Common use of Non-Compete Obligations During Employment Term Clause in Contracts

Non-Compete Obligations During Employment Term. The Employee agrees that during the Employment Term: (A) the Employee will not, other than through the Related Parties, unless approved in writing by a majority of the Board, engage or participate in any manner, whether directly or indirectly, through any family member or as an employee, employer, consultant, agent, principal, partner, more than one percent shareholder, officer, director, licensor, lender, lessor or in any other individual or representative capacity, in any business or activity which is engaged in leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related products (“Competing Business”), unless set forth on the approved activities list on Exhibit A; and (B) all investments made directly or indirectly by the Employee (whether in Employee’s own name or in the name of any family members or other nominees or made by the Employee’s controlled affiliates) in a Competing Business will be made solely through the Related Parties, unless approved in writing by a majority of the Board or unless such activity is set forth on Exhibit A; and the Employee will not directly or indirectly through any family members or other person or entity and will not permit any of Employee’s controlled affiliates to: (I) invest or otherwise participate alongside the Related Parties in any Business Opportunities relating to or arising from a Competing Business, or (II) invest or otherwise participate in any business or activity relating to or arising from a Competing Business, regardless of whether any of the Related Parties ultimately participates in such business or activity, in either case, except through the Related Parties, unless approved in writing by a majority of the Board or unless such activity is set forth on Exhibit A. Notwithstanding the foregoing, for purposes of Section 10(c), prohibitions on actions of a “family member” will not include (x) actions with respect to which the Employee has no reasonable expectation of a material benefit or (y) persons who are not in the Employee’s immediate family or with respect to whom the Employee exercises no reasonable control.

Non-Compete Obligations During Employment Term. The Employee agrees You agree that during the Employment Term: (A) the Employee you will not, other than through the Related PartiesCompany, unless approved in writing by a majority of the Board, engage or participate in any manner, whether directly or indirectly, through any family member or as an employee, employer, consultant, agent, principal, partner, more than one percent shareholder, officer, director, licensor, lender, lessor or in any other individual or representative capacity, in any business or activity which is engaged in leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related products (“Competing Business”)) , unless set forth on the approved activities list on Exhibit AB; and (B) all investments made directly or indirectly by the Employee you (whether in Employee’s your own name or in the name of any family members or other nominees or made by the Employee’s your controlled affiliates) in a Competing Business will be made solely through the Related PartiesCompany, unless approved in writing by a majority of the Board or unless such activity is set forth on the approved activities list on Exhibit AB; and the Employee you will not directly or indirectly through any family members or other person or entity and will not permit any of Employee’s your controlled affiliates to: (I) invest or otherwise participate alongside the Related Parties Company in any Business Opportunities relating to or arising from a Competing Business, or (II) invest or otherwise participate in any business or activity relating to or arising from a Competing Business, regardless of whether any of the Related Parties Company ultimately participates in such business or activity, in either case, except through the Related PartiesCompany, unless approved in writing by a majority of the Board or unless such activity is set forth on the approved activities list on Exhibit A. B. Notwithstanding the foregoing, for purposes of Section 10(c)paragraph 3, prohibitions on actions of a “family member” will not include (x) actions with respect to which the Employee has you have no reasonable expectation of a material benefit or (y) persons who are not in the Employee’s your immediate family or with respect to whom the Employee you exercises no reasonable control.

Non-Compete Obligations During Employment Term. The Employee agrees You agree that during the Employment Term: (A) the Employee you will not, other than through the Related PartiesCompany, unless approved in writing by a majority of the Board, engage or participate in any manner, whether directly or indirectly, through any family member or as an employee, employer, consultant, agent, principal, partner, more than one percent shareholder, officer, director, licensor, lender, lessor or in any other individual or representative capacity, in any business or activity which is engaged in leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related products (“Competing Business”), unless set forth on the approved activities list on Exhibit AB; and (B) all investments made directly or indirectly by the Employee you (whether in Employee’s your own name or in the name of any family members or other nominees or made by the Employee’s your controlled affiliates) in a Competing Business will be made solely through the Related PartiesCompany, unless approved in writing by a majority of the Board or unless such activity is set forth on the approved activities list on Exhibit AB; and the Employee you will not directly or indirectly through any family members or other person or entity and will not permit any of Employee’s your controlled affiliates to: (I) invest or otherwise participate alongside the Related Parties Company in any Business Opportunities relating to or arising from a Competing Business, or (II) invest or otherwise participate in any business or activity relating to or arising from a Competing Business, regardless of whether any of the Related Parties Company ultimately participates in such business or activity, in either case, except through the Related PartiesCompany, unless approved in writing by a majority of the Board or unless such activity is set forth on the approved activities list on Exhibit A. B. Notwithstanding the foregoing, for purposes of Section 10(c)paragraph 3, prohibitions on actions of a “family member” will not include (x) actions with respect to which the Employee has you have no reasonable expectation of a material benefit or (y) persons who are not in the Employee’s your immediate family or with respect to whom the Employee you exercises no reasonable control.

Non-Compete Obligations During Employment Term. The Employee agrees You agree that during the your Employment TermTerm until December 31, 2018: (A) the Employee you will not, other than through the Related PartiesCompany, unless approved in writing by a majority of the Board, engage or participate in any manner, whether directly or indirectly, through any family member or as an employee, employer, consultant, agent, principal, partner, more than one percent shareholder, officer, director, licensor, lender, lessor or in any other individual or representative capacity, in any business or activity which is engaged in leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related products (“Competing Business”), unless set forth on the approved activities list on Exhibit AB; and (B) all investments made directly or indirectly by the Employee you (whether in Employee’s your own name or in the name of any family members or other nominees or made by the Employee’s your controlled affiliates) in a Competing Business will be made solely through the Related PartiesCompany, unless approved in writing by a majority of the Board or unless such activity is set forth on the approved activities list on Exhibit AB; and the Employee you will not directly or indirectly through any family members or other person or entity and will not permit any of Employee’s your controlled affiliates to: (I) invest or otherwise participate alongside the Related Parties Company in any Business Opportunities relating to or arising from a Competing Business, or (II) invest or otherwise participate in any business or activity relating to or arising from a Competing Business, regardless of whether any of the Related Parties Company ultimately participates in such business or activity, in either case, except through the Related PartiesCompany, unless approved in writing by a majority of the Board or unless such activity is set forth on the approved activities list on Exhibit A. B. Notwithstanding the foregoing, for purposes of Section 10(c)paragraph 3, prohibitions on actions of a “family member” will not include (x) actions with respect to which the Employee has you have no reasonable expectation of a material benefit or (y) persons who are not in the Employee’s your immediate family or with respect to whom the Employee you exercises no reasonable control.

Non-Compete Obligations During Employment Term. The Employee agrees that during the Employment Term: (A) the Employee will not, other than through the Related Parties, unless approved in writing by a majority of the BoardBoard of Directors, engage or participate in any manner, whether directly or indirectly, through any family member or as an employee, employer, consultant, agent, principal, partner, more than one percent shareholder, officer, director, licensor, lender, lessor or in any other individual or representative capacity, in any business or activity which is engaged in leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related products (“Competing Business”)) , unless set forth on the approved activities list on Exhibit A; and (B) all investments made directly or indirectly by the Employee (whether in Employee’s own name or in the name of any family members or other nominees or made by the Employee’s controlled affiliates) in a Competing Business will be made solely through the Related Parties, unless approved in writing by a majority of the Board of Directors or unless such activity is set forth on Exhibit A; and the Employee will not directly or indirectly through any family members or other person or entity and will not permit any of Employee’s controlled affiliates to: (I) invest or otherwise participate alongside the Related Parties in any Business Opportunities relating to or arising from a Competing Business, or (II) invest or otherwise participate in any business or activity relating to or arising from a Competing Business, regardless of whether any of the Related Parties ultimately participates in such business or activity, in either case, except through the Related Parties, unless approved in writing by a majority of the Board of Directors or unless such activity is set forth on Exhibit A. Notwithstanding the foregoing, for purposes of Section 10(c), prohibitions on actions of a “family member” will not include (x) actions with respect to which the Employee has no reasonable expectation of a material benefit or (y) persons who are not in the Employee’s immediate family or with respect to whom the Employee exercises no reasonable control.