Non Competition Commitment Sample Clauses

Non Competition Commitment. Amiram hereby covenants and agrees not to compete with VSUS (or with any current or future affiliate of VSUS), directly or indirectly, with respect to the particular business of providing business economic news and current business information to subscribers via email, instant messaging, or other method of electronic distribution, from the date hereof through December 31, 2006. For the sake of clarity, and without limitation, the current business of Amiram, being the provision of special email systems and functions to businesses and other enterprises, shall not be considered competitive with that business. In addition, competitive activity on the part of any third party, not affiliated with Amiram, whose email system is hosted by a company majority owned or controlled by Amiram, but to which Amiram has not provided substantive consulting or advice with respect to proprietary information of VSUS or any affiliate of VSUS, shall not be imputed or otherwise deemed activity of Amiram for purposes hereof. Other than the aforesaid covenant, neither Amiram nor the Amiram Employees (as defined in Section 5 hereof) shall be restricted in any way from competing with VSUS or with any affiliate of VSUS, any non-competition agreement or similar agreement between them is hereby declared to be terminated, effective immediately.
Sample 1Sample 2
AutoNDA by SimpleDocs
Non Competition Commitment. 5.1 When the Agreement is signed, the Senior Management Personnel shall sign with the Company the employment contract, confidentiality agreement and non-competition agreement (the form of the non-competition agreement between the Company and Yun Yxxx xx xhown in Appendix V) to the satisfaction of the Investors, promising not to undertake any business in direct or indirect competition with the Company’s business, directly or indirectly solicitate the Company’s employees, suppliers, customers, etc., or directly or indirectly control or hold the shares of any enterprise that directly and indirectly competes with the Company, during the service with the Company and within three (3) years after resigning from the Company for any reason, personally or through its related parties in any other way (including the direct or indirect form of individuals, enterprises and relatives worldwide, including but not limited to British Virgin Island, British Cayman Islands and the People’s Republic of China (including Hong Kong Special Administration Region, Macao Special Administrative Region and Taiwan Region)).
Sample 1
Non Competition Commitment. Prior to Completion of the Capital Increase, the Existing Shareholders and the Senior Management Personnel shall sign with the Company the Confidentiality Agreement in the form of the non-competition agreement shown in Appendix IV, promising not to undertake any business in direct or indirect competition with the Company’s business or directly or indirectly solicitate the Company’s employees, suppliers, customers, etc.
Sample 1
Non Competition Commitment. The Seller hereby undertakes for a period of five (5) years from the Closing Date, without the written consent of the Buyer, not to engage in the production or sale of any products manufactured and/or sold by the Company on the Closing Date. Seller undertakes to cause other companies from time to time belonging to the Metso Group to abide by the terms of this non-competition commitment.
Sample 1
Non Competition Commitment. Party B hereby promises that during the term of this Agreement and for the next three years, Party B will not have direct business relations with Party A's cooperative educational institutions and Party A's customer units without Party A's prior written consent.
Sample 1
Non Competition Commitment. 7.1 After the reorganization, the business scope of Aoyu Deep Processing does not compete with the target group; The seller and the guarantor promise that Aoyu Deep Processing will not engage in any business that may compete with the target group from the effective date of this agreement.
Sample 1
Non Competition Commitment. Party A acquires the target company for the sake of industrial expertise possessed by original company’s shareholders and also for the purpose to enhance such advantages of the target company to achieve a larger and stronger operational size operation, therefore, requires all the related parties to commit to fully concentrated efforts for the business development of the new company. Such shareholders should focus on the development of the target company, and should not engage in business activities having competition with the target company.
Sample 1
AutoNDA by SimpleDocs
Non Competition Commitment. 10.1 Non-competition Commitment Party B and Party C hereby undertake that, as of the date of incorporation of the Company, unless the Company acts as the direct or indirect investor, their spouse and their immediate relatives ("Non-competition Obligor"), and other business entities controlled or interested in by any Non-competition Obligor, will not, singularly or jointly with any third party, or through or on behalf of any third party, directly or indirectly engage in or be involved in any business which is being engaged by the Company, or any business or activity competing or conflicting with the business of the Company ("Competing Business"), or has any financial interest in any Competing Business, or any person or entity who is engaging in any Competing Business. "Immediate Relatives" mentioned above shall refer to Party B's or Party C's spouse, or his/her or his/her spouse's parents, grandparents, children, grandchildren, siblings, uncles, aunts, nephews and nieces.
Sample 1
Non Competition Commitment 
Sample 1Sample 2Sample 3See All (9)

Related to Non Competition Commitment

  • Non-Competition Agreement (a) Subject to Sections 5(d) and (f) and Section 12, Employee will not, during the period of his employment by or with the Company, and for a period of two (2) years immediately following the termination of his employment with the Company, for any reason whatsoever, directly or indirectly, for himself or on behalf of or in conjunction with any other person, company, partnership, corporation, business or entity of whatever nature:

  • Non Competition Confidentiality 4.1 During the term of this Agreement, the Executive may make passive investments in companies involved in industries in which the Company operates, provided any such investment does not exceed a 5% equity interest, unless Executive obtains consent to acquire an equity interest exceeding 5% by a vote of a majority of the directors.

  • 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:

  • Non-Competition; Non-Solicitation; Confidentiality (a) While the Recipient is employed by the Company and for a period of one (1) year after the termination or cessation of such employment for any reason (the “Restricted Period”), the Recipient will not directly or indirectly:

  • Non-Competition Period The "non-competition period" shall begin on January 1, 2011 and shall end twelve (12) months after the Employee’s termination of employment; provided, however, that the “non-competition period” shall end on the date Employee’s employment ends in the event of Employee’s termination for “good reason” (as defined in paragraph 6(d)), or Employee’s termination without “cause” (as defined in paragraph 3(d)).

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

  • Employment and Non-Competition Agreements The employees of Target set forth on Schedule 5.17 shall have accepted employment with Acquiror and shall have entered into an Employment and Non-Competition Agreement substantially in the form attached hereto as Exhibits H-1, et. seq.

  • Confidentiality; Non-Competition (a) Executive agrees that he will not, at any time during or after the Term, other than in the ordinary course of performing his duties for the Company, make use of or divulge to any other person, firm or corporation any trade or business secret, process, method or means, or any other confidential information concerning the business or policies of the Company, which he may have learned in connection with his employment. For purposes of this Agreement, a “trade or business secret, process, method or means, or any other confidential information” shall mean and include written information reasonably treated as confidential or as a trade secret by the Company. Executive’s obligation under this Section 4.3(a) shall not apply to any information which (i) is known publicly (including information known publicly within the relevant trade or industry); (ii) is in the public domain or hereafter enters the public domain without the fault of Executive; (iii) is known to Executive prior to his receipt of such information from the Company, as evidenced by written records of Executive; or (iv) is hereafter disclosed to Executive by a third party not under an obligation of confidence to the Company. Executive agrees not to remove from the premises of the Company, except as a director or an employee of the Company in the performance of his duties for the Company and its affiliates or except as specifically permitted in writing by the Company, any document or other object containing or reflecting any such confidential information. Executive recognizes that all such documents and objects, whether developed by him or by someone else, will be the sole exclusive property of the Company. Upon termination of his employment hereunder, Executive shall forthwith deliver to the Company all such confidential information, including without limitation all lists of customers, correspondence, accounts, records and any other documents or property made or held by him or under his control in relation to the business or affairs of the Company, and no copy of any such confidential information shall be retained by him; provided, however, that nothing herein shall prevent Executive from retaining (i) his papers and other materials of a personal nature, including, without limitation, photographs, correspondence, personal diaries, calendars, personal files and phone books, (ii) information showing his compensation or relating to reimbursement of his business expenses, (iii) information that is necessary for tax purposes, and (iv) copies of plans, programs, policies and agreements relating to his employment, or termination thereof, with the Company and its affiliates. Anything herein or elsewhere to the contrary notwithstanding, the provision of this Section 4.3(a) shall not apply (i) when disclosure is required by law or by any court, arbitrator, mediator or administrative or legislative body (including any committee thereof) with jurisdiction to order Executive to disclose or make accessible any information or (ii) with respect to any other litigation, arbitration or mediation involving this Agreement or any other agreement between the parties, including, without limitation, the enforcement of such agreements.

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

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!