Non-competition by the Employee Sample Clauses

Non-competition by the Employee. (1) The Employee hereby irrevocably represents and warrants that during the period of the Employee’s employment with the Company and within two (2) years after the Employee leaves his/her post, without regard for the reason, the Employee shall not, directly or indirectly, and whether or not for compensation, either on his or her own behalf or as an employee, officer, agent, consultant, director, owner, partner, shareholder, investor, or in any other capacity (except in the capacity of an employee of the Company acting for the benefit of the Company):
Sample 1Sample 2
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Non-competition by the Employee. During the term of his employment under this Agreement, the Employee shall not directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage or participate in any banking, insurance or financial services business (other than with the Employer, the Company or a successor or affiliate of either) doing business within a twenty-five (25) mile radius of the existing office of the Employer in the City of El Cajon. However, the Employee shall not be deemed to breach this provision by (i) owning less than 5% of the outstanding voting shares of any company traded on a recognized national exchange or quoted on the NASDAQ National Market System or (ii) owning any shares in a mutual fund or other investment vehicle over which the Employee has no discretionary trading authority.
Sample 1
Non-competition by the Employee. Employee acknowledges that: (i) the Corporation is and will continue to be engaged in the Business; (ii) Employee is one of a limited number of persons who is primarily responsible for the conduct, management, operation, and development of the Business by the Corporation; (iii) the Corporation is and will be actively engaged in the Business, throughout the United States, Europe, and elsewhere; (iv) Employee occupies a position of trust and confidence with the Corporation, and is familiar with the Corporation’s (and its subsidiaries’ and portfolio companies’) trade secrets and with other proprietary and confidential information concerning the Corporation (and its subsidiaries and portfolio companies) and the Business (and the business of its subsidiaries and portfolio companies); (v) the agreements and covenants contained in this Non-competition Agreement are essential to protect the Corporation and the goodwill of the Business and are a condition precedent to the Company entering into the Agreement and consummating the Transaction pursuant to the Agreement; (vi) Employee’s employment with the Corporation has special, unique, and extraordinary value to the Corporation and the Corporation would be irreparably damaged if Employee were to provide services to any Person in violation of the provisions of this Non-competition Agreement; and (vii) Employee has means to support Employee and Employee’s dependents other than by engaging in the Business, or a business similar to the Business, and the provisions of this Non-competition Agreement will not impair such ability. Accordingly, the Employee covenants and agrees as follows:
Sample 1

Related to Non-competition by the Employee

  • Termination by the Employee The Employee may terminate his employment under this Agreement at any time upon not less than thirty days prior written notice to the Company. The Company may, however, elect to accelerate the date of termination. In the event of such a termination, the Company shall be required to pay to the Employee:

  • Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):

  • Voluntary Termination by the Executive Notwithstanding anything in this Agreement to the contrary, the Executive may, upon not less than thirty (30) days' written notice to the Company, voluntarily terminate employment for any reason (including retirement under the terms of the Company's retirement plan as in effect from time to time).

  • Voluntary Termination by the Employee The Employee may voluntarily terminate the Employee's status as employee for other than Good Reason.

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • Termination by the Employer The Employer may terminate the Employment Period (i) immediately upon the delivery of a Notice of Termination (as defined in Section 4.01(d) of this Agreement) by the Employer to the Executive setting forth the facts that indicate that a determination has been made that the Executive has a Disability in accordance with Section 4.02 of this Agreement; (ii) immediately upon delivery of a Notice of Termination by the Employer to the Executive setting forth the facts that indicate that an event constituting Cause (as defined in Section 4.03 of this Agreement) has occurred, or on such later date as may be set forth in such Notice of Termination; or (iii) at any time without Cause effective as of the 30th day following the delivery of a Notice of Termination by the Employer to the Executive, or on such later date as may be set forth in such Notice of Termination.

  • Termination by the Employer for Cause The Executive’s employment under this Agreement may be terminated for Cause (as defined below) on the part of the Employer effective upon a vote of the Board of Directors, prior to which the Employer shall have given the Executive ten (10) days prior written notice and the opportunity to be heard on such matter at a meeting of the Board. Only the following shall constitute “Cause” for such termination:

  • Termination by the Employee for Good Reason The Employee may terminate this Agreement at any time upon the occurrence of any of the following events (each a "Good Reason"), if such occurrence takes place without the express written consent of the Employee:

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