Noncompete Term has the meaning set forth in Section 9.1(a).

Noncompete Term means that period of time commencing on the Distribution Date and ending on the 5 year anniversary of the Distribution Date.

Examples of Noncompete Term in a sentence

The Noncompete Term shall be extended by the length of any period during which Employee is in breach of the terms of Section 4.1.
ECB sees elevated risks to financial stability in EuropeAsrismuLAs the euro area emerges from the third wave of the pandemic, risks to financial stability remain elevated and have become more unevenly distributed.
During the Noncompete Term, no Restricted Person shall, directly or indirectly, acquire or create any existing or future business in any new product or service related to the Company Business (as determined by the Managing Member), in the United States other than through the Company.
In the event of Executive's involuntary termination without Cause, including termination due to Good Reason, the Noncompete Term (and therefore the restrictions of Section 4.1) shall not apply to Executive unless the Company elects (pursuant to a writing delivered to Executive on or before the date of such termination) to compensate the Executive in accordance with the salary payment terms of this Agreement through December 31, 2005.
The "Noncompete Term" shall mean the period commencing on the Effective Date and ending one (1) year following the Executive's voluntary termination of employment.

More Definitions of Noncompete Term

Noncompete Term shall have the meaning set forth in Section 5.19(a).

Noncompete Term has the meaning assigned in Section 6.2(a).

Noncompete Term has the meaning given to it in Section 6.3(a).

Noncompete Term means the later of the three year period after the Closing Date or, with respect to each Stockholder, the three year period after the termination of such Stockholder's employment with XXXX pursuant to an employment agreement referred to in section 6.9.

Noncompete Term means the period of one year after the termination of Executive’s employment hereunder. The parties agree that ownership of no more than 1% of the outstanding voting stock of a publicly traded corporation or other entity shall not constitute a violation of this provision. The parties intend that the covenants contained in this section shall be construed as a series of separate covenants, one for each county, city, state and other political subdivision of the Restricted Territory. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in this section. If, in any judicial proceeding, a court shall refuse to enforce any of the separate covenants (or any part thereof) deemed included in this section, then such unenforceable covenant (or such part) shall be deemed eliminated from this Agreement for the purpose of those proceedings to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced by such court. It is the intent of the parties that the covenants set forth herein be enforced to the maximum degree permitted by applicable law.

Noncompete Term shall have the meaning set forth in Article 6.10.

Noncompete Term shall commence on the Effective Date and end two years following expiration or termination of the Employee's employment; provided, however, if termination of the Employee is by the Company, subsection (i) of Section 4.1 shall apply only for such portion of the Noncompete Term, if any, during which the Company pays Employee on a monthly basis the Employee's base salary as of the effective date of termination. The Company shall notify the Employee in writing of its election to extend the Noncompete Term as provided in Section 4.1(i) above, and monthly payments shall be made on the first day of each month in arrears (partial months will be paid on a per diem basis).