Competition with the Company Sample Clauses

Competition with the Company. Except as provided for in Sections 2(b) and 6(b) hereof, until termination of his employment and for a period of 12 months commencing on the date of termination, the Executive, directly or indirectly, in association with or as a stockholder, director, officer, consultant, employee, partner, joint venturer, member or otherwise of or through any person, firm, corporation, partnership, association or other entity, will not compete with the Company or any of its affiliates in the offer, sale or marketing of radiology products or services, including radiology practice management services, that are competitive with the products or services offered by the Company as of the date of this Agreement, or any other business engaged in by the Company after the date of this Agreement in which Executive is actively involved on behalf of the Company, within any metropolitan area in the United States or elsewhere in which the Company is then engaged in the offer and sale of competitive products or services except as provided in (b) below. Additionally, the foregoing shall not prevent Executive from accepting employment with an enterprise engaged in two or more lines of business, one of which is the same or similar to the Company's business (the "Prohibited Business") if Executive's employment is totally unrelated to the Prohibited Business; provided, further, the foregoing shall not prohibit Executive from owning up to 5% of the securities of any publicly-traded enterprise provided Executive is not an employee, director, officer, consultant to such enterprise or otherwise reimbursed for services rendered to such enterprise.
Competition with the Company. The Executive covenants and agrees that, during the Term of this Agreement, the Executive will not, without the prior written consent of the Company, directly or indirectly (whether as a sole proprietor, partner, stockholder, director, officer, employee or in any other capacity as principal or agent), compete with the Company. Notwithstanding this restriction, Executive shall be entitled to invest in stock of other competing public companies so long as his ownership is less than 5% of such company's outstanding shares.
Competition with the Company. For purposes of this Agreement, (A) the phrase “in competition with the Company” shall be deemed to include competition with the Company and its subsidiaries and Affiliates, or their respective successors or assigns, or the businesses of any of them, and (B) a business shall be deemed to be in competition with the Company if it is engaged in any business activity or has products or services that are the same or similar to the business activities, products or services of the Company during the Employment Term. Notwithstanding the foregoing, nothing herein contained shall prevent Employee from acquiring and holding for investment up to five percent (5%) of any class of securities of any corporation, if such securities are listed or traded on a national securities exchange or the Nasdaq Stock Market or in the over-the-counter market.
Competition with the Company. Until termination of his employment and for a period of one year commencing on the date of termination, the Executive (individually or in association with, or as a shareholder, director, officer, consultant, employee, partner, joint venturer, manager, member, or otherwise, of or through any person, firm, corporation, partnership, limited liability company, association or other entity) shall not, directly or indirectly, act as an employee or officer (or comparable position) of, owning an interest in, or providing Services as defined in Section 9(a) for a direct competitor (either now or in the future) of the Company (any, a “Competitor”).
Competition with the Company. The Managers shall refrain from dealing with the Company in the conduct of the Company's business as or on behalf of a party having an interest adverse to the Company unless a majority, by individual vote, of the Board of Managers excluding the interested Manager, consents thereto. The Managers shall refrain from competing with the Company in the conduct of the Company's business unless a majority, by individual vote, of the Board of Managers excluding the interested Manager, consents thereto.
Competition with the Company. The Executive covenants and agrees that the Executive will not, directly or indirectly (whether as a sole proprietor, partner, director, officer, employee or in any other capacity as principal), (i) during the one year period following the voluntary termination of his employment or the termination of his employment by the Company for Cause, compete with the Company within the scope of the Company’s business of real estate in the Volusia County, Florida, area, or by rendering services to any entity engaged in a joint venture or similar project with the Company, if any, and (ii) during the six month period following the voluntary termination of his employment or the termination of his employment by the Company for Cause, compete with the Company within the scope of any other then-current business of the Company, if any.
Competition with the Company. The Executive agrees that during the term of the Executive's Employment Period and for a two year period of time thereafter will not, directly or indirectly, for his own benefit or on behalf of others, compete, or be an officer, director, employee or holder of more than 5% of the capital stock or other equity interest of any corporation or other entity which competes with the Company or any of its subsidiaries at the date of his termination from the Company ("Competitive Activity"). The limitations imposed by this Paragraph 6.7 will extend to all geographic areas in which the Company conducts business at the date of termination of the Executive's employment by the Company. If Executive becomes affiliated with a franchise or franchisees of the Company after the termination of his employment by the Company, it will not be deemed a competitive activity.
Competition with the Company. The Executive covenants and agrees that during the Term, and for a period of twenty (24) months after termination of this Agreement, the Executive shall not, without the prior written consent of the Company, directly or indirectly (whether as a sole proprietor, partner, member, stockholder, director, officer, employee or in any other capacity as principal or agent) compete with the Company. Notwithstanding the foregoing, if the Executive is terminated pursuant to Section 5(d) or termination occurs for any reason other than for "Cause" (including voluntary termination) after a Change of Control as described in Section 7, the 24-month non-compete provision set forth in this Section 6(a) shall be released and be of no further force or effect, unless the Executive elects to have the non-competition covenant take effect, in which case the Company shall pay the Executive his Base Salary within the 24-month (or such shorter period as elected by Executive) non-compete period. Notwithstanding this restriction, Executive shall be entitled to invest in stock of other competing public companies so long as his ownership is less than 5% of such company's outstanding shares. If the Company does not employ the Executive beyond the expiration of the Term the Company shall pay the Executive the Base Salary in effect upon expiration of Term during the 24-month non-compete period stated above, or, with the approval of the Executive, may release and waive the foregoing non-competition provision.
Competition with the Company. For the duration of the Term of ---------------------------- Engagement, and, if termination of Consultant's engagement is for cause by the Company or by reason of Consultant's resignation, for a period of eighteen months after such termination of Consultant's engagement ("the Noncompetition Period"), Consultant agrees not to compete with the Company or any of its lessees, franchisees, management companies or affiliated partnerships as an officer, director, stockholder, partner, member, manager, associate, employee, owner, agent, investor, creditor, independent contractor, co-venturer, consultant or otherwise, or encourage, counsel, advise or financially assist or support his spouse or any other member of his immediate family that resides with him to be or become, or himself be or become interested in or associated with any person, corporation, firm or business engaged in the operation of a hotel or motel within any state in which any Signature Inn or Jameson Inn in operation during the Noncompetition Period. Notwithstanding anything to the contrary in the foregoing, it is agreed that during any remaining portion of the Noncompetition Period he may acquire or develop a single hotel property and be involved in the ownership and/or operation of such single property if such property is not located within twenty (20) miles of any existing Signature Inn or Jameson Inn or any site, which at the time of the termination of such employment, is owned or under contract for acquisition by Jameson Inns, Inc. for the development of a Signature Inn or Jameson Inn (or other hotel property owned or operated by the Company of Jameson Hospitality, LLC). Consultant acknowledges that the restricted period of time and geographic region specified are reasonable in view of the nature of the business in which the Company or any of its lessees, franchisees, management companies or affiliated partnerships is engaged and Consultant's knowledge of the Company's operations. If the scope of any stated restriction is too broad to permit enforcement of such restriction to its full extent, then such restriction shall be enforced to the maximum extent permitted by law. Consultant hereby agrees that regardless of the actual date engagement commences, this covenant is supported by consideration consisting of the acquisition of Signature Inns, Inc, and its good will by the Company pursuant to that certain Agreement and Plan of Merger between the Company and Signature Inns, Inc, dated as of Apr...
Competition with the Company. During the term of this Agreement and for a period of 24 months commencing on the date of termination of the Executive's employment with the Company, the Executive shall not, directly or indirectly, compete with the Company by managing or operating, either full or part-time, a business in the same or similar industry or industries currently or during the term of this Agreement conducted, or planned to be conducted by the Company anywhere in the United States. However following termination of the Executive's employment with the Company, the Executive may take a sales position with a business in the same or similar industry or industries as the Company.