Noncompetition & Nonsolicitation Covenants Clause Samples
The Noncompetition & Nonsolicitation Covenants clause restricts a party, typically an employee or contractor, from engaging in business activities that compete with the employer or from soliciting the employer’s clients, customers, or employees for a specified period after the relationship ends. In practice, this clause may prohibit the individual from working for a competitor, starting a similar business, or recruiting former colleagues to join a new venture within a certain geographic area and timeframe. Its core function is to protect the employer’s business interests, confidential information, and client relationships by preventing unfair competition and loss of key personnel or customers.
Noncompetition & Nonsolicitation Covenants. From the Effective Date and continuing for a period of five (5) years, ▇▇▇▇▇▇ hereby agrees that he shall not, and shall not permit any of his employees, agents or affiliates (“Affiliates”), to do any of the following without the prior written consent of BVTK:
Noncompetition & Nonsolicitation Covenants. From the Effective Date and continuing for a period of four (4) years, each of the SELLERS hereby agrees that he shall not, and shall not permit any of his employees, agents or affiliates (“Affiliates”), to do any of the following without the prior written consent of FRLF:
Noncompetition & Nonsolicitation Covenants. Executive agrees that he shall not, during his employment and for a period of 12 months following the termination of his employment with Company and its affiliates pursuant to paragraphs 4.1, 4.2(a) or 4.3:
(a) associate (including, without limitation, association as a sole proprietor, owner, employer, director, partner, principal, investor, joint venturer, shareholder, associate, employee, member, consultant, contractor or otherwise) with any Competitive Enterprise or in connection with such association engage in competition with Company; provided, however, that with respect to the equity of any Competitive Enterprise that is or becomes publicly traded, Executive's ownership as a passive investor of less than 5% of the outstanding publicly traded stock of a Competitive Enterprise shall not be deemed a violation of this paragraph 5.2(a);
(b) directly or indirectly (i) solicit, or assist any other person in soliciting, any Client or Prospective Client for the purpose of seeking an engagement to perform or provide any services in competition with Company to such Client or Prospective Client; (ii) perform or provide, or assist any other person in performing or providing, services in competition with Company for any Client or Prospective Client; or (iii) interfere with or damage (or attempt to interfere with or damage) any relationship and/or agreement between Company or its affiliates; or
(c) directly or indirectly, solicit, hire or employ (or assist any other person in soliciting, hiring or employing) any employee of Company or its affiliates, including, without limitation, any former employee of Company or its affiliates who ceased working for Company and its affiliates (or any of its predecessors) within the 3-month period before or after the date on which Executive's employment with Company or its affiliates terminated, in connection with or for the purpose of bringing about a termination of an existing employment or service relationship (or, in the case of former employees or representatives and/or other agents, seeking to engage such persons to perform or provide services in competition with Company).
(d) The foregoing Noncompetition and Nonsolicitation provisions shall not apply in the event Executive declines to accept the Severance Payment or otherwise returns the Severance Payment to Company. Also, for the avoidance of doubt, the foregoing Noncompetition and Nonsolicitation provisions shall not apply if Executive's employment is terminated pursuant ...
Noncompetition & Nonsolicitation Covenants. (a) Subparagraph 9(a) of the Employment Agreement to the contrary notwithstanding, during the period commencing on the Termination Date and ending on the first anniversary of the Termination Date, the Executive will not, without ProLogis’s prior written consent, directly or indirectly, for the Executive’s own account or for or on behalf of any other person or entity, whether an officer, director, employee, partner, consultant or otherwise, engage or participate in or provide advice to or in connection with, directly or indirectly, alone or as principal, agent, employee, employer, consultant, investor or partner of, or assist in the management of, or provide advisory or other services to, or own any stock or any other ownership interest in, or make any financial investment in, ProLogis European Properties, ProLogis European Properties Fund II, AMB Property Corporation, First Industrial Realty Trust, Inc., Duke Realty Corporation, DCT Industrial Trust Inc., ▇▇▇▇▇▇▇ Group, Brixton plc, or Segro plc or any subsidiary of or successor to any such entity.
(b) For purposes of clarification of subparagraph 9(b) of the Employment Agreement, Executive and ProLogis agree that the term “customers” used in such subparagraph 9(b) refers to investors in ProLogis European Properties Fund II or APG respecting any investment or prospective investment in a logistics fund focused on property in Europe, China, Japan or Korea.
Noncompetition & Nonsolicitation Covenants