Proscribed Business definition

Proscribed Business has the meaning set forth in Section 11.1(i).
Sample 1Sample 2Sample 3
Proscribed Business means any business (i) related to the provision of health insurance, health maintenance organization services and/or administrative and management services for health maintenance organizations, or (ii) which otherwise competes with any product or service of any member of the Company Group. Notwithstanding the foregoing, the Consultant shall not be prohibited during the term of this Agreement from acting as a passive investor where he owns not more than two percent of the issued and outstanding capital stock of any publicly-held company.
Sample 1
Proscribed Business means the business of designing and manufacturing connectors, cable accessories and application tooling (including high-voltage sub-station connectors, aluminum, copper and compression connectors, installation tools, wiring accessories and mechanical terminals) for the power utility industry and the construction, maintenance and repair markets, within the Restricted Area.
Sample 1

Examples of Proscribed Business in a sentence

  • Until the expiration of the non-compete period, none of any Seller, Design Partners nor any Principal nor any of its officers, employees, agents or shareholders shall take any action that would tend to diminish the value of the Assets after the Closing or that would interfere with the Proscribed Business to be engaged in after the Closing.

  • Concurrently with the execution of this --------------- Agreement, the Company and Executive will enter into a Non-Competition Agreement, attached hereto as Exhibit A, pursuant to which the Executive agrees that he shall not engage in any Proscribed Business (as defined in the Non-Competition Agreement) for a period of five (5) years.

  • During the term of this Agreement, the Consultant will not, directly or indirectly, alone or as partner, officer, director, employee, consultant, agent, independent contractor or stockholder (other than as provided below) of any company or business, engage in any Proscribed Business (as defined below) within the United States of America.

  • Notwithstanding this Section 6.07, Seller and its Affiliates shall not be prohibited from acquiring or holding, for investment purposes only, less than five percent (5%) of the outstanding securities of any corporation or other entity engaged in the Proscribed Business.

  • Notwithstanding the foregoing, the restrictions contained in this Agreement shall not apply to any business or activity acquired by Design Partners or Principals, which is not primarily engaged in the Proscribed Business; so long as Design Partners or Principals use best efforts to divest that portion of any such business which would otherwise violate the non-solicitation provisions contained herein within a reasonable period after acquiring such business.

  • Seller agrees that, for a period of five (5) years from the Closing Date, it, and its Affiliates, shall not directly or indirectly own, manage, operate, control or otherwise engage in, the Proscribed Business.

  • Notwithstanding the foregoing, nothing herein shall prevent Buyer from conducting and operating the Business (including, without limitation hereto, pre-press, digital imaging and re-touching services) and expansions and extensions thereof so long as Buyer does not violate the Buyer Noncompetition Agreement with respect to the Buyer Proscribed Business.

Related to Proscribed Business

  • Qualified business means an eligible business that:

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Excluded Business has the meaning set forth in Section 6.10.

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Company Business means the business of the Company as presently conducted.

  • Licensed Business means the activities connected with the conveyance of

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Retained Businesses means all businesses now, previously or hereafter conducted by Sellers or any of their Affiliates, other than the Businesses, and “Retained Business” specifically includes the Specified Retained Businesses.

  • Restricted Business has the meaning set forth in Section 6.7(a).

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • 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.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Separate Business means each of the activities of the Licensee connected

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Acquired Business means the entity or assets acquired by the Borrower or a Subsidiary in an Acquisition, whether before or after the date hereof.