Competitor of Employer definition

Competitor of Employer means (i) any unit, division, line of business, parent, subsidiary or subsidiary of the parent of any of the competitors listed in the Employer’s Annual Report on Form 10-K filed immediately preceding termination; or (ii) any individual or entity that within the one-year period immediately following the Date of Termination could reasonably be expected to generate more than $5 million in annualized gross revenue from any activity that competes, or combination of activities that competes, with any business of Employer. For purposes of this Agreement, Restricted Period shall mean the period commencing on the Effective Date and ending on (i) in the event the Employee’s employment is terminated without Cause or for Good Reason, the twenty four month anniversary of the Date of Termination or (ii) in the event the Employee’s employment is terminated for any other reason, the twelve month anniversary of the Date of Termination.
Sample 1Sample 2Sample 3
Competitor of Employer means any one or more of the following:
Sample 1Sample 2Sample 3

Examples of Competitor of Employer in a sentence

  • During the term of his employment and the Non-Compete Period, Employee shall not directly or indirectly solicit, induce, or encourage any employee, consultant, agent, or customer of Employer with whom he has worked or about whom he has gained Proprietary Information to terminate his or its employment, agency, or customer relationship with Employer or to render services for or transfer business to any Competitor of Employer.

  • Executive covenants and agrees, in recognition of the foregoing and in consideration of the mutual promises contained herein, that in the event of a voluntary termination of employment by Executive pursuant to Section 5(iii), Executive shall not accept employment with any Significant Competitor of Employer or of any of Employer's affiliates for a period of twelve (12) months following such termination.

  • In the event Executive is terminated by Employer, under Section 5(vii) other than following a change in control, Executive shall not accept employment with any Significant Competitor of Employer or of any of Employer's affiliates for the lesser of (a) the remaining term of the agreement, or (b) a period of twelve (12) months following such termination.

  • During the Restricted Period, Employee shall not, directly or indirectly, on behalf of Employee or of anyone other than Employer, solicit or attempt to solicit (or assist any third party in soliciting or attempting to solicit) any of Employer’s then current and actively sought potential customers (“Customers”) in connection with any business activity that is operated by a Competitor of Employer.

  • Employee agrees that during the Term, and for a period of six (6) months after termination or expiration of the Term for any reason, Employee shall not serve as proprietor, partner, employee, stockholder, principal, agent, consultant, director, or officer, or in any other capacity participate, engage or have a financial or other interest in, any business which is a Direct Competitor of Employer.

  • During the term of his employment and the Non-Compete Period, Employee shall not directly or indirectly solicit, induce, or encourage any employee, consultant, agent, or customer of Employer with whom he has worked or about whom he has gained Proprietary Information to terminate his or its employ- ment, agency, or customer relationship with Employer or to render services for or transfer business to any Competitor of Employer.

  • During the term of her employment and the Non-Compete Period, Employee shall not directly or indirectly solicit, induce, or encourage any employee, consultant, agent, or customer of Employer with whom she has worked or about whom she has gained Proprietary Information to terminate his or its employment, agency, or customer relationship with Employer or to render services for or transfer business to any Competitor of Employer.

  • Employee expressly covenants and agrees that during the term of his employment with Employer and for a period of two (2) years immediately following the termination of said employment for any reason, he will not, directly or indirectly, seek, obtain or accept a "Competitive Position" in the "Restricted Territory" with a "Competitor" of Employer.

  • In the event Executive is terminated by Employer, under Section 5(vii) other than following a change in control, Executive shall not accept employment with any Significant Competitor of Employer or of any of Employer's affiliates for the lesser of (a) the remaining term of the agreement.

  • Executive covenants and agrees, in recognition of the foregoing and in consideration of the mutual promises contained herein, that in the event of a termination of his employment with Employer or any of its affiliates, Executive shall not accept employment with any Significant Competitor of Employer or of any of Employer's affiliates for a period of twelve (12) months following such termination.

Related to Competitor of Employer

  • Client employer means an Employer that is involved in a Tri-Party Employment Relationship due to obtaining the services of a third-party entity.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.

  • Scope of employment means performance by an employee acting in good faith within the duties of the employee’s office or employment or of tasks lawfully assigned by a competent authority including the operation or use of an agency vehicle or equipment with actual or implied consent of the supervisor of the employee, but shall not include corruption or fraud;

  • Competitor means any company, other entity or association or individual that directly or indirectly is engaged in the Company’s Business.

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • Employer as defined in Section 3(5) of ERISA.

  • associated consultant means, for an issuer, a consultant of the issuer or of a related entity of the issuer if

  • Competing Business means any business, individual, partnership, firm, corporation or other entity which wholly or in any significant part engages in any business competing with the Business in the Restricted Area. In no event will the Company or any of its affiliates be deemed a Competing Business.

  • Direct Competitor means any individual, partnership, corporation, limited liability company, association, or other group, however organized, who competes with the Company in the full service restaurant business.

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which an individual is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Prospective employee means an assessed individual who is anticipated to be hired upon completion of training.

  • Competing Services means to provide, manage, supervise, or consult about (whether as an employee, owner, partner, stockholder, investor, joint venturer, lender, director, manager, officer, employee, consultant, independent contractor, representative or agent, or otherwise) any services that are similar in purpose or function to services you provided to the Company in the two year period preceding the termination of your employment, that might involve the use or disclosure of Confidential Information, or that would involve business opportunities related to Relevant Products.

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

  • Protected Employee means any employee of the Company or an Affiliate who was employed by Company or an Affiliate at any time within six (6) months prior to the termination of Grantee’s employment for any reason or any earlier date of an alleged breach by Grantee of the restrictions in Section 17 hereof.

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

  • Company Control Person means each director, executive officer, promoter, and such other Persons as may be deemed in control of the Company pursuant to Rule 405 under the 1933 Act or Section 20 of the 1934 Act (as defined below).

  • Bona fide employee means a person, employed by a bidder and subject to the bidder's supervision and control as to time, place, and manner of performance, who neither exerts, nor proposes to exert improper influence to solicit or obtain contracts nor holds out as being able to obtain any contract(s) through improper influence.