Noncompetition, Nonsolicitation and Confidentiality Covenants Sample Clauses

Noncompetition, Nonsolicitation and Confidentiality Covenants. (a) Officer acknowledges that he possesses proprietary and trade secret information concerning the Company. Officer further acknowledges the highly competitive nature of the Company's business. Officer further acknowledges that the restrictions contained in this Section 7 (collectively, the "Noncompetition Covenant") are reasonable and necessary for the protection of the immediate interests of the Company, that the Company would not have entered into this Agreement but for the inclusion herein of this Noncompetition Covenant, and that any violation of the Noncompetition Covenant would cause substantial injury to the Company. Officer further acknowledges that this Noncompetition Covenant is intended to protect the legitimate business interests of the Company and not to prevent or interfere with Officer's ability to conduct business.
Sample 1
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Noncompetition, Nonsolicitation and Confidentiality Covenants. (a) During the Restricted Period, the Seller shall not, and shall cause its Affiliates not to, engage, directly or indirectly, in the Restricted Business or, directly or indirectly, own an interest in, manage, operate or control any Person that engages in the Restricted Business; provided, however, that, for the purposes of this Section 9.3(a), ownership of securities having no more than five percent (5%) of the outstanding voting power of any Person which are listed on any national securities exchange or quotation system shall not be deemed to be a violation of this Section 9.3(a). Notwithstanding the provisions of this Section 9.3(a), nothing in this Agreement or in the other Transaction Documents shall preclude, prohibit or restrict (i) following any Change of Control, any Affiliate of the Seller (other than any Affiliate that was also an Affiliate of the Seller prior to such Change of Control) that was engaged in the Restricted Business at the time of the Change of Control from continuing to engage in the Restricted Business so long as such Restricted Business is not operated with any assets or from any facilities that were held or used, immediately prior to such Change of Control, by the Seller or any other Person that was an Affiliate of the Seller immediately prior to such Change of Control or (ii) the Seller or any of its Affiliates from acquiring, and following such acquisition, actively engaging in any business that has a bona fide Subsidiary, division, group, franchise or segment that was engaged in any Restricted Business (an “Acquired Restricted Business”); provided, that (A) if the revenues from such Acquired Restricted Business during the twelve (12) months preceding such acquisition are greater than twenty percent (20%) of the total revenues of such acquired business during such 12-month period, the Seller or its Affiliate shall dispose of such Acquired Restricted Business, or cease conducting such Acquired Restricted Business, as promptly as practicable, but in any event within six (6) months of the date that the Seller or such Affiliate acquired such Acquired Restricted Business, or if the Seller or such Affiliate entered into a binding agreement to dispose of such Acquired Restricted Business within such 6-month period, the later of (1) the expiration of such 6-month period or (2) four (4) months after the Seller or such Affiliate entered into a binding agreement to dispose of such Acquired Restricted Business or (B) if the revenues from...
Sample 1

Related to Noncompetition, Nonsolicitation and Confidentiality Covenants

  • Noncompetition and Confidentiality (a) The parties recognize that the employment of Executive with the Company has been and will continue to be special, unique and of an extraordinary character, and in connection with such employment Executive has and will continue to acquire special skill and training. The parties also recognize that the covenants of Executive contained in this Section 9 are an essential part of Executive’s engagement by the Company and that, but for the agreement of the Executive to comply with such covenants, the Company would not have entered into this Agreement. Executive accordingly agrees that, during the Term, (i) Executive shall not act or serve, directly or indirectly, as a principal, agent, independent contractor, consultant, director, officer, executive, employee or advisor or in any other position or capacity with or for, or acquire a direct or indirect ownership interest in or otherwise conduct (whether as stockholder, partner, investor, joint venturer, or as owner of any other type of interest), any Competing Business (defined below); provided, however, that this clause shall not prohibit the Executive from being the owner of (A) up to 5% of any class of outstanding securities of any entity if such class of securities is publicly traded or (B) any other securities owned by Executive on the date of this Agreement, and (ii) Executive shall not, in connection with or for the benefit of any person or entity engaged in the non-hazardous solid waste business, solicit, induce, divert or take away, any officer, employee or consultant of the Company.

  • Non Competition and Confidentiality The Executive agrees that:

  • Non Competition Non Solicitation and Confidentiality The Company and Executive acknowledge and agree that while Executive is employed pursuant to this Agreement, the Company will give Executive access to Confidential Information of the Company and its Affiliates to which Executive did not have access prior to signing this Agreement and which Executive may need and use during such employment, the receipt of which is hereby acknowledged by Executive; Executive will be provided under this Agreement (i) specialized training on how to perform his duties and (ii) contact with the Company’s and its Affiliates’ customers and potential customers. In consideration of all of the foregoing, the Company and Executive agree as follows:

  • Confidentiality and Noncompetition The Executive shall enter into the Confidentiality Agreement and Non-Compete Agreement. The Executive’s execution of those agreements is a material inducement for the Company to enter into this Agreement. Therefore, this Agreement will be null and void unless the Executive enters into the Confidentiality Agreement and the Non-Compete Agreement.

  • Confidentiality and Non-Competition To the Company’s knowledge, no director, officer, key employee or consultant of the Company is subject to any confidentiality, non-disclosure, non-competition agreement or non-solicitation agreement with any employer or prior employer that could reasonably be expected to materially affect his ability to be and act in his respective capacity of the Company or be expected to result in a Material Adverse Change.

  • Confidentiality; Non-Competition As a material inducement to cause the Company to enter into the Agreement, the Employee hereby covenants and agrees that:

  • Confidentiality and Non-Competitions To the Company’s knowledge, no director, officer, key employee or consultant of the Company is subject to any confidentiality, non-disclosure, non-competition agreement or non-solicitation agreement with any employer or prior employer that could reasonably be expected to materially affect his ability to be and act in his respective capacity of the Company or be expected to result in a Material Adverse Change.

  • Non Competition Confidentiality 4.1 During the term of this Agreement, the Executive may make passive investments in companies involved in industries in which the Company operates, provided any such investment does not exceed a 5% equity interest, unless Executive obtains consent to acquire an equity interest exceeding 5% by a vote of a majority of the directors.

  • Confidentiality, Non-Competition and Non-Solicitation Employee agrees, as a condition to Employee’s employment with the Company, to execute the Company’s standard form of Employee Non-Disclosure, Invention Release and Non-Competition Agreement attached hereto as Exhibit A.

  • Non-Competition; Non-Solicitation; Confidentiality (a) While the Recipient is employed by the Company and for a period of one (1) year after the termination or cessation of such employment for any reason (the “Restricted Period”), the Recipient will not directly or indirectly:

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