Exclusivity of Services and Restrictions Sample Clauses

Exclusivity of Services and Restrictions. During the Employment Period and the two-year period thereafter (the "Post-Employment Period"), Executive shall not, directly or indirectly, (a) be or become interested in or associated with (as an officer, director, stockholder, partner, consultant, owner, employee, agent, creditor or otherwise) any business that is then, or which then proposes to become, a competitor of the Company, provided, that the foregoing shall not restrict Executive from the ownership, solely as an investment, of securities of any business if such ownership is not as controlling person of such business, not as a member of a group that controls such business, and not as a direct or indirect beneficial owner of 5% or more of any class of securities of such business, (b) induce or seek to influence any employee of (or consultant to) the Company to leave its employ (or terminate such consultancy), (c) aid a competitor or supplier of the Company in any attempt to hire a person who shall have been employed by, or who was a consultant to, the Company within the one-year period preceding the date of any such aid, or (d) induce or attempt to influence any person who was a supplier or customer to the Company during such period to transact business with a competitor of the Company; provided, however, that, unless the Employment Period has been terminated by Employer for cause pursuant to Section 5.2, the provisions of this Section 8.1 shall continue in effect during the Post-Employment Period only so long as Employer continues to pay Executive all amounts to which Executive is entitled pursuant to Section 6 of this Agreement.
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Exclusivity of Services and Restrictions. During the Employment Period and for a further period of 2 years following termination of Employee's employment (other than termination without Cause or for Good Reason), Employee shall not, directly or indirectly, (a) be or become interested in or associated with (as an officer, director, stockholder, partner, consultant, owner, employee, agent, creditor or otherwise) any business that is then, or which then proposes to become, a direct competitor of the Company anywhere in the world; provided, that the foregoing shall not restrict Employee from the ownership, solely as an investment, of securities of any business if such ownership is (i) not as controlling person of such business, (ii) not as a member of a group that controls such business, and (iii) not as a direct or indirect beneficial owner of 5% or more of any class of securities of such business.
Sample 1
Exclusivity of Services and Restrictions. During the Employment Period and for a further period of two years after Executive is no longer employed by Employer or PTK or any of their Subsidiaries, Executive shall not, directly or indirectly, do any of the following: (a) be or become interested in or associated with (as an officer, director, stockholder, partner, consultant, employee, agent or otherwise) any business that is then, or which then proposes to compete with the business conducted in Poland by Employer or PTK or any of their Subsidiaries; provided, that the foregoing shall not restrict Executive from the ownership, solely as an investment, of securities of any of the foregoing if such ownership is (i) not as a controlling person of such company, (ii) not as a member of a group that controls such company, and (iii) not as a direct or indirect beneficial owner of 5% or more of any class of securities of such company; or (b) induce or seek to influence any employee of (or consultant to) Employer or PTK or any of their Subsidiaries to leave its employ (or terminate such consultancy) or to become financially interested in a similar business; or (c) aid a competitor of Employer or PTK or any of their subsidiaries in any attempt to hire a person who shall have been employed by, or who was a consultant to, Employer, PTK or any of their Subsidiaries within the two-year period preceding the date of any such aid. 3 4 7.2
Sample 1
Exclusivity of Services and Restrictions. In consideration of the covenants of Employer contained herein, Executive hereby agrees that, during the Employment Period and, in the event Executive's employment ceases upon expiration of the Employment Period (as it may be extended) or is terminated by Employer pursuant to Section 5.1 or Section 5.2, the Post-Employment Restriction Period (defined below), Executive shall not, directly or indirectly, (a) be or become interested in or associated with or represent or otherwise render assistance or services to or manage, operate, control or engage in (as an officer, director, stockholder, partner, consultant, owner, employee, agent, creditor or otherwise) any business that is then, or which then proposes to become, a competitor of the Company anywhere in the United States, Canada or Mexico; provided, that the foregoing shall not restrict Executive from the ownership, solely as an investment, of securities of any business if such ownership is (i) not as controlling person of such business, (ii) not as a member of a group that controls such business, and (iii) not as a direct or indirect beneficial owner of 1% or more of any class of securities of such business, (b) induce or seek to influence any employee of (or consultant to) the Company to leave its employ (or terminate such consultancy) or to become financially interested in a similar business, (c) aid a competitor or supplier of the Company in any
Sample 1
Exclusivity of Services and Restrictions. During the Employment Period and for a further period of 1 years following termination of Employee's employment (other than termination for Cause or without Good Reason), Employee shall not, directly or indirectly, (a) be or become interested in or associated with (as an officer, director, stockholder, partner, consultant, owner, employee, agent, creditor or otherwise) any business that is then, or which then proposes to become, a direct competitor of the Company anywhere in the world; provided, that the foregoing shall not restrict Employee from the ownership, solely as an investment, of securities of any business if such ownership is (i) not as controlling person of such business, (ii) not as a member of a group that controls such business, and (iii) not as a direct or indirect beneficial owner of 5% or more of any class of securities of such business. The restrictions of this Section 7 shall also apply to Employee for a termination for Cause or without Good Reason, if within ten (10) days following the Date of Termination, the Company provides written notice that it will continue to pay Employee his Base Annual Salary and continue his benefits as described in Section 5 (a) for a period of twelve (12) months following the Date of Termination.
Sample 1

Related to Exclusivity of Services and Restrictions

  • Rights and Restrictions The Restricted Share Units shall not be transferable, other than pursuant to will or the laws of descent and distribution. Prior to vesting of the Restricted Share Units and delivery of the Shares to the Employee following his termination of employment, the Employee shall not have any rights or privileges of a shareholder as to the Shares subject to the Award. Specifically, the Employee shall not have the right to receive dividends or the right to vote such Shares prior to vesting of the Award and delivery of the Shares.

  • Covenants and Restrictions on Conduct of Business (a) The Trust agrees to abide by the following restrictions:

  • Basic Restrictions (i) (1) No Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own Shares in excess of the Aggregate Ownership Limit, (2) no Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own Common Shares in excess of the Common Share Ownership Limit and (3) no Excepted Holder shall Beneficially Own or Constructively Own Shares in excess of the Excepted Holder Limit for such Excepted Holder.

  • Confidential Information and Restricted Activities Employee has entered into the Company’s Employee Proprietary Information Agreement (“EPIA”) and acknowledges his or her obligations thereunder. The EPIA is specifically incorporated into this Agreement.

  • Covenants and Restrictions Tenant hereby acknowledges and agrees that the Buildings, and Tenant’s occupancy thereof, is subject to all matters of Public Record.

  • Confidential Information and Restrictive Covenants As a condition of the Executive’s employment with the Company, the Executive shall enter into and abide by the Company’s Employee Non-Compete Agreement.

  • Confidentiality and Restrictive Covenants (a) The Executive acknowledges that:

  • Business Restrictions The Issuer shall not (i) engage in any business or transactions, or be a party to any documents, agreements or instruments, other than the Transaction Documents or those incidental to the purposes thereof, or (ii) make any expenditure for any assets (other than Receivables) if such expenditure, when added to other such expenditures made during the same calendar year would, in the aggregate, exceed Ten Thousand Dollars ($10,000); provided, however, that the foregoing will not restrict the Issuer’s ability to pay servicing compensation as provided herein and, so long as no Default, Event of Default or Rapid Amortization Event shall have occurred and be continuing, the Issuer’s ability to make payments or distributions legally made to the Issuer’s members.

  • Disclosure and Use Restrictions The Executive agrees and covenants: (i) to treat all Confidential Information as strictly confidential; (ii) to not use Confidential Information except for the benefit of the Company; (iii) not to directly or indirectly disclose, publish, communicate, or make available Confidential Information, or allow it to be disclosed, published, communicated, or made available, in whole or part, to any entity or person whatsoever (including other employees of the Company) not having a need to know and authority to know and use the Confidential Information in connection with the business of the Company and, in any event, not to anyone outside of the direct employ of the Company except as required in the performance of the Executive’s authorized employment duties to the Company or with the prior consent of the Board (and then, such disclosure shall be made only within the limits and to the extent of such duties or consent); and (iii) not to access or use any Confidential Information, and not to copy any documents, records, files, media, or other resources containing any Confidential Information, or remove any such documents, records, files, media, or other resources from the premises or control of the Company, except as required in the performance of the Executive’s authorized employment duties to the Company or with the prior consent of the Board (and then, such disclosure shall be made only within the limits and to the extent of such duties or consent). Nothing herein shall be construed to prevent disclosure of Confidential Information as may be required by applicable law or regulation, or pursuant to the valid order of a court of competent jurisdiction or an authorized government agency, provided that the disclosure does not exceed the extent of disclosure required by such law, regulation, or order. The Executive shall promptly provide written notice of any such order to the Board.

  • Term of Nondisclosure Restrictions I understand that Confidential Information and Third Party Information is never to be used or disclosed by me, as provided in this Section 1. If a temporal limitation on my obligation not to use or disclose such information is required under applicable law, and the Agreement or its restriction(s) cannot otherwise be enforced, I agree and Company agrees that the two (2) year period after the date my employment ends will be the temporal limitation relevant to the contested restriction, provided, however, that this sentence will not apply to trade secrets protected without temporal limitation under applicable law.

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