Restricted Covenants definition

Restricted Covenants means the restrictive covenants contained in Section 8(b) below.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Restricted Covenants has the meaning set forth in Section 7.6(d).

Restricted Covenants means any agreement, covenant, contract or any other legal acts of any nature, oral or written, by virtue of which voting association mechanisms or covenants are formed or adopted, for one or several shareholders' meetings of the Company, provided that the number of votes grouped together results in a number equal to or greater than 5% (five percent) of the total number of Shares into which the capital stock is divided. Restricted Covenants do not include agreements made by shareholders for the appointment of minority directors.

Examples of Restricted Covenants in a sentence

• The parties hereby agree to waive any right to a trial by jury for any and all disputes hereunder (whether or not relating to the Restricted Covenants).

• Employee acknowledges that the Employer will provide to Employee confidential information concerning the Employer's business methods and operating practices in reliance on the covenants contained in the Restricted Covenants.

• If the Committee determines in good faith that the Grantee has breached any such Restricted Covenants, the Grantee shall immediately forfeit any outstanding unvested RSUs and shall repay to the Company, upon demand, any Common Stock or cash issued upon the settlement of the Grantee’s RSUs if the vesting of such RSUs occurred during such breach.

• If, however, a court of competent jurisdiction determines, in a final, non-appealable, verdict, that the Executive has not materially violated any of the Restricted Covenants, then the full amount of the severance held back pursuant to this Section 5(h) shall be immediately payable by the Company to the Executive and the recoupment of the portion of severance previously paid shall not apply.

• Employee agrees to disclose the existence and terms of the Restrictive Covenants to any person for whom Employee performs services while the Restricted Covenants remain applicable.

• If the Committee determines in good faith that the Optionee has breached any such Restricted Covenants, the Optionee shall immediately forfeit any outstanding unvested Options and any vested but unexercised Options and shall repay to the Company, upon demand, any Exercised Shares.

• The Company agrees that the Release shall not impose restrictive covenants that are broader and/or of longer duration than the Restricted Covenants.

• Executive agrees to disclose the existence and terms of the Restrictive Covenants to any person for whom Executive may perform services while the Restricted Covenants remain applicable.

• Executive agrees to disclose the existence and terms of the Restrictive Covenants to any employer that Executive may work for during while the Restricted Covenants remain applicable.

• If any court determines that any of the Restricted Covenants, or any part thereof, is invalid or unenforceable, the remainder of the Restrictive Covenants shall not be affected thereby and shall be given full effect without regard to the invalid portions.

More Definitions of Restricted Covenants

Restricted Covenants. Section 11.1(e). “Restricted Sales Price” - Section 12. “Subordination Agreement” – Section 21.2. “Term” – Section 2.‌‌‌ “Total Appreciation” – Section 13.4. “Transfer” - Section 5.‌ “Transfer Notice” – Section 7. “Value of Capital Improvements” - Section 12.2.