No Competition Sample Clauses

No Competition. During the Term and, unless the Agreement terminates pursuant to Section 5(a) or 5(e), through the first anniversary of the expiration thereof, the Executive shall not directly or indirectly engage in any business which is competitive with any of those business activities in which the Company or its affiliated companies were engaged directly or indirectly during the Term of the Agreement; provided, however, that the restriction in this section shall apply to the reasonable and limited geographic area consisting of any state in which the Company or its affiliated companies directly or indirectly has offices, operations or customers, or otherwise conducts business. For purposes of this section, the Executive shall be deemed to engage in a business if he directly or indirectly engages or invests in, owns, manages, operates, controls or participates in the ownership, management, operation or control of, is employed by, associated or in any manner connected with, or renders services or advice to, any enterprise engaged in any business which is competitive with any of those business activities in which the Company or its affiliated companies were engaged directly or indirectly during the Term of the Agreement; provided, however, that the Executive may invest in the securities of any enterprise (but without otherwise participating in the activities of such enterprise) if (x) such securities are listed on any national or regional securities exchange or have been registered under Section 12(g) of the Exchange Act and (y) the Executive does not beneficially own (as defined in Rule 13d-3 promulgated under the Exchange Act) in excess of 5% of the outstanding capital stock of such enterprise. The Executive agrees that if a court of competent jurisdiction determines that the length of time or any other restriction, or portion thereof, set forth in this section is overly restrictive and unenforceable, the court may reduce or modify such restrictions to those which it deems reasonable and enforceable under the circumstances, and as so reduced or modified, the parties hereto agree that the restrictions of this section shall remain in full force and effect. The Executive further agrees that if a court of competent jurisdiction determines that any provision of this section is invalid or against public policy, the remaining provisions of this section and the remainder of this Agreement shall not be affected thereby, and shall remain in full force and effect. The Executive ack...

No Competition. Often called “covenants in restraint of trade”. Such terms are generally not acceptable as contrary to ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

No Competition. At law, Guarantors have rights against the person they have guaranteed and any co-guarantors. To ensure the Lender’s rights against those same people are not affected the Guarantor agrees that it will not, without the written consent of the Lender:

No Competition. (a) Until the Secured Moneys have been fully paid and this clause 13 has been finally discharged, a Guarantor is not entitled to: (1) be subrogated to the Financier; (2) claim or receive the benefit of any Encumbrance, Surety Obligation or other document or agreement of which the Financier has the benefit; (3) claim or receive the benefit of any moneys held by the Financier; (4) claim or receive the benefit of any Power; (5) either directly or indirectly to prove in, claim or receive the benefit of any distribution, dividend or payment arising out of or relating to the liquidation of any Transaction Party liable to pay the Secured Moneys, except in accordance with clause 13.13(b); (6) make a claim or exercise or enforce any right, power or remedy (including under an Encumbrance or Surety Obligation or by way of contribution) against any Transaction Party liable to pay the Secured Moneys; (7) accept, procure the grant of or allow to exist any Encumbrance in favour of a Guarantor from any Transaction Party liable to pay the Secured Moneys; (8) exercise or attempt to exercise any right of set-off against, or realise any Encumbrance taken from, any Transaction Party liable to pay the Secured Moneys; or (9) raise any defence or counterclaim in reduction or discharge of its obligations under this clause 13. (b) If required by the Financier, a Guarantor must prove in any liquidation of any Transaction Party liable to pay the Secured Moneys for all money owed to the Guarantor. (c) All money recovered by a Guarantor from any liquidation or under any Encumbrance or Surety Obligation from any Transaction Party liable to pay the Secured Moneys must be received and held in trust by the Guarantor for the Financier to the extent of the unsatisfied liability of the Guarantor under this clause 13. (d) A Guarantor must not do or seek, attempt or purport to do anything referred to in clause 13.13(a).

No Competition. The Executive’s employment is subject to the condition that during the term of his employment hereunder and for a period of 24 months following the date his employment ceases for any reason, the Executive (i) shall not, directly or indirectly, own, manage, operate, control or participate in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director, individual proprietor, lender, consultant or otherwise with, or have any financial interest in, or aid or assist anyone else in the conduct of, any entity or business (a “Competitive Operation”) which competes in the banking industry or with any other business conducted by the Employer or by any group, affiliate, division or subsidiary of the Employer, in Madison, Oneida or Onondaga County, (ii) will refrain from directly or indirectly employing, attempting to employ, recruiting or otherwise soliciting, inducing or influencing any person to leave employment with the Employer; and (iii) will refrain from soliciting or encouraging any customer to terminate or otherwise modify adversely its business relationship with the Employer. The Executive shall fully advise the Employer as to any activity, interest, or investment the Executive may be involved in that might violate the terms of this paragraph upon the request of Employer.

No Competition. Notwithstanding Section 7.1 above, while employed by the Company and for a period equal to the greater of one (1) year after the termination of the Executive's employment with the Company for any reason whatsoever, the Executive shall not, directly or indirectly, as an executive, employer, employee, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any other individual or representative capacity, engage or participate in any business within the PRC and/or Hong Kong that is competitive with the business of the Company or any Affiliate. Notwithstanding the foregoing, the Executive may own less than one percent (1%) of any class of stock or security of any corporation listed on an internationally recognized securities exchange which competes with the Company.

No Competition. In consideration of the benefits to be received by Stockholder in connection with the Merger, Stockholder agrees, solely with respect to himself or herself, for a period ending on the later to occur of (i) the second (2nd) anniversary of the date of closing of the Merger (the "Closing Date") and (ii) the first anniversary of the date of termination of Stockholder's employment with the Surviving Corporation, Parent or any Subsidiary of Parent (the "Restricted Period"), Stockholder will not, directly or indirectly, alone or in association with others, either as a principal, joint venturer or member, officer, employee, lender, consultant, manager or otherwise: (i) contact or solicit, or direct any person, firm, corporation, association or other entity to contact or solicit, any Customers (as defined below) for the purpose of providing or attempting to provide any services and/or products that are directly competitive with the services or products described by the Restricted Activity (as defined below) and provided by Parent or the Surviving Corporation and its Subsidiaries to either (1) its Customers during the Restricted Period or to (2) its Customers during the twelve (12) months preceding the date of closing of the Merger (the "Closing Date"); (ii) solicit, on Stockholder's own behalf or on behalf of any other Person, the services of any Person who is an employee of Parent or the Surviving Corporation and its Subsidiaries (each an "Employee"), nor solicit any Employee to terminate employment with Parent or the Surviving Corporation and its Subsidiaries provided, however, that the foregoing limitations of this sub-clause only apply to Employees who are employees of Parent or the Surviving Corporation and its Subsidiaries at any time during either (1) the Restricted Period or (2) during the six (6) months preceding the Closing Date; provided, further, that nothing herein shall prohibit Stockholder from soliciting, hiring, accepting employment from, or working with any Employee (i) whose employment was terminated by the Company in accordance with its restructuring plan or (ii) who terminated his or her employment with the Company independent of any solicitation by Stockholder in a business which is not a Restricted Activity; (iii) take an action that is designed or intended or may be reasonably expected to have the effect of discouraging any Customer, supplier or other party to any business relationship of Parent or the Surviving Corporation and its Subsidiar...

No Competition. During the Restricted Period, the Executive shall not, directly or indirectly, in any manner associate with, be employed by or otherwise provide services in any capacity to (including, without limitation, association, employment or provision of services as an officer, agent, employee, partner, director, consultant or advisor) any Competitive Enterprise (as defined below). For the avoidance of doubt, the foregoing restrictions shall restrict the Executive from associating with or providing services in any capacity to a private equity firm, hedge fund or equity sponsor, in each case, that invests or seeks to invest (at any time during the Executive’s association with or provision of services to such entity) in a business enterprise that is a Competitive Enterprise.

No Competition. If within the six (6) months prior or twenty-four (24) months following a Change in Control of the Company, the Executive shall have an involuntary Termination of Employment by the Company other than for Cause, or shall have a voluntary Termination of Employment for Good Reason, then and for a period of one (1) year immediately following the Termination Date, the Executive shall not directly or indirectly engage in the business of banking, or any other business in which the Company directly or indirectly engages during the term of the Agreement; provided, however, that this restriction shall apply only to the geographic market of the Company as delineated on the Termination Date in the Community Reinvestment Act Statement of Peoples Bank, National Association. The Executive shall be deemed to engage in a business if the Executive directly or indirectly, engages or invests in, owns, manages, operates, controls or participates in the ownership, management, operation or control of, is employed by, associated or in any manner connected with, or renders services or advice to, any business engaged in banking, provided, however, that the Executive may invest in the securities of any enterprise (but without otherwise participating in the activities of such enterprise) if two conditions are met: (a) such securities are listed on any national or regional securities exchange or have been registered under Section 12(g) of the Securities Exchange Act of 1934 and (b) the Executive does not beneficially own (as defined Rule 13d-3 promulgated under the Securities Exchange Act of 1934) in excess of one percent of the outstanding capital stock of such enterprise.