Participant’s Covenants. For and in consideration of the delivery of this Agreement, the Participant agrees to the provisions of this Section 10.
Participant’s Covenants. Each Participant covenants that it will not fund its portion of any Advance with the assets of any "employee benefit plan" (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any "plan" (as defined in Section 4975(e)(1) of the IRC.
Participant’s Covenants. As a material inducement to the Company granting Participant RSUs hereunder, and in exchange for the Company providing Participant access to Company confidential information, Participant agrees to the following:
Participant’s Covenants. The Participant covenants and agrees to comply with, keep, observe and perform all agreements, conditions, covenants and terms, express or implied, required to be performed by the Participant contained in all contracts for the use of the Participant’s Water Enterprise and all contracts affecting or involving the Participant’s Water Enterprise to the extent that the Participant is a party thereto.
Participant’s Covenants. (a) Covenant Not to Compete. Commencing on the date of Participant's Termination with the Employer and all Affiliates (hereinafter defined) and ending on the third anniversary thereof (the "Restricted Competition Period"), Participant agrees that he shall not, and shall not permit any of his Affiliates, alone, together or in association with others, either as principal, agent, owner, shareholder, officer, director, partner, lender, investor, independent contractor, consultant or in any other capacity, to engage in, have a financial interest in or be in any way connected or affiliated with, or render advice or services to any natural person, organization or entity of any type that engages in any activity which would compete, in any way, in any county in which a Related Entity has a branch or business operation at the time of Participant's Termination of employment, with the business operated by any Related Entity or conducting the business of banking and providing other financial services. For purposes of this subsection, an "Affiliate" of a person shall mean (i) any natural person, organization or entity of any type that directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with, such specified person; (ii) any relative or spouse of such person, or any relative of such spouse, any one of whom has the same home as such person; (iii) any trust or estate in which such person or any of the persons specified in (ii) collectively own ten percent or more of the total beneficial interest or of which any of such persons serve as trustee, executor or in any similar capacity; or (iv) any corporation or other organization in which such person or any of the persons specified in (ii) are the beneficial owners collectively of ten percent or more of any class of equity securities or ten percent or more of the equity interest. For purposes of the definition of the term "Affiliate," "control" means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. The Participant and each Related Entity agree that the value to them of this Covenant Not to Compete is equal to three hundred percent of the annualized gross compensation due to the Participant at his rate of compensation as in effect immediately before his Termination and that this amount has been included in the SERP Benefit.
Participant’s Covenants. In consideration of the Payment and other benefits provided for in Section 2, I also covenant and agree that:
Participant’s Covenants. As a material inducement to the Company extending Participant participation in, and the benefits of, the Plan, and in exchange for the Company providing Participant access to Company Confidential Information, Participant agrees to the following:
Participant’s Covenants. (a) Covenant Not to Compete. Commencing on the date of ----------------------- Participant's Termination with the Employer and all Affiliates (hereinafter defined) and ending on the third anniversary thereof (the "Restricted Competition Period"), Participant agrees that he shall not, and shall not permit any of his Affiliates, alone, together or in association with others, either as principal, agent, owner, shareholder, officer, director, partner, lender, investor, independent contractor, consultant or in any other capacity, to engage in, have a financial interest in or be in any way connected or affiliated with, or render advice or services to any natural person, organization or entity of any type that engages in any activity which would compete, in any way, in any county in which a Related Entity has a branch or business operation at the time of Participant's Termination of
Participant’s Covenants. In consideration of being permitted to enter for any purposes any restricted or recreational area owned by FPL at the Manatee Plant, defined as including but not limited to, walkways, cooling ponds, boat launches, parking areas, picnic areas, fishing platforms and any other area on or near to any area where any recreational activity may take place on FPL property, or being permitted to compete, officiate, observe, work for, or for any purpose participate in any way in a recreational activity upon FPL property, the undersigned, for himself or herself, and his or her personal representatives, heirs and next of kin, acknowledges, agrees and represents that he or she has, or will immediately on entering any of such restricted areas, and will continuously afterward, inspect such restricted areas and all portions of them which he or she enters and with which he or she comes in contact, and does further warrant that entry on such restricted area or areas and participation, if any, in a recreational activity of any kind constitutes an acknowledgment that he or she has inspected the recreational area and that he or she finds and accepts the same as being safe and reasonably suited for the purposes of its use. The undersigned further agrees and warrants that if at any time he or she is in or about any restricted or recreational areas and he or she feels anything to be unsafe, he or she will immediately advise the proper officials of FPL, if possible without risking injury, and then will leave the restricted or recreational areas. Participant is charged with the responsibility to observe all weather conditions and take all available precautions to avoid risk of injury by timely seeking a safe location in the event of dangerous weather conditions.
Participant’s Covenants. In consideration of the covenants by MaineHealth to this Agreement, each Participant covenants as follows: Participant shall deploy the FUNDS for the Project within 24 months of the Effective Date. Participant shall use the FUNDS only for the Project. Participant(s) shall not use FUNDS to pay employee compensation to full or part-time employees of MaineHealth, unless such compensation if approved by meh through a separate written agreement signed by MaineHealth. Participant shall assist MaineHealth in its efforts to disseminate information about the Project and shall provide timely and useful information to MaineHealth about the status of the Project, and attend meetings with MaineHealth concerning the Project, all as described in Exhibit B attached. Participant shall abide by all applicable regulatory requirements in its efforts to further investigate and evaluate the Invention. Participant agrees to the repayment of FUNDS in accordance with the terms set forth in the Section below entitled “REPAYMENT OF FUNDS”.
