Competitive Activities

Example Definitions of "Competitive Activities"
Competitive Activities. Shall mean (i) the Grantee's direct or indirect participation (for his own account or jointly with others) in the management of, or as an employee, board member, partner, manager, member, joint venturer, representative or other agent of, or advisor or consultant to, any Competitive Operation; or (ii) the Grantee's investment in, or ownership of, in any Competitive Operation; provided that the Grantee may, as principal for his own account, engage in a Competitive Operation that is not funded, in... part or in whole, with third-party institutional equity; and further provided that the Grantee may invest in, or own of, up to five percent (5%) of the capital stock of any business entity whose securities are traded on any national securities exchange or registered pursuant to Section 12(g) of the Exchange Act. View More
Competitive Activities. Any participation in, employment by, ownership of any equity interest exceeding 1% in, or promotion or organization of, any Person (other than PNC or any of its subsidiaries) engaged in financial services activities, including but not limited to a bank, bank affiliate, broker, dealer, or hedge fund, whether Grantee is acting as agent, consultant, independent contractor, employee, officer, director, investor, partner, shareholder, proprietor or in any other individual or representative capacity... therein. For purposes of this definition, a subsidiary shall not include companies in which PNC holds an interest pursuant to its merchant banking authority. View More
Competitive Activities. Means managing, consulting for, being employed by, operating or having any ownership interest (including any voting interest) or financial interest in, or any governance or advisory role or any other similar relationship, whether as a sole proprietor, partner, owner, investor, shareholder, principal, agent, officer, director, employee, consultant, technical advisor, lender, trustee, beneficiary, consultant or otherwise, with respect to, any business that provides goods or services similar to,... or comparable to, the goods and services provided by the Current Company Business. View More
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