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.

  • Non-competition covenant – seeks to keep the former employee out of the business completely.

  • Intangible assets (in thousands): Developed product technologies $ 9,571 Customer relationships 5,330 Trademarks 2,922 Non-competition covenant 295 Goodwill 25,090 Deferred revenue (2,380 ) Other assets 136 Total purchase price $ 40,964 Any changes to the initial estimates of fair value of the assets and liabilities will be recorded as adjustments to those assets and liabilities and residual amounts will be allocated goodwill.

  • 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.

  • First, Alliance's purported ability to consummate the cash Offer immediately is premised on its analysis of a non- competition agreement to which Bally is a party, which analysis appeared in section 15 of the 14D-1/Proxy Statement, "Certain Legal Matters": Non-competition covenant.

  • If I am terminated for any reason, in consideration for the Non-competition covenant and the other covenants and agreements set forth in the Agreement, I will receive a salary of $275,000 per annum for one year after such termination payable in bi-weekly installments in accordance with the Company's payroll procedures.

  • 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 xxxxx.

  • Additionally, SANCHEZ-LOAEZA agrees that the "Non-competition" covenant in Sectixx 0.0 xx xxx 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 tx xxxxxxx XXXXHEZ-LOAEZA terminated his employment "for Good Reason" as descxxxxx xx xxx xirst sentence of Section 6.1 of the Employment Agreement.

  • 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.

  • 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.

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, 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.

  • 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.

  • 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 Agreements is defined in the Recitals.

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

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

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

  • Covenant not to compete means an agreement:

  • Restrictive Covenants means the restrictive covenants contained in Section 12(c) hereof.

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a signed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: Xxxxx X. Xxxxxxx President Accepted and Agreed:

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

  • 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.

  • 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.

  • 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.

  • Covenant means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy.

  • 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.

  • Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

  • Covenant Period means the period of time from the date of this Agreement to the date that is two years after the Date of Termination.

  • Compete means to provide Competitive Services, whether Employee is acting on behalf of himself/herself, or in conjunction with or in concert with any other entity, person, or business, including activities performed while working for or on behalf of a Customer.

  • 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.

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.