Common use of Incompatible Activities Clause in Contracts

Incompatible Activities. During the Employment Period ----------------------- and for a period of one year thereafter, the Executive: (A) shall not engage in any activities, whether as employer, proprietor, partner, stockholder (other than the holder of less than 5% of the stock of a corporation the securities of which are traded on a national securities exchange or the NASDAQ National Market System), director, officer, employee or otherwise, in competition with (1) the businesses conducted at the date hereof by the Company or Parent Company or (2) any business in which the Company or Parent Company is substantially engaged at any time during the Employment Period; (B) shall not solicit, directly or indirectly, either alone or through any person with whom the Executive is affiliated, in competition with the Company or Parent Company, any person who is a customer of the businesses conducted by the Company or Parent Company at the date hereof or of any business in which the Company or Parent Company is substantially engaged at any time during the Employment Period; and (C) shall not, directly or indirectly, either alone or through any person with whom the Executive is affiliated, induce or attempt to persuade any employee of the Company or Parent Company to terminate his or her employment relationship in order to enter into competitive employment, or hire any such person within six months of his termination of employment from the Company.

Appears in 4 contracts

Sources: Employment Agreement (Securitas Ab), Employment Agreement (Securitas Ab), Employment Agreement (Securitas Ab)