Restrictive Covenant Period definition

Restrictive Covenant Period has the meaning set forth in Section 8.11 hereof.

Restrictive Covenant Period means the two-year period following a Participant’s termination of Service with the Corporation and/or any Affiliate for any reason.

Restrictive Covenant Period means, any time until the third (3rd) anniversary of the Termination Date.

Examples of Restrictive Covenant Period in a sentence

• In the event a Participant has engaged in any Competitive Activity during the Restrictive Covenant Period, then the Participant shall be required to transfer the Forfeiture Shares to the Company and, if applicable, pay the Forfeiture Payment to the Company, in such manner and on such terms and conditions as may be required by the Committee, and the Company shall be entitled to set-off such amounts against any amount owed to the Participant by the Company and/or Subsidiary.

• If the Participant violates any of the restrictions contained in this Section 2, the Restrictive Covenant Period shall be suspended and shall not run in favor of the Participant until such time that the Participant cures the violation to the satisfaction of the Company; the period of time in which the Participant is in breach shall be added to the Restrictive Covenant Period.

• The term “Forfeiture Payment” means the amount of any gain on any Options exercised by the Participant during the Restrictive Covenant Period pursuant to this Agreement equal to the amount included in the Participant’s income for such exercise.

• Preservation developments still in their extended low income commitment period as set forth in the Restrictive Covenant Period are not eligible to use Income Averaging.

• In the event a Participant has engaged in any Competitive Activity during the Restrictive Covenant Period, Participant shall immediately forfeit any unvested or unexercised Options.

More Definitions of Restrictive Covenant Period

Restrictive Covenant Period means the longest period of months specified in the Eligible Executive’s Release and Covenant Documents during which the Eligible Executive shall be required to abide by one or more of the Covenants set forth in Section 6.

Restrictive Covenant Period has the meaning set forth in Section 6.18(a).

Restrictive Covenant Period means the eighteen (18) month period commencing with the Cessation Date; provided, however, that, except with respect to clause (iii) of paragraph (a) hereof, in the event that the Employee’s employment is terminated by the Company without Cause or by the Employee for Good Reason, the term “Restrictive Covenant Period” shall mean the period commencing with the Cessation Date and ending on the Expiration Date.

Restrictive Covenant Period means, any time until the eighteen month anniversary of the Termination Date.

Restrictive Covenant Period means, any time until the eighteen (18) month anniversary of the Termination Date.

Restrictive Covenant Period means the shorter of (i) the twelve (12) month period commencing with the Cessation Date and (ii) the period commencing with the Cessation Date and ending on the Expiration Date.

Restrictive Covenant Period means the two (2) year period beginning on the Closing Date.