Common use of Limitations on Competition Clause in Contracts

Limitations on Competition. Subject to sub- section (g), the Participant will not, without the Company's written consent, directly or indirectly, in association with or as a share- holder, principal, agent, partner, officer, director, employee or consultant of any other retail chain or any subsidiary or affiliate of any such retail chain, engage in the business of the retail sale of food and related products within the Standard Metropolitan Statistical Areas (the "SMSA's") in which the Participant is, and/or on his/her date of termination/separation was, employed by the Company or one of its Subsidiaries, or in which the Company or any of its Subsidiaries during his/her employment is, and/or on his/her date of termination/ separation was, actively soliciting business.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

Limitations on Competition. Subject to sub- section subsection (g), the Participant will not, without the Company's written consentcon- sent, directly or indirectly, in association with or as a share- holder, principal, agent, partner, officer, director, employee or consultant of any other retail chain or any subsidiary or affiliate of any such retail chain, engage in the business of the retail sale of food and related products within the Standard Metropolitan Statistical Areas (the "SMSA's") in which the Participant is, and/or on his/her date of termination/separation was, employed by the Company Company, its Subsidiaries or one of its SubsidiariesAffiliated Entities, or in which the Company or any of Company, its Subsidiaries or Affiliated Entities during his/her employment is, and/or on his/her date of termination/ separation was, actively soliciting business.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)