Common use of Competition After Retirement or Disability Clause in Contracts

Competition After Retirement or Disability. The Option Shares that would otherwise continue to vest after you cease to be an Employee due to Retirement or Disability as provided in Section 5 shall continue to vest only if, prior to the final vesting date specified in the vesting and exercise schedule referenced in Section 2, you do not engage in any activities that compete with the business operations of the Company and its Affiliates, including, but not limited to, working in any capacity for another company engaged in the processing of agricultural commodities, the manufacturing of biodiesel, ethanol, or food and feed ingredients, or the operation of grain elevators and crop origination and transportation networks. Prior to the exercise of this Option, you may be required to certify to the Company and provide such other evidence to the Company as the Company may reasonably require that you have not engaged in any activities that compete with the business operations of the Company and its Affiliates since you ceased to be an Employee due to Retirement or Disability.

Appears in 2 contracts

Samples: A Stock Option Award Agreement (Archer Daniels Midland Co), A Stock Option Award Agreement (Archer Daniels Midland Co)

AutoNDA by SimpleDocs

Competition After Retirement or Disability. The Option Shares that would otherwise continue to vest after you cease to be an Employee due to Retirement or Disability as provided in Section 5 4 above shall continue to vest only if, prior to the final vesting date specified in the vesting and exercise schedule referenced in Section 22 above, you do not engage in any activities that compete with the business operations of the Company and its Affiliates, including, but not limited to, working in any capacity for another company engaged in the processing of agricultural commodities, the manufacturing of biodiesel, ethanol, or food and feed ingredients, or the operation of grain elevators and crop origination and transportation networks. Prior to the exercise of this Option, you may be required to certify to the Company and provide such other evidence to the Company as the Company may reasonably require that you have not engaged in any activities that compete with the business operations of the Company and its Affiliates since you ceased to be an Employee due to Retirement or Disability.

Appears in 1 contract

Samples: A Stock Option Award Agreement (Archer Daniels Midland Co)

AutoNDA by SimpleDocs

Competition After Retirement or Disability. The Option Shares that would otherwise continue to vest after you cease to be an Employee due to Retirement or Disability as provided in Section 5 4 above shall continue to vest only if, prior to the final vesting date specified in the vesting and exercise 4 schedule referenced in Section 22 above, you do not engage in any activities that compete with the business operations of the Company and its Affiliates, including, but not limited to, working in any capacity for another company engaged in the processing of agricultural commodities, the manufacturing of biodiesel, ethanol, or food and feed ingredients, or the operation of grain elevators and crop origination and transportation networks. Prior to the exercise of this Option, you may be required to certify to the Company and provide such other evidence to the Company as the Company may reasonably require that you have not engaged in any activities that compete with the business operations of the Company and its Affiliates since you ceased to be an Employee due to Retirement or Disability.. (c)

Appears in 1 contract

Samples: Stock Option Award Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.