Noncompetition definition

Noncompetition. Paragraph A. Paragraph XI.A. is hereby amended and restated in its entirety as follows:

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Noncompetition. Agreements” § 2.7(a)(vi) “Purchased Assets” § 2.1

Noncompetition means that, during the period that any of your UARs or Cash Bonus amounts remain unpaid, you do not, directly or indirectly, for yourself or any other person or entity engage in, render any services to, or assist in any manner, without the written consent of the Committee, in the transportation or storage of natural gas (the “Business”) in a geographic area in the United States where the Partnership or its subsidiaries or affiliates is conducting Business or seeking to conduct such Business; and

Examples of Noncompetition in a sentence

• The captions contained in this Noncompetition Agreement are for convenience of reference only, shall not be deemed to be a part of this Noncompetition Agreement and shall not be referred to in connection with the construction or interpretation of this Noncompetition Agreement.

• Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of this Noncompetition Agreement.

• Neither the drafting history nor the negotiating history of this Noncompetition Agreement shall be used or referred to in connection with the construction or interpretation of this Noncompetition Agreement.

• Any breach of the Non-competition Agreement that is not cured as permitted therein shall be deemed a breach of this Section 9.

• Each provision of this Noncompetition Agreement is separable from every other provision of this Noncompetition Agreement, and each part of each provision of this Noncompetition Agreement is separable from every other part of such provision.

• Such Noncompetition Payment shall be made in 12 equal monthly installments (each installment being an amount equal to 1/12th of such annual salary) commencing on the date which is thirty (30) days after the last day of the Employment Term.

• As a condition of employment, the Executive is required to enter into the Employee Confidentiality, Assignment, Nonsolicitation and Noncompetition Agreement, attached hereto as Exhibit A (the “Restrictive Covenants Agreement”).

• This Agreement, together with the exhibits hereto and the Noncompetition Agreement, contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with the Company or its subsidiaries (or any predecessor of either).

• Once the Consultation and/or Noncompetition Payments are begun, whether paid by Employer or as otherwise provided herein, the maximum payment period under this Agreement is ten (10) years.

• During the Noncompetition Period, the Company shall have the right to, in good faith, add other entities which are in substantial competition with the Companies to the list of businesses on Exhibit B, subject to the consent of the Executive which shall not be unreasonably withheld.

More Definitions of Noncompetition

Noncompetition. “Wrongful Solicitation” and “Confidentiality/Specific Performance” sections in the EnerSys 2004 Equity Incentive Plan, the EnerSys 2006 Equity Incentive Plan, and the EnerSys 2010 Equity Incentive Plan shall survive the execution of this Agreement. Without limiting the foregoing, ▇▇▇▇▇ and EnerSys specifically agree that: (i) this Agreement and the Consulting Agreement supersede the Employment Agreement and that neither ▇▇▇▇▇ or EnerSys have any further obligations under the Employment Agreement, and (ii) ▇▇▇▇▇’▇ entitlement to vested benefits under any employee benefit plan, and specifically ▇▇▇▇▇’▇ right to elect COBRA coverage under the Company’s health insurance plan under the same terms and conditions applicable to other senior employees of the Company, survive the execution of this Agreement. Between June 1, 2013 and June 10, 2013, ▇▇▇▇▇ will sign and deliver to EnerSys a document acceptable to EnerSys which confirms that EnerSys does not have any further obligations under the Employment Agreement. This Agreement may not be modified in any manner, except by an instrument in writing and signed by both parties. This Agreement is for the benefit of and is binding upon ▇▇▇▇▇ and his heirs, administrators, representatives, executors, successors, beneficiaries and assigns, and is also for the benefit of the Released Parties and their successors and assigns.

Noncompetition has the meaning described in Section 6.2.

Noncompetition. If Employer terminates Employee other than for Cause (as defined below) on or prior to December 10, 1999 and Employee is paid pursuant to the terms of the Severance Agreement (as defined in Section 8(f)), then Employee covenants and agrees not to directly or indirectly compete with Employer in the United States and/or Asia for a period of three (3) years from the date Employee is paid pursuant to the Severance Agreement. If, on the other hand, Employer terminates Employee other than for Cause after December 10, 1999 and Employer continues to pay Employee his monthly Salary at the time of termination for a period of 18 months, then Employee covenants and agrees not to directly or indirectly compete with Employee in the United States and/or Asia for a period of 18 months from the date of termination.

Noncompetition means that, during the Vesting Period, you do not, directly or indirectly, for yourself or any other person or entity engage in, render any services to, or assist in any manner, without the written consent of the Committee, in the transportation or storage of natural gas (the “Business”) in a geographic area in the United States where the Partnership or its subsidiaries or affiliates are conducting Business or seeking to conduct such Business; and