Non-Competition Clause definition
Examples of Non-Competition Clause in a sentence
The Company may at the request of the Executive, or at any other time, decide if and to what extent the Non-Competition Clause shall be invoked.
Should the Employer decide not to invoke the Non-Competition Clause, the Executive will not be entitled to such Compensation.
If the Non-Competition Clause is invoked, the Executive shall receive compensation during the Restrictive Period equivalent to 100% of the Executive's annual remuneration up to 8 G ("G" means the Basic Amount in the National Insurance Scheme), and then, if applicable, 70% of the annual remuneration exceeding 8G ("Compensation").
The Company may at the request of the Employee, or at any other time, decide if and to what extent the Non-Competition Clause shall be invoked.
Notwithstanding the above, in case the requirement of government or authority, who provides the official document(s) regarding the installation of the 3rd party’s screens, requests Party A to install the 3rd party screens in Party A’s Stores, this Non-Competition Clause shall not be applicable.
In consideration for the continuation of the Non-Competition Clause of Article XI as previously amended and restated, Rite Aid shall pay to GNC an exclusivity fee of $[*] annually beginning on May 1, 2004 (which shall be paid within 10 days following full execution hereof) and each May 1 hereafter through and including May 1, 2008.
If the Non-Competition Clause is invoked, the Employee shall receive compensation during the Restrictive Period equivalent to 100% of the Employee's annual remuneration up to 8 G ("G" means the Basic Amount in the National Insurance Scheme), and then, if applicable, 70% of the annual remuneration exceeding 8G ("Compensation").
Should the Employer decide not to invoke the Non-Competition Clause, the Employee will not be entitled to such Compensation.
Non-Competition Clause: The U.I.D. agree not to participate in the distribution, promotion, marketing or sale of any good or products that directly compete with Lifehealth Universal USA LLC’s products, unless you obtain express written consent from the company.
The Non-Competition Clause prevents a party from competing against the other using the information from their prior relationship for some period of time.