Common use of Competitive Activity Restriction Clause in Contracts

Competitive Activity Restriction. Executive, personally or through any Affiliate of Executive, shall not conduct any Competitive Activity other than through the Company, unless a majority of the Board, which majority must include a majority of the Independent Trustees, have determined that such Competitive Activity will not have a material adverse effect on the operations of any Office or Industrial Property that the Company either owns or has a right to acquire. Notwithstanding any other provision of this Agreement, the Executive agrees that, during the time he is employed by the Company, the Executive shall present to the Company all opportunities that arise to engage in Competitive Activities.

Competitive Activity Restriction. Executive, personally or through any Affiliate of Executive, shall not conduct any Competitive Activity other than through the CompanyCompany (and through those companies described in Section B.2), unless a majority of the BoardCompany's Board of Directors, which majority must include a majority of the Independent TrusteesDirectors, have determined that such Competitive Activity will not have a material adverse effect on the business or operations of any Office or Industrial Property that the Company either owns or has a right to acquireCompany. Notwithstanding any other provision of this Agreement, the Executive agrees that, during the time he is employed by the Company, the Executive shall present to the Company all opportunities that arise to engage in Competitive Activities.

Competitive Activity Restriction. Executive, personally or through any Affiliate of Executive, shall not conduct any Competitive Activity other than through the Company, unless a majority of the BoardCompany's Board of Directors, which majority must include a majority of the Independent TrusteesDirectors, have determined that such Competitive Activity will not have a material adverse effect on the business or operations of any Office or Industrial Property that the Company either owns or has a right to acquireCompany. Notwithstanding any other provision of this Agreement, the Executive agrees that, during the time he is employed by the Company, the Executive shall present to the Company all opportunities that arise to engage in Competitive Activities.