Restricted Activity definition

Restricted Activity means directly or indirectly owning any interest in, managing, controlling, participating in, consulting with, rendering services for, or in any manner engaging in any business with any customer, supplier, competitor or other person having a business relation with the Company or any of its subsidiaries; provided however that the term "Restricted Activity" shall not include passive ownership of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the business of that corporation.
Restricted Activity means any activity that is, or would reasonably be deemed to be, competitive with (i) any aspect of the business in which the Company is engaged (1) as operated prior to the date of this Agreement or (2) as contemplated by the Company to be operated in the future as of the date of this Agreement, in each case, anywhere in the world where the Company’s business may be conducted from time to time, or (ii) any business in which the Company and/or any of its affiliates are engaged or likely to engage as of the date hereof or as of the date of termination of your employment hereunder.
Restricted Activity means, either directly or indirectly, owning, managing, engaging in, operating, controlling, working for, consulting with, rendering services to, doing business with, sharing Confidential Information with, utilizing Confidential Information for the benefit of, solicitation of the Company’s customers or other protected business relationships for purposes of seeking to induce such customers to alter or end their relationship with the Company, maintaining any interest in (proprietary, financial or otherwise) or participating in the ownership, management, operations or control of, any business, in whatever form (including, without limitation, proprietorship, partnership or corporate), which competes with any significant business of the Company in existence as of the date of this Agreement or from time to time (a “Competing Business”); provided, however, that, the Employee on a post-termination of employment basis may engage in land management, minerals management, and asset management businesses, even if such businesses have a Competing Business within the Restricted Territory, but only if the Employee is not personally engaging in a Competing Business within the Restricted Territory. For the avoidance of doubt, it is understood by Employee and the Company that a Competing Business is a person or entity that is engaged in the business of the Company as such business exists at the time of Employee’s employment termination. ● As used herein, “competes with” means engaging in land management, water business, or another line of business that the Company developed or was engaged in during the Employment Term, for any person or entity other than for the Company, which is the same as or similar to or is in competition with, or has a use allied to, or may be substituted for or supplied by, any product, program, process, system or service of the Company, whether in existence or under development during Employee’s employment with the Company, or about which Employee acquired Confidential Information during his employment with the Company.

Examples of Restricted Activity in a sentence

  • Restricted Activity Directions and Public Events FrameworkI understand my legal obligations as set out in the Roadmap for Reopening and Public Events Framework.

  • You further agree to co-operate with us, as we may reasonably require to investigate any Restricted Activity related to your use of our Services.

  • If you engage in a Restricted Activity, PayPal may charge the High Volume Dispute fees for all current and future disputes irrespective of your dispute ratio or sales volumes, given PayPal’s increased involvement as a result of such Restricted Activity.

  • If you do not comply with the requirements set out in this section 4 when making a payment to us then we will treat your payment (or payment attempt) as a Restricted Activity (please see section 7) and in addition to the other rights we have under this Agreement: a.

  • We may review your withdrawal transaction to mitigate any risks and/or to prevent money laundering and to ascertain whether any Restricted Activity (as set out in section 9) is taking place (“Redemption Risk”).


More Definitions of Restricted Activity

Restricted Activity means an activity specified in section 4(1) of the Regulation;
Restricted Activity shall have the meaning set forth in Section 8(b).
Restricted Activity means any (A) engagement or association with or for a business that directly competes with Parent, the Company or the Surviving Corporation and its Subsidiaries or engages in the Company Business, provided, however, that Stockholder may become engaged by or associated with a separately managed division of a competitive business that does not directly compete with Parent, the Company or the Surviving Corporation and its Subsidiaries, nor engages in the Company Business, or (B) engagement or association with an enterprise, venture or proprietorship engaged in the provision of services and/or advice or other activities competitive with Company Business activities provided or engaged in by Parent or the Company and its Subsidiaries, provided, however, that Stockholder may become engaged by or associated with a separately managed division of such an enterprise, venture or proprietorship that does not directly compete with Company Business activities provided or engaged in by Parent or the Company and its Subsidiaries; (iii) the term "Customers" means (A) any Person for whom Parent, the Company, or any of their respective Subsidiaries provides services or advice, or has provided services or advice during the period commencing twelve (12) months prior to the Closing Date and ending on the date of termination of Stockholder's employment with the Surviving Corporation, Parent or any Subsidiary of Parent) services or advice; and
Restricted Activity shall have the meaning as defined in Section 8.1 of this Agreement.
Restricted Activity shall have the meaning set forth in Section 5.18(a).
Restricted Activity means any activity (A) in which you contribute your knowledge, directly or indirectly, in whole or in part, as an employee, consultant, agent or director or any other similar capacity that, in any such case, involves or relates to products, services or solutions of a Restricted Business that, directly or indirectly, compete with those of the Company; or (B) that may require or involve disclosure of trade secrets, proprietary or confidential information; and
Restricted Activity means the Business as carried on at Signing by the Group Entities.