Competing Business definition
Examples of Competing Business in a sentence
During your employment with the Company and for a period of one year thereafter (the “Restriction Period”), you shall not, to the detriment of any member of the Company Group (as defined below), directly or indirectly, as an owner, partner, employee, agent, consultant, advisor, servant or contractor, engage in or facilitate or support others to engage in any Competing Business Line, or otherwise engage in Competing Services.
For the avoidance of doubt, Executive understands that this Section 11(b) prohibits Executive from acting for himself or as an officer, employee, manager, operator, principal, owner, partner, shareholder, advisor, consultant of, or lender to, any individual or other Person that is engaged or participates in or carries out a Competing Business or is actively planning or preparing to enter into a Competing Business.
Without the prior written consent of the Board (which may be withheld in the Board’s sole discretion), so long as Executive is an employee of the Company or any other member of the Company Group and for a one year period thereafter, Executive agrees that he shall not anywhere in the Prohibited Area, for his own account or the benefit of any other, engage or participate in or assist or otherwise be connected with a Competing Business.
During the Consulting Period and for one year thereafter (the “Restricted Period”), the Executive shall not, without the prior written consent of the Company, directly or indirectly, own, manage, operate, control, be employed by, provide services to, or otherwise participate in (whether as an owner, partner, shareholder, officer, director, employee, consultant, advisor, or in any other capacity) any Competing Business within the Restricted Territory.