As Executive Sample Clauses
As Executive. During Executive’s employment and for a period of one (1) year after the termination of Executive’s employment with the Company for any reason, Executive will not, absent the Company’s prior written approval, directly or indirectly, individually or on behalf of any other person or entity, whether as principal, agent, stockholder (other than as the holder of not more than 1% of the combined voting power of the outstanding stock of a public company), officer or director of any corporation or other business entity, or as a trustee, fiduciary or in any other similar representative capacity, solicit any person or entity that engages in (a) providing luxury destination club vacation opportunities or (b) the ownership and/or operation of a business of providing luxury destination club vacation opportunities. Such period is hereafter referred to as the “Executive Non-Compete Period”. Executive acknowledges and agrees that his salary sufficiently compensates, and has been determined in the understanding that Executive will comply with, the non-compete obligations set forth herein.
As Executive. During Executive’s employment and for a period of one (1) year after the termination of Executive’s employment with the Company for any reason, Executive will not, absent the Company’s prior written approval, directly or indirectly, individually or on behalf of any other person or entity, whether as principal, agent, stockholder (other than as the holder of not more than 1% of the combined voting power of the outstanding stock of a public company), officer or director of any corporation or other business entity, or as a trustee, fiduciary or in any other similar representative capacity, engage in the business of the Company. Such period is hereafter referred to as the “Executive Non-Compete Period”.