Prohibited Activities Clause Example from Business Contracts

Prohibited Activities. Notwithstanding any provision in this Agreement to the contrary, if the Employee, directly or indirectly, engages in any "Prohibited Activity" (as defined below) without the Corporation's prior written consent, then any portion of this Award, whether vested or unvested, that remains outstanding as of the date of such Prohibited Activity shall be immediately cancelled and forfeited. "Prohibited Activity" means any of the following activities engaged in, directly or indirectly, by the Employee dur...ing the time the Employee is employed by the Corporation or any of its Affiliates (collectively, "Clearwater Paper") or prior to the Expiration Date, in each case as determined by the Committee in its sole discretion: (a)The Employee engages in, whether as an owner, consultant, employee or otherwise, activities competitive with that of Clearwater Paper in any state, province or like geography where Clearwater Paper does business; (b)Other than on behalf of Clearwater Paper, the Employee solicits for employment, offers or causes to be offered employment, either on a full-time, part-time or consulting basis, to any person who is employed by Clearwater Paper and with whom the Employee had regular contact during the course of his or her employment by Clearwater Paper; or (c)The Employee breaches any of the Employee's obligations under any confidentiality or nondisclosure agreement with Clearwater Paper. View More