Noncompetition Provision. Executive acknowledges that the development of personal contacts and relationships is an essential element of the savings and loan business, that Employers has invested considerable time and money in his development of such contacts and relationships, that Employers could suffer irreparable harm if he were to leave employment and solicit the business of the Employers customers, and that it is reasonable to protect the Employers against competitive activities by Executive. Executive covenants and agrees, in recognition of the foregoing and in consideration of the mutual promises contained herein, that in the event of a voluntary termination of employment by Executive pursuant to Section 5(iii), or upon expiration of this Agreement as a result of Executive's election (but not as the result of an election by Employers) not to continue automatic annual renewals, Executive shall not accept employment with any Significant Competitor of Bank for a period of twelve (12) months following such termination. For purposes of this Agreement, the term Significant Competitor means any financial institution including, but not limited to, any commercial bank, savings bank, savings and loan association, credit union, or mortgage banking corporation which, at the time of termination of Executive's employment, or during the period of this covenant not to compete, has a home, branch or other office in Milwaukee County or which has, during the twelve (12) months preceding Executive's termination, originated, or which during the period of this covenant not to compete originates, more than $50,000,000 in commercial or mortgage loans secured by real property in any such county. Executive agrees that the non-competition provisions set forth herein are necessary for the protection of the Employers and are reasonably limited as to (i) the scope of activities affected, (ii) their duration and geographic scope, and (iii) their effect on Executive and the public. In the event Executive violates the non-competition provisions set forth herein, the Employers shall be entitled, in addition to its other legal remedies, to enjoin the employment of Executive with any Significant Competitor for the period set forth herein. If Executive violates this covenant and the Employers bring legal action for injunctive or other relief, the Employers shall not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the restrictive covenant. Accordingly,...
Noncompetition Provision. In further consideration of employment, the Employee shall not engage in a business in any manner similar to or in competition with the Company's or the Company's affiliated businesses during the term of his or her employment Furthermore, the Employee shall not engage in a business in any manner similar to or in competition with the Company's business for a period of ( ) years from the date of termination of his or her employment with the Company in the geographical area within a ( )-mile radius of any present or future office opened by the Company during the term of employment and the geographical area within a ( )-mile radius of the Employee’s home address. The Employee shall not request any customers of any business then being conducted or contemplated by the Company or its affiliates to curtail or cancel their business with the Company or its affiliates. The Employee shall not disclose to any person, firm or corporation any trade, technical or technological secrets, any details of organizations or business affairs, any names of past or present customers of the Company or its affiliates or any other information relating to the business or businesses or their affiliates The Employee shall not solicit, canvass or accept any business or transaction for any other person, firm or corporation or business similar to any business of the Company or its affiliates. The Employee shall not induce, or attempt to influence, any employee of the business or its affiliates to terminate employment with the business or its affiliates or to enter into any employment or other business relationship with any other person (including the Employee), firm or corporation, The Employee shall not act or conduct himself or herself in any manner that he or she shall have reason to believe is inimical or contrary to the interests of the Company or its affiliates. The Employee shall not perform any act in violation hereof through any other person or entity or through any plan, scheme or design calculated to circumvent the requirements hereof The Employee acknowledges and agrees that the above restriction is reasonable as to duration and geography, that it is fully enforceable, and waives any objection thereto and covenants to institute no suit or proceeding or otherwise advance any position or contention to the contrary. The Employee recognizes that immediate and irreparable damage will result to the Company if the Employee breaches any of the terms and conditions of this article and, a...
Noncompetition Provision. Executive acknowledges that the development of personal contacts and relationships is an essential element of the savings and loan business, that Employers has invested considerable time and money in his development of such contacts and relationships, that Employers could suffer irreparable harm if he were to leave employment and solicit the business of the Employers customers, and that it is reasonable to protect the Employers against competitive activities by Executive. Executive covenants and agrees, in recognition of the foregoing and in consideration of the mutual promises contained herein, that in the event of a voluntary termination of employment by Executive pursuant to
Noncompetition Provision. During the term of this Agreement (including any monthly extension of the initial term as contemplated in Section 5) and for ninety (90) days thereafter, the Consultant shall not, except with the prior written consent of the Corporation, which may be withheld in the Corporation's sole discretion, engage, as an employee, consultant, equity owner or partner, in any business activities anywhere in the world which are directly competitive with those of the Corporation. Notwithstanding this restriction, the Consultant shall not be prohibited from engaging in any business activities in which his sole connection to such business activities is the passive ownership of less than 10% of the outstanding equity interests of the entity involved, and he may exceed this 10% ownership threshold with the written consent of the Corporation. This provision shall not affect the Consultant's ownership or service as an officer or director of Xxxxx Xxxxx & Associates, Inc., but the Consultant's activities as a shareholder, officer and director of Xxxxx Xxxxx & Associates, Inc. shall not be exempt from the provisions of this Section 8.
Noncompetition Provision. Executive acknowledges that the development of personal contacts and relationships is an essential element in the financial services industry, that the Company has invested considerable time and money in his development of such contacts and relationships, that the Company could suffer irreparable harm if he were to leave employment and solicit the business of Company customers, and that it is reasonable to protect the Company against competitive activities by Executive. Executive covenants and agrees, in recognition of the foregoing and in consideration of the mutual promises contained herein, that in the event of a voluntary termination of employment by Executive pursuant to Section 5(iii) of the Bank Agreement, or upon expiration of the Bank Agreement as a result of Executive's election (but not as the result of an election by the Company) not to continue automatic annual renewals, Executive shall not accept employment with any Significant Competitor of the Bank or Company for a period of twelve (12) months following such termination. For purposes of this Agreement, the term Significant Competitor means any financial institution including, but not limited to, any commercial bank, savings bank, savings and loan association, credit union, or mortgage banking corporation which, at the time of termination of this Agreement, or during the period of this covenant not to compete, has a home, branch or other office in Milwaukee County or which has, during the twelve (12) months preceding Executive's termination, originated, or which during the period of this covenant not to compete originates, more than $50,000,000 in commercial or mortgage loans secured by real property in any such county.
Noncompetition Provision. (a) In consideration of Buyer entering into this Agreement, Symantec hereby agrees with Buyer (and for the purposes of this clause, Buyer includes any associated, subsidiary, related or affiliate company) that for a two year period following the Closing (the "NONCOMPETE PERIOD"), Symantec will not, directly or indirectly, (except with the prior written consent of Buyer) or in any other capacity whatsoever of or for any person, firm, partnership, company or corporation other than Buyer:
(i) Own, manage, operate, sell, control or participate in the ownership, management, operation, sales or control of or be connected in any manner with any business engaged, in the design, research, development, marketing, sale, or licensing of computer software that is substantially similar to or competitive with the Business, other than in connection with a non-controlling interest in a public company or a private company primarily engaged in another business; or
(ii) Directly or indirectly develop computer software that is substantially similar to or competitive with any of the Programs.
Noncompetition Provision. In recognition of the highly competitive nature of the Company's business, Employee agrees that (i) as long as Employee is an employee or officer of the Company and (ii) for two years after Employee's termination of employment with the Company (unless Employee's employment is terminated by the Company without cause, in which case this Section 2 shall not apply to competitive action occurring after the termination of Employee's employment);
(a) Employee will not, directly or indirectly (other than on behalf of the Company), as owner, partner, joint venturer, employee, broker, agent, principal, trustee, corporate officer, licensor, consultant or in any capacity whatsoever, engage in, become financially interested in, or have any connection with, any business located in the United States engaged in the production and marketing of manufactured homes and buses (other than on behalf of the Company). Employee agrees not to supply competing products or provide competing services to any customer with whom the Company has done any business during his employment with the Company, whether as an officer, director, proprietor, employee, partner, or investor (other than as a holder of less than 1% of the outstanding capital stock of a publicly traded Company), consultant, advisor, agent or sales representative.
(b) Employee agrees not to directly or indirectly induce employees of the Company to engage in any activity hereby prohibited to Employee or to terminate their employment with the Company.
(c) If any one of more of the terms contained in this Section 2 shall for any reason be held invalid, illegal or unenforceable, such invalidity, illegality and or unenforceable, such invalidity, illegality and unenforceability shall not affect any other term therein, but such term shall be deemed deleted, and such deletion shall not affect the validity of the other terms of this Section 2 or any other Section of this Agreement, or Employee's obligations under any other agreements with the Company. Alternatively, if any one of more of the terms contained in the Section 2 shall for any reason be held to be excessively broad with regard to time, duration, geographic scope or activity, that therm shall be construed in a manner to enable it to be enforced to the extent compatible with applicable law.
(d) Employee acknowledges that the Company's and its subsidiaries' trade secrets, private or secret processes as they exist from time to time and information concerning products, researc...
Noncompetition Provision. 10.1. In further consideration of employment, the Contractor shall not engage in a business in any manner similar to or in competition with the Company's or the Company's affiliated businesses during the term of his employment. Furthermore, within 70 miles of Los Angeles, California and Brea, California, the Contractor shall not:
10.1.1. Engage in a business in any manner similar to or in competition with the Company's business for a period of one (1) year from the date of termination of his employment with the Company.
10.1.2. Request any clients of any business then being conducted or contemplated by the Company or its affiliates to curtail or cancel their business with the Company or its affiliates.
10.1.3. Disclose to any person, firm or corporation any trade, technical or technological secrets, any details of organizations or business affairs, any names of past or present clients of the Company or its affiliates or any other information relating to the business or businesses or their affiliates.
10.1.4. Solicit, canvass or accept any business or transaction for any other person, firm or corporation or business similar to any business of the Company or its affiliates.
10.1.5. Induce, or attempt to influence, any Contractor of the Company or its affiliates to terminate employment with the Company or its affiliates or to enter into any employment or other business relationship with any other person (including the Contractor), firm or corporation act or conduct himself self in any manner that he shall have reason to believe is inimical or contrary to the interests of the Company or its affiliates.
10.1.6. Perform any act in violation hereof through any other person or entity or through any plan, scheme or design calculated to circumvent the requirements hereof.
10.2. The Contractor acknowledges and agrees that the above restriction is reasonable as to duration, that it is fully enforceable, and waives any objection thereto and covenants to institute no suit or proceeding or otherwise advance any position or contention to the contrary. The Contractor recognizes that immediate and irreparable damage will result to the Company if the Contractor breaches any of the terms and conditions of this article and, accordingly, the Contractor hereby consents to the entry of temporary, preliminary and permanent injunctive relief by any court of California jurisdiction against him to restrain any such breach, in addition to any other remedies or claims for money damages...
Noncompetition Provision. SEA agrees that during the period beginning on the date of this Agreement and ending [*] months following termination of this Agreement for any reason, it will not engage in the business of [*] unless it secures the prior written permission of FN, directly or indirectly:
(a) be employed by, act as the agent for, or consult with or otherwise perform services for a Competitor (as defined below);
(b) own any equity interest in, manage or participate in the management (as an officer, director, partner, member or otherwise) of, or be connected in any other manner with, a Competitor; provided, however, that nothing in this Agreement shall restrict SEA from owning less than one percent (1%) of the equity interests of any publicly held entity; or
(c) induce or attempt to induce any employee, officer, director, agent, independent contractor, consultant, customer, supplier or other service provider of FN to terminate its relationship with, or cease providing services or products to, or purchasing products from Xxxxx.xxx. For purpose of this Agreement, a "Competitor" is any entity or individual which, directly or indirectly, engages in the same or similar business as FN or is preparing to engage in the same or similar business as FN anywhere in the world, including, without limitation, the provision of Internet access services on a free-of-charge basis. SEA agrees that the duration of the restrictions under this Section 7 shall be extended by the duration of any period during which SEA is in violation of this Section 7. SEA acknowledges that the covenants in this Section are reasonable in relation to the licenses SEA has been granted under this Agreement. However, should any court find that any provision of such covenants is unreasonable, whether in period of time, geographical area, or otherwise, then in that event SEA agrees that such covenants shall be interpreted and enforced to the maximum extent which the court deems reasonable. Any items not covered by this Agreement shall be resolved in an addendum.
Noncompetition Provision. Executive acknowledges that the ------------------------ development of personal contacts and relationships is an essential element of the banking business, that the Bank (and its predecessors) has invested considerable time and money in the Executive's development of such contacts and relationships, that the Bank could suffer irreparable harm if the Executive were to leave employment and solicit the business of Bank customers, and that it is reasonable to protect the Bank against competitive activities by Executive. Executive covenants and agrees, in recognition of the foregoing and in consideration of the Bank's promises contained herein, that in the event the Executive's employment with the Bank terminates, Executive shall not, during the Noncompete Period, directly or indirectly, in the Restricted Area: (A) engage in, carry on, or continue any business which competes with the Bank or (B) be employed by, consult with, advise or assist in any way, whether or not for consideration, any Significant Competitor of the Bank. For purposes of this Agreement,
