Noncompete Term Sample Clauses

Noncompete Term. The "Noncompete Term" shall mean the period commencing on the Effective Date and ending one (1) year following the Executive's voluntary termination of employment. In the event of Executive's involuntary termination without Cause, including termination due to Good Reason, the Noncompete Term (and therefore the restrictions of Section 4.1) shall not apply to Executive unless the Company elects (pursuant to a writing delivered to Executive on or before the date of such termination) to compensate the Executive in accordance with the salary payment terms of this Agreement through December 31, 2005.
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Noncompete Term. The "Noncompete Term" shall commence on the Effective Date and end two years following expiration or termination of the Employee's employment; provided, however, if termination of the Employee is by the Company, subsection (i) of Section 4.1 shall apply only for such portion of the Noncompete Term, if any, during which the Company pays Employee on a monthly basis the Employee's base salary as of the effective date of termination. The Company shall notify the Employee in writing of its election to extend the Noncompete Term as provided in Section 4.1(i) above, and monthly payments shall be made on the first day of each month in arrears (partial months will be paid on a per diem basis).
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Noncompete Term. The "Noncompete Term" shall commence on the Effective date and end on the later of (a) the time period following expiration or termination of the Employee's employment for which the Employee is entitled to any compensation or payments under this Agreement or (b) one year following expiration or termination of Employee's employment with the Company. Upon the termination of this Agreement pursuant to Section 7.1 or 7.2 hereof, the Company shall have the option of paying or continuing to pay severance at 50% of Employee's base salary as of the effective date of termination as consideration for any portion of the one year following termination in which the Employee is not otherwise entitled to compensation or payments under this Agreement as further consideration for the noncompetition agreement contained herein. If not earlier terminated, the Noncompete Term will terminate, after ten days written notice and an opportunity to cure upon a material breach of the Employer's obligations, if any, pursuant to any purchase note given in accordance with Section 4.3 of the Owners' Agreement; provided, however, that Employer shall not be deemed in material breach of its obligatations if it has a good faith belief that Employee is in violation of Article IV or V hereof. Employee further agrees that, in addition to any other remedies, Employer may offset any amounts otherwise payable to Employee pursuant to this agreement or any other agreement between the parties on account of such breach.
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Noncompete Term. The "Noncompete Term" shall mean the period commencing on the Effective Date and ending on the later of: (i) October 1, 2012; (ii) the end of such period that Executive remains employed by the Company; or (iii) the end of any period during which Executive receives severance or salary continuation from the Company following employment.
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Noncompete Term. The “Noncompete Term” shall mean the period commencing on the Effective Date and ending October 1, 2011.
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Noncompete Term. The "Noncompete Term" shall mean the period commencing on the Effective Date and ending six (6) months after the scheduled expiration of the Term of this Agreement of employment. In the event, however, of Executive's involuntary termination without Cause, including termination due to Good Reason, the Noncompete Term (and therefore the restrictions of Section 4.1) shall last for a period of one (1) year following such date of termination or such longer period that the Company elects (pursuant to a writing delivered to Executive within thirty (30) days after the date of such termination) to continue paying the Executive in accordance with the salary payment terms of this Agreement through the scheduled expiration of the Term of this Agreement.
Sample 1

Related to Noncompete Term

  • Noncompetition Period For the purpose of Section 9 of this Section, “Noncompetition Period” shall mean the period of employment hereunder and the period commencing on the date of termination of employment and ending 12 months thereafter. If employee is found to have violated the covenants contained herein during the Noncompetition Period such Noncompetition Period shall be extended for a period equal to the amount of time the Employee is found to have been in non-compliance.

  • Noncompete Provisions (a) The Sub-Adviser hereby agrees that, the Sub-Adviser will:

  • Noncompete, Nonsolicitation (a) The Executive agrees that, during the time he is employed by the Company or any of its Subsidiaries and during any applicable Post-Termination Period (as herein defined) (the “Noncompete Period”), he shall not directly or indirectly own, operate, manage, control, participate in, consult with, advise, provide services for, or in any manner engage in any business (including by himself or in association with any person, firm, corporate or other business organization or through any other entity) in competition with, or potential competition with, the businesses of the Company or any of its Subsidiaries as such businesses (the “Businesses”) exist during the Executive’s employment by the Company, within the United States or any other geographical area in which the Company or any of its Subsidiaries engages or plans to engage in the Businesses (the “Geographical Area”). Nothing herein shall prohibit the Executive from being a passive owner of not more than 2% of the outstanding stock of a corporation which is publicly traded, so long as the Executive has no active participation in the business of such corporation. For purposes of this Section 5, “

  • Non-compete Provision I agree that for the one (1) year period after the date my employment ends for any reason, including but not limited to voluntary termination by me or involuntary termination by Company, I will not, directly or indirectly, as an officer, director, employee, consultant, owner, partner, or in any other capacity solicit, perform, or provide, or attempt to perform or provide Conflicting Services anywhere in the Restricted Territory (as defined below), nor will I assist another person to solicit, perform or provide or attempt to perform or provide Conflicting Services anywhere in the Restricted Territory.

  • Noncompete Agreement For a period of twelve (12) months after any resignation or termination of Executive’s employment for any reason, Executive shall not, directly or indirectly, enter into or engage directly or indirectly in competition with the Company or any subsidiary or other company under common control with the Company, in any fintech business conducted by the Company or any such subsidiary at the time of such resignation or termination, either as an individual on his own or as a partner or joint venturer, or as a director, officer, shareholder, employee, agent, independent contractor, nor shall Executive assist any other person or entity in engaging directly or indirectly in such competition.

  • 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.

  • 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)).

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

  • 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.

  • Consulting Period The consulting relationship will commence on the Separation Date and continue until March 31, 2014 unless terminated earlier pursuant to Section 4(k) below or extended as specifically provided herein or by agreement of you and the Company (the “Consulting Period”).

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