Competition During Employment Sample Clauses

Competition During Employment. Employee agrees that during the term of his employment with Employer, he will not, directly or indirectly, compete with Employer or its Affiliates in any way, and that he will not act as an officer, director, employee, consultant, shareholder, partner, equity owner, lender, guarantor or agent of any entity which is engaged in any business in competition with, the businesses in which Employer and its Affiliates are engaged as of the date hereof or in which Employer or its Affiliates become engaged during the term of his employment; provided, however, that this Section 11(a) shall not prohibit Employee or any of his Affiliates from: (i) purchasing or holding an aggregate equity interest of up to 1%, so long as Employee and his Affiliates combined do not purchase or hold an aggregate equity interest of more than 5%, in any business in competition with Employer and its Affiliates. Furthermore, Employee agrees that during the term of his employment, he will undertake no planning for the organization of any business activity competitive with the work he performs as an employee of Employer and Employee will not combine or conspire with any other employees of Employer and its Affiliates for the purpose of the organization of any such competitive business activity.
Competition During Employment. During EMPLOYEE's employment with PETCO, EMPLOYEE will not render services or give advice to, affiliate with (as employee, partner, consultant or otherwise) or invest or acquire any interest in, in whole or in significant part, any other person or organization which is engaged in or about to become engaged in franchising, developing, owning or operating a retail store specializing in pet food supplies and/or services (a "Conflicting Organization"). EMPLOYEE shall not, however, be prohibited from investing in securities of any Conflicting Organization that is listed on a national securities exchange or traded on the NASDAQ stock market, providing that EMPLOYEE does not own, or have the right to acquire, more than three percent of the outstanding voting securities of such company.
Competition During Employment. Employee agrees that during the Term, he will not, directly or indirectly: (i) compete with Employer or its affiliates by engaging in the business of the promotion or sanctioning of motorsports racing on oval dirt surfaces (the “Business”); or (ii) act as an officer, director, employee, consultant, shareholder, equity holder, advisor or agent of any person or entity which is engaged in the Business in competition with Employer; provided, however, that this Section 5(d) shall not prohibit Employee or any of his affiliates from purchasing or holding an aggregate equity interest of up to 1% in any publicly-traded company which is in competition with Employer. Furthermore, Employee agrees that during the Term, he will not plan or undertake to form or establish an organization or business engaged in the Business.
Competition During Employment. During the term of his employment, the Executive shall not, directly or indirectly, whether as a partner, employee, 10% or more shareholder, investor or otherwise, promote, participate or engage in any activity or other business that directly competes with the Employer's business of operating mobile PET Systems. The Executive's engagement and participation in the establishment of Gamma Knife surgical centers in the United States and worldwide are permissible activities under this paragraph. In addition, the Executive, while employed, shall not take any action without the Employer's prior written consent to establish, form or become employed by a competing business on termination of his employment by the Company. The Executive's failure to comply with the provisions of the preceding sentence shall give the Company the right (in addition to all other remedies the Company may have) to terminate any benefits or compensation to which the Executive may be otherwise entitled following termination of this Agreement. 3.4. PLACE OF EMPLOYMENT. The Executive shall perform the services he is required to perform under this Agreement at the Company's executive offices as established from time to time by the Board; provided, however, that the Executive may be required from time to time to travel temporarily to other locations or on the Company's business. If the Company should change the location of its executive offices to a location that is not within reasonable commuting distance to the Executives residence, then the Company shall pay the Executive's reasonable relocation expenses incurred in moving to a residence that is within reasonable commuting distance to the Company's new executive offices.
Competition During Employment. Employee agrees that during the Term, neither he, nor any of his affiliates, will directly or indirectly compete with Employer or its affiliates in any way, and that he will not act as an officer, director, employee, consultant, shareholder, lender, or agent of any entity which is engaged in any business of the same nature as, or in competition with, the businesses being conducted by Employer and its affiliates (as used herein, a business is engaged in competition with the business being conducted by Employer and its affiliates if it is involved in the manufacture, distribution or sale at retail of manufactured or modular housing in the territory consisting of the States of Virginia, West Virginia, Maryland, Delaware, Tennessee, North Carolina, South Carolina, Georgia, Florida, Arkansas, Louisiana, Alabama, Texas, Kansas, Kentucky, Oregon, Idaho, Washington, Pennsylvania, Nebraska, Colorado, Mississippi, Arizona, New Mexico, Nevada, Oklahoma, Missouri, Utah, Montana and South Dakota, or any other State where the Employer or its affiliates conduct business during the Term); provided, however, that this Section 5(d) shall not prohibit Employee or any of his affiliates from purchasing or holding an aggregate equity interest of up to 1%, so long as Employee and his affiliates combined do not purchase or hold an aggregate - 3 - 4 equity interest of more than 5%, in any business in competition with Employer and its affiliates. Furthermore, Employee agrees that during the Term, he will undertake no planning for the organization of any business activity competitive with the work he performs as an employee of Employer and Employee will not combine or conspire with any other employees of Employer and its affiliates for the purpose of the organization of any such competitive business activity. Notwithstanding the above, Employee may engage or participate in a manufactured housing subdivision project to the extent provided in that certain Manufactured Housing Purchase Agreement, of even date herewith, by and among Employer, Employee, HHI and Charles E. Rumbley.
Competition During Employment. In consideration of Employee’s access to the Confidential Information described in paragraph 10(a), Employee agrees that during Employee’s employment, Employee shall not directly or indirectly compete with Employer.
Competition During Employment. The Executive acknowledges and agrees that he will not at any time during his employment by the Company directly or indirectly own an interest in (other than a less than two percent (2%) ownership interest in publicly traded companies), join, operate, control or participate in, or be connected as an officer, employee, agent, independent contractor, consultant, partner, shareholder or principal with, any corporation, partnership, proprietorship, association, or other entity or person engaged in developing, producing, designing, providing, soliciting orders for, selling, distributing or marketing products or services or a business that directly or indirectly competes with the Company’s products, services or business; provided, however, that the Managers may authorize exceptions to this prohibition in its sole discretion upon the request of the Executive.