Common use of Land Development Clause in Contracts

Land Development. If you were employed as a Land Manager, VP of Land, otherwise had any managerial responsibility over the Company’s operations contracting for finished lots, or received, as part of your work duties, Confidential Information relating to land development, at any time during the twenty-four (24) months prior to termination of your Service, you agree that you will not engage in any competitive residential land development activities during the Restricted Period within the Restricted Area.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (NVR Inc), Non Qualified Stock Option Agreement (NVR Inc), Non Qualified Stock Option Agreement (NVR Inc)

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Land Development. If For the avoidance of doubt, if you were employed as a Land Manager, VP of Land, otherwise had any managerial responsibility over the Company’s operations contracting for finished lots, or received, as part of your work duties, Confidential Information relating to land development, at any time during the twenty-four (24) months prior to termination of your Service, you agree that you will not engage in any competitive residential land development activities during the Restricted Period within the Restricted Area.. (iv)

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (NVR Inc), Non Qualified Stock Option Agreement (NVR Inc), Non Qualified Stock Option Agreement (NVR Inc)

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Land Development. If you were employed as a Land Manager, VP of Land, Land or otherwise had any managerial responsibility over responsibilities in the Company’s operations for contracting for finished lots, or received, as part of your work duties, Confidential Information relating to land development, at any time lots during the twenty24-four (24) months month period prior to your termination of your for Service, you agree that you will not engage in any competitive residential land development activities during the Restricted Non-Compete Period within the Restricted Area.

Appears in 2 contracts

Samples: Restricted Share Units Agreement (NVR Inc), Non Qualified Stock Option Agreement (NVR Inc)

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