Competitive Act definition

Competitive Act means, during a Participant’s Continuous Service and 12 months thereafter (subject to longer non-competition periods set forth in the relevant employment or service agreements), the Participant (i) directly or indirectly establishes, invests or participates in any competing business as an owner, partner, responsible person, shareholder or operator of a Competitor (except for holding not more than 5% of a listed company as a passive investor); (ii) serves as a director, officer, employee, consultant or advisor of any Competitor, or provides services to any Competitor, or (iii) intentionally takes actions benefiting any Competitor.
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Competitive Act means any of the following: (i) Employee's rendering services (whether or not for compensation) to, for or on behalf of a Competitor (as defined herein) as an employee, independent contractor, consultant, advisor, representative, agent or in any other capacity; and (ii) Employee's investment in or ownership (partial or total) of a Competitor, unless the Competitor's stock is publicly traded on a national exchange and Employee owns less than two percent (2%) of such stock.
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Competitive Act means, prior to the expiration of an Employee and Secrecy Agreement or any agreement containing noncompetition provisions between a Grantee and the Company, the violation of either such agreement.
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Examples of Competitive Act in a sentence

  • The Grantee agrees that, during the Restraint Period (as defined below), for any reason, the Grantee will not engage in any Competitive Act within the Non-Compete Area.

  • The Grantee agrees that, during the Restraint Period, for any reason, the Grantee will not engage in any Competitive Act within the Non-Compete Area.

  • Employee further agrees that, in the event that Employee's employment hereunder is terminated pursuant to paragraph (A), (C), (F) or (G) of Article VIII hereof, he will not engage in any Competitive Act in any state listed on Schedule I attached hereto during the Noncompete Period and during such period he will not solicit clinical laboratory service business from any of such states.

  • Title VI of the Communications Act of 1934, as amended by the Cable Communications Policy Act of 1984, the Cable Television Consumer Protection and Competitive Act of 1992 and the Telecommunications Act of 1996, as it may, from time to time, be further amended.

  • In the event that Participant’s Continuous Service terminates for Cause, or Participant commits a Competitive Act or Participant breaches the confidentiality obligations under this Agreement, Settled Shares and cash paid by the Company in lieu of delivering only Ordinary Shares in respect of the Restricted Stock Units shall be forfeited by the Participant and all of the Participant’s rights to such units shall immediately terminate without any payment or consideration by the Company.

  • For the avoidance of doubt, if, during the Restraint Period, Employee engages in a Competitive Act within the Non-Compete Area (as such terms are defined in Section 13 below), and/or during the Restraint Period, breaches Section 8, 9, 12 or 13 below, the obligation to pay any and all cash severance set forth in this Section 1.b. not yet paid to Employee shall immediately cease and no further cash severance shall be paid.

  • Notwithstanding anything contained in this Article 5, to the extent that an Employee Stockholder exercises his or her put rights in accordance with the terms of hereof and his or her Corporation Securities are paid for with a Promissory Note, the then outstanding balance of any such Promissory Note shall be forfeited by the Employee Stockholder if the Employee Stockholder engages in a Competitive Act during the Non-Compete Period.

  • Employee agrees that, during the Restraint Period, for any reason, the Employee will not engage in any Competitive Act within the Non-Compete Area.


More Definitions of Competitive Act

Competitive Act means any of the following: (i) Employee's rendering of professional dental xx[specialty]xx services (whether
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