Restricted Covenant Period definition

Restricted Covenant Period means the period commencing on the termination of Grantee’s employment with the Company for any reason and ending, (i) in respect of a restriction or limitation relating to Grantee’s employment with Predecessor connected with or in support of activities, products, services, technological developments, customers or potential customers of the business units that are part of Predecessor post-Distribution, one year following the Distribution Date, and (ii) in respect of a restriction or limitation relating to Grantee’s employment with the Company or connected with or in support of activities, products, services, technological developments, customers or potential customers of the business units that are part of the Company post-Distribution, one year following termination of Grantee’s employment with the Company.
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Restricted Covenant Period means the period commencing on the date hereof and terminating on the later of: (a) the termination of the Employee's employment or (b) the end of any period during which the Employee is paid his Base Salary pursuant to Section 5(e). For the further purposes of this Section 5, the term "Restricted Area" shall mean the United States and Europe.
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Restricted Covenant Period means the period of time during which the restrictive covenants referred to and defined in Section 2.43(c), with respect to any Award Agreement or other written agreement between the Grantee and the Company or a Affiliate (including any predecessor entity or equity owner of such entity), apply.
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Examples of Restricted Covenant Period in a sentence

  • For the purposes of this Section 8, the term "Restricted Covenant Period" shall mean the period commencing on the date hereof and terminating on the later of: (a) the termination of the Employee's employment or (b) the end of any period during which the Employee is paid his Base Salary pursuant to Section 5(e).

  • The Employee further agrees that during the Restricted Covenant Period the Employee will not knowingly, directly or indirectly, (a) solicit the employment of any employee of the Company who was such at any time during the last twelve (12) months of the Employee's employment with the Company, or (b) induce any employee of the Company to leave the employ of the Company, unless in each case the Employee obtains the prior written consent of the Company.

  • In the event a Participant has engaged in any Detrimental Activity or, if applicable, any Post-Retirement Activity, prior to or during the twelve months after the Payment Date with respect to any Installment (the “Restrictive Covenant Period”), the right to payment of the Award Payment attributable to such Installment may be rescinded by the Committee within two years of the end of the Restricted Covenant Period.

  • In the event a Participant has engaged in any Competitive Activity or, if applicable, any Post-Retirement Activity, prior to, or during the twelve months after, the Payment Date with respect to any Installment (the “Restrictive Covenant Period”), the right to payment of the Award Payment attributable to such Installment may be rescinded by the Committee within two years of the end of the Restricted Covenant Period.

  • If Consultant violates any of the restrictions contained in this Section IV, the Restricted Covenant Period shall be suspended and shall not run in favor of Consultant until such time that Consultant cures the violation to the satisfaction of the Company and the period of time in which Consultant is in breach shall be added to the Restricted Covenant Period applicable to such covenant(s).

  • The Employee further agrees that during ----------------------------- the Restricted Covenant Period the Employee will not knowingly, directly or indirectly, (a) solicit the employment of any employee of the Company who was such at any time during the last twelve (12) months of the Employee's employment with the Company, or (b) induce any employee of the Company to leave the employ of the Company, unless in each case the Employee obtains the prior written consent of the Company.

  • The Employee further agrees that during the Restricted Covenant Period he will not knowingly, directly or indirectly, (a) solicit the employment of any employee, agent or consultant of the Company who was such at any time during the last twelve months of the Employee's employment with the Company, or (b) induce any employee of the Company to leave the employ of the Company, unless in each case the Employee obtains the prior written consent of the Company.

  • For the purposes of Section 9.1, the term "Restricted Covenant Period" shall mean the period commencing on the date hereof and terminating on the date 12 months after the Executive's service to the Company ends.

  • Consultant understands that the covenants in Section IV may limit Consultant’s ability to engage in certain businesses anywhere in or involving the Restricted Area during the Restricted Covenant Period, but Consultant acknowledges that Consultant shall receive Confidential Information, as well as sufficiently high remuneration from the Company to justify such restrictions.

  • In the event a Participant has engaged in any Detrimental Activity or, if applicable, any Post-Retirement Activity, prior to, or during the twelve months after, the Payment Date with respect to any Installment (the “Restrictive Covenant Period”), the right to payment of the Award Payment attributable to such Installment may be rescinded by the Committee within two years of the end of the Restricted Covenant Period.


More Definitions of Restricted Covenant Period

Restricted Covenant Period means the period commencing on the termination of my employment with the Company for any reason and ending, (i) in respect of a restriction or limitation relating to my employment with Predecessor connected with or in support of activities, products, services, technological developments, customers or potential customers of the business units that are part of Predecessor post-Distribution, two years following the Distribution Date, and (ii) in respect of a restriction or limitation relating to my employment with the Company or connected with or in support of activities, products, services, technological developments, customers or potential customers of the business units that are part of the Company post-Distribution, two years following termination of my employment with the Company.
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Restricted Covenant Period means the period commencing on the termination of Grantee’s employment with the Company for any reason and ending, (i) in respect of a restriction or limitation relating to Grantee’s employment with Predecessor, one year following termination of Grantee’s employment with Predecessor, and (ii) in respect of a restriction or limitation relating to Grantee’s employment with the Company, one year following termination of Grantee’s employment with the Company.
Sample 1
Restricted Covenant Period means the period commencing on the date hereof and terminating on July 31, 2002, unless the Corpus/Beaumont Closing occurs on or prior to such date, in which case the Restricted Covenant Period shall terminate on September 30, 2002. For the purposes of this Paragraph 8, the term "Restricted Area" shall mean the standard metropolitan area of each city (other than Corpus Christi, Texas and Beaumont, Texas) in which the Company manages a dental center.
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Restricted Covenant Period means the period commencing on the date hereof and terminating on the date 12 months after the Executive's service to the Company ends. For the purposes of this Section 9, the term "Restricted Area" shall mean the State of Texas.
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Restricted Covenant Period means the period commencing on the date hereof and terminating on the date eighteen months after the Employee's employment with the Company ends; provided, however, that in the event the Employee's employment is terminated pursuant to Section 2.5 or 2.6, or the term of the Employee's employment hereunder is not extended after December 31, 1998 on terms as favorable to the Employee in all significant respects as those contained in this Agreement, then the Restrictive Covenant Period shall mean the period commencing on the date hereof and ending on the date the Employee's employment with the Company terminates. For the further purposes of this Section 4, the term "Restricted Area" shall mean the United States.
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Related to Restricted Covenant Period

  • 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.

  • Suspended Covenants has the meaning assigned to such term in Section 4.19.

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • Covenant Testing Period means the period commencing on the last day of the fiscal month of Borrower most recently ended prior to the occurrence of a Fixed Charge Test Commencement Date for which month Borrowers have delivered to Agent monthly financial statements of Solutions and its Subsidiaries, and continuing until the Termination Date has occurred.

  • Consolidated Coverage Ratio means as of any date of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are internally available to (y) Consolidated Interest Expense for such four fiscal quarters; provided, however, that:

  • Covenant Suspension Event has the meaning set forth in Section 4.18.

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

  • Shelf Suspension Period See Section 3(a) hereof.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Nonsolicitation Period means the Employment Period and a period ending six months after the Date of Termination.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Restraint Period means the period described in Item 10 of the Schedule;

  • Restricted Group Collectively, the following persons and entities: the Trustee; the Underwriters; the Depositor; the Master Servicer; the Special Servicer; any Sub-Servicers; the Sponsors; each Mortgagor, if any, with respect to Mortgage Loans constituting more than 5% of the total unamortized principal balance of all the Mortgage Loans in the Trust Fund as of the Closing Date; and any and all Affiliates of any of the aforementioned Persons.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Restrictive Period means the period beginning on the Effective Date and ending two (2) years after the termination of the Executive’s employment hereunder.

  • Restricted Activity means directly or indirectly owning any interest in, managing, controlling, participating in, consulting with, rendering services for, or in any manner engaging in any business with any customer, supplier, competitor or other person having a business relation with the Company or any of its subsidiaries; provided however that the term "Restricted Activity" shall not include passive ownership of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the business of that corporation.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Limitation Period means any period while any amount remains owing on the Note and interest on such amount, calculated at the applicable interest rate, plus any fees or other sums payable under any Loan Document and deemed to be interest under applicable law, would exceed the amount of interest which would accrue at the Highest Lawful Rate.

  • Qualifying Time Period means the period defined in Section 2.3.C, during which the Applicant shall make investment on the Land where the Qualified Property is located in the amount required by the Act, the Comptroller’s Rules, and this Agreement.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Restricted Client means any person, firm, corporation or other organization to whom the Participant directly or indirectly performed or assisted in performing Relevant Services, or with which the Participant otherwise had material contact, or about which the Participant learned Confidential Information or Trade Secrets, within the twenty-four months prior to the date on which the Participant’s employment with the Constituent Companies terminated.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Restricted Geographic Area is defined as all countries, territories, parishes, municipalities and states in which Company is doing business or is selling its products at the time of termination of Employee’s employment with Company, including but not limited to every parish and municipality in the state of Louisiana. Employee acknowledges that this geographic scope is reasonable given Employee's position with Company, the international scope of Company's business; and the fact that Employee could compete with Company from anywhere Company does business.

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Relevant Period means the period from the passing of this resolution until whichever is the earliest of: