Loyalty Noncompetition Nonsolicitation Contract Clauses (17)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Loyalty Noncompetition Nonsolicitation clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Loyalty Noncompetition Nonsolicitation. 2.1 Loyalty. During Executive's employment with the Company, Executive shall devote Executive's full business energies, interest, abilities and productive time to the proper and efficient performance of Executive's duties under this Agreement. 2.2 Agreement not to Participate in Company's Competitors. During Executive's employment with the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by Executive to be adve...rse or antagonistic to the Company, its business, or prospects, financial or otherwise, or in any company, person, or entity that is, directly or indirectly, in competition with the business of the Company or any of its Affiliates (as defined below). Ownership by Executive, in professionally managed funds over which the Executive does not have control or discretion in investment decisions, or as a passive investment, of less than two percent (2%) of the outstanding shares of capital stock of any corporation with one or more classes of its capital stock listed on a national securities exchange or publicly traded on a national securities exchange or in the over-the-counter market shall not constitute a breach of this Section. For purposes of this Agreement, "Affiliate," means, with respect to any specific entity, any other entity that, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified entity. 2.3 Covenant not to Compete. During Executive's employment with the Company, the Executive shall not engage in competition with the Company and/or any of its Affiliates, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, affiliate, promoter, partner, officer, director, employee, stockholder, owner, co-owner, consultant, or member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products or services that are in the same field of use or which otherwise compete with the products or services of the Company, except with the prior written consent of the Company. View More Arrow
Found in BioNano Genomics, Inc contract
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Loyalty Noncompetition Nonsolicitation. 2.1 Loyalty. During Executive's GC's employment with the Company, Executive GC shall devote Executive's GC's full business energies, interest, abilities and productive time to the proper and efficient performance of Executive's GC's duties under this Agreement. 2.2 Agreement not to Participate in Company's Competitors. During Executive's GC's employment with the Company, Executive GC agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest kno...wn by Executive GC to be adverse or antagonistic to the Company, its business, or prospects, financial or otherwise, or in any company, person, or entity that is, directly or indirectly, in competition with the business of the Company or any of its Affiliates (as defined below). Ownership by Executive, GC, in professionally managed funds over which the Executive GC does not have control or discretion in investment decisions, or as a passive investment, of less than two percent (2%) of the outstanding shares of capital stock of any corporation with one or more classes of its capital stock listed on a national securities exchange or publicly traded on a national securities exchange or in the over-the-counter market shall not constitute a breach of this Section. For purposes of this Agreement, "Affiliate," means, with respect to any specific entity, any other entity that, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified entity. 2.3 Covenant not to Compete. During Executive's GC's employment with the Company, the Executive GC shall not engage in competition with the Company and/or any of its Affiliates, either directly or indirectly, Affiliates in any manner or capacity, as adviser, principal, agent, affiliate, promoter, partner, officer, director, employee, stockholder, owner, co-owner, consultant, or member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products or services that are in the same field of use or which otherwise directly compete with the products or services of the Company, except with the prior written consent of the CEO. GC shall be entitled to request written consent of the CEO with respect to potential advisory and/or director opportunities presented to GC by a third party, which GC believes in good faith will not interfere or compete with the on-going business of the Company. View More Arrow
Found in ANAPTYSBIO INC contract
Loyalty Noncompetition Nonsolicitation. 2.1 Loyalty. During Executive's employment with the Company, Executive shall devote Executive's full business energies, interest, abilities and productive time to the proper and efficient performance of Executive's duties under this Agreement; provided, however, that Executive shall be entitled to continue his service as a board member of Arzeda and shall be entitled to serve on the board of directors of such other companies as may be approved in advance by the Board, in each case so long as Exe...cutive remains in compliance with Section 2.2 and such service does not interfere with Executive's duties under this Agreement. 2.2 Agreement not to Participate in Company's Competitors. During Executive's employment with the Company, Executive agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by Executive to be adverse or antagonistic to the Company, its business, or prospects, financial or otherwise, or in any company, person, or entity that is, directly or indirectly, in competition with the business of the Company or any of its Affiliates (as defined below). Ownership by Executive, in professionally managed funds over which the Executive does not have control or discretion in investment decisions, or as a passive investment, of less than two percent (2%) of the outstanding shares of capital stock of any corporation with one or more classes of its capital stock listed on a national securities exchange or publicly traded on a national securities exchange or in the over-the-counter market shall not constitute a breach of this Section. For purposes of this Agreement, "Affiliate," means, with respect to any specific entity, any other entity that, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified entity. 2.3 Covenant not to Compete. During Executive's employment with the Company, and during any post-termination period in which the Executive is receiving severance benefits from the Company, the Executive shall not engage in competition with the Company and/or any of its Affiliates, either directly or indirectly, in any manner or capacity, as adviser, principal, agent, affiliate, promoter, partner, officer, director, employee, stockholder, owner, co-owner, consultant, or member of any association or otherwise, in any phase of the business of developing, manufacturing and marketing of products or services that are in the same field of use or which otherwise compete with the products or services of the Company, except with the prior written consent of the Company. Board. View More Arrow
Found in AMBIT BIOSCIENCES CORP contract
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