Competitive Activity

Competitive Activity. Means that Executive's participation, without the written consent of an officer of the Company, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company and such enterprise's revenues derived from any product or service competitive with any product or service of the Company amounted to 10% or more of such enterprise's revenues for its most recently completed fiscal year and if the Company's revenues for such product or... service amounted to 10% of the Company's revenues for its most recently completed fiscal year. "Competitive Activity" will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise. View More

Competitive Activity. Means, during the term of any Participant's employment with the Company or any of its Subsidiaries and during the one-year period immediately following such Participant's Employment Termination Date, directly or indirectly owning any interest in, managing, controlling, participating in, consulting with, rendering services for or in any manner engaging in any business anywhere in the world competing with the products or services of the Company or its Subsidiaries, as such products or services... exist or are in process as of such Participant's Termination Date; provided that the passive ownership of not more than 2% of the outstanding shares of any class of capital stock of a corporation which is publicly traded will not be deemed to be a Competitive Activity, so long as such Participant has no active participation in the business of such corporation. View More

Competitive Activity. Means, with respect to any Participant, any activity reasonably determined by the Committee to be competitive with the business of the Employer of the Participant. If a Participant is a party to an employment or other agreement with the Employer that contains restrictive covenants, "Competitive Activity" with respect to such Participant shall be limited to the material breach of such restrictive covenants by such Participant.

Competitive Activity. The Participant shall be deemed to have engaged in "Competitive Activity" if the Participant is engaged as an employee, service provider or otherwise in a Competitive Business at any time (regardless of whether such conduct constitutes a Restrictive Covenant Violation).

Competitive Activity. Shall have the meaning given to such term in paragraph 10

Competitive Activity. With respect to a Participant, during the term of such Participant's employment with the Company or any of its Subsidiaries and during the two year period immediately following such Participant's Termination Date, directly or indirectly, for himself or for any other Person, Participating in any Competitive Business or any business in which the Company is engaged or is planning to engage as of such Participant's Termination Date; provided that the passive ownership by such Participant of not... more than one percent (1%) of the outstanding shares of any class of capital stock of a corporation which is publicly traded on a national securities exchange will not be deemed to be a Competitive Activity, so long as such Participant has no active Participation in the business of such corporation View More

Competitive Activity. Any activity that competes with the business operations of the Company, as determined by the Committee in its sole discretion, and shall include representing or associating in any capacity (including, without limitation, as an officer, employee, partner, director, consultant, agent, advisor or security holder) with a company that competes with the Company or any of its Subsidiaries or Affiliates. Notwithstanding the foregoing, the Grantee's beneficial ownership of less than five percent (5%) of... the economic or voting interests of a publicly-held company shall not constitute a Competitive Activity View More

Competitive Activity. Soliciting residential mortgage loans for purchase or resale.

Competitive Activity. At any time during the Option Period, and regardless of whether the Optionee is still a director of the Corporation: (i) the Optionee directly or indirectly engages in any activity in competition with any activity the Corporation is then conducting or is then actively planning to conduct, including, but not limited to, by functioning as an owner, investor1, director, officer, manager, employee, volunteer, consultant, creditor or advisor or in any other any other capacity to an entity that is... then engaging in, or plans to engage in, such competitive activity; (ii) the Optionee directly or indirectly engages in the recruitment or employment of any then current employee of the Corporation to engage in any activity in competition with any activity the Corporation is then conducting or is then actively planning to conduct; or (iii) the Optionee directly or indirectly participates in a hostile takeover attempt with respect to the Corporation. View More

Competitive Activity. The term "Competitive Activity" shall mean (i) the Participant's engaging in an activity, directly or indirectly, whether as an employee, consultant, partner, principal, agent, distributor, representative, stockholder (except as a less than one percent stockholder of a publicly traded company or a less than five percent stockholder of a privately held company) or otherwise, within the United States, Bermuda, or the Cayman Islands, if such activities involve insurance or reinsurance of United... States based entities or risks that are competitive with the financial guaranty insurance business then being conducted by the Company or any affiliate and which, during the period covered by the Participant's employment, were conducted by the Company or any affiliate; or (ii) the Participant's engaging in any activity, directly or indirectly, whether on behalf of himself or herself or any other person or entity (x) to solicit any client and/or customer of the Company or any affiliate or (y) to hire any employee or former employee of the Company or any present or former affiliate of the Company or encourage any employee of the Company or affiliate to leave the employ of the Company or affiliate; or (iii) the Participant's violation of Section 7.3 of the Severance Plan (relating to confidentiality). View More