Competition

Example Definitions of "Competition"
Competition. Is deemed to occur, unless otherwise defined in a participant's award grant agreement or in the participant's written employment arrangement with the Company or any of its Subsidiaries in effect on the Grant Date (as amended from time to time thereafter) if a person whose employment with the Company or its Subsidiaries has terminated obtains a position as a full-time or part-time employee of, as a member of the board of directors of, or as a consultant or advisor with or to, or acquires an... ownership interest in excess of 5% of, a corporation, partnership, firm or other entity that engages in any of the businesses of the Company or any Subsidiary with which the person was involved in a management role at any time during his or her last five years of employment with or other service for the Company or any Subsidiaries. The definition of Competition set forth in a participant's award grant agreement shall control only with respect to such award grant agreement (and no other agreement) if such definition is different from the definition of Competition set forth in this Plan or in the participant's written employment arrangement with the Company or any of its Subsidiaries in effect on the Grant Date (as amended from time to time thereafter) View More Arrow
Competition. The Participant, directly or indirectly, either individually or as a principal, partner, stockholder, manager, agent, consultant, contractor, distributor, employee, lender, investor, or as a director or officer of any corporation or association, or in any other manner or capacity whatsoever, becomes employed by, controls, manages, carries on, joins, lends money for, operates, engages in, establishes, takes steps to establish, performs services for, invests in, solicits investors for, consults... for, does business with or otherwise engages in any Competing Business (as defined in the Employment Agreement) within the Restricted Area (as defined in the Employment Agreement). Notwithstanding the foregoing, the Participant may own an aggregate of not more than 2% of the outstanding stock of any class of any corporation or other entity engaged in a Competing Business without constituting Competition; provided, however, that the Participant does not have the power, directly or indirectly, to control or direct the management or affairs of any such corporation or other entity and is not involved in the management of such corporation or other entity. Finally, nothing herein shall prevent the Participant from serving on any boards that he was serving on as of the date of the termination of his employment. View More Arrow
Competition. Engaging in any business activity similar to that in which you engaged during your last three years of employment with TI for any person or entity selling, marketing, designing or manufacturing products the same as, similar to, or that compete with products that TI sells or markets
Competition. The Ansari X PRIZE competition.
All Definitions