Non-Compete/Non-Solicit definition
Examples of Non-Compete/Non-Solicit in a sentence
If you fail to comply with Section 8(c) until the end of the Non-Competition Period or Section 8(d) until the end of the Non-Solicitation Period, other than any isolated, insubstantial and inadvertent failure that is not in bad faith, you will repay to the Group any paid Non-Compete/Non-Solicit Payments and forfeit any unpaid Non-Compete/Non-Solicit Payments.
For the avoidance of doubt, if the Company does not elect, pursuant to clause (2) of the first sentence of this section to make the Non-Compete/Non-Solicit Payments, (i) you will not be obligated to comply with Section 8(c) or Section 8(d) of the Agreement after your employment with the Company and (ii) the benefits referred to in the section entitled “Additional Benefits upon a Termination without Good Reason” will not be subject to your complying with Section 8(c) and Section 8(d) of the Agreement.
Your eligibility for the Non-Compete/Non-Solicit Payment and the COBRA payments under Paragraphs 3(B) and 3(C), respectively, and your eligibility for payment of the 2017 Bonus under Paragraph 4, shall be contingent on your execution (and non-revocation) of a release of claims in favor of the Company, Virtu and its subsidiaries and affiliates (the “Release”).
Upon Closing, KCG shall fund the Escrow Account with an amount equal to the sum of the Non-Compete/Non-Solicit Payment and 2017 Bonus.
The Company will pay you the Non-Compete/Non-Solicit Payment in the amount of $500,000.
Upon Closing, the Company shall fund the Escrow Account with an amount equal to the sum of the Non-Compete/Non-Solicit Payment and 2017 Bonus.
As separate and additional consideration for your required compliance with such covenants, the Company will pay you the Non-Compete/Non-Solicit Payments in the total amount of $333,333 at the time and in the manner contemplated by the Schedule.
The Company will pay you the Non-Compete/Non-Solicit Payment in the amount of $2,000,000.
The Company will pay you the Non-Compete/Non-Solicit Payments in the total amount of $1,500,000.
For the avoidance of doubt, the Non-Compete/Non-Solicit Payments would be in addition to any other termination benefits to which you may become entitled under Section 6(c) of the Agreement.