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Noncompetition
Noncompetition contract clause examples
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Noncompetition. In consideration of the Company’s extension to Employee of full time employment with the Company, the Employee agrees that at no time during the Employee’s employment with the Company, and for a period of one (1) year immediately following the termination of such employment (regardless of the reason for or the party initiating the termination), the Employee will not, directly or indirectly, on the Employee’s own behalf or on behalf of any third party, in any capacity (whether as a proprietor, stockholder, partner, officer, employee, consultant, contractor, or otherwise), work for, be a consultant for, be employed by, or provide strategic advice to any Competitor, where the services the Employee would render to the Competitor are similar to those which the Employee performed for the Company. As used herein, Competitor means any person or entity that # is engaged in the development of products which may compete with the products under development by the Company at the time of Employee’s termination or within the twelve (12) month period immediately preceding such termination; and # is located within the territory of the United States. This provision does not apply to # the Employees’ passive ownership of not more than 2% of the outstanding, publicly traded securities of another company; and # work in a capacity that is unrelated to development or of products or technologies which may compete with those under development by the Company.

Executive agrees that for a period of two (2) years following the Termination Date, Executive shall not directly or indirectly, whether as an employee, officer, director, shareholder, agent, or consultant, engage or participate in any business that competes with Company, provided that nothing in this Section 10 shall preclude Executive from # performing any services on behalf of an investment banking, commercial banking, auditing, or consulting firm or # investing five percent (5%) or less in the common stock of any publicly traded company, provided such investment

Beginning on the Effective Date and ending on the first anniversary of the expiration or termination of this Agreement (the “Non-Competition Period”), except for activities expressly permitted under this Agreement, Praj will not (and will cause its Affiliates and its and their respective employees, officers, directors and owners to not) without the prior written consent of the other Party, engage in a Competitive Business Activity (as defined below) in the Restricted Territory (as defined below). The term “Competitive Business Activity” means: # directly or indirectly # providing or otherwise offering to provide process engineering services for producing Biobutanol or converting Biobutanol to Hydrocarbon Transportation Fuel, # supplying or offering to supply technology or Biobutanol technology and equipment for producing Biobutanol or converting Biobutanol to Hydrocarbon Transportation Fuel, or # assisting others to do so (“Competitive Services”); # operating (or participating in the operation of), controlling (or participating in the control of), engaging in, managing (or participating in the management of) or directing persons engaged in any firm, partnership, corporation, entity or business (each, an “Entity”) that directly or indirectly provides or otherwise offers to provide Competitive Services; or # acquiring or having an ownership interest in any entity that derives revenues from any of the foregoing activities (except for passive ownership of 1% or less of any entity whose securities are publicly traded on a national securities exchange or market or 5% or less of any entity whose securities are not publicly traded on a national securities exchange or market). The term “Restricted Territory” means the world. Notwithstanding the foregoing, the restrictions in this Section 3.3(a) will not prohibit Praj from engaging in a Competitive Business Activity with Butamax or any Butamax Affiliate.

Noncompetition. Executive hereby agrees that for the duration of Executive’s employment with [[Nucor Corporation:Organization]] and for the duration of the Restrictive Period, Executive will not, either individually or by or through any agent, representative, entity, employee or otherwise, within the Restricted Territory:

Noncompetition. During Executive’s Company Employment and thereafter for the applicable Restricted Period, Executive shall not, directly or indirectly, participate in, consult with, be employed by, or assist with the organization, planning, financing, management, operation or control of any Competitive Business, provided the foregoing shall not limit Executive from being involved in the noncompetitive portion of a Competitive Business.

Noncompetition. During the term of Grantee’s employment with the Company and for the 12 [24 for CEO] month period beginning on the date that Grantee’s employment with the Company ceases for any reason, Grantee shall not act in any capacity (whether as an employee, agent, consultant, advisor, independent contractor, proprietor, partner, officer, director, manager, owner, financier, joint venturer, or otherwise), for any of the following companies, or any business into which such company is merged, consolidated, or otherwise combined: Amazon, Burlington Coat Factory, Dillard’s, Hudson’s Bay, J.C. Penney, Kohl’s, Nordstrom, Ross Stores, Sears, Target, TJX and Walmart, and the subsidiaries, affiliates and successors of each such company, or a Restricted Business. A “Restricted Business” means any business or enterprise engaged in the business of retail sales that had annual revenues for any of its three most recently completed fiscal years of at least $4 billion; and both # offers a category or categories of merchandise (e.g., Fine Jewelry, Cosmetics, Kids, Big Ticket, Housewares, Men’s, Dresses), any of which are offered in stores, online or through an alternate channel directly by the Company, and # revenue derived by such other retailer during any of such retailer’s three most recently ended fiscal years from such category or categories of merchandise represent(s), in the aggregate, more than 50% of the Company’s total revenues for any of its three most recently completed fiscal years derived from the same category or categories of merchandise.

Noncompetition. During Executive’s Company Employment and thereafter for the applicable Restricted Period, Executive shall not, directly or indirectly, participate in, consult with, be employed by, or assist with the organization, planning, financing, management, operation or control of any Competitive Business, provided the foregoing shall not limit Executive from being involved in the noncompetitive portion of a Competitive Business.

Noncompetition. Executive covenants and agrees that during the period commencing on the Effective Date and ending two years following the Termination Date (the “Restricted Period”), Executive will not, directly or indirectly, own, manage, operate, control,

Noncompetition. During the Employment Term and for the twelve (12) month period immediately following the termination of Executive’s employment with the Company for any reason (the “Restricted Period”), Executive will not, on behalf of himself or any other entity, have an ownership interest in or become employed or engaged by, or otherwise participate in or render services to, any business or enterprise (including, without limitation, any division, group or franchise of a larger organization) within the Geographical Area (as defined below) that engages in any dredging, land reclamation or any other business engaged in by the Company; provided, however, that this restriction shall not prohibit Executive from passive beneficial ownership of less than three percent of any class of securities of a publicly-held corporation whose stock is traded on a U.S. national securities exchange or traded in the over-the-counter market. For the purpose of this provision, “Geographical Area” means any continent where the Company has conducted operations during the eighteen (18) month period immediately preceding the Termination Date. Notwithstanding anything in this Article IV to the contrary, Executive may, at any time during the Restricted Period, provide written notice to the Company that # describes a particular business or employment opportunity that Executive is interested in pursuing or in which Executive may wish to engage, and # request that the Company agree that the opportunity so described would not violate this Section 4.2. Within a reasonable time, the Company will send Executive a written response, indicating whether or not the Company consents to Executive engaging in the opportunity described in Executive’s notice.

Noncompetition. During the Employment Term, during any employment following expiration of the Employment Term pursuant to Section 1.1, and for the twelve (12) month period immediately following the termination of Executive’s employment with the Company for any reason (the “Restricted Period”), Executive will not, on behalf of him/herself or any other entity, have an ownership interest in, become employed or engaged by, provide services as an independent contractor or advisor, or otherwise participate in or render services to, any business or enterprise (including, without limitation, any division, group or franchise of a larger organization) within the Geographical Area (as defined below) that engages in any dredging, land reclamation, services to the offshore wind industry, or any other business engaged in by the Company; provided, however, that this restriction shall not prohibit Executive from passive beneficial ownership of less than three percent of any class of securities of a publicly-held corporation whose stock is traded on a U.S. national securities exchange or traded in the over-the-counter market. For purposes of this provision, Executive acknowledges that the Company’s business is global and involve customers around the world, and “Geographical Area” means any continent where the Company has conducted operations during the eighteen (18) month period immediately preceding the Termination Date. Notwithstanding anything in this Article IV to the contrary, Executive may, at any time during the Restricted Period, provide written notice to the Company that # describes a particular business or employment opportunity that Executive is interested in pursuing or in which Executive may wish to engage, and # request that the Company agree that the opportunity so described would not violate this [Section 4.2]. Within a reasonable time, the Company will send Executive a written response, indicating whether or not the Company consents to Executive engaging in the opportunity described in Executive’s notice, with or without restrictions.

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