Conflicting Organization Clause Samples

The Conflicting Organization clause defines restrictions on a party’s involvement with organizations that compete with or have interests adverse to the other party. Typically, this clause prohibits employees, contractors, or partners from working for, consulting with, or having significant financial interests in such organizations during the term of the agreement. For example, an employee may be barred from joining a direct competitor or sharing proprietary information with them. The core function of this clause is to prevent conflicts of interest and protect sensitive business information by ensuring that individuals do not undermine the interests of the party they are contracted with.
Conflicting Organization. “Conflicting Organization” shall mean any person, entity, or organization engaged (or about to become engaged) in a business similar to, or that competes with, the business of the Bank in the Bank’s Market Area, including without limitation any bank or financial institution (including without limitation any trust company, finance company, or leasing company) in the Bank’s Market Area.
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Conflicting Organization. As used in this Agreement, a "Conflicting Organization" means any person or organization other than the Company which is engaged in or is about to become engaged in the design, research, development, production, marketing, distribution, leasing, licensing, selling, or servicing of a Conflicting Product.
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Conflicting Organization. For purposes of paragraph 6.1(a), the term "Conflicting Organization" shall mean (i) any of Ameritech Services, Inc., Bell ▇▇▇antic NSI Holdings, Inc., BellSouth Telecommunications, Inc., Pacific Bell, ▇▇uthwestern Bell ▇▇▇ephone Company, Telesector Resources Group, Inc., U. S. West Communications, Inc., or any of their respective parent companies, subsidiaries or affiliates, or (ii) any person or organization which (A) is engaged in or about to become engaged in conducting research, development of products or services or offering or marketing products or services which compete or are intended to compete with the research, products or services of Bellcore or SAIC, or (B) if Officer rendered
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Conflicting Organization. As used in this Agreement, a "Conflicting Organization" means any person or organization other than FirePond which is engaged in or is about to become engaged in the design, research, development, production, marketing, distribution, leasing, licensing, selling, or servicing of a Conflicting Product, including without limitation and by way of example only, the persons or organizations listed on Schedule Conflicting Organizations, attached hereto. To the extent an organization is listed which has multiple divisions or business units, e.g., Oracle, Conflicting Organization shall not include such non Sales Force Automation/technology enabled customer relationship divisions or business units, provided no assistance is offered or rendered by a party to any part of such organization relating to Sales Force Automation/technology enabled customer relationship products or services, e.g. by way of example, EP Group may provide services to Oracle in non Sales Force Automation applications. Directly compete means licensing or selling software and services within the Sales Force Automation and technology enabled customer relationship spaces as such terms are commonly known in the software industry. SOFT OS and the EP Group understand that the restrictions set forth in this Section 8 are intended to protect FirePond's legitimate interest in its Confidential Information, business interests, and customer relationships and goodwill, and agree that such restrictions are necessary, reasonable and appropriate for this purpose. To the extent EP Group utilizes further subcontractor Resources, such persons shall execute the attached Agreement Regarding Inventions, Confidentiality and Non-competition. Solely with respect to the EP Group, during the Term of this Agreement up to termination of this Agreement and for one (1) year thereafter, (the "Non-competition Periods"), EP and/or EPAM shall not, directly or indirectly, whether as owner, partner, shareholder, director, officer, consultant, agent, employee, co-venturer or otherwise: (a) participate in, invest in, organize or assist in organizing, work for or contract with, any Conflicting Organization; or (b) sell or assist in the design, development, manufacture, licensing, sale or support of any Conflicting Product, or (c) solicit FirePond customers, disparage FirePond, or hire or solicit to hire any FirePond contractors (including Resources who have been engaged by or have worked on any FirePond developments, EXHIBIT 10.7 -----...
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Related to Conflicting Organization

  • Table C - Receiving Organisation Enterprise The Receiving Organisation/Enterprise will provide financial support to the trainee for the traineeship: Yes ☐ No ☐ If yes, amount (EUR/month): ……….. The Receiving Organisation/Enterprise will provide a contribution in kind to the trainee for the traineeship: Yes ☐ No ☐ If yes, please specify: …. The Receiving Organisation/Enterprise will provide an accident insurance to the trainee (if not provided by the Sending Institution): Yes ☐ No ☐ The accident insurance covers: - accidents during travels made for work purposes: Yes ☐ No ☐ - accidents on the way to work and back from work: Yes ☐ No ☐ The Receiving Organisation/Enterprise will provide a liability insurance to the trainee (if not provided by the Sending Institution): Yes ☐ No ☐ The Receiving Organisation/Enterprise will provide appropriate support and equipment to the trainee. Upon completion of the traineeship, the Organisation/Enterprise undertakes to issue a Traineeship Certificate within 5 weeks after the end of the traineeship. By signing this document, the trainee, the Sending Institution and the Receiving Organisation/Enterprise confirm that they approve the Learning Agreement and that they will comply with all the arrangements agreed by all parties. The trainee and Receiving Organisation/Enterprise will communicate to the Sending Institution any problem or changes regarding the traineeship period. The Sending Institution and the trainee should also commit to what is set out in the Erasmus+ grant agreement. The institution undertakes to respect all the principles of the Erasmus Charter for Higher Education relating to traineeships. Trainee Trainee Responsible person12 at the Sending Institution Supervisor13 at the Receiving Organisation During the Mobility Table A2 - Exceptional Changes to the Traineeship Programme at the Receiving Organisation/Enterprise (to be approved by e-mail or signature by the student, the responsible person in the Sending Institution and the responsible person in the Receiving Organisation/Enterprise) Planned period of the mobility: from [month/year] ……………. till [month/year] ……………. Knowledge, skills and competences to be acquired by the end of the traineeship (expected Learning Outcomes): Address of the Receiving Organisation/Enterprise [street, city, country, phone, e-mail address], website:

  • Professional Organizations During the Term, Executive shall be reimbursed by the Company for the annual dues payable for membership in professional societies associated with subject matter related to the Company's interests. New memberships for which reimbursement will be sought shall be approved by the Company in advance.

  • Entity If the Subscriber is a corporation, company, trust, employee benefit plan, individual retirement account, ▇▇▇▇▇ Plan, or other tax-exempt entity, it is authorized and qualified to become an investor in the Company and the person signing this Agreement on behalf of such entity has been duly authorized by such entity to do so.

  • Competing Business “Competing Business” means any depository, wealth management or trust business company or holding company thereof (including without limitation, any start-up bank or bank in formation) operating anywhere within the Covered Area.

  • Company Organization The Company has been duly formed or organized and is validly existing under the Laws of its jurisdiction of incorporation or organization, and has the requisite company or corporate power, as applicable, and authority to own, lease or operate all of its properties and assets and to conduct its business as it is now being conducted. The Governing Documents of the Company, as amended to the date of this Agreement and as previously made available by or on behalf of the Company to Acquiror, are true, correct and complete. The Company is duly licensed or qualified and in good standing as a foreign or extra-provincial corporation (or other entity, if applicable) in each jurisdiction in which its ownership of property or the character of its activities is such as to require it to be so licensed or qualified or in good standing, as applicable, except where the failure to be so licensed or qualified or in good standing would not be material to the business of the Company and its Subsidiaries, taken as a whole.