Non-Compete Obligation. In return for the consideration given in this Agreement and in support of the promises therein, Employee agrees that Employee will not Compete during the Restricted Period in the Territory.
Non-Compete Obligation. Executive agrees that during the term of this ---------------------- Agreement and for a period of two years after the end of the Employment Term, Executive shall not, directly or indirectly, engage in (as principal, partner, director, officer, agent, employee, consultant, owner, independent contractor or otherwise, with or without compensation) or hold a financial interest in any firm or organization engaged in the business of banking (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, electronic payment services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, consumer and commercial credit card services, merchant card services, card processing services, and electronic transaction processing services) or which otherwise is engaged in competition with the Company, or its subsidiaries or affiliates, within sixty miles of Harrisburg, Pennsylvania. Executive shall not entice or solicit, directly or indirectly, any other executives or key management personnel of the Company (or any subsidiary) to work with Executive or any entity with which Executive has affiliated for a period of two years after the end of the Employment Term. Executive shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period of two years after the end of the Employment Term. The foregoing restriction shall not be construed to prohibit the ownership by Executive of not more than 5% of any class of securities of any corporation which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.
Non-Compete Obligation. Consultant agrees that during the term of this ---------------------- Agreement, Consultant shall not, directly or indirectly, engage (as principal, partner, director, officer, agent, employee, or owner, with or without compensation) in any line of business that the Company or the Bank is involved (including, but not limited to, the providing of wholesale banking services, consumer financial services, retail banking, trust and investment management services, secured and unsecured loan and financing services, real estate financing services, asset and investment management and fiduciary services, cash management services, and consumer and commercial credit card services), within sixty miles of Harrisburg, Pennsylvania. Consultant shall not entice or solicit, directly or indirectly, any executives or key management personnel of the Company (or any subsidiary) to work with Consultant or any entity with which Consultant has affiliated for any period that Consultant provides consulting services to the Company. Consultant shall also not entice or solicit, directly or indirectly, any client or customer of the Company (or any subsidiary) for any competitor or in any competitive activity for a period that Consultant provides consulting services to the Company. The foregoing restriction shall not be construed to prohibit Consultant from owning less than five percent (5%) of any class of securities of any corporation in Maryland, Pennsylvania, or New Jersey which is engaged in any of the foregoing businesses having a class of securities registered pursuant to the Securities Exchange Act of 1934, provided that such ownership represents a passive investment and that neither Consultant nor any group of persons including Consultant in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing.
Non-Compete Obligation. Executive will not, for a period of twelve (12) months from the end of the Employment Term (the “Non-Compete Period”), for Executive’s own account, or as owner, manager, officer, shareholder, consultant, director, representative or employee of a company, participate in the research or development of (i) antibodies against the EpCAM target molecule, or (ii) BiTE molecules or active agents which trigger the same mechanism as BiTE molecules (collectively, the “Non-Compete Field”). The Board may, in its discretion, reduce the scope of the Non-Compete Field.
Non-Compete Obligation. Seller agrees that it shall not, and shall cause each Seller’s Group Company not to, for a period of three (3) years after the Closing Date directly or indirectly engage or participate in any manner (whether as an owner, partner, member, manager, equity holder, independent contractor, consultant or otherwise) in the Business, or any business that is competitive with the Business, as conducted on the Signing Date or on the Closing Date (“Competitive Activities”); provided that the foregoing shall not prohibit:
Non-Compete Obligation. 11.1 The Registered Director undertakes for the duration of the Agreement and for a period of 1 year after its termination (the “Non-Compete Period”) not to become active for any domestic or foreign enterprise and/or person operating in the field of the design, manufacturing, marketing or sale of products or services similar to those products and services designed, manufactured, marketed or sold by the Company or its affiliates (including Rayovac) in the above named business.
Non-Compete Obligation. 31 14. MISCELLANEOUS ..........................................................33 15.
Non-Compete Obligation. Subject to Section 5 of the respective Promissory Note to Obligor, for due and valid consideration, the Obligor undertakes not to compete at any time as from the Closing Date until the expiration of the Restricted Period as defined in Section 4 below, directly or indirectly, be it as an employee or be it otherwise, with the Company or any successor, which takes over all or part of the Business from the Company (individually, its “Successor”; collectively, its “Successors”) in the field of producing and/or distributing hotel front office automation software. For due and valid consideration, the Obligor undertakes not to hold at any time during the Restricted Period, directly or indirectly any interest in, or maintain any influence over, any business competing with the Company or its Successors in the field of producing and/or distributing hotel front office automation software, except as set forth in Annex 2 hereto.
Non-Compete Obligation. Subject to Section 5 of the respective Promissory Note to Obligor, for due and valid consideration the Obligor undertakes not to compete at any time as from the Closing Date until the expiration of the Restricted Period as defined in Section 4 below, directly or indirectly, be it as an employee or be it otherwise, with the Company or any successor, which takes over all or part of the Business from the Company (individually, its “Successor”; collectively, its “Successors”) in the field of producing and/or distributing hotel front office automation software, except that the Obligor and the Obligor’s company Sulcus Hospitality (Schweiz) AG respectively, shall be entitled to distribute the WinnLodge Software pursuant to the separate Distribution Agreement entered into between the Company and Sulcus Hospitality (Schweiz) AG. For due and valid consideration, the Obligor undertakes not to hold at any time during the Restricted Period, directly or indirectly any interest in, or maintain any influence over, any business competing with the Company or its Successors in the field of producing and/or distributing hotel front office automation software, except that the Obligor and the Obligor’s company Sulcus Hospitality (Schweiz) AG respectively, shall be entitled to distribute the WinnLodge Software pursuant to the separate Distribution Agreement entered into between the Company and Sulcus Hospitality (Schweiz) AG
Non-Compete Obligation. Subject to Section 5 of the respective Promissory Note to Obligor, for due and valid consideration, the Obligor guarantees that neither the Investor nor the Obligor will compete at any time as from the Closing Date until the expiration of the Restricted Period as defined in Section 4 below, directly or indirectly, be it as an employee or be it otherwise, with the Company or any successor, which takes over all or part of the Business from the Company (individually, its “Successor”; collectively, its “Successors”) in the field of producing and/or distributing hotel front office automation software. For due and valid consideration, the Obligor guarantees that neither the Investor nor the Obligor will hold at any time during the Restricted Period, directly or indirectly any interest in, or maintain any influence over, any business competing with the Company or its Successors in the field of producing and/or distributing hotel front office automation software, except as set forth in Annex 2 hereto.
