Common use of Definition of Business Opportunities Clause in Contracts

Definition of Business Opportunities. For purposes of this Agreement, “Business Opportunities” shall mean all business ideas, prospects, proposals or other opportunities pertaining to the lease, acquisition, exploration, production, gathering or marketing of hydrocarbons and related products and the exploration potential of geographical areas on which hydrocarbon exploration prospects are located, that are developed by Employee before or during the Term or originated by any third party and brought to the attention of Employee before or during the Term, together with information relating thereto (including, without limitation, geological and seismic data and interpretations thereof, whether in the form of maps, charts, logs, seismographs, calculations, summaries, memoranda, opinions, or other written or charted means).

Appears in 6 contracts

Samples: Employment Agreement (Approach Resources Inc), Employment Agreement (Approach Resources Inc), Employment Agreement (Approach Resources Inc)

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