Competition Period. The Competition will be conducted in two phases:
Competition Period. If the Executive's employment is terminated by the Employer without cause or by the Executive because of a material reduction in the Executive's Base Compensation opportunity below the amount specified in Section 3 of this Agreement (other than a reduction applicable to all other similarly situated participants), or a requirement to move more than 35 miles from Indianapolis during the Stock Purchase Non-Competition Period, the Executive will receive: (A) Base Compensation at the annual rate in effect immediately prior to termination, plus an amount equal to the average annual bonus paid to the Executive in the preceding two (2) fiscal years, payable in equal monthly installments over the greater of (i) the remaining period of the Stock Purchase Non-Competition Period or (ii) twelve (12) months; (B) any earned unpaid Base Compensation and bonus for the period ending on termination; and (C) in accordance with past practice, reimburse the Executive for expenses incurred in accordance with § 4. The Executive's entitlement to the compensation and benefits described in this subsection (ii) is specifically subject to the execution and delivery by the Executive of a release agreement in form and substance reasonably acceptable to the Employer.
Competition Period. The Consultant agrees to strictly abide by the provisions of Section 5 during the Post-Termination Non-Competition Period. The Company agrees to pay the Consultant $250 per hour for providing the Post-Termination Services during the Post-Termination Non-Competition Period (the “Payment”), provided that the Consultant provides the Company with written invoices detailing the work performed in performance of the Post-Termination Services. The Payment is the Consultant’s sole compensation for providing the Post-Termination Services to the Company during the Post-Termination Non-Competition Period. The Company shall guarantee to engage the Consultant to provide the Post-Termination Services for a minimum of eight hours per month for the duration of the Non-Competition Period for so long as the Company remains in operations and for so long as Consultant provides a reasonable accounting of the Post-Termination Services provided (subject to the parenthetical caveat described above). Notwithstanding the provisions of this Section 5(c), both the vesting of the Options and of the stock restricted under the Stock Restriction and Repurchase Agreement will cease upon termination of this Agreement and will not continue during the Post-Termination Non-Competition Period. In the event of a breach of the Consultant’s obligations set forth in this Section 5(c), the Company will have the remedies provided herein and such other remedies as may be available to it under law or contract or at equity.
Competition Period. The Competition launched on May 3, 2022 and ends on or around July 5, 2022 (the “Competition Period"). The accounting period of credentials gained for the purposes described within Section 1.6 below, will be between August 1, 2021 and June 30, 2022 (“the Accounting Period”).
Competition Period. A. Competition start and end dates and times:
Competition Period. During any Additional Non-Competition Period, the Employee shall notify and keep the Employer informed concerning any employment or consulting engagements during the Additional Non-Competition Period.
Competition Period. The Parties agree that this temporal scope is a reasonable limitation upon Executive in order to protect the Company’s Confidential Intellectual Property because of Executive’s position with the Company, and the scope of Executive’s access to the Company’s Confidential Intellectual Property.
Competition Period. The Competition will be conducted during the months of April and May as described on the Website, unless extended in the Organizer’s sole discretion.
Competition Period. The Consultant agrees to strictly abide by the provisions of Section 5 during the Post-Termination Non-Competition Period. For providing the Post-Termination Services during the Post-Termination Non-Competition Period, the Company will: for each full calendar month during the Post-Termination Non-Competition Period that the Consultant provides the Post-Termination Services, pay the Consultant an amount equal to the product of (i) the Consultant’s Consulting Compensation for the full calendar month prior to the month of the termination of this Agreement, multiplied by (ii) the greater of: (x) the Consulting Percentage during such month and (y) one-sixth (1/6), as adjusted for any partial month in which Post-Termination Services are provided (collectively, the “Payment”). The Payment is the Consultant’s sole compensation for providing the Post-Termination Services to the Company during the Post-Termination Non-Competition Period. Notwithstanding the provisions of this Section 5(c), both the vesting of the Options and of the stock restricted under the Stock Restriction and Repurchase Agreement will cease upon termination of this Agreement and will not continue during the Post-Termination Non-Competition Period. In the event of a breach of the Consultant’s obligations set forth in this Section 5(c), the Company will have the remedies provided herein and such other remedies as may be available to it under law or contract or at equity.
Competition Period. The period of time in which the Competition is open is stated in the Women Riders Now website that refers to these Rules.
