Restricted Business definition

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

Restricted Business has the meaning assigned to such term in the Omnibus Agreement.

Restricted Business means any business function with a direct competitor of the Company or any Subsidiary that is substantially similar to the business function performed by Executive with the Company or any Subsidiary immediately prior to his Termination Date.

Examples of Restricted Business in a sentence

• During the Term, for whatever reasons, you shall not directly or indirectly, irrespective of whether the relationship between the Company and a customer was originally established in whole or in part through your efforts; (i) solicit any Restricted Business from any customer of the Company; (ii) persuade any previous, existing or prospective customer to cease doing business with the Company; (iii) reduce the amount of business which any customer has customarily done or might propose doing with the Company.

• The Executive agrees that, during the Restricted Period, the Executive will not solicit any Restricted Business (as defined below) from any Person or entity that is, or in the prior six (6) months was a customer of the Company or its Affiliates or any prospective customer of the Company or its Affiliates with respect to which the Company or its Affiliates actively solicits or has solicited the sale of Company products and services including, without limitation, products and services of any Affiliates.

• For purposes of this Agreement, Restricted Business shall mean the business of selling and installing residential solar systems.

• Notwithstanding the foregoing, the Executive shall not be prohibited from the passive ownership of up to one percent (1%) of the securities of any entity engaged in any Restricted Business, where the securities of such entity are traded on a national securities exchange.

• You shall not, directly or indirectly, in any capacity engage or otherwise participate in any Restricted Business Activities in the Restricted Territory.

More Definitions of Restricted Business

Restricted Business means any business, company, firm, entity or endeavour that substantially competes with, or is engaged in activities that are the same as, or similar to, the activities of the Company, the Business or a Group Company.

Restricted Business shall have the meaning set forth in Section 8.2(a).

Restricted Business means any category of business or business practice for which a Service cannot be used, as identified on the Stripe Restricted Business List (located on the Stripe Website) for the applicable Service and jurisdiction of your Stripe Account.

Restricted Business has the meaning set forth in Section 9.01(i).

Restricted Business means any business conducted by Telkonet at the time of separation of the Executive from Telkonet.

Restricted Business means the operations, division, segment or subsidiary of such entity that is engaged in any Restricted Business.

Restricted Business means the businesses of the Company or any Group Company at the Termination Date (or if earlier the start of any Garden Leave Period ending on the Termination Date) with which the Executive was involved to a material extent during the last 12 months of the Employment.