5.4 I understand that I shall not without the prior written consent of the company, hold a majority position in, maintain
ownership of not more than 1% of publicly traded securities or of a privately held enterprise, be a board member of,
or trade in any instruments, in another company that may be in whole or part in competition with the Company,
without written consent or acknowledgement from the company. Permission may be granted at the discretion of
the company, with a written request, for legitimate investment purposes which do not pose a conflict of interest.
6. Non-Competition
6.1 I agree that I shall not for a period of six (6) months after the termination of my employment hereunder (“NonCompetition Period”), unless with the prior consent in writing to the Company, understanding that such consent is to
be withheld only as is reasonably necessary to protect the legitimate interests of the Company, be directly or indirectly
engaged, associated, concerned, or interested whether as Director, Principal, Agent, Partner, Consultant, Employee in
any business carried on by myself, persons or businesses which are wholly or partly in competition with the Company
as listed in Part A of Schedule [1] attached.
6.2 I agree and acknowledge that the provision in Section 6.1 shall be confined to the territories listed in Part B of Schedule
[1] (“Territories”) and relate to those persons or business wholly or in part are in competition with the Company as
named in Part A of Schedule [1] (“Competitors”).
6.3 The Company reserves the right to vary from time to time the persons, Competitors and/or the Territories named in
the said Schedule 1, such variation to be effective when notified in writing.
6.4 The provisions of Clause 6.1 above shall not restrain me from engaging in or accepting employment with any business
concern where the my duties or work shall relate to services of a kind or nature with which I was not concerned to a
material extent, more than 25% of my time at work, for a period of six (6) months prior to the termination of my
employment hereunder provided that, if the relevant business concern is in the Territory and that of a Competitor, the
prior consent in writing of the Company has been obtained. The Company may consent once it is satisfied that the
provisions of this clause as to the services to be provided are in compliance with this agreement
6.5 In the event I seek the Company’s consent to be released from any of the restrictions contained in Clause 6.1 or 6.2, I
agree to make a request in writing to the Company marked for the attention of the Managing Director, Group VP and
the Director of Human Resources giving detailed particulars to the satisfaction of the Company of all relevant
information relating to the proposed engagement or employment, including but not limited to, the capacity in which I
will be engaged or employed, the scope of the work and the name and nature of business by which I will be engaged or
employed. Upon receipt of such a request in writing, the Company shall not later than three (3) weeks from the date of
the request give their reply in writing to the by letter sent to my last known address.
6.6 Any request pursuant to Clause 6.5 above shall be in the form set out in Part D of Schedule [1]. No consent in writing
shall be validly given by the Company unless it is in writing and based on a request from me in the form set out in Part
D of the Schedule [1].
6.7 I understand and acknowledge that if I am directly or indirectly engaged, concerned, or interested whether as Director,
Principal, Agent, Partner, Consultant, Employee or otherwise in any business of whatever kind in a Territory carried on
by a Competitor, without having first obtained the consent in writing of the Company, I shall be deemed to be or
intending to be employed in breach of the covenant Clause 6.1 above. I acknowledge that the covenants set forth in
this clause are reasonable and that substantial damage will be caused to the Company in any violation of these clauses.
In the event of a violation, I shall be liable to indemnify the Company for any costs including legal costs or expenses
incurred by the Company in enforcing Clause 6.1 or Clause 6.2 above, up to the date on which I cease to be in breach
of clause 6.1, or I obtain the consent of the Company pursuant to Clause 6.2 above.
6.8 It is hereby further agreed that the Non-Competition Period will be extended by the amount of time of any violation
of this Section 6
5.4 I understand that I shall not without the prior written consent of the company, hold a majority position in, maintain
ownership of not more than 1% of publicly traded securities or of a privately held enterprise, be a board member of,
or trade in any instruments, in another company that may be in whole or part in competition with the Company,
without written consent or acknowledgement from the company. Permission may be granted at the discretion of
the company, with a written request, for legitimate investment purposes which do not pose a conflict of interest.
6. Non-Competition
6.1 I agree that I shall not for a period of six (6) months after the termination of my employment hereunder (“NonCompetition Period”), unless with the prior consent in writing to the Company, understanding that such consent is to
be withheld only as is reasonably necessary to protect the legitimate interests of the Company, be directly or indirectly
engaged, associated, concerned, or interested whether as Director, Principal, Agent, Partner, Consultant, Employee in
any business carried on by myself, persons or businesses which are wholly or partly in competition with the Company
as listed in Part A of Schedule [1] attached.
6.2 I agree and acknowledge that the provision in Section 6.1 shall be confined to the territories listed in Part B of Schedule
[1] (“Territories”) and relate to those persons or business wholly or in part are in competition with the Company as
named in Part A of Schedule [1] (“Competitors”).
6.3 The Company reserves the right to vary from time to time the persons, Competitors and/or the Territories named in
the said Schedule 1, such variation to be effective when notified in writing.
6.4 The provisions of Clause 6.1 above shall not restrain me from engaging in or accepting employment with any business
concern where the my duties or work shall relate to services of a kind or nature with which I was not concerned to a
material extent, more than 25% of my time at work, for a period of six (6) months prior to the termination of my
employment hereunder provided that, if the relevant business concern is in the Territory and that of a Competitor, the
prior consent in writing of the Company has been obtained. The Company may consent once it is satisfied that the
provisions of this clause as to the services to be provided are in compliance with this agreement
6.5 In the event I seek the Company’s consent to be released from any of the restrictions contained in Clause 6.1 or 6.2, I
agree to make a request in writing to the Company marked for the attention of the Managing Director, Group VP and
the Director of Human Resources giving detailed particulars to the satisfaction of the Company of all relevant
information relating to the proposed engagement or employment, including but not limited to, the capacity in which I
will be engaged or employed, the scope of the work and the name and nature of business by which I will be engaged or
employed. Upon receipt of such a request in writing, the Company shall not later than three (3) weeks from the date of
the request give their reply in writing to the by letter sent to my last known address.
6.6 Any request pursuant to Clause 6.5 above shall be in the form set out in Part D of Schedule [1]. No consent in writing
shall be validly given by the Company unless it is in writing and based on a request from me in the form set out in Part
D of the Schedule [1].
6.7 I understand and acknowledge that if I am directly or indirectly engaged, concerned, or interested whether as Director,
Principal, Agent, Partner, Consultant, Employee or otherwise in any business of whatever kind in a Territory carried on
by a Competitor, without having first obtained the consent in writing of the Company, I shall be deemed to be or
intending to be employed in breach of the covenant Clause 6.1 above. I acknowledge that the covenants set forth in
this clause are reasonable and that substantial damage will be caused to the Company in any violation of these clauses.
In the event of a violation, I shall be liable to indemnify the Company for any costs including legal costs or expenses
incurred by the Company in enforcing Clause 6.1 or Clause 6.2 above, up to the date on which I cease to be in breach
of clause 6.1, or I obtain the consent of the Company pursuant to Clause 6.2 above.
6.8 It is hereby further agreed that the Non-Competition Period will be extended by the amount of time of any violation
of this Section 6
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