Noncompetition covenant definition

Noncompetition covenant means an agreement between an employer and employee which, upon termination of the employment of the employee, prohibits the employee from pursuing a similar vocation in competition with or becoming employed by a competitor of the employer.
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Noncompetition covenant means the covenant described in section 2 entitled "Covenant Not to Compete".
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Noncompetition covenant has the meaning set forth in Section 6.12.
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Examples of Noncompetition covenant in a sentence

  • The Employee specifically acknowledges that any termination by the Company for “Cause” or any termination by resignation of the Employee shall result in the Non-competition covenant described in paragraph 8(b) remaining valid and enforceable hereunder.

  • Noncompetition covenant out of multiple counts of law or other few items such alteration or legal needs non disclosure agreement template washington state legislatures across your template is generally known by criticizing ▇▇▇▇▇.

  • However, to the extent that any time of performance or area of performance of the Non-competition covenant set forth in Section 5.2 is held by any court of competent jurisdiction to be unenforceable by virtue of its being too broad in its scope, then the court making that judgment shall reform that section of the Agreement to make the requirements of Section 5.2 reasonable in terms of term and scope of the restrictions.

  • If the Participant materially breaches any of the Restrictive Covenants set forth in Participant’s Compensation and Covenants Agreement (i.e. Confidentiality, Noncompetition, Employee Nonsolicitation, and Customer Nonsolicitation; Noninterference); provided, however, that any breach of the Noncompetition covenant will be deemed material for purposes of this Section; The Participant agrees that the terms of this section are reasonable.

  • Additionally, SANCHEZ-LOAEZA agrees that the "Non-competition" covenant in Secti▇▇ ▇.▇ ▇▇ ▇▇▇ Employment Agreement shall be enforceable against him under the terms set forth in Section 6.1, but without regard to whether SANCHEZ-LOAEZA was terminated "without Cause" and without regard t▇ ▇▇▇▇▇▇▇ ▇▇▇▇HEZ-LOAEZA terminated his employment "for Good Reason" as desc▇▇▇▇▇ ▇▇ ▇▇▇ ▇irst sentence of Section 6.1 of the Employment Agreement.

  • The Purchaser and the Sellers shall allocate the Purchase Price among the Purchased Assets and the Non-competition covenant set out in Section 5.2 as set forth on Exhibit G and, in accordance with Section 1060 of the Code.

  • Seller further agrees not to introduce any new die in any package in planar discrete silicon or silicon carbide FETs for the duration of the Non-competition covenant.

Related to Noncompetition covenant

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

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

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • Restrictive Covenant Agreement means any agreement (including, without limitation, this Award Agreement), and any attachments or schedules thereto, entered into by and between the Participant and the Company or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation, non-disparagement and/or non- disclosure of confidential or proprietary information, in order to protect the business of the Company and its Affiliates.

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).