Non-Compete Amount definition

Non-Compete Amount means, if a Change in Control occurs and if during the twelve (12) month period following the Change in Control the Executive is terminated without Cause (other than because of the Executive’s death or Disability) or the Executive terminates the Executive’s employment for Good Reason, the amount mutually agreed upon by the Company and the Executive in exchange for the Executive’s covenant not to engage in or otherwise compete against the business engaged in by the Company, directly or indirectly, whether as an employee, consultant, independent contractor, partner, shareholder, investor or in any other capacity, for a one-year period following termination of the Executive’s employment with the Company.
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Non-Compete Amount means, if the Executive is an officer or employee of the Company, if a Change in Control occurs and if during the 24 month period following the Change in Control the Executive is terminated without Cause (other than because of the Executive’s death or Disability) or the Executive terminates the Executive’s employment for Good Reason, the amount mutually agreed upon by the Company and the Executive in exchange for the Executive’s covenant not to engage in or otherwise compete against the business engaged in by the Company, directly or indirectly, whether as an employee, consultant, independent contractor, partner, shareholder, investor or in any other capacity, for a one-year period following termination of the Executive’s employment with the Company.
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Non-Compete Amount means, if the Executive is an officer or employee of the Company, if a Change in Control occurs and if during the twelve (12) month period following the Change in Control the Executive is terminated (other than termination due to the Executive’s death, a Termination for Cause or a Termination due to a Disability) or a Termination for Good Reason occurs, the amount mutually agreed upon by the Company and the Executive in exchange for the Executive’s covenant not to engage in or otherwise compete against the business engaged in by the Company, directly or indirectly, whether as an employee, consultant, independent contractor, partner, shareholder, investor or in any other capacity, for a one (1)-year period following termination of the Executive’s employment with the Company.
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Examples of Non-Compete Amount in a sentence

  • Staff Response: The waivers within the Village Overlay District were put into place to allow for a walkable, dense and compact Village Center.

  • C’s also asks the Court to reconsider granting CVS summary judgment on its entitlement to receive the Non-Compete Amount, based on the failure of cause in the Non-Compete Agreement.

  • However, it rejected CVS’s argument that it was entitled to retain the Holdback Amount to satisfy the alleged obligation to repay the Non-Compete Amount.

  • On July 11, 2013, C’s moved for summary judgment on CVS’s counterclaim regarding the Non-Compete Amount.

  • Id., ¶ 45.After filing its Answer, Affirmative Defenses, and Counterclaim, CVS immediately cross-moved for summary judgment, seeking return of the Non-Compete Amount and recognition of its entitlement to retain the Holdback Amount in satisfaction the Non-Compete Amount.

  • Similarly, student protests and a continual sense of crisis were important factors shaping what regulation emerged and how it was implemented.

  • Id. at 8-10.C’s further argues that the Court wrongly awarded CVS the Non-Compete Amount because C’s had performed according to the Non-Compete agreement at its own expense,notwithstanding the Agreement’s invalidity; because CVS’s own negligence prevented C’s from fully satisfying its non-competition obligations; and because Court wrongly determined that there was not cause for CVS’s entry into the Non-Compete Agreement.

  • The Court further declines to determine whether the Ciolino’s are liable to repay the $1,100,000 Non-Compete Amount as that issue is not properly before the Court.

  • In light of the fact that C’s did not obtain the Non-Compete Amount in exchange for entering the Non-Compete Agreement, neither Count has any merit.

  • Rather, as explained below, it was C’s shareholders’ alleged individual obligations to repay that arose out of or resulted from CVS’s loss of the Non-Compete Amount.


More Definitions of Non-Compete Amount

Non-Compete Amount means the sum of Executive’s Base salary and the average of the Annual Bonuses earned under Section 4(b) during his Employment; provided that if any such termination occurs before the completion of the first Annual Bonus period, the Annual Bonus amount will be deemed to be the Target Bonus. The noncompetition covenant in this Section 10(c) will not apply in the event of a termination without Cause or for Good Reason if Executive provides a written waiver to the Company of his right to all severance benefits, including equity acceleration (but other than the Accrued Amounts) within five business days following such termination. The restrictions set forth in this Section 10(c) shall not limit Executive’s right to own not more than 5% of any of the debt or equity securities of any business organization that is then filing reports with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, or any compensatory equity securities that Executive receives in connection with services provided or to be provided.
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Non-Compete Amount the aggregate consideration, as set forth in Section 1.4(b)(i)(C), for the Seller Parties’ Restrictive Covenants. “Order”—any order, injunction, judgment, decree, ruling, assessment, or arbitration award of any Governmental Body or arbitrator.
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Related to Non-Compete Amount

  • Non-Compete Period means the period commencing on the Effective Date and ending twelve months after the earlier of the expiration of the Employment Period or the Executive’s Date of Termination.

  • Non-Compete Agreement means that certain Non-Compete Agreement between the Company and the Executive in substantially the form attached hereto as Exhibit B.

  • Non-Compete Term means in the case of termination for any reason, the period from the Effective Date to the date ending 2 years following the date of termination.

  • Non-Competition Period means the period beginning at the end of the Term and ending one (1) year after the end of the Term.

  • Non-Compete Agreements shall have the meaning provided in Section 5.05.

  • Noncompete Period or "Nonsolicitation Period" means the period beginning the date hereof and ending on the second anniversary of the termination of Employee's employment with Employer.

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Non-Competition Agreements has the meaning set forth in the Recitals.

  • Founder Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or earlier if, subsequent to the Company’s initial Business Combination, the last sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (B) the consummation by the Company of any subsequent liquidation, merger, stock exchange or other similar transaction, which results in all of the Company’s stockholders having the right to exchange their shares of the Common Stock for cash, securities or other property.

  • Nonsolicitation Period means the Employment Period and a period ending eighteen months after the Date of Termination;

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • Standstill Termination Date means the earlier of (i) 90 days after the Board Designation Termination Date and (ii) the later of (A) the first anniversary of the date of this Agreement and (B) 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.

  • Stated Termination Date means December 31, 2000.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Noncompetition Agreements as defined in Section 2.8(a)(iv). "Occupational Safety and Health Law"--any law or regulation designed to provide safe and healthy working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (including those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Severance Amount means:

  • Consulting Period has the meaning assigned thereto in Section 14(f) hereof.

  • Non-Solicitation Period means a period of 12 months after the termination of Executive’s employment with the Company.

  • converted employment and support allowance means an employment and support allowance which is not income-related and to which a person is entitled as a result of a conversion decision within the meaning of the Employment and Support Allowance (Existing Awards) Regulations 2008;

  • Restrictive Period means the period beginning on the Effective Date and ending two (2) years after the termination of the Executive’s employment hereunder.

  • Competition Match means any match played or to be played under the jurisdiction of the Competition.

  • Earn-Out Period has the meaning set forth in Section 2.5(a).

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of: