Non-competition and business relations clause Sample Clauses

Non-competition and business relations clause. If a non-competition clause is included in the employee’s employment contract, that clause will lapse if the employment contract is terminated due to redundancy or due to the use of the replacement scheme. If a business relations clause is included in the employee’s employment contract, that clause will remain in force in full during a period of 12 months after the end of the employment contract.
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Non-competition and business relations clause. If a non-competition clause is included in the employee’s employment contract, that clause will lapse if the employment contract is terminated due to redundancy. If the employee resigns during the phase of active mobility, or terminates the employment by making use of the replacement scheme, the non-competition clause will remain in force during a period of 12 months after the end of the employment. If a business relations clause is included in the employee’s employment contract, that clause will remain in force in full during a period of 12 months after the end of the employment contract. Legal assistance Employees can obtain legal advice on the termination of their employment. The bank will contribute an amount of up to EUR 750 excluding VAT towards the costs of legal aid. These costs will only be paid insofar as the costs are invoiced. No contribution will be granted if the employee can claim legal aid pursuant to legal expenses insurance. Severance payment One of the following will apply for employees to whom this Sociaal Plan is applicable, depending on the date on which the employment is terminated owing to redundancy: - The Rabobank Severance Payment (1 January 2017 to 31 December 2017); - The Phasing-down scheme (1 January 2018 to 31 December 2019); - The Rabobank Transition Payment (1 January 2020 to 31 December 2020). In addition, a guarantee scheme applies. The calculation of the payment applicable for the employee is carried out by the employer with the aid of the applicable ‘Calculation models for Rabobank Severance Payment SP 2017-2020, which are available via RaboWeb. Rabobank Severance Payment The Rabobank Severance Payment applies to redundant employees who become redundant on or after 1 January 2017 and whose employment is terminated on 31 December 2017 at the latest owing to redundancy. The Rabobank Severance Payment is calculated on the basis of the following formula: A * B * C. A: Years of service The years of service are weighted as follows: - years of service up to the age of 35 years are multiplied by 0.5; - years of service after the age of 35 years has been reached are multiplied by 1; - years of service after the age of 45 years has been reached are multiplied by 1.5; - years of service after the age of 55 years has been reached are multiplied by 2. B: Income The basis for income has been defined as including only the last-earned gross monthly salary (including the personal allowance and/or shift allowance applicable for the empl...
Sample 1

Related to Non-competition and business relations clause

  • Non-Competition and Non-Solicitation In consideration of the salary paid to the Executive by the Company and subject to applicable law, the Executive agrees that during the term of the Employment and for a period of one (1) year following the termination of the Employment for whatever reason:

  • Confidentiality and Intellectual Property 6.1 You must not disclose to any other person or entity any confidential information belonging to the Group or any of its divisions, customers, suppliers or collaboration partners (including, without limitation, this Contract, specifications, formulae, manufacturing processes, know-how and any technical or economic information) or use such information for any purpose except for the supply of goods and/or services to us or as expressly authorised in writing by us. You must return to us such information and any copies if requested.

  • Competitions (a) Competitions will be held for positions within the Bargaining Unit, which the Company wishes to fill, except for the following:

  • CONFIDENTIALITY AND NON-SOLICITATION (a)Optionee hereby acknowledges that Optionee has or in the future may have access to the Company's trade secrets and proprietary or confidential information developed or acquired by or licensed to the Company, including, but not limited to, information regarding the Company's operations, business plans, customers or prospects, products, computer passwords or other information regarding network or systems access and research and development information, as such trade secrets and proprietary or confidential information may exist from time to time ("Confidential Information"). As consideration for the Option granted to Optionee hereunder, Optionee will not, at any time during Optionee's relationship with the Company, in whole or in part, disclose or cause any other person to disclose the Confidential Information to any other person or entity (except the Company) under any circumstances. In addition, Optionee will not, during the term of Optionee's relationship with the Company, and for a period of one (1) year thereafter, solicit or assist any other person or entity in soliciting any employee of the Company to terminate the employee's employment with the Company under any circumstances.

  • Confidentiality Clause 1. Both parties agree to endeavor to take all reasonable measures to keep in confidence the execution, terms and conditions as well as performance of this Agreement, and the confidential data and information of either party that the other party may know or access during performance of this Agreement (hereinafter referred to as “Confidential Information”), and shall not disclose, make available or assign such Confidential Information to any third party without the prior written consent of the party providing the information.

  • Confidentiality and Non-Use The recipient of a disclosing Party’s Confidential Information shall maintain such Confidential Information in confidence, and shall disclose such Confidential Information only to its employees, agents, consultants, Affiliates, licensors, sublicensees, attorneys, accountants, investors, potential acquirors and advisors who have a reasonable need to know such Confidential Information and who are bound by obligations of confidentiality and non-use no less restrictive than those set forth herein and for whom each Party shall be responsible for any breach of this Section 6. The recipient of the disclosing Party’s Confidential Information shall use such Confidential Information solely to exercise its rights and perform its obligations under this Agreement (including, without limitation, the right to use and disclose such Confidential Information in regulatory applications and filings), unless otherwise mutually agreed in writing. The recipient of the other Party’s Confidential Information shall take the same degree of care that it uses to protect its own confidential and proprietary information of a similar nature and importance (but in any event no less than reasonable care).

  • Confidentiality and Proprietary Rights Executive agrees to read, sign and abide by Company’s Employee Innovations and Proprietary Rights Assignment Agreement, which is provided with this Agreement and incorporated herein by reference.

  • CONFIDENTIALITY AND INTELLECTUAL PROPERTY RIGHTS 3.1 Any License Key to the Software is the confidential information of Wowza.

  • Non-Competition a. Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and its affiliates and accordingly agrees as follows:

  • Confidentiality and Non-Disclosure The Executive hereby agrees at all times during the term of the Employment and after his termination, to hold in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, corporation or other entity without prior written consent of the Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary or confidential information of the Company, its affiliates, or their respective clients, customers or partners, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers, supplier lists and suppliers, software developments, inventions, processes, formulas, technology, designs, hardware configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, franchisees, distributors and other persons with whom the Company does business, information regarding the skills and compensation of other employees of the Company or other business information disclosed to the Executive by or obtained by the Executive from the Company, its affiliates, or their respective clients, customers or partners, either directly or indirectly, in writing, orally or otherwise, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no fault of the Executive.

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