Restraint of Competition Clause Samples

Restraint of Competition. During the Term of this Agreement and for a period of two years after the termination of Consultant's engagement under this Agreement, Consultant shall not, directly or indirectly: engage in competition with Immucor, Inc., Immucor GmbH or any related company; participate directly or indirectly in a competitor; or support the activities of a competitor. This section shall be interpreted broadly to cover every business relation between Consultant and a competitor falling within the normal business scope of Immucor, Inc., Immucor GmbH and related companies, whether or not the relation results in the strengthening of the competitive position of a competitor. These restrictions include a prohibition on soliciting any customers of Immucor, Inc., Immucor GmbH or any related company, except as necessary to provide consulting services under this Agreement. In case of any material violation of the obligations of this section, Consultant shall pay a fine of DM 50.000 to Immucor, Inc. Immucor, Inc. retains the right, in addition, to recover any damages.

Restraint of Competition. The MP Agent shall not sell or in any way assist anyone else to sell, any products that complete with the Mellow Parenting Training within the UK for the duration of the Selling Rights and for the calendar year following termination of the Selling Rights.

Restraint of Competition. 1. The Agent shall not sell or in any way assist anyone else to sell any products that compete with the Product(s) of the Principal within [describe territory] for the duration of the Selling Rights and for the calendar year immediately following termination of the Selling Rights.

Restraint of Competition. 13.1 If: – the employment agreement is terminated on the Executive’s initiative, or – the employment agreement is terminated on the initiative of the Company, and this initiative is taken in a situation in which the Executive is liable to pay damages (“schadeplichtig”), the Executive undertakes for a period of six months following the effective date of termination of the employment agreement, not to be employed or involved in any way, directly or indirectly, either for his own account or for the account of others, in or by any company which carries on activities in a field that is similar to, or in any other way in competing with the activities of the AEGON concern, nor to act as an intermediary thereby in any way, either directly or indirectly. This restraint of competition applies worldwide for the period indicated. Following a written request with regard to a specific activity or involvement, the Company can grant the Executive exemption. Such exemption is valid between the parties only if it has been granted in writing in a registered letter sent to the Executive, signed by a member of the Executive Board of AEGON N.V. on behalf of the Company. 13.2 Irrespective of the reason for termination or who took the initiative, the Executive agrees that for a period of twelve months after the termination of this agreement, he shall not solicit or cause or assist another person, firm, corporation or other entity, to solicit, any employee of the Company or any of its affiliated companies to terminate his or her employment with the Company or any of its affiliated companies.

Restraint of Competition. The Affiliate shall not sell, or in any way assist anyone else to sell, any products that compete with the Product(s) of the Principal within the territory described in Schedule B for the duration of the Selling Rights and for the calendar year immediately following termination of the Selling Rights.

Restraint of Competition. 10.1 In the event of termination of the employment agreement, ▇▇. ▇▇▇▇▇▇▇ undertakes for a period of one year following the effective date of termination of the employment not to employ, solicit or endeavour to entice away from AEGON N.V., or from any other company of the AEGON group of companies any person who is or was a key employee of AEGON N.V., or any other company of the AEGON group of companies at any given time during the year immediately preceding the date of such termination. A key employee in the meaning of this clause can be defined as any employee with a position at the level of Senior Vice President or higher.

Restraint of Competition. The Chief Executive Officer is prohibited for the duration of this Agreement from working, for his own account or that of another, and on an employee or independent contractor basis, for an enterprise that is similar to the Company or that is or could become a competitor of it. Likewise, for the duration of this Agreement the Chief Executive Officer is not permitted to found or acquire such an enterprise, to acquire a direct or indirect interest therein, or to provide support for such an enterprise. Ownership of shares in a listed company that amounts to less than 5% of all shares and does not entitle him to exercise influence over the bodies of the respective company shall not be deemed an interest within the meaning of the preceding provision.

Restraint of Competition. The Employee shall not, during the term of his employment and for a 12 months period after the end of the employment, perform any activity competing with the Employer in specific subject areas in which the Employee was active or to which he had access during his work for Celgene. In particular, the Employee agrees: • not to have, directly or indirectly, any financial or other interest in a business or company which develops, produces, markets or distributes products substantially similar to the products of the Employer or its affiliated companies or to render services similar to those rendered by the Employer or its affiliated companies (a “Competitor”); • not to accept any part or full time employment in such a Competitor or to act as consultant, agent or representative of or in any other capacity for such a Competitor; • not to directly or indirectly establish such a Competitor.

Restraint of Competition. (1) During the term of this agreement, the promotion agency itself or in the guise of a third party shall not act in the same or in a similar capacity for any third party that is directly competing with Sangui or any of its subsidiaries, neither for the own account of the promotion agency nor for the account of any third party, neither directly nor indirectly. (2) The promotion agency shall neither directly nor indirectly participate or take a financial interest in any competitor company of Sangui. (3) This restraint of competition is deemed to have been settled by the remuneration agreed in Article 3 above.