Buyers’ Non-Compete Sample Clauses

Buyers’ Non-Compete. Each Buyer hereby agrees, on its behalf and on behalf of its Affiliates (including the Target Companies and the Target Subsidiaries), that, for a period of three years following the Closing Date, it shall not, and shall cause its Affiliates not to, engage directly or indirectly, in any business activity or enterprise that would compete in any way with the business conducted by Sellers’ Parent and its Affiliates at their Pottsville, Pennsylvania facility in connection with the monolayer cast film and blown film packaging lines and associated assets therein and the business and operations associated therewith.
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Buyers’ Non-Compete. 70 9.4 Severability ................................................. 72 TABLE OF CONTENTS (continued)
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Buyers’ Non-Compete. From and after the Closing Date, each Buyer shall ------------------ not, and shall cause each of the Purchased Entities and the Subsidiaries and Affiliates of Buyers and/or the Subsidiaries and Affiliates of the Purchased Entities from time to time to not, directly or indirectly, individually or collectively, engage in any Buyer Competitive Activity during the Covered Period; provided, however, that, notwithstanding the -------- ------- foregoing, (a) neither Buyer and none of their respective Subsidiaries and Affiliates shall be deemed to be engaged in a Buyer Competitive Activity solely by virtue of the ownership of less than twenty percent (20%) of the outstanding voting securities or debt securities of any Person of which it (and its Affiliates) do not have voting or day-to-day operational control and the equity or debt securities of which are traded on an United States or foreign stock exchange or quoted on the National Association of Securities Dealers Automated Quotation System; and (b) either Buyer or any of their respective Subsidiaries or Affiliates may acquire a security or other interest of any kind, magnitude, or proportion, whether by subscription, agreement, partnership or otherwise in a Person or business engaged in a Buyer Competitive Activity if (i) in the fiscal year immediately preceding the acquisition, the revenues of such Person or business from the acquired Buyer Competitive Activities do not exceed fifteen percent (15%) of the total revenues of such Person or business and (ii) the aggregate revenues during any fiscal year during the Covered Period derived from Buyer Competitive Activities of all Persons and businesses acquired in accordance with this Section Error! Reference source not found. are not reasonably expected to exceed after giving pro forma effect to the acquisition of such Person or business, $100,000,000 or, if reasonably expected to exceed $100,000,000, that portion of such Person or business engaged in a Buyer Competitive Activity is disposed of within six (6) months of its acquisition and (iii) the Person acquiring such Person or business agrees in writing with Seller Parent not to take any actions out of the ordinary course that would have the effect of expanding the amount of Buyer Competitive Activities carried out by such Person or business for the balance of the Covered Period. For purposes of this Section 9.3, "Buyer Competitive Activity" shall mean -------------------------- the manufacture or sale of carbo...
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Buyers’ Non-Compete. (i) As additional consideration for Seller's agreement to sell the Acquired Assets, Buyer has agreed to the noncompetition provision set forth in subparagraph (ii) below (the "
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Buyers’ Non-Compete. For a period of five (5) years following the Closing Date, none of Target, Buyer or any of their respective Affiliates shall own or operate any retail mattress store within 25 miles of any retail mattress store operated by Seller or by any Affiliate of Seller.
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Related to Buyers’ Non-Compete

  • Non-Solicitation/Non-Compete Executive hereby covenants and agrees that, for a period of one (1) year following his termination of employment with the Bank (other than a termination of employment following a Change in Control), Executive shall not, without the written consent of the Bank, either directly or indirectly:

  • Non-Compete/Non-Solicit Except as described in the Registration Statement, the Statutory Prospectus and the Prospectus, to the Company’s knowledge, none of the Sponsor, officers, directors or director nominees of the Company is subject to a non-competition agreement or non-solicitation agreement with any employer or prior employer that could materially affect its, his or her ability to be and act in the capacity of shareholder, officer or director of the Company, as applicable.

  • Non-Compete During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

  • Confidentiality Non Competition Non Solicitation A. The Executive acknowledges that:

  • Non-Competition; Non-Solicitation; Non-Disparagement Arrow and its Affiliates are engaged in the businesses of banking, lending, trust operations and providing financial, property, casualty and health insurance and investment adviser services and products (collectively, the “Business”). As a senior executive, Executive provides services that are unique, special and/or extraordinary to the Business in which Arrow and its Affiliates engage, and have access to and will learn of trade secrets of Arrow and its Affiliates and confidential information pertaining to their customers. The provisions of Paragraphs 9 and 10 are agreed by the parties to be reasonable and necessary to protect the goodwill of Arrow’s and its Affiliates’ Business, the good will of special/long-term customer relationships, Arrow’s and its Affiliates’ confidential information and trade secrets (including but not limited to information concerning their customers, marketing studies, marketing strategies, acquisition plans, costs, personnel and financial performance) and confidential customer information and to protect against unfair competition by an employee whose services are special, unique and/or extraordinary to the Business of Arrow and its Affiliates and their long-term success. Accordingly, the Executive agrees as follows:

  • Confidentiality, Non-Solicitation and Non-Compete The Participant agrees to, understands and acknowledges the following:

  • Non-Solicitation; Non-Competition (a) Executive agrees that, during the Term and until nine (9) months after the termination of his employment, Executive will not, directly or indirectly, including on behalf of any person, firm or other entity, employ or actively solicit for employment any employee of the Company or any of its Affiliated Entities, or anyone who was an employee of the Company or any of its Affiliated Entities within the nine (9) months prior to the termination of Executive’s employment, or induce any such employee to terminate his or his employment with the Company or any of its Affiliated Entities.

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

  • Non-Solicitation and Non-Compete The Executive agrees that,

  • Non-Compete, Non-Solicitation Except as described in the Statutory Prospectus and the Prospectus, to the Company’s knowledge, none of the Sponsor, directors or officers of the Company is subject to a noncompetition agreement or non-solicitation agreement with any employer or prior employer that could materially affect its, his or her ability to be and act in the capacity of shareholder, officer or director of the Company, as applicable.

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