Common use of Competition Covenant Clause in Contracts

Competition Covenant. ▇▇▇▇▇ hereby agrees that during and throughout the forty-eight (48) months immediately following the Separation Date he shall not: (a) Directly or indirectly, in an individual or representative capacity, own an interest in, operate, join, control, finance (whether as a lender or investor), share in the earnings of, participate in, engage in or be connected as an officer, employee, agent, independent contractor, partner, shareholder, member, consultant, employer, investor, or principal of any corporation, partnership, proprietorship, firm, association, person, or any other entity engaged in any aspect of the business of PURE, or which is otherwise in competition with PURE, notwithstanding the location of said other business; and (b) Permit his name to be used, directly or indirectly, by any person, corporation, partnership or other business entity engaged in the business of PURE.

Appears in 1 contract

Sources: Purchase, Severance, and Release Agreement (Pure Bioscience, Inc.)

Competition Covenant. ▇▇▇▇▇ Brovarone hereby agrees that during and throughout the forty-eight (48) months immediately following the Separation Date he shall not: (a) Directly or indirectly, in an individual or representative capacity, own an interest in, operate, join, control, finance (whether as a lender or investor), share in the earnings of, participate in, engage in or be connected as an officer, employee, agent, independent contractor, partner, shareholder, member, consultant, employer, investor, or principal of any corporation, partnership, proprietorship, firm, association, person, or any other entity engaged in any aspect of the business of PURE, or which is otherwise in competition with PURE, notwithstanding the location of said other business; and (b) Permit his name to be used, directly or indirectly, by any person, corporation, partnership or other business entity engaged in the business of PURE.

Appears in 1 contract

Sources: Settlement Agreement (Pure Bioscience, Inc.)