Common use of Restriction on Unfair Competition Clause in Contracts

Restriction on Unfair Competition. Employee will not participate in or assist a Competing Business. Further, for twelve (12) months following termination of employment with Company, Employee will not work for, supervise, assist, or participate in, any Competing Business in any capacity (as owner, employee, consultant, contractor, officer, director, lender, investor, agent, or otherwise). This restriction is limited to the United States, the United Kingdom, and any other country in which any entity within the Elevate Group has operations at the time of termination, which the Parties stipulate is a reasonable geographic area because of the scope of the operations of the Elevate Group entities and Employee’s activities. This Section 4.5 creates a narrowly tailored advance approval requirement in order to avoid unfair competition and irreparable harm to the entities within the Elevate Group and is not intended or to be construed as a general restraint from engaging in a lawful profession or a general covenant against competition. Nothing herein will prohibit ownership of less than ten percent (10%) of the publicly traded capital stock of a corporation so long as this is not a controlling interest, or ownership of mutual fund investments. Employee may not avoid the purpose and intent of this Section 4.5 by engaging in conduct within the geographically limited area from a remote location through means such as telecommunications, written correspondence; computer generated or assisted communications, or other similar methods.

Restriction on Unfair Competition. Employee will not participate in or assist a Competing Business. Further, for twelve (12) months following termination of employment with Company, Employee will not work for, supervise, assist, assist or participate in, any Competing Business in any capacity (as owner, employee, consultant, contractor, officer, director, lender, investor, agent, or otherwise). This restriction is limited to the United States, the United Kingdom, and any other country in which any entity within the Elevate Group has operations at the time of termination, which the Parties parties stipulate is a reasonable geographic area because of the scope of the operations of the Elevate Group entities and Employee’s activities. This Section 4.5 creates a narrowly tailored advance approval requirement in order to avoid unfair competition and irreparable harm to the entities within with the Elevate Group and is not intended or to be construed as a general restraint from engaging in a lawful profession or a general covenant against competition. Nothing herein will with prohibit ownership of less than ten percent (10%) of the publicly traded capital stock of a corporation so long as this is not a controlling interest, or ownership of mutual fund investments. Employee may not avoid the purpose and intent of this Section 4.5 by engaging in conduct within the geographically limited area from a remote location through means such as telecommunications, written correspondence; , computer generated or assisted communications, or other similar methods.

Restriction on Unfair Competition. Employee will not participate in or assist a Competing Business. Further, for twelve (12) months following termination of employment with Company, Employee will not work for, supervise, assist, or participate in, any Competing Business in any capacity (as owner, employee, consultant, contractor, officer, director, lender, investor, agent, or otherwise). This restriction is limited to the United States, the United Kingdom, and any other country in which any entity within the Elevate Group has operations at the time of termination, which the Parties stipulate is a reasonable geographic area because of the scope of the operations of the Elevate Group entities and Employee’s 's activities. This Section 4.5 creates a narrowly tailored advance approval requirement in order to avoid unfair competition and irreparable harm to the entities within the Elevate Group and is not intended or to be construed as a general restraint from engaging in a lawful profession or a general covenant against competition. Nothing herein will prohibit ownership of less than ten percent (10%) of the publicly traded capital stock of a corporation so long as this is not a controlling interest, or ownership of mutual fund 11936.024 2777674v2 investments. Employee may not avoid the purpose and intent of this Section 4.5 by engaging in conduct within the geographically limited area from a remote location through means such as telecommunications, written correspondence; computer generated or assisted communications, or other similar methods.