Common use of Competition Restriction Clause in Contracts

Competition Restriction. During EMPLOYEE’s employment at NIKE, under the terms of any employment contract or otherwise, and for one (1) year thereafter (the "Restriction Period"), EMPLOYEE will not directly or indirectly own, manage, control or participate in the ownership, management or control of, or be employed by, consult for or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology and sports accessories business, or any other business that directly competes with NIKE or any of its parent, subsidiaries or affiliated corporations (a "Competitor"). This provision is subject to NIKE's option to waive all or any portion of the Restriction Period as more specifically provided below.

Appears in 2 contracts

Sources: Covenant Not to Compete and Non Disclosure Agreement, Covenant Not to Compete and Non Disclosure Agreement (Nike Inc)

Competition Restriction. During EMPLOYEE’s employment at by NIKE, under the terms of any employment contract or otherwise, and for one (1) 1 year thereafter thereafter, (the "Restriction Period"), EMPLOYEE will not directly or indirectly indirectly, own, manage, control control, or participate in the ownership, management or control of, or be employed by, consult for for, or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology and sports accessories business, or any other business that which directly competes with NIKE or any of its parent, subsidiaries or affiliated corporations (a "Competitor"). This provision is subject to NIKE's option to waive all or any portion of the Restriction Period as more specifically provided below.

Appears in 1 contract

Sources: Covenant Not to Compete and Non Disclosure Agreement (Nike Inc)

Competition Restriction. During EMPLOYEE’s employment at by NIKE, under the terms of any employment contract or otherwise, and for one (1) on year thereafter thereafter, (the "Restriction Period"), EMPLOYEE will not directly or indirectly indirectly, own, manage, control control, or participate in the ownership, management or control of, or be employed by, consult for for, or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology equipment and sports accessories business, or any other business that which directly competes with NIKE or any of its parent, subsidiaries or affiliated corporations (a "Competitor"). This provision is subject to NIKE's ’s option to waive all or any portion of the Restriction Period as more specifically provided below.

Appears in 1 contract

Sources: Covenant Not to Compete and Non Disclosure Agreement (Nike Inc)

Competition Restriction. During EMPLOYEE’s 's employment at by NIKE, under the terms of any employment contract or otherwise, and for one (1) year thereafter (the "Restriction Period"), EMPLOYEE will not directly or indirectly own, manage, control or participate in the ownership, management or control of, or be employed by, consult for or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or sports equipment, sports electronics/technology and sports accessories business, or any other business that directly competes with NIKE or any of its parent, subsidiaries or affiliated corporations (a "Competitor"). This provision is subject to NIKE's ’s option to waive all or any portion porti on of the Restriction Period as more specifically provided below.

Appears in 1 contract

Sources: Covenant Not to Compete and Non Disclosure Agreement (Nike Inc)