Noncompete clause definition

Noncompete clause means a clause in an employment contract, post-employment contract, or separation agreement that prohibits an employee from working in a specific geographic area for a specific period of time after leaving employment with the employer.
Sample 1Sample 2Sample 3
Noncompete clause means a clause in an employment contract that prohibits an employee from working in a specific geographic area for a specific period of time after leaving employment with the employer.
Sample 1Sample 2Sample 3
Noncompete clause means a clause in an employment contract with a broadcast employer that prohibits an employee from working in a specific geographic area for a specific period of time after leaving employment with the broadcast employer.
Sample 1

Examples of Noncompete clause in a sentence

  • Non-compete clause between the SFA and the FSMC This does not prohibit the FSMC from having a non-compete agreement with the FSMC’s employees.

  • Non-compete clause during the term of the employment contract: Senior executives cannot enter into employment contracts with other companies unless they receive prior authorisation from their employer or by way of written agreement.

  • Non-compete clause after termination of the employment contract: it can be agreed at any time of the relationship, or even upon termination.

  • Non-compete clause It may be necessary to prevent or limit competition between one of the parties and the joint venture.

  • The use of escrow accounts and first-demand bank guarantees was particularly prominent.• Non-compete clause: Nearly 70% of transactions include covenants not to compete.The average duration is between one - two years.• Dispute resolution: Private equity funds prefer arbitration while corporates do not express a clear preference.

  • Non-compete clause: the executive directors’ relationships with the Company are exclusive and therefore, said individuals must not provide services to other entities during the term of their contract unless expressly authorized to do so by the Board of Directors upon a proposal from the executive director, with the exception of any positions held in other companies in the Técnicas Reunidas Group.

  • Non-compete clause: the Executive President’s relationship with the Company is exclusive and therefore, said individual must not provide services to other entities during the term of their contract unless expressly authorized to do so by the Board of Directors upon a proposal from the Executive President, with the exception of any positions held in other companies in the Técnicas Reunidas Group.

  • The new value of the intangible assets identified was: R$ 2,485 - Client relations and R$ 472 - Non-compete clause.

  • Non-compete clause: Has to be reasonable in time and area necessary to protect legitimate interests, not harmful to the public and not unduly burdensome.

  • Non-compete clause No, the SFA will not allow any non-compete clause.


More Definitions of Noncompete clause

Noncompete clause means a clause in an employment contract that prohibits an employee or prospective employee from working in a specific geographic area for a specific period at the conclusion of his or her current employment.
Sample 1

Related to Noncompete clause

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

  • Noncompetition Agreement has the meaning stated in Section 2.1.

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

  • 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.

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

  • 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.

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

  • 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 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.

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

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

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

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Restrictive Covenant Agreements is defined in the Recitals.

  • Covenant not to compete means an agreement:

  • Disparagement means making comments or statements to the press, the Company’s or its Affiliates’ employees, consultants or any individual or entity with whom the Company or its Affiliates has a business relationship which could reasonably be expected to adversely affect in any manner: (a) the conduct of the business of the Company or its Affiliates (including, without limitation, any products or business plans or prospects); or (b) the business reputation of the Company or its Affiliates, or any of their products, or their past or present officers, directors or employees.

  • Acceptable Confidentiality Agreement means a confidentiality agreement that contains provisions that are no less favorable in the aggregate to the Company than those contained in the Confidentiality Agreement; provided that such agreement and any related agreements shall not include any provision calling for any exclusive right to negotiate with such party or having the effect of prohibiting the Company from satisfying its obligations under this Agreement.

  • Nondisclosure Agreement has the meaning set forth in Section 7.05(a) hereof.

  • Existing Confidentiality Agreement shall have the meaning given in Section 6.2.

  • Confidential Information Breach This shall mean, generally, an instance where an unauthorized person or entity accesses Confidential Information in any manner, including but not limited to the following occurrences: (1) any Confidential Information that is not encrypted or protected is misplaced, lost, stolen or in any way compromised; (2)one or more third parties have had access to or taken control or possession of any Confidential Information that is not encrypted or protected without prior written authorization from the State; (3) the unauthorized acquisition of encrypted or protected Confidential Information together with the confidential process or key that is capable of compromising the integrity of the Confidential Information; or (4) if there is a substantial risk of identity theft or fraud to the Client Agency, the Contractor, DAS or State.

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • representation agreement means the written agreement between a money transfer service provider and a representative of the money transfer service provider that states the terms on which the representative offers the money transfer service within Australia;

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.

  • Internal confidentiality agreement or statement means a confidentiality agreement or any other written statement that the contractor requires any of its employees or subcontractors to sign regarding nondisclosure of contractor information, except that it does not include confidentiality agreements arising out of civil litigation or confidentiality agreements that contractor employees or subcontractors sign at the behest of a Federal agency.

  • Sexual conduct means vaginal intercourse between a male and female; anal intercourse, fellatio, and cunnilingus between persons regardless of gender; and, without privilege to do so, the insertion, however slight, of any part of the body or any instrument, apparatus, or other object into the vaginal or anal cavity of another. Penetration, however slight, is sufficient to complete vaginal or anal intercourse.

  • Employment Agreement has the meaning specified in the recitals to this Agreement.