Limitations on Competition. The Participant and the Company recognize and agree that the Participant's position with the Company and his/her duties are related to the Company's Project Grow. Subject to subsection (g), the Participant will not, without the Company's written consent, (i) directly or indirectly, be a shareholder, principal, agent, partner, officer, director, employee or consultant of any direct competitor, or of any subsidiary, affiliate or successor of any direct competitor, of (x) the type of business contemplated by, or developed in connection with, Project Grow, or (y) any of the limited assortment stores owned by the Company, its Subsidiaries or Affiliated Entities or affiliates or targeted to be acquired, or developed, by the Company, its Subsidiaries or Affiliated Entities or affiliates or (ii) be employed by any entity to develop the type of business contemplated by Project Grow (collectively, the "Competitors").
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)
Limitations on Competition. The Participant and the Company recognize and agree that the in addition to Participant's position general duties with the Company and his/her Company, the Participant has significant duties are related to the Company's Project Grow. Subject to subsection (g), the Participant will not, without the Company's written consent, (i) directly or indirectly, be in association with or as a shareholder, principal, agent, partner, officer, director, employee or consultant of any direct competitor, or of any subsidiary, affiliate or successor of any direct competitor, of (x) the Company, any Subsidiary or of the type of business contemplated by, or developed in connection with, Project Grow, or (y) any of the limited assortment stores owned by the Company, Company or any of its Subsidiaries or Affiliated Entities or affiliates or targeted to be acquired, or developed, by the Company, Company or any of its Subsidiaries or Affiliated Entities or affiliates or (ii) be employed by any entity to develop the type of business contemplated by Project Grow (collectively, the "Competitors").
Appears in 1 contract
Sources: Restricted Stock Award Agreement (Fleming Companies Inc /Ok/)