Common use of Competing With the Company Clause in Contracts

Competing With the Company. In the event that, within eighteen (18) months after the date of termination of Employee’s employment with the Company, Employee accepts employment with any competitor of, or otherwise competes with, the Company, the Committee, in its sole discretion, may require Employee to return to the Company the economic value of any Option Shares purchased hereunder by the Employee within the six (6) month period prior to the date of termination or after the date of termination. In such event, Employee agrees to remit the economic value to the Company in accordance with Section 5.3(b).

Appears in 4 contracts

Samples: Stock Option Agreement (WisdomTree Investments, Inc.), Stock Option Agreement (WisdomTree Investments, Inc.), Stock Option Agreement (WisdomTree Investments, Inc.)

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Competing With the Company. In the event that, within eighteen (18) months after the date of termination of Employee’s 's employment with the Company, Employee accepts employment with any competitor of, or otherwise competes with, the Company, the Committee, in its sole discretion, may require Employee to return to the Company the economic value of any Option Shares purchased hereunder by the Employee within the six (6) month period prior to the date of termination or after the date of termination. In such event, Employee agrees to remit the economic value to the Company in accordance with Section 5.3(b).

Appears in 4 contracts

Samples: Stock Option Agreement (Individual Investor Group Inc), Stock Option Agreement (Individual Investor Group Inc), Stock Option Agreement (Individual Investor Group Inc)

Competing With the Company. In the event that, within eighteen six (186) months after the date of termination of Employee’s 's employment with the Company, Employee accepts employment with with, or becomes engaged as a consultant by, any competitor of, or otherwise competes with, the Company, the Committee, in its sole discretion, may require such Employee to return to the Company the economic value of any Option Shares purchased hereunder by the Employee within the six (6) six-month period prior to the date of termination or after the date of termination. In such event, Employee agrees to remit the economic value to the Company in accordance with Section 5.3(b)5.4.2.

Appears in 2 contracts

Samples: Stock Option Agreement (Worlds Inc), Stock Option Agreement (Worlds Inc)

Competing With the Company. In the event that, within eighteen six (186) months after the date of termination of Employee’s 's employment with the Company, Employee accepts employment with with, or becomes engaged as a consultant by, any competitor of, or otherwise competes with, the Company, the Committee, in its sole discretion, may require such Employee to return to the Company the economic value of any Option Shares purchased hereunder by the Employee within the six (6) six-month period prior to the date of termination or after the date of termination. In such event, Employee agrees to remit the economic value to the Company in accordance with Section 5.3(b)7.4.2.

Appears in 2 contracts

Samples: Stock Option Agreement (Shochet Holding Corp), Stock Option Agreement (Quikbiz Internet Group Inc)

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Competing With the Company. In the event that, within eighteen (18) 18 months after the date of termination of Employee’s 's employment with the Company, Employee accepts employment with any competitor of, or otherwise competes with, the Company, the CommitteeCommittee or Board, in its sole discretion, may require Employee to return to the Company the economic value of any Option Shares purchased hereunder by the Employee within the six (6) month period prior to the date of termination or after the date of termination. In such event, Employee agrees to remit the economic value to the Company in accordance with Section 5.3(b).

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Enviro Recovery Inc)

Competing With the Company. In the event that, within eighteen (18) 18 months after the date of termination of Employee’s 's employment with the Company, Employee accepts employment with any competitor of, or otherwise competes with, the Company, the Committee, in its sole discretion, may require such Employee to return to the Company the economic value of any Option Shares purchased hereunder by the Employee within the six (6) month period prior to the date of termination or after the date of termination. In such event, Employee agrees to remit the economic value to the Company in accordance with Section 5.3(b5.4(b).

Appears in 1 contract

Samples: Stock Option Agreement (Winstar Communications Inc)

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