Covenant Not to Compete and Related Covenants. (a) During the term of this Agreement and throughout any further period that he is an employee of the Corporation, and for the longer of:
Covenant Not to Compete and Related Covenants. (a) To further ensure that Buyer receives the expected benefits of acquiring the Acquired Assets, each Seller agrees that (subject to the other terms of this Section 5.8), throughout the period that begins at the Effective Time and ends on the second anniversary of the Closing Date (but excluding any period between the Effective Time and the occurrence of Closing, in the case where the Effective Time precedes Closing), such Seller will not, and such Seller will cause each of its Subsidiaries not to, directly or indirectly,
Covenant Not to Compete and Related Covenants. (a) This Section 9(a) shall cease to apply if (i) Executive’s employment with the Corporation is terminated for “Cause,” as defined in Section 7(e) of this Agreement, or (ii) if the Agreement terminates under Section 2, at the end of its three-year term, without Executive’s having become entitled to payment under Section 7. Except as provided in the preceding sentence, during the term of this Agreement and throughout any further period that he is an employee of the Corporation, and for the longer of:
Covenant Not to Compete and Related Covenants. (a) To further ensure that Buyer receives the expected benefits of acquiring the Business, each Seller (the “Non-Compete Parties”) agrees that (subject to the other terms of this Section 5.6), throughout the period that begins at the Effective Time and ends on the third anniversary of the Closing Date (the “Non-Compete Period”), the Non-Compete Parties will not, and the Non-Compete Parties will cause each Affiliate controlled by the applicable Non-Compete Party not to, directly or indirectly:
Covenant Not to Compete and Related Covenants. (a) To further ensure that Buyer receives the expected benefits of acquiring the Business, the Company and each Seller agrees that (subject to the other terms of this Section 5.7), throughout the period that begins at the Effective Time and ends on the fifth anniversary of the Closing Date (the “Non-Compete Period”), the Company and each Seller will not, and the Company and each Seller will cause each Affiliate of the Company and such Seller not to, directly or indirectly,
Covenant Not to Compete and Related Covenants. (a) During the term of this Agreement and throughout any further period that he is an officer of the Corporation, and for a period of (x) twenty-four (24) months from and after the date that Executive is (for any reason) no longer employed by the Corporation or (y) for a period of twenty-four (24) months from the date of entry by a court of competent jurisdiction of a final judgment enforcing this covenant in the event of a breach by Executive, or (z) for as long as Executive is receiving payments under Section 8(d)(1), whichever is longer, Executive covenants and agrees that he will not, directly or indirectly, either for herself or as a principal, agent, employee, employer, stockholder, co-partner or in any other individual or representative capacity whatsoever provide Competitive Services (as defined in Section 10(g)) to any bank or bank holding company with its principal office in Rockingham County, Augusta County, or Albemarle County, Virginia, or any city or town located within the boundaries of any such county.
Covenant Not to Compete and Related Covenants. (a) During the Restricted Period, Employee covenants and agrees that he will not (except pursuant to this Agreement) engage in Competitive Activity anywhere within a five (5) mile radius of any office operated by the Corporation, its subsidiaries and/or affiliates on any date on which the conduct at issue occurs. Notwithstanding the foregoing, the restrictions imposed by this Section 10 shall cease to apply in the event of termination without Cause or resignation for Good Reason within 12 months following a Change of Control. For purposes of this Section 10, Competitive Activity means performing services as the senior credit or lending officer of a bank or financial institution offering banking and financial products and services substantially similar to those offered by the Corporation on any date on which the conduct at issue occurs.
Covenant Not to Compete and Related Covenants. For four (4) months after the Separation Date, you hereby acknowledge and agree to refrain from certain solicitation and competitive activities and to comply with your obligations under Section 19(a)-(j) of your Employment Agreement. A copy of your Employment Agreement is attached hereto as Exhibit A, and Section 19(a)-(j) of the Employment Agreement is incorporated by reference as if fully set forth herein.
Covenant Not to Compete and Related Covenants. (a) During the Restricted Period, Employee covenants and agrees that he will not (except pursuant to this Agreement) engage in Competitive Activity anywhere within a five (5) mile radius of any office operated by the Bank on the date of Employee’s termination of employment. Notwithstanding the foregoing, the restrictions imposed by this Section 10 shall cease to apply in the event of termination without Cause or resignation for Good Reason within 12 months following a Change of Control. For purposes of this Section 10, Competitive Activity means performing services as senior executive officer of a bank or financial institution offering banking and financial products and services substantially similar to those offered by the Corporation on any date on which the conduct at issue occurs.
Covenant Not to Compete and Related Covenants. (a) From the Closing Date through the fifth anniversary of the Closing Date (the “Restricted Period”), neither Seller nor the Shareholder will, directly or indirectly (including through any Affiliates), own, operate, invest in, lend money to, consult with, manage, act as an agent for, or otherwise engage in any business anywhere in the United States that develops, manufactures, markets and sells vest products designed to provide airway clearance therapy (the “Restricted Business”); provided that nothing herein shall prohibit Seller, the Shareholder or any of their respective Affiliates from (i) owning or holding less than 2% of the outstanding shares of any class of stock of a publicly traded company that operates in the same industry as the Restricted Business and whose stock is traded on a recognized domestic or foreign securities exchange or over-the-counter market, or (ii) performing the Seller’s obligations under the Transition Services Agreement.
