Examples of Restrained Business in a sentence
Each of the restraint obligations imposed by this clause 10 (which results from the combinations of Restraint Area, Restrained Business and Restraint Period) is a separate and independent obligation from the other restraint obligations imposed (although they are cumulative in effect).
Restrained Business means a business or activity which is the same as or similar to or competitive with the Business.
If any restraint obligation is judged to go beyond what is reasonable in the circumstances and necessary to protect the goodwill of the Business but would be judged reasonable if any Restrained Business were deleted or a Restraint Period or a Restraint Area were reduced, then the Restraint applies with that activity deleted or period or area reduced so as to make the Restraint reasonable in the circumstances.
Clause 13.2 does not prevent the Vendor or any of its related bodies corporate from doing anything referred to in clause 13.2(a) or clause 13.2(b) as a consequence of purchasing any company or business that operates, or is concerned or interested in, a Restrained Business as an ancillary part of that company or business, for a transitional period of 12 months after such a purchase.
The petition and subsequent docket filings, other than any information for which confidential treatment is requested of or granted by the Commission, are at https://www.puc.nh.gov/Regulatory/Docketbk/2020/20-184.html.