Common use of Competitive Services Clause in Contracts

Competitive Services. “Competitive Services” means services of the type that the Company provided or offered to its customers, clients or partners at any time during the twenty-four (24) months immediately preceding the last day of Employee’s employment with the Company (or at any time during Employee’s employment if Employee was employed for less than twenty-four months). “Competitive Services” also includes those services that the Company was in the process of developing or which it was actively engaged in research and development to offer to a customer/client/partner or anticipated customer/client/partner at the time Employee’s employment with the Company ended. Competitive Services does not include any service that the Company no longer provides and/or does not intend to provide in the 12-month period following the date on which Employee’s employment with the Company ends.

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (Manitowoc Co Inc), Performance Share Award Agreement (Manitowoc Co Inc)