Common use of Covenant Not to Compete Clause in Contracts

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's business and the goodwill, continued patronage, and specifically the names and addresses of the Company's Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 35 contracts

Samples: Executive Employment Agreement (Onstream Media CORP), Executive Employment Agreement (Onstream Media CORP), Executive Employment Agreement (Jupiter Wellness, Inc.)

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Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's ’s business and the goodwill, continued patronage, and specifically the names and addresses of the Company's ’s Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's ’s employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c)paragraph 6 supra, then the Executive agrees to the following:

Appears in 7 contracts

Samples: Executive Employment Agreement (SRM Entertainment, Inc.), Executive Employment Agreement (SRM Entertainment, Inc.), Executive Employment Agreement (SRM Entertainment, Inc.)

Covenant Not to Compete. The Except as set forth in Section 6d(2) of this Agreement, the Executive acknowledges and recognizes the highly competitive nature of the Company's business and the goodwill, continued patronage, and specifically the names and addresses of the Company's Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 5 contracts

Samples: Executive Employment Agreement (International Cosmetics Marketing Co), Executive Employment Agreement (Petmed Express Inc), Executive Employment Agreement (Petmed Express Inc)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's ’s business and the goodwill, continued patronage, and specifically the names and addresses of the Company's ’s Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's ’s employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 5 contracts

Samples: Executive Employment Agreement (IFLI Acquisition Corp.), Executive Employment Agreement (IFLI Acquisition Corp.), Executive Employment Agreement (MJ Holdings, Inc.)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's business and the goodwill, goodwill continued patronage, and specifically the names and addresses of the Company's Clients Customers (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 3 contracts

Samples: Executive Employment Agreement (Site2shop Com Inc), Executive Employment Agreement (Site2shop Com Inc), Executive Employment Agreement (Site2shop Com Inc)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's business and the goodwill, continued patronage, and specifically the names and addresses of the Company's Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c)any reason, then the Executive agrees to the following:; provided, however, that Executive receives the full amount of any severance to which Executive is entitled pursuant to and in accordance with Section 6(d):

Appears in 2 contracts

Samples: Executive Employment Agreement (Vocodia Holdings Corp), Executive Employment Agreement (Vocodia Holdings Corp)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's ’s business and the goodwill, continued patronage, and specifically the names and addresses of the Company's ’s Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's ’s employment is terminated by reason of disability Disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 2 contracts

Samples: Executive Employment Agreement (Segmentz Inc), Executive Employment Agreement (Segmentz Inc)

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Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's ’s business and the goodwill, continued patronage, and specifically the names and addresses of the Company's ’s Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money money, and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's ’s employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 2 contracts

Samples: Employment Agreement (Jupiter Wellness, Inc.), Employment Agreement (Jupiter Wellness, Inc.)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's business Business and the goodwill, continued patronage, and specifically the names and addresses of the Company's Clients (as hereinafter defined) constitute a substantial asset of the Company Company, having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's employment is terminated by reason of disability pursuant to under Section 6(b) or for Cause pursuant to ), Section 6(c), Section 6(e), or Section 14, then the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Brick Top Productions, Inc.)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Company's business Business and the goodwill, continued patronage, and specifically the names and addresses of the Company's Clients (as hereinafter defined) constitute a substantial asset of the Company Company, having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (General Employment Enterprises Inc)

Covenant Not to Compete. The Except as set forth in Section 6(d)(2) of this Agreement, the Executive acknowledges and recognizes the highly competitive nature of the Company's ’s business and the goodwill, continued patronage, and specifically the names and addresses of the Company's ’s Clients (as hereinafter defined) constitute a substantial asset of the Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, in the event the Executive's employment is terminated by reason of disability pursuant to Section 6(b) or for Cause pursuant to Section 6(c), then the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Gulfstream International Group Inc)

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