Competition Period definition
Examples of Competition Period in a sentence
Employee agrees and understands that the terms of this Section 7 are necessary to protect legitimate business interests of Company or its affiliates and that (i) the Territory, (ii) the Restricted Competition Period, and (iii) the nature of the restrictions contained in this Section 7 are reasonable in all respects.
Seller will not and will cause its Subsidiaries and operating units and Affiliates not to (collectively, the "Restricted Parties and individually, a "Restricted Party"), for a period of three years following the Closing (the "Non- Competition Period"), manufacture, sell or provide products or services which are competitive to the Primary Activities, except that this provision shall not preclude (i) EFData Corp.
Entrant must make the Entry available free of charge and without any restriction, for testing, evaluation and use by the Sponsor and judges during the Competition Period.
During the Restricted Competition Period, the Company shall continue to pay Employee the base salary on a monthly basis.
If at any time the Company elects to discontinue these payments, the Restricted Competition Period shall cease.