Specific Covenants and Agreements Sample Clauses
The "Specific Covenants and Agreements" clause sets out particular promises and obligations that parties must fulfill under a contract. These covenants may include requirements such as maintaining certain business practices, providing regular financial reports, or refraining from specific actions like taking on new debt without consent. By clearly outlining these tailored commitments, the clause ensures that both parties understand their ongoing responsibilities, thereby reducing the risk of misunderstandings and helping to enforce compliance throughout the contractual relationship.
Specific Covenants and Agreements. A. For purposes of this Agreement, the following terms and provisions shall have the following meanings:
Specific Covenants and Agreements. (a) Covenant Not to Compete. Physician covenants and agrees that ----------------------- during his or her employment hereunder and for a period of two (2) years commencing on the date of cessation of Physician's employment with the Corporation, Physician shall not, on his or her own behalf or on behalf of any person, firm, partnership, association, corporation, or business organization, entity, or enterprise, either directly or indirectly, conduct a practice of medicine consisting of or including the practice of gastroenterology/nephrology medicine within a five (5) mile radius (the "Non-Compete Radius") of the medical offices of the Corporation at which Physician performs a substantial portion of the services Physician provides on the Corporation's behalf (the "Medical Offices") identified on EXHIBIT E attached hereto and incorporated herein by this reference. Physician acknowledges and agrees that this covenant is intended to protect the investment that the Corporation has made and will make in the practice of Physician, and that the restrictions contained herein are reasonable in duration and geographic scope.