Restrictive Covenant Agreement Sample Contracts

CVS Pharmacy, Inc. Restrictive Covenant Agreement (Colleagues Primarily Working or Living in Massachusetts)
Restrictive Covenant Agreement • May 4th, 2021 • CVS HEALTH Corp • Retail-drug stores and proprietary stores • Massachusetts

I, Alan Lotvin, enter into this Restrictive Covenant Agreement (“Agreement”) with CVS Pharmacy, Inc., on its own behalf and on behalf of its subsidiaries and affiliates (“CVS”), which is effective as of the date I sign the Agreement (“Effective Date”). In consideration of the mutual promises in this Agreement, the parties agree as follows:

Restrictive Covenant Agreement
Restrictive Covenant Agreement • May 1st, 2025 • CVS HEALTH Corp • Retail-drug stores and proprietary stores • Rhode Island

I, ___________Heidi B. Capozzi______________, enter into this Restrictive Covenant Agreement (“Agreement”) with CVS Pharmacy, Inc., on its own behalf and on behalf of its subsidiaries and affiliates (“CVS”), which is effective as of the date I sign the Agreement (“Effective Date”).

TERAWULF INC. RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • May 16th, 2022 • Terawulf Inc. • Services-computer processing & data preparation • Delaware

You hereby acknowledge and agree that TeraWulf Inc. (together, with its subsidiaries and affiliates, the “Company”) needs the covenants set forth in this Restrictive Covenant Agreement (this “Agreement”) based on the following: (a) in the course of your employment or service with the Company, you will be providing services to the Company and that you will be intimately involved in the planning for or direction of the business of the Company; (b) the Company is engaged in a highly competitive industry; (c) the Company provides services related to its business and products to clients located in various areas throughout the United States; (d) you have or will obtain selective or specialized skills, knowledge, abilities, or customer contacts or information by reason of working for the Company and providing services to the Company; (e) you could, after having access to the Company’s Confidential Information (as defined below) and/or Trade Secrets (as defined below) and after receiving furth

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • June 12th, 2023 • Chico's Fas, Inc. • Retail-women's clothing stores • Florida

this 12th day of June, 2023 (the “Effective Date”), by and between Chico’s FAS, Inc., a Florida corporation, having a principal place of business at 11215 Metro Parkway, Fort Myers, FL 33966 (the “Employer”), and David M. Oliver (the “Executive”). In consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree to the following:

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • August 28th, 2019 • Chico's Fas, Inc. • Retail-women's clothing stores • Florida

THIS RESTRICTIVE COVENANT AGREEMENT (this “Agreement”) is made and entered into this 1st day of August, 2019 (the “Effective Date”), by and between Chico’s FAS, Inc., a Florida corporation, having a principal place of business at 11215 Metro Parkway, Fort Myers, FL 33966 (the “Employer”), and Molly Langenstein (the “Executive”). In consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree to the following:

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • February 21st, 2025 • H&E Equipment Services, Inc. • Services-miscellaneous equipment rental & leasing

In consideration of the severance benefits (the “Severance Benefits”) to be provided to John M. Engquist (the “Executive”) by H&E Equipment Services, Inc., a Delaware corporation (the “Company”) pursuant to the Severance Agreement attached hereto as Exhibit A and for other valuable consideration the sufficiency of which is hereby acknowledged, intending to be legally bound, the Executive agrees to the terms and conditions set forth in this Restrictive Covenant Agreement (this “Agreement”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • September 11th, 2017 • Harland Clarke Holdings Corp • Blankbooks, looseleaf binders & bookbindg & relatd work • Delaware

This RESTRICTIVE COVENANT AGREEMENT (this “Agreement”) is entered into, on August 27, 2017 (the “Effective Date”), by and between MaxPoint Interactive, Inc. (the “Company”), Harland Clarke Holdings Corp. (“Parent”), Mercury Merger Sub, Inc. (“Purchaser”) and Joseph Epperson (“Executive” and, together with the Company, Parent and Purchaser, the “Parties”). Any capitalized term used in this Agreement, but not defined, shall have the same meaning as ascribed to such term in the Agreement and Plan of Merger, dated as of the Effective Date, by and between Parent, Purchaser and the Company (the “Merger Agreement”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • April 20th, 2021 • Endeavor Group Holdings, Inc. • Services-amusement & recreation services • Delaware

This RESTRICTIVE COVENANT AGREEMENT (this “Agreement”), effective as of March 13, 2019 (the “Effective Date”), by and among Endeavor Group Holdings, Inc. (“EGH”), Endeavor Operating Company, LLC (“EOC”) and Patrick Whitesell (the “Restricted Person” and, together with EGH and EOC, the “Parties” and individually, a “Party”).

EX-10.6 7 dex106.htm RESTRICTIVE COVENANT AGREEMENT RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • May 5th, 2020 • Pennsylvania

THIS RESTRICTIVE COVENANT AGREEMENT (this “Agreement”) is entered into by and between DESTINATION MATERNITY CORPORATION, a Delaware corporation (the “Company”) and the undersigned individual (the “Employee”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • August 6th, 2009 • Cambium-Voyager Holdings, Inc. • Delaware

THIS AGREEMENT (“Agreement”) dated as of November 28, 2006 (the “Effective Date”) is by and between ProQuest Company, a Delaware corporation (“Seller”), and Snap-on Incorporated, a Delaware corporation (“Buyer”). Seller and Buyer may be referred to in this Agreement individually as a “Party” or collectively as “Parties.”

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • October 4th, 2011 • MedQuist Holdings Inc. • Services-computer processing & data preparation • New York

THIS RESTRICTIVE COVENANT AGREEMENT (the “Agreement”), effective as of August 18, 2011, between Detlef Koll (“Shareholder”) and MedQuist Holdings Inc., a Delaware corporation (the “Company”).

CVS Pharmacy, Inc. Restrictive Covenant Agreement
Restrictive Covenant Agreement • February 18th, 2020 • CVS HEALTH Corp • Retail-drug stores and proprietary stores • Rhode Island

I, Derica Rice, enter into this Restrictive Covenant Agreement (“Agreement”) with CVS Pharmacy, Inc., on its own behalf and on behalf of its subsidiaries and affiliates (“CVS”), which is effective as of the date I sign the Agreement (“Effective Date”). In consideration of the mutual promises in this Agreement, the parties agree as follows:

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • October 4th, 2023 • NorthStar Healthcare Income, Inc. • Real estate investment trusts • Delaware

As a condition of my becoming employed by, or continuing employment with, NorthStar Healthcare Income, Inc. (the “Company”), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by the Company, I agree to the following:

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • May 25th, 2012 • PHH Corp • Miscellaneous business credit institution • New Jersey

THIS RESTRICTIVE COVENANT AGREEMENT (“Agreement”) is executed as of May 25, 2012, by and between David E. Tucker (“Executive”) and PHH Corporation (the “Company”).

FORM OF RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • December 20th, 2024 • Venture Global, Inc. • Natural gas distribution • Virginia

This Restrictive Covenant Agreement (“Agreement”) dated [ ] (the “Effective Date”) is entered into between VENTURE GLOBAL LNG, INC. (the “Company”) and [ ] (the “Employee”) as of the Effective Date.

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • August 1st, 2018 • Wmih Corp. • Finance services • Delaware

As provided for under that certain employment agreement by and between WMIH Corp. (the “Company”) and Thomas Fairfield (“Executive”), made as of May 15, 2015 (as amended, the “Employment Agreement”), upon the consummation of a Qualifying Acquisition (as defined in the Employment Agreement), and in consideration for the rights and benefits provided to Executive under the Employment Agreement, Executive agrees to abide by all of the terms and conditions of this restrictive covenant agreement (the “Agreement”). Executive acknowledges and agrees that this Agreement, and the terms and conditions herein, are material terms of Executive’s employment relationship with the Company, and that the Company would not have hired Executive and entered into the Employment Agreement but for Executive’s execution of, and compliance with, this Agreement.

Restrictive Covenant Agreement
Restrictive Covenant Agreement • November 10th, 2024

This Agreement is made between JPK Building Contractors Ltd (the Company) of Seven Brethren Bank, Barnstaple, Devon, EX31 2AS and <… > (the Employee).

Polys Hajioannou c/o Safety Management Overseas S.A. 32 Avenue K. Karamanli P.O. Box 70837 16605 Voula Athens, Greece
Restrictive Covenant Agreement • March 5th, 2014 • Safe Bulkers, Inc. • Deep sea foreign transportation of freight • England

Reference is hereby made to the attached Restrictive Covenant Agreement (the “Restrictive Covenant Agreement”), dated as of May 29, 2008, as amended thereafter, by and among Safe Bulkers, Inc., a Marshall Islands corporation (the “Company”), Polys Hajioannou (“P. Hajioannou”), Vorini Holdings, Inc., a Marshall Islands Corporation, SafeFixing Corp., a Liberian Corporation and Machairiotissa Holdings Inc., a Marshall Islands Corporation.

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • September 30th, 2016 • Blackline, Inc. • Services-prepackaged software • California

This RESTRICTIVE COVENANT AGREEMENT (this “Agreement”), dated as of August 9, 2013, is made by and between Mario Spanicciati (the “Equity Holder”) and SLS Breeze Holdings, Inc. (the “Parent”), a Delaware corporation.

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • July 8th, 2005 • Zhone Technologies Inc • Telephone & telegraph apparatus • Florida

THIS RESTRICTIVE COVENANT AGREEMENT (this “Agreement”) is made and entered into as of the 7th day of July, 2005, by and between Patrick M. Murphy (“Consultant”) and Zhone Technologies, Inc., a Delaware Corporation (“Zhone”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • October 6th, 2015 • Duluth Holdings Inc. • Retail-apparel & accessory stores • Wisconsin

THIS RESTRICTIVE COVENANT AGREEMENT (“Agreement”) is made and entered into by and between Al Dittrich (“Executive”) and Duluth Holdings, Inc. (the “Company”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • August 4th, 2017 • Compass Minerals International Inc • Mining & quarrying of nonmetallic minerals (no fuels)

This RESTRICTIVE COVENANT AGREEMENT (“Agreement”) is by and between Fran Malecha (“Employee”) and Compass Minerals International, Inc. by and on behalf of itself and any parent companies, successor companies, direct and indirect subsidiaries, other affiliated companies and assigns (hereinafter referred to collectively as “Company”).

RESTRICTIVE COVENANT AGREEMENT among GASLOG LTD., PETER G. LIVANOS and BLENHEIM HOLDINGS LTD.
Restrictive Covenant Agreement • March 16th, 2012 • GasLog Ltd. • Water transportation • New York

WHEREAS, the initial public offering of the Company’s Common Shares (as defined below) will involve the sale of an ownership interest in the Company’s business and its goodwill, and the Company wishes to protect such goodwill in order to maximize the proceeds of the sale of its Common Shares in the offering; and

FORM OF RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • October 14th, 2021 • Anghami Inc • Communications services, nec • Abu Dhabi

THIS RESTRICTIVE COVENANT AGREEMENT (this “Agreement”) is made as of March 3, 2021, by and between Anghami Inc., a Cayman Islands exempted company and wholly-owned subsidiary of the Company (“Pubco, and together with its successors, and present and future Subsidiaries and Affiliates, including without limitation after the Closing, the Anghami Entities, Vistas and Pubco, the “Covered Parties”), and [●], a [●] (“Shareholder”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • March 1st, 2018 • PHH Corp • Miscellaneous business credit institution • New Jersey

THIS RESTRICTIVE COVENANT AGREEMENT (“Agreement”) is executed as of November ____, 2017, by and between ______________(“Employee” “Executive” or “Counsel”) and PHH CORPORATION and its subsidiaries, affiliates and related entities (the “Company”).

SAFE BULKERS, INC., POLYS HAJIOANNOU, VORINI HOLDINGS INC., SAFEFIXING CORPORATION - and - MACHAIRIOTISSA HOLDINGS INC. RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • March 5th, 2014 • Safe Bulkers, Inc. • Deep sea foreign transportation of freight • England

NOW, THEREFORE, in consideration of the terms and conditions set forth below and other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereto agree as follows:

August 18, 2010 Peyton R. Patterson Chairman, Chief Executive Officer and President NewAlliance Bancshares, Inc. New Haven, CT 06510 Dear Peyton:
Restrictive Covenant Agreement • August 24th, 2010 • Newalliance Bancshares Inc • National commercial banks

The purpose of this letter is to confirm the agreement among NewAlliance Bancshares, Inc. (“NewAlliance”), NewAlliance Bank, First Niagara Financial Group, Inc. (“First Niagara”) and you with respect to the restrictive covenant set forth below. This letter is being entered into in connection with the Agreement and Plan of Merger, dated as of August 18, 2010, among NewAlliance , First Niagara and FNFG Merger Sub, Inc. (“Merger Agreement”). If the Merger Agreement or your employment with NewAlliance and NewAlliance Bank terminates for any reason before the Closing Date (as defined in the Merger Agreement) occurs, all of the provisions of this letter will terminate and there will be no liability of any kind under this letter.

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • December 18th, 2023 • ECD Automotive Design, Inc. • Motor vehicles & passenger car bodies • Florida

This RESTRICTIVE COVENANT AGREEMENT (“Agreement”) is made as of December 12, 2023, with effect as of the Effective Time, by and among EF Hutton Acquisition Corporation I., a Delaware corporation (“EFHT” or “Buyer”), Humble Imports Inc., a Florida corporation (“ECD”), and ___________ (“Stockholder,” together with EFHT and the Company, the “Parties” and, each, a “Party”).

RENAISSANCE LEARNING, INC. RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • July 7th, 2010 • Renaissance Learning Inc • Services-prepackaged software

This Agreement is made as of the ______ day of __________, 20­­__, by and between Renaissance Learning, Inc., a Wisconsin corporation (the “Corporation”), and _______________________________ (“Employee”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • November 24th, 2021 • Spirit of Texas Bancshares, Inc. • State commercial banks • Texas

This Restrictive Covenant Agreement (this “Agreement”), dated as of November 18, 2021 (the “Effective Date”), is entered into by Spirit of Texas Bancshares, Inc. a Texas corporation (the “Company”), and Dean O. Bass (“Executive”).

form of Restrictive Covenant AGREEMENT TO ACCOMPANY RESTRICTED STOCK UNIT (“rsu”) AWARD
Restrictive Covenant Agreement • May 5th, 2020 • Delaware

This Restrictive Covenant Agreement to Accompany Restricted Stock Award (this “Agreement”) is made as of November 20, 2015 by and between Beacon Roofing Supply, Inc. and Beacon Sales Acquisition, Inc., both Delaware corporations (collectively, “Beacon”) and [Insert Name] (“Employee”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • October 22nd, 2021 • Candela Medical, Inc. • Electromedical & electrotherapeutic apparatus • Delaware

In connection with and as condition of your continued employment with Syneron Medical Ltd. (the “Company”) or one of its direct or indirect subsidiaries (as applicable, the “Employer”), and in consideration of the opportunity to receive equity interests in SM Midco L.P., a Guernsey limited partnership and a parent of the Company (the “Partnership”) and your receipt of the compensation now and hereafter paid to you by the Company, you agree to the terms and conditions of this Restrictive Covenant Agreement (this “Agreement”).

RESTRICTIVE COVENANT AGREEMENT
Restrictive Covenant Agreement • May 22nd, 2019 • Grocery Outlet Holding Corp. • Retail-grocery stores • Delaware

This RESTRICTIVE COVENANT AGREEMENT (this “Agreement”), is dated as of the 13th day of September, 2014, between Cannery Sales Holding Corp., a Delaware corporation (“Buyer”), Eric J. Lindberg (the “Executive”) and certain trusts identified on the signature pages hereto that are owned and/or controlled by, or for the benefit of, the Executive or one or more family members of the Executive (the “Trust” and together with the Executive, the “Selling Stockholder”).