Competitor Business definition
Competitor Business means any person or entity, which engages, or competes with the Company or any Company Affiliate, in any part of the Primary Service Area, in any aspect of the commercial banking business.
Competitor Business means (i) any business involving the acquisition or attempted acquisition "on a national basis" (as defined below) of new or used automobile dealerships, (ii) unless (A) Executive's employment is terminated by the Board without Cause or by Executive for Good Reason or (B) the Company does not offer to extend Executive's employment beyond the Termination Date in accordance with Section 2(a), any business that owns three or more new or used automobile dealerships in the same market (other than the greater Philadelphia market) in which any Investment Entity then owns, or is engaged in negotiations regarding the acquisition of, any new or used automobile dealerships, or (iii) any other business of the type being conducted by the Company which is or was engaged in the retail automobile dealership or used car dealership industries at the Termination Date. A business shall be deemed to involve the acquisition or attempted acquisition of new or used automobile dealerships "on a national basis" if it holds itself out as seeking to acquire, or if in the preceding three years it has acquired, new or used automobile dealerships in three or more states or provinces. The covenant contained in this Section 7 shall survive the termination of this Agreement.
Competitor Business is defined for purposes of this Agreement on Exhibit A to this Agreement) then, except as otherwise provided in Paragraph 9, below, Mr. Pottruck's Termination Date will be deemed to be the next ▇▇▇▇▇▇▇▇ ▇▇y following his acceptance of and commencement of service in such position and he will receive a lump sum payment for the unpaid portion of the remainder of any payments due under Paragraph 2 (ii) and (iv), less usual and customary taxes, withholding and authorized deduction. (For avoidance of doubt, Mr. Pottruck will not be eligible for any further continued benef▇▇▇ ▇▇▇▇▇▇▇▇ to Paragraph 2(iii) or any further continued vesting pursuant to Paragraph 6 as of the new Termination Date, except as may be provided in the applicable plan or agreement, and resulting from the Termination Date.) The mere formation of a business entity in which Mr. Pottruck is a sole proprietor, member, shareholder, or em▇▇▇▇▇▇ ▇▇▇▇ not, in and of itself, accelerate the Termination Date; however, Mr. Pottruck remains subject to the notification provisions of th▇▇ ▇▇▇▇▇▇▇▇h 8 and the provisions of Paragraph 9 with respect to any such business entity. If Mr. Pottruck accepts any such position or otherwise begins to a▇▇ ▇▇ ▇▇▇ ▇▇▇acity with a Competitor Business at any time prior to January 31, 2007 without the written authorization of Carrie Dwyer (or her designee), his Termination Date will be de▇▇▇▇ ▇▇ ▇▇ ▇he next business day following his acceptance of such position, all remaining payments, benefits and continued vesting of performance shares and stock options under this Agreement shall cease immediately and all performance shares described in Paragraph 2(v), stock options described in Paragraph 2(vi) and LTIP units described in Paragraph 2(vii) that have not vested as of his Termination Date will be forfeited and cancelled as if Mr. Pottruck had been terminated for cause under the terms of t▇▇ ▇▇▇▇▇▇▇▇▇e performance share and stock option agreements. (For avoidance of doubt, Mr. Pottruck will not receive any payments for the unpaid portion ▇▇ ▇▇▇ ▇▇▇▇▇nder of the payments under paragraph 2(ii) or (iv), his eligibility for any further benefits and vesting will cease as of the new Termination Date, any unvested performance shares, stock options, and LTIP units will be immediately canceled, and Mr. Pottruck shall not be entitled to any additional vesting as ▇▇▇ ▇▇▇▇▇ ▇▇ any retirement or any other provision under the applicable award agreements.) If Mr. Pottruck undertakes any acti...
Examples of Competitor Business in a sentence
However, for the avoidance of doubt and notwithstanding the foregoing or any other term of this Agreement, the Client may not, during the Term, be involved in, be engaged by or engage, do business with, grant a licence of intellectual property or procure services from, in any capacity, any Competitor Business, without the prior written consent of SkillCorner.
More Definitions of Competitor Business
Competitor Business means (i) any of the following: Bonneville International Corporation; Entercom Communications Corporation; Fiscowl, LLC (d/b/a Analytical Owl); The ▇▇▇▇▇▇▇ Company (US), LLC; Gracenote; iHeart Media + Entertainment, Inc.; Veritone, Inc.; and Xperi Corporation (f/k/a iBiquity); or (ii) any business that is engaged in (a) the terrestrial radio broadcasting business or the city and regional magazine publishing business, or (b) the use, development or sale of dynamic pricing software or services. The parties acknowledge and agree that Company’s business is generally located at least within the Geographic Territory, extends throughout the Geographic Territory, and is not limited to any particular region of the Geographic Territory. This Section 10(b) of the Agreement shall replace, in its entirety, Section 8.2 of the Employment Agreement.
Competitor Business means any provider of data analytics services in the football industry which involves the generation of player tracking from broadcast video and/or an application for player recruitment.