Restricted Sellers definition
Examples of Restricted Sellers in a sentence
For the avoidance of doubt, the Exempt Restricted Sellers shall not be subject to the restrictive covenants set forth in this Section 7.9(c).
Therefore, the Restricted Sellers acknowledge that there is a legitimate interest, both commercial and industrial, in regulating this non-competition agreement, the non-use of names, brands and domains, and the non-solicitation of certain Company service providers, and they acknowledge that the resulting limitations of this Agreement are adequate and reasonable.
Each Restricted Seller's "Non-Compete Restrictive Period" shall be the period beginning at the Closing and ending at the later of three years following Closing or two years following termination of such Restricted Seller's employment with the Company Group, or their successor(s), if any.
Concurrently with the Closing, Buyer shall have executed and delivered the Non-Compete Agreement to Restricted Sellers and Buyer shall have executed and delivered the Escrow Agreement to Sellers and Escrow Agent.
Restricted Sellers represent that each will otherwise be able to obtain gainful employment during the Restricted Period notwithstanding the provisions of this article 5.