Other Duties of Executive During and After Term. The Employee also agrees not to act on behalf of any Competitor to interfere with the relationship between the Company or its affiliates and their employees. For purposes of the preceding paragraph, (i) the term "proprietary interest" means legal or equitable ownership, whether through stockholding or otherwise, of an equity interest in a business, firm or entity other than ownership of less than 5 percent of any class of equity interest in a publicly held business, firm or entity and (ii) an entity shall be considered to be "engaged in competition" if such entity is, or is a holding company for, an entity engaged in the business of developing, marketing, licensing and/or selling technology and/or products capable of screening and blocking outbound calls against state, in-house and third-party "do not call" lists.
Appears in 2 contracts
Sources: Employment Agreement (Compliance Systems Corp), Employment Agreement (Compliance Systems Corp)