Common use of Covenant Not to Compete Clause in Contracts

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business and the goodwill, continued patronage, and the names and addresses of the Corporation's Clients (as hereinafter defined) constitute a substantial asset of the Corporation having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 12 contracts

Samples: Executive Employment Agreement (Fourth Wave Energy, Inc.), Executive Employment Agreement (cbdMD, Inc.), Executive Employment Agreement (Bright Mountain Media, Inc.)

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Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business Company’s business and the goodwill, continued patronage, and specifically the names and addresses of the Corporation's Company’s Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by in the Corporationevent the Executive’s Board of Directorsemployment is terminated pursuant to paragraph 6 supra, then the Executive agrees to the following:

Appears in 7 contracts

Samples: Executive Employment Agreement (SRM Entertainment, Inc.), Executive Employment Agreement (SRM Entertainment, Inc.), Executive Employment Agreement (SRM Entertainment, Inc.)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business Company’s business and the goodwill, continued patronage, and specifically the names and addresses of the Corporation's Company’s Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, Agreement the Executive agrees to the following:

Appears in 6 contracts

Samples: Executive Employment Agreement (Dolphin Digital Media Inc), Executive Employment Agreement (Express-1 Expedited Solutions Inc), Executive Employment Agreement (Express-1 Expedited Solutions Inc)

Covenant Not to Compete. The Except as set forth in Section 6d(2) of this Agreement, the Executive acknowledges and recognizes the highly competitive nature of the CorporationCompany's Business business and the goodwill, continued patronage, and specifically the names and addresses of the CorporationCompany's Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 5 contracts

Samples: Executive Employment Agreement (Petmed Express Inc), Executive Employment Agreement (International Cosmetics Marketing Co), Executive Employment Agreement (Petmed Express Inc)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the CorporationCompany's Business business and the goodwill, continued patronage, and specifically the names and addresses of the CorporationCompany's Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 4 contracts

Samples: Employment Agreement (Office Centre Corp), Senior Executive Employment Agreement (Jupiter Marine International Holdings Inc/Fl), Executive Employment Agreement (Online Vacation Center Holdings Corp)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the CorporationCompany's Business and the goodwill, continued patronage, and the names and addresses of the CorporationCompany's Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of DirectorsParent Board, the Executive agrees to the following:

Appears in 4 contracts

Samples: Executive Employment Agreement (cbdMD, Inc.), Executive Employment Agreement (Level Brands, Inc.), Executive Employment Agreement (Level Brands, Inc.)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's ’s Business and the goodwill, continued patronage, and the names and addresses of the Corporation's ’s Clients (as hereinafter defined) constitute a substantial asset of the Corporation having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 3 contracts

Samples: Executive Employment Agreement (cbdMD, Inc.), Executive Employment Agreement (Level Brands, Inc.), Executive Employment Agreement (Level Brands, Inc.)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business Company’s business and the goodwill, continued patronage, and specifically the names and addresses of the Corporation's Company’s Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement and that certain Stock Purchase Agreement dated August 9, 2004 (the “Stock Purchase Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors”), the Executive agrees to the following:

Appears in 3 contracts

Samples: Executive Employment Agreement (Segmentz Inc), Executive Employment Agreement (Segmentz Inc), Executive Employment Agreement (Segmentz Inc)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business Company’s business and the goodwill, continued patronage, and specifically the names and addresses of the Corporation's Clients (as hereinafter defined) Company’s clients constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 2 contracts

Samples: Executive Employment Agreement (Gulfstream International Group Inc), Executive Employment Agreement (Gulfstream International Group Inc)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the CorporationCompany's Business business and the goodwill, continued patronage, and specifically the names and addresses of the CorporationCompany's Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, Agreement and as except as may specifically otherwise approved by the Corporation’s Board of Directors, Stock Purchase Agreement the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Segmentz Inc)

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Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business Company’s business and the goodwill, goodwill and continued patronage, and the names and addresses of the Corporation's Clients (as hereinafter defined) patronage constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Gulfstream International Group Inc)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business business and the goodwill, continued patronage, and the names and addresses of the Corporation's Clients (as hereinafter defined) customers and suppliers or vendors with whom the Corporation has done or is endeavoring to do business with constitute a substantial asset of the Corporation having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (SOCIAL REALITY, Inc.)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business Company’s business and the goodwill, continued patronage, and specifically the names and addresses of the Corporation's Company’s Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, Agreement and as except as may specifically otherwise approved by the Corporation’s Board of Directors, Stock Purchase Agreement the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Segmentz Inc)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's Business and the goodwill, and continued patronage, and the names and addresses of the Corporation's Clients (as hereinafter defined) patronage constitute a substantial asset of the Corporation having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Bright Mountain Holdings, Inc./Fl)

Covenant Not to Compete. The Executive acknowledges and recognizes the highly competitive nature of the CorporationCompany's Business business and that the goodwill, continued patronage, and specifically the names and addresses of the CorporationCompany's Clients (as hereinafter defined) constitute a substantial asset of the Corporation Company having been acquired through considerable time, money and effort. Accordingly, in consideration of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors, the Executive agrees to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Petmed Express Inc)

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