Common use of PROHIBITED TRADING Clause in Contracts

PROHIBITED TRADING. No employee and/or former employee who currently works or used to work on a full time or part time basis for the Company or any of its related entities shall, during the term of the employee and/or former employee’s service to the Company or any of its related entities and after termination of service become a client of any brand of the Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the employee and/or former employee is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the employee and/or former employee’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated. No business associate or former business associate of the Company or any of its related entities shall, during the period of the agreement between the associate/former business associate and the Company and after termination of such agreement, become a client of any brand of the Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the associate/former business associate is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the relevant associate/former business associate’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated.

Appears in 5 contracts

Samples: Client Agreement, Client Agreement, Terms and Conditions

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PROHIBITED TRADING. No employee and/or former employee who currently works or used to work on a full time or part time basis for the Company or any of its related entities shall, during the term of the employee and/or former employee’s service to the Company or any of its related entities and after termination of service become a client of any brand of the Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the employee and/or former employee is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the employee and/or former employee’s trading account(s) and all open positions shall be closed immediately immediately, and any funds held within the account shall be confiscated. No business associate or former business associate of the Company or any of its related entities shall, during the period of the agreement between the associate/former business associate and the The Company and after termination of such agreement, become a client of any brand of the The Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the associate/former business associate is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the relevant associate/former business associate’s trading account(s) and all open positions shall be closed immediately immediately, and any funds held within the account shall be confiscated.

Appears in 3 contracts

Samples: Terms & Conditions, Terms and Conditions, Conditions Client Agreement

PROHIBITED TRADING. No employee and/or former employee who currently works or used to work on a full time or part time basis for the Company Nuntius or any of its related entities shall, during the term of the employee and/or former employee’s service to the Company Nuntius or any of its related entities and after termination of service become a client of any brand of the Company Nuntius (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s Nuntius' prior written approval. Should the Company Nuntius consider that the employee and/or former employee is trading with any brand of the Company Nuntius without the Company’s Nuntius' prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the employee and/or former employee’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated. No business associate or former business associate of the Company Nuntius or any of its related entities shall, during the period of the agreement between the associate/former business associate and the Company Nuntius and after termination of such agreement, become a client of any brand of the Company Nuntius (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s Nuntius' prior written approval. Should the Company Nuntius consider that the associate/former business associate is trading with any brand of the Company Nuntius without the Company’s Nuntius' prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the relevant associate/former business associate’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated.

Appears in 1 contract

Samples: Client Agreement

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PROHIBITED TRADING. No employee and/or former employee who currently works or used to work on a full time or part time basis for the Company or any of its related entities shall, during the term of the employee employee’s and/or former employee’s service to the Company or any of its related entities and after termination of service become a client Client of any brand of the Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the employee and/or former employee is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances circumstances, the employee and/or former employee’s trading account(sAccount(s) and all open positions shall be closed immediately and any funds held within the account Account shall be confiscatedreturned. No business associate or former business associate of the Company or any of its related entities shall, during the period of the agreement between the associate/former business associate and the Company and after termination of such agreement, become a client Client of any brand of the Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the associate/former business associate is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances circumstances, the relevant associate/former business associate’s trading account(sAccount(s) and all open positions shall be closed immediately and any funds held within the account Account shall be confiscated.

Appears in 1 contract

Samples: Client Agreement

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