Common use of Limitations on Competition Clause in Contracts

Limitations on Competition. Subject to subsection (g), the Participant will not, without the Company's written consent, as a businessperson, directly or indirectly, be a shareholder, principal, agent, partner, officer, director, employee or consultant of SUPERVALU, Inc., Nash Finch Company, Richfood Holdings, Inc. or any other d▇▇▇▇t ▇▇▇▇etitor of the Company, excluding national retail chains, or of any subsidiary, affiliate or successor of any direct competitor of the Company (collectively, the "Competitors"); provided, however, that nothing in this subsection (a) is intended to preclude the Participant from being employed or otherwise acting in the capacity of a lawyer on behalf of any of the Competitors unless such employment or activity would result in a breach of her conflict of interest and/or confidentiality obligations as an attorney or former attorney and an officer or former officer of the Company or any of its Subsidiaries or based on the confidentiality requirements contained in subsection (b).

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Fleming Companies Inc /Ok/)

Limitations on Competition. Subject to subsection sub- section (g), the Participant will not, without the Company's written consent, as a businessperson, directly or indirectly, be a shareholdershare- holder, principal, agent, partner, officer, director, employee or consultant of SUPERVALU, Inc., Nash Finch Company, Richfood Holdings, Inc. or any other ot▇▇▇ d▇▇▇▇t ▇▇▇▇etitor ▇ competitor of the Company, excluding national retail chains, or of any subsidiary, affiliate or successor of any direct competitor of the Company (collectively, the "Competitors"); provided, however, that nothing in this subsection (a) is intended to preclude the Participant from being employed or otherwise acting in the capacity of a lawyer on behalf of any of the Competitors unless such employment or activity would result in a breach of her his conflict of interest and/or confidentiality obligations as an attorney or former attorney and an officer or former officer of the Company or any of its Subsidiaries or based on the confidentiality requirements contained in subsection (b).

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Fleming Companies Inc /Ok/)