Define: Competitor
What does "Competitor" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.
Definition 1 (ESTEE LAUDER COMPANIES INC, seen in 1 filing)
Competitor means any business that is engaged in, or is preparing to become engaged in, the makeup, skin care, hair care, toiletries or fragrance business or other business in which the Company is engaged or preparing to become engaged, or that otherwise competes with, or is preparing to compete with, the Company.
Source: ESTEE LAUDER COMPANIES INC 10-K
Definition 2 (Duke Energy CORP, seen in 1 filing)
Competitor means any person or entity in competition with the Corporation or any Subsidiary, and more particularly those persons and entities (1) engaged in any business in which the Corporation and or its Subsidiaries is engaged at the time the Grantee's continuous employment with the Corporation and or its Subsidiaries ends, and (2) within the following geographical areas (A) any country (other than the United States) where the Corporation and or its Subsidiaries, has at least $25 million in capital deployed as of the termination of Grantee's employment (B) the states of Florida, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee, and (C) any other state in the United States where the Corporation, including its Subsidiaries, has at least $25 million in capital deployed as of the termination of Grantee's employment.
Source: Duke Energy CORP 10-K
Definition 3 (Tesla, Inc., seen in 1 filing)
Competitor means any Person that has as a majority of its business the manufacture of automobiles, or any Affiliate of that entity.
Source: Tesla, Inc. 10-K
Data extracted from 4 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.