Examples of Competing Project in a sentence
In the event that Employee is hired as an employee or consultant of an entity that is involved in a Competing Project, Employee shall recuse himself from and not participate in, directly or indirectly, any activities of such entity with respect to the evaluation, development or operation of the Competing Project.
Throughout the Operating Term, except for , neither Owner and its Affiliates nor Operator and its Affiliates shall, within the Restricted Area, develop, own, purchase, manage or otherwise directly participate in, have any direct interest in, or control over, any hotel resort, condominium hotel or similar project that's average daily rate is in the top percent ( %) of the ratio reported to for the hotel market (collectively, a "Competing Project"), unless mutually approved in writing by Owner and Operator.
Notwithstanding the foregoing, the following projects shall not be considered a Competing Project and shall not be subject to the foregoing restriction: (i) a boutique hotel located in the area with less than keys, and (ii) a city centre hotel located in .
In exchange for the various consideration provided herein, during the term of this Agreement and for a period of one (1) year following the date of termination, in the event Employee leaves or abandons his position with Employer otherwise than for Good Reason, then Employee will not compete with Employer through involvement on any project that Employer is then pursuing, or did pursue within the one hundred twenty (120) days prior to Employee's departure from Employer (a "Competing Project").
A proprietor or occupier of a Lot must not modify any television aerial or communication system (except telephone connections) servicing that Lot without the prior written consent of the Owners Corporation.