Examples of Restricted Field in a sentence
During the Non-Competition Period, except as required for the proper performance of the Executive’s duties and responsibilities to the Company and its Affiliates, the Executive further agrees not to work for or provide services, in any capacity, whether as an employee, independent contractor or otherwise, whether with or without compensation, to any Person that is engaged in any business in the Restricted Field.
Roxio hereby grants to Adaptec a nonexclusive, irrevocable, fully paid-up, worldwide license, without the right to grant sublicenses, under the Wild File Patents to make (including the right to practice methods, processes and procedures), have made, use, lease, sell, offer for sale and import any products and services embodying or made in accordance with any invention of the Wild File Patents, but excluding products within the Restricted Field.
During the Term (the "Restrictive Period"), you will not, directly or indirectly, engage in or be connected with any business that is involved in the Restricted Field (as defined below), whether as an officer, director, stockholder, owner, employee, partner, affiliate or consultant, or assist others engaging in any such business, except with the prior approval of the Company.
You shall, however, not be in default under this agreement solely by virtue of your holding, strictly for portfolio purposes and as a passive investor, no more than one percent (1%) of the issued and outstanding shares of, or any other interest in, any body corporate or other entity whose shares are listed on any widely recognized stock exchange, the business of which is in the Restricted Field or is otherwise in competition, in whole or in part, with the business of the Company or any of its affiliates.
In the event that the End-User uses or allows a third party to use the Product, the Software or an Improvement in the Restricted Field of Use, Kinova will have the right to immediately terminate the Agreement and the End-User will have to restore the Products along with any Improvements to Kinova, at the End-User’s sole cost.