PAYMENT FOR EXTENDED NON-COMPETE PERIOD Sample Clauses

PAYMENT FOR EXTENDED NON-COMPETE PERIOD. If either (1) Company terminates Executive's employment for any reason other than For Cause, death or Disability, or (2) Executive resigns his employment by Company for Good Reason, then in addition to the other amounts payable to Executive under this Section 4.3, and as consideration for Executive's agreement to the extended non-compete period described in Section 5.3(b)(ii) below, Executive shall be paid, for each of the 12 months following payment of the Severance Amount under Section 4.3(a) above, an amount equal to his monthly salary (as defined in Section 4.3(a)) at the time of such termination or resignation. Company shall make the payments under this Section 4.3(b), beginning after the final payment of the Severance Amount under Section 4.3(a), in accordance with Company's regular pay policies for employees. Executive and Company also acknowledge and agree that the provisions of Section 5.3 are mandatory and that, in the event Company terminates Executive's employment for any reason other than For Cause, death or Disability or Executive resigns his employment for Good Reason, he shall have no right to unilaterally avoid compliance with the provisions of Section 5.3 by foregoing the payment described in this Section 4.3(b); and Company shall have no right to withhold such payment by unilaterally permitting Executive to forego compliance with Section 5.3 during the extended non-compete period.
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PAYMENT FOR EXTENDED NON-COMPETE PERIOD. If either (1) Company terminates Executive's employment for any reason other than For Cause, death or Disability, or (2) Executive resigns his employment by Company for Good Reason, then in addition to the other amounts payable to Executive under this Section 4.3, and as consideration for Executive's agreement to the extended non-compete period described in Section 5.3(b)(ii) below, Executive shall be paid, for each of the 12 months following payment of the Severance Amount under Section 4.3(a) above, an amount equal to his monthly salary (as defined in Section 4.3(a)) at the time of such termination or resignation. Company shall make the payments under this Section 4.3(b), beginning after the final payment of the Severance Amount under Section 4.3(a), in accordance with Company's regular pay policies for employees. Executive and Company also acknowledge and agree that the provisions of Section 5.3 are mandatory and that, in the event Company terminates Executive's employment for any reason other than For Cause, death or
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Related to PAYMENT FOR EXTENDED NON-COMPETE PERIOD

  • 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.

  • 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)).

  • 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.

  • 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”).

  • Non-Compete, Non-Solicitation Except as described in the Statutory Prospectus and the Prospectus, to the Company’s knowledge, none of the Sponsor, directors or officers of the Company is subject to a noncompetition 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.

  • Non-Solicitation/Non-Compete Executive hereby covenants and agrees that, for a period of one (1) year following his termination of employment with the Bank (other than a termination of employment following a Change in Control), Executive shall not, without the written consent of the Bank, either directly or indirectly:

  • Non-Solicitation; Non-Competition (a) Executive agrees that, during the Term and until nine (9) months after the termination of his employment, Executive will not, directly or indirectly, including on behalf of any person, firm or other entity, employ or actively solicit for employment any employee of the Company or any of its Affiliated Entities, or anyone who was an employee of the Company or any of its Affiliated Entities within the nine (9) months prior to the termination of Executive’s employment, or induce any such employee to terminate his or his employment with the Company or any of its Affiliated Entities.

  • Non-Solicitation and Non-Compete The Executive agrees that,

  • Non-Competition After Termination In further consideration of the Company providing Executive with its confidential information, trade secrets, goodwill, and proprietary business information, Executive agrees that he shall not, at any time during the period of one (1) year after the termination of the later of the Basic Term and any extension of the Basic Term under this Agreement, for any reason, within any market or country in which the Company has operated assets or provided services, or formulated a plan to operate its assets or provide services during the last twelve (12) months of Executive’s employ, engage in or contribute Executive’s knowledge to any work which is competitive with or similar to a product, process, apparatus, services, or development on which Executive worked or with respect to which Executive had access to while employed by the Company; provided, however, that the one (1) year period set forth in this Section 5.4 shall be a two (2) year period in the case of an Executive whose employment is terminated due to Retirement.

  • Non-Competition; Non-Solicitation Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and its affiliates and accordingly agrees as follows:

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