natural or corporate, engaged in any business activity competing for personnel of or with any business conducted by Company or any Affiliate, including any owner or operator of a business located within, or which regularly solicits advertising in, a significant circulation or broadcast area of any publication or broadcast station then owned by Company or any Affiliate, or (b) divulging any material, confidential, or commercially sensitive information concerning the business, profits, sales, customers, financing, or financial condition of Company or any Affiliate to any person or persons natural or corporate, other than an officer, director, stockholder, or duly authorized agent, or employee of Company or an Affiliate.
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Prohibited Competition is defined to mean acting as a promoter, incorporator, director, trustee, officer, employee or investor (except as an investor owning an interest of less than 3% of a publicly owned company) of a bank or a thrift institution or of a parent or a subsidiary of a bank or a thrift institution.
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Related to Prohibited Competition

  • Prohibited conduct means bullying or cyberbullying as defined in this policy or retaliation or reprisal for asserting, alleging, reporting, or providing information about such conduct or knowingly making a false report about bullying.

  • Prohibited Territory means any person or country listed by the Office of Foreign Assets Control of the United States Department of Treasury as to which transactions between a United States Person and that territory are prohibited.

  • Prohibited Act means: to directly or indirectly offer, promise or give any person working for or engaged by the Customer and/or the Authority a financial or other advantage to: induce that person to perform improperly a relevant function or activity; or reward that person for improper performance of a relevant function or activity; or committing any offence: under the Bribery Act 2010; or under legislation creating offences concerning Fraud; or at common law concerning Fraud; or committing or attempting or conspiring to commit Fraud;

  • Prohibited source means any person or entity who:

  • 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”.

  • Prohibited Period means the period during which Executive is employed by the Company hereunder and a period of two years following the end of Executive’s employment with the Company.

  • Prohibited Area means North America, South America and the European Union, which Prohibited Area the parties have agreed to as a result of the fact that those are the geographic areas in which the members of the Parent Group conduct a preponderance of their business and in which the Executive provides substantive services to the benefit of the Parent Group.

  • prohibited article means an article the introduction or removal of which into or out of a prison is prohibited by any rule under this Act.

  • 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”.

  • 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.

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

  • Covenant not to compete means an agreement:

  • Prohibited Business shall be defined as any business and any branch, office or operation thereof, which is a primary competitor of the Company with respect to the Business wherever the Company does business, in North America or abroad.

  • Prohibited Action means an action of the Client as defined under paragraph 10.1 of this Client Agreement. A Prohibited Action constitutes an event of Default giving the Company the right to take action under paragraph 14.2 of this Client Agreement.

  • 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 Activity will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto or (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise.

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.