Common use of Competing Business Activity Clause in Contracts

Competing Business Activity. As used in this Section 7.01, “Competing Business Activity” shall mean any business activities that are competitive with the business conducted by Employer at or prior to the date of the termination of Key Employee’s employment, or any prospective business activity or relationship of which Key Employee was aware prior to termination, including, but not limited to: (a) freight contracting, freight brokerage, contract logistics, freight forwarding or backhauling, or custom house brokerage business; or (b) any activities that are carried out by a business that competes directly or indirectly with Employer in the contracting, arranging, providing, procuring, furnishing or soliciting of distributors, freight contracting, freight brokerage, contract logistics, freight forwarding or backhauling, custom house brokerage or transportation services; or (c) any activity conducted by a business engaged in the transportation or logistics industries as a shipper, receiver or carrier; or (d) the provision of payment, financing, and information services to entities engaged in the transportation industry, or (e) the purchase, sale and sourcing of fresh fruits and vegetables.

Competing Business Activity. As used in this Section 7.01, “Competing Business Activity” shall mean any business activities that are competitive with the business conducted by Employer at or prior to the date of the termination of Key Employee’s employment, or any prospective perspective business activity or relationship of which Key Employee was aware prior to termination, including, but not limited to: (a) freight contracting, freight brokerage, contract logistics, freight forwarding or backhauling, or custom house brokerage business; or (b) any activities that are carried out by a business that competes directly or indirectly with Employer in the contracting, arranging, providing, procuring, furnishing or soliciting of distributors, freight contracting, freight brokerage, contract logistics, freight forwarding or backhauling, custom house brokerage or transportation services; , or (c) any activity conducted by a business engaged in the transportation or logistics industries as a shipper, receiver or carrier; or (d) the provision of payment, financing, and information services to entities engaged in the transportation industry, or (e) the purchase, sale and sourcing of fresh fruits and vegetables.