Non-Compete Provisions. IMPORTANT: The following covenants are made by Awardee in exchange for good and valuable consideration, including but not limited to the opportunity to receive the Units as set forth more fully above. Such covenants were material inducements to the Company in deciding to invest in Awardee, to award said Units, and in entering into this Agreement. Awardee understands that a violation of this Section may result in, among other things, forfeiture of Units/Acquired Shares and/or repayment to the Company of the value thereof. For purposes of this Section 16, references to the “Company” shall include any and all affiliates of the Company with which Awardee was employed during the relevant time period(s); and the termination date of Awardee’s employment shall be the date Awardee is no longer employed by the Company or any of its affiliates.
Non-Compete Provisions. The following covenants are made by Employee in partial consideration for the substantial economic investment made by the Company in the employment, education and training of Employee and the compensation and other benefits afforded by the Company to the Employee. Such covenants were material inducements to the Company in deciding to invest in Employee and giving Employee access to the Company’s Trade Secrets and Confidential Information.
Non-Compete Provisions. As a non-employee consultant, you agree that, among other policies and guidelines, the GTE Conflict of Interest Guidelines and the Business and Scientific Information Policy or replacement policies will apply to you. In addition, you agree not to Mr. Xxxxxxx X. Xxxxxx December 24, 1997 Page 5 engage directly or indirectly in a Competitive Business during the Consulting Period, unless the Company approves such an arrangement in writing in advance. For purposes of this paragraph B.7, a "Competitive Business" is any inter-exchange carrier (such as MCI Communications Corporation, Sprint Corporation, AT&T Corp., WorldCom, Inc., LCI International, Inc., and Cable & Wireless PLC) and its Affiliates, any local exchange carrier (such as any Regional Bell Xxxrating Company ("RBOC") and British Telecommunications PLC) and its Affiliates, or any of the following companies and their Affiliates: Digex, Incorporated, Qwest Communications International Inc., Netscape Communications Corporation, Cisco Systems, Inc., Ascend Communications, Inc., Airtouch Communications, Inc., NEXTEL Communications, Inc., and Teleport Communications Group, Inc. An Affiliate for purposes of this paragraph B.7 shall mean any entity, whether or not incorporated, (i) in which a Competitive Business has equity ownership of 10% or more, or (ii) which provides goods or services (including but not limited to software, processing, switching, marketing, or consulting) to a Competitive Business to materially compete with GTE. You acknowledge that the obligations imposed on you pursuant to this paragraph B.7 are reasonable in their nature, scope and duration and will not deprive you of the opportunity to earn a livelihood. During and after the Consulting Period, you also will remain subject to those GTE policies which apply following termination of service. Subject to paragraph B.8, in consideration of your compliance with the provisions of this paragraph B.7, the Company will pay to you $25,000 per quarter payable in arrears, commencing with the quarter beginning July 1998 and ending with the quarter ending June 2000 (or such later date as the parties may agree in writing). If you fail to comply with the provisions of this paragraph B.7, you will forfeit your right to receive the payments described in this paragraph B.7.
Non-Compete Provisions. (a) Employee acknowledges and agrees that, the business of Verso Paper and its customers is worldwide in scope, Verso Paper’s competitors and customers are located throughout the world, and Verso Paper’s strategic planning and Research and Development activities have application throughout the world and are for the benefit of customers and Verso Paper’s business throughout the world, and therefore, the restrictions on the Employee’s competition after employment as described below apply to anywhere in the world in which Verso Paper or its subsidiaries are doing business. Employee acknowledges that any such competition within that geographical scope will irreparably injure Verso Paper. Employee acknowledges and agrees that, for that reason, the prohibitions on competition described below are reasonably tailored to protect Verso Paper.
Non-Compete Provisions. PAYLESS agrees that the provisions of Section 5 of the Employment Agreement do not apply after the Effective Date.
Non-Compete Provisions. Tenant acknowledges that if Tenant does not elect to exercise its options to extend the Term of the Master Lease for the Fourth Renewal Term or the Fifth Renewal Term, Landlord will need to sell the Leased Properties or find a new operator to lease the Leased Properties. The then market value of the Leased Properties may be influenced by the existence of competing senior housing facilities, as defined herein, located in the proximity of the Leased Facilities. In consideration of Landlord’s lease of the Leased Properties to Tenant, Tenant agrees to the following non-compete provisions:
Non-Compete Provisions. IMPORTANT: The following covenants are made by Awardee in exchange for good and valuable consideration, including but not limited to the opportunity to receive the Units as set forth more fully above. Such covenants were material inducements to the Company in deciding to invest in Awardee, to award said Units, and in entering into this Agreement. For purposes of this Section 17, references to the “Company” shall include any and all affiliates of the Company with which Awardee was employed during the relevant time period(s); and the termination date of Awardee’s employment shall be the date Awardee is no longer employed by the Company or any of its affiliates.
Non-Compete Provisions. The Executive agrees that throughout the Executive’s employment with the Corporation and for a period of one (1) year following the termination of that employment (regardless of whether such termination is voluntary, involuntary or otherwise), the Executive shall not:
Non-Compete Provisions. In the event of the Employee's termination of employment following a Change in Control, and the Employee becomes entitled to compensation and benefit payments under Section 2.6 of this Agreement, the Employee agrees not to compete with the Company, pursuant to the following terms and conditions. For a period of nine months following the Termination Date, the Employee shall not engage in any employment activity or directly or indirectly own (except for passive investments in which the Employee owns less than a 5% ownership interest), manage, operate, control or be employed by, participate in or be connected in any manner with the ownership, operation or control of any business that provides commercial, retail or mortgage lending services or sells financial products or services, which are competitive with or substantially similar to the commercial, retail, mortgage, trust, investment or insurance services or products of the Company, its subsidiaries and other affiliates, at any location in the States of Michigan, Indiana and Illinois. If any court shall determine that the duration or geographical limit of any restriction contained in this covenant not to compete (the "Covenant") is unenforceable under applicable law, this Covenant shall not thereby be terminated, but shall be deemed amended to the extent required to render it valid and enforceable, such amendment to apply only with respect to the operation of the Covenant in the jurisdiction of the Court that has made such determination. Other than amendments that are deemed to be made pursuant to the preceding paragraph of this Agreement, no change or modification of this Covenant shall be valid unless the same be in writing and signed by the Company and Employee. Upon a breach by Employee of this Covenant, the Company shall be entitled to recover, as liquidated damages, three-fourths (3/4) times the greater of the Employee's annual base salary in effect on the date of the Termination Date or the Employee's base salary in effect immediately prior to the date of the Change in Control. This amount shall be deducted from the payments due to the Employee pursuant to Section 2.6 of this Agreement. In the event that all payments pursuant to Section 2.6 have been made to the Employee, the Employee shall pay the aforementioned amount to the Company. If any legal action or proceeding is brought for the enforcement of this Covenant, or because of an alleged dispute, breach, default or misrepresentation in connection ...
Non-Compete Provisions a. For the purpose of this Non-Competition Agreement, Competitive Activities are:
