Covenant Not to Compete means an agreement:

Covenant Not to Compete means a covenant or agreement, including a provision of a contract of employment, between an employer and employee that restrains, prohibits, or otherwise restricts an individual’s ability, following the termination of the individual’s employment, to compete with his former employer. A “covenant not to compete” shall not restrict an employee from providing a service to a customer or client of the employer if the employee does not initiate contact with or solicit the customer or client.

Covenant Not to Compete means a covenant or agreement, including a provision of a contract of

Examples of Covenant Not to Compete in a sentence

He points out that Israeli data for the time-period he considers are particularly interesting because they rule out some explanations of the relation given in studies using U.S. data.
Covenant not to compete not upheld because pricing rather than personal contacts predominated in this market and prices were set by large institutions.
VailSchneider, Smeltz Ranney & LaFond P.L.L.1111 Superior Ave Suite 1000Cleveland, OH 44114 jvail@ssrl.com 216-696-4200 Covenant not to compete; Covenant to not solicit customers, prospects or employees; Covenant to not disclose proprietary information.
As of June 30, 2006 As of December 31, 2005 Carrying Accumulated Carrying Accumulated Amount Amortization Net Amount Amortization Net Covenant not to compete$ 140 $ 51 $ 89 $ 1,634 $ 1,491 $ 143Customer relationships16,300 1,992 14,308 17,371 2,491 14,880Corporate tradename2,500 306 2,194 2,652 370 2,282Total $ 18,940 $ 2,349 $ 16,591 $ 21,657 $ 4,352 $ 17,305 Amortization expense from continuing operations for the three months ended June 30, 2006 and 2005 was $320,000.
Other intangibles are comprised of the following as of December 31, 2001: Covenant not to compete$ 150,000Copy Rights 17,500 167,500Less- Accumulated depreciation (3,368) $ 164,1325.

More Definitions of Covenant Not to Compete

Covenant Not to Compete. (a) During the Executive’s employment and for a period of two (2) years following the last day of the Executive’s employment, the Executive will not, directly or indirectly, compete with the Company by acting “in a competitive capacity” (as defined in Section 8.2(c)), whether as an individual, partner, or joint venturer, for, or on behalf of, any person or entity operating or developing the same or similar business as the Company within any Metropolitan Statistical Area (as defined under applicable regulations of the Census Bureau of the U.S. Department of Commerce) in which the Company has a business location or in which the Company is engaged in real estate site selection. Entities (including the affiliates of such entities) engaged, or which could become engaged, in the same or similar business as the Company include, but are not limited to: Sonic Automotive, Inc.; Lithia Motors, Inc.; Group 1 Automotive, Inc.; UnitedAuto Group; AutoNation, Inc.; Penske Motors; Xxxxxx Automotive Group; Price One; Xxxxxxxx Automotive Group; CarMotive; Saturn Group; Hertz; Enterprise; and any automotive retail operation affiliated with, owned, operated, or controlled by Home Depot, Inc., Xxxx’x Companies, Inc., Target Corporation, Wal-Mart Stores, Inc., Sears, Xxxxxxx and Company, Carrefour, Costco Wholesale Corporation, Royal Dutch/Shell Group of Companies, Exxon Mobil Corporation, ChevronTexaco Corp., or Gulliver International Co., Ltd.

Covenant Not to Compete is defined in Section 5.10.

Covenant Not to Compete means, collectively, the covenants of Seller set forth in Section 10.5 hereof.

Covenant Not to Compete means an agreement between a

Covenant Not to Compete. The restrictions described in Section 1(a) are intended to cover geographic territory where your knowledge of the Corporation’s trade secrets could be used by a Restricted Company to unfairly compete with or undermine the Corporation’s legitimate business interests.

Covenant Not to Compete also means an agreement between

Covenant Not to Compete means the noncompetition covenant set forth in Section 10 of the Stockholders Agreement or (if an Awardee is not a party thereto) otherwise applicable to the Awardee and the Company or its Subsidiaries.