Noncompetition and Nonsolicitation by Seller Sample Clauses

Noncompetition and Nonsolicitation by Seller. (a) For a period of twenty (20) years from and after the Closing, neither the Seller nor any of its Affiliates, will directly or indirectly, or as an owner, partner, employee, consultant or participant in any business entity, engage in or assist any other person to engage in any business which competes with the Business , as currently conducted, anywhere in the world. Additionally, for a period of three (3) years from and after the Closing, neither the Seller nor any of its Affiliates, will directly or indirectly, solicit for employment any Transferred Employee who is an employee of the Buyer, except to the extent that solicitation occurs as a result of advertisements or other general employment solicitations by or on behalf of the Seller. The covenants contained in this Section 5.6(a) in respect of Seller’s Affiliates shall not apply to Kokusai Electric Semiconductor Service Inc. in Japan or to Kokusai Electric Europe GmbH (“KEE”) in Europe which is bound by a similar covenant set forth in Section 5.6(a) of an Asset Purchase Agreement dated the date hereof (the “KEE Agreement”) by and between the Buyer and KEE (the “KEE Agreement”).
Sample 1
AutoNDA by SimpleDocs
Noncompetition and Nonsolicitation by Seller. (a) Except as provided in Sections 9.3(c) and 9.3(d) below, for a period of two (2) years following the Closing Date (the "Non-Compete Period"), neither Seller nor any of its Affiliates shall (for their own account or for the benefit of any other Person without the prior written consent of Purchaser), directly or indirectly, as a principal or solely or jointly with others, or as stockholders, partners, members or other owners in or of any Person, (i) underwrite any RSUI-Produced Insurance Contract (provided, however, that Seller and its Affiliates shall not be prohibited by this Section 9.3(a)(i) from underwriting any RSUI-Produced Insurance Contract if RSUI has tendered written notice of non-renewal of such RSUI-Produced Insurance Contract and RSUI has not offered to place the subject contract either in an insurance company affiliated with Purchaser or with a Royal Insurer Affiliate), or (ii) accept any risk in the United States placed through a wholesale broker for a policy of insurance of a type underwritten by RSUI as of the Closing Date.
Sample 1
Noncompetition and Nonsolicitation by Seller. (a) For a period of three (3) years from and after the Closing, neither the Seller nor any of its subsidiaries, will directly or indirectly, or as an owner, partner, employee, consultant or participant in any business entity, engage in or assist any other person to engage in any business which competes with the Business, as currently conducted, in those countries in which the Seller is currently active. Additionally, for a period of three (3) years from and after the Closing, neither the Seller nor any of its subsidiaries, will directly or indirectly, solicit for employment any Transferred Employee who is an employee of the Buyer, except to the extent that solicitation occurs as a result of advertisements or other general employment solicitations by or on behalf of the Seller.
Sample 1

Related to Noncompetition and Nonsolicitation by Seller

  • Noncompetition and Nonsolicitation Executive acknowledges that in the course of his employment with Employer he will become familiar with the Company’s, Employer’s and their respective Subsidiaries’ trade secrets and with other confidential information concerning the Company, Employer and such Subsidiaries and that his services will be of special, unique and extraordinary value to the Company and Employer and such Subsidiaries. Therefore, Executive agrees that:

  • NON-COMPETITION AND NONSOLICITATION Executive shall not, during the Employment Period and for a period of one (1) year thereafter, directly or indirectly:

  • Nonsolicitation and Noncompetition 4.1 During the Employee’s employment with the Company, and for a period expiring eighteen (18) months after the termination of the Employee’s employment (the “Restrictive Period”), regardless of the reason, if any, for such termination, the Employee shall not, in the United States, Western Europe or Canada, directly or indirectly:

  • Noncompetition Nonsolicitation and Nondisparagement The Executive acknowledges and agrees with the Company that, during the course of the Executive's employment with the Company, the Executive has had and will continue to have the opportunity to develop relationships with existing employees, customers and other business associates of the Company, which relationships constitute goodwill of the Company, and the Executive acknowledges and agrees that the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. The Executive accordingly covenants and agrees as follows:

  • Noncompetition and Nonsolicitation Covenants In consideration for -------------------------------------------- the Company's entering into this Agreement and for the payment of any benefits hereunder, Officer hereby agrees that he or she will not, during the term of his or her employment pursuant to this Agreement and the Applicable Severance Period, if any, do any of the following without the prior written consent of the Chief Executive Officer:

  • Noncompetition; Nonsolicitation (a) The Executive acknowledges that in the course of his employment with the Company pursuant to this Agreement he will become familiar, and during the course of his employment by the Company or any of its subsidiaries or affiliates or any predecessor thereof prior to the date of this Agreement he has become familiar, with trade secrets and customer lists of and other confidential information concerning the Company and its subsidiaries and affiliates and predecessors thereof and that his services have been and will be of special, unique and extraordinary value to the Company.

  • NON-COMPETITION AND NON-DISCLOSURE (a) Upon any termination of Executive's employment hereunder pursuant to Section 4 hereof, Executive agrees not to compete with the Holding Company or its Subsidiaries for a period of one (1) year following such termination in any city, town or county in which the Executive's normal business office is located and the Holding Company or any of its Subsidiaries has an office or has filed an application for regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board. Executive agrees that during such period and within said cities, towns and counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Holding Company or its Subsidiaries. The parties hereto, recognizing that irreparable injury will result to the Holding Company or its Subsidiaries, its business and property in the event of Executive's breach of this Subsection 10(a) agree that in the event of any such breach by Executive, the Holding Company or its Subsidiaries, will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive's partners, agents, servants, employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event of the termination of his employment pursuant to Section 7 hereof, Executive's experience and capabilities are such that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Holding Company or its Subsidiaries, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Holding Company or its Subsidiaries from pursuing any other remedies available to the Holding Company or its Subsidiaries for such breach or threatened breach, including the recovery of damages from Executive.

  • Noncompetition Nonsolicitation and Confidentiality As a material inducement to continue to employ him, Employee agrees to execute the Noncompetition, Nonsolicitation and Confidentiality Agreement attached hereto as Exhibit A, the terms of which are incorporated herein by reference.

  • Noncompetition and Non-solicitation (a) During Executive’s employment with the Company and for a period of 12 months after the termination of Executive’s employment with the Company for any reason or for no reason, Executive will not directly or indirectly, absent the Company’s prior written approval, render services of a business, professional or commercial nature to any other person or entity in the area of trace explosives detection or such other services or products provided by the Company at the time employment terminates in any geographical area where the Company does business at the time this covenant is in effect, whether such services are for compensation or otherwise, whether alone or in conjunction with others, as an employee, as a partner, or as a shareholder (other than as the holder of not more than 1% of the combined voting power of the outstanding stock of a public company), officer or director of any corporation or other business entity, or as a trustee, fiduciary or in any other similar representative capacity.

  • Confidentiality, Non-Competition and Non-Solicitation Employee agrees, as a condition to Employee’s employment with the Company, to execute the Company’s standard form of Employee Non-Disclosure, Invention Release and Non-Competition Agreement attached hereto as Exhibit A.

Time is Money Join Law Insider Premium to draft better contracts faster.