NCC Clause Samples
The NCC, or Non-Compete Clause, is a contractual provision that restricts one party, typically an employee or contractor, from engaging in business activities that compete with the employer or disclosing sensitive information to competitors for a specified period and within a defined geographic area after the relationship ends. This clause often outlines the types of activities considered competitive, the duration of the restriction, and the geographic scope, such as prohibiting work for direct competitors within a certain city or industry for one year post-employment. Its core practical function is to protect the legitimate business interests of the employer by preventing unfair competition and safeguarding confidential information.
NCC. The NCC is usually installed in the same building with other offices of the Operation Company. The NCC is composed of a number of computer systems with dedicated software, workstations Vision Plant Inc. Telematics Wireless Ltd. for operators, and communication systems that connect NCC with the Base Stations. The NCC is the heart of the system, and its availability is of the utmost importance. NCC's systems have a hot backup and all its infrastructures (electricity, communication lines, air-conditioning, etc.) are also backed-up. A general description of the NCC is provided in Appendix E of this Annex. The Operator Station's language will be both the English language and the Korean language. The back-office capabilities, including billing are not part of the proposed System in this Agreement and should be chosen by the Customer based on the local systems and regulations from local vendors. However, for the clarification purposes, all the technical supports for the interface of the capabilities shall be provided by the Supplier.
NCC. On the face of the Transaction Documents, and having regard at the objects of Vereniging AEGON as stated in article 2 of the Articles of Association, we have no reason to believe that entering into the Transaction Documents by Vereniging AEGON would be a violation of the objects clause as contained in the Articles of Association, and therefore be considered ultra vires.
NCC. To the extent required to execute and deliver a valid assignment of the Receivables, the assignment thereof will be established each time (any part of) the Receivables come into existence.