Competitive Person definition
Examples of Competitive Person in a sentence
In addition, if, during the Earnout Period, Buyer acquires a direct or indirect interest in the ownership, management, operation, revenues or profits of any Competitive Person, the Company and its Subsidiaries will be given credit for the Competitive Person’s written premium for medical professional liability insurance sold in Texas and Mississippi after such acquisition by Buyer for purposes of computing Direct Premiums Written.
Employee agrees that for a period of twenty-four (24) months following the Retirement Date (the “Restricted Period”), Employee will not, directly or indirectly, hold any ownership interest in (except as a stockholder of a public company in which Employee owns less than three percent (3%) of the issued and outstanding capital stock of such company), manage, control, serve on the Board of Directors of, or render services of any kind, in any capacity, to any Competitive Person or Entity, as defined below.
Employee agrees that, during the Restricted Period, Employee will not, directly or indirectly, solicit, contact, discuss with, or provide services to any Customer regarding or concerning any Competitive Person or Entity, as defined above, or otherwise take any action that attempts to or may actually diminish the business with, or purchases from, the Company with respect to any Customer.
Executive agrees that for a period of eighteen (18) months following the Retirement Date (the “Restricted Period”), Executive will not, directly or indirectly, hold any ownership interest in (except as a stockholder of a public company in which Executive owns less than three percent (3%) of the issued and outstanding capital stock of such company), manage, control, serve on the Board of Directors of, or render services of any kind, in any capacity, to any Competitive Person or Entity, as defined below.