TERM OF NON-COMPETITION Sample Clauses

TERM OF NON-COMPETITION. The Employee agrees that for so long as he is employed by the Company and for a period of one year after the termination thereof, whether voluntary or involuntary, he will not, directly or indirectly, whether for compensation or not, own, manage, operate, join, control or participate in, or be connected as a stockholder, officer, employee, partner, creditor, guarantor, consultant, advisor or otherwise, with a competitor that is engaged in or about to be engaged in business in any geographic area where the Company or any affiliate are doing business. The foregoing shall not be construed, however, as preventing the Employee from investing his assets in such form or manner as will not require services on the part of the Employee in the operations of the businesses in which such investments are made and provided that any such business is publicly-owned and the interest of the Employee therein is solely that of a passive investor owning not more than five (5%) percent of the outstanding equity securities of any such business.
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TERM OF NON-COMPETITION. The "Term of Non-Competition" means the period beginning on the date hereof and continuing for a period of two years following the closing date of the Purchase Agreement (as defined therein).
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TERM OF NON-COMPETITION. During the term of this Agreement and in the event the Executive's employment with the Company is terminated or Executive resigns for Good Reason, if applicable, and Executive receives payment of the Severance Amount, for the remainder of the Severance Period, Executive shall not engage in or promote any business within the United States that is principally engaged in the business of manufacturing and marketing food products that directly compete in the same categories as the core products of the Company at the time of termination; provided that the foregoing shall not prohibit Executive from owning less than 10% of the voting securities of any publicly traded company so long as Executive does not otherwise engage in or promote the activities of that company. Executive understands that the restrictions set forth in this Section 14(a) may limit his ability to earn a livelihood in a business similar to the business of the Company or any subsidiary thereof, but he nevertheless believes that he has received and will receive sufficient consideration and other benefits as an employee of the Company and as otherwise provided hereunder to justify clearly such restrictions which, in any event (given his education, skills and ability), Executive does not believe would prevent him from earning a living.
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TERM OF NON-COMPETITION. During the term of this Agreement and in the event the Executive's employment with the Company is terminated (other than a termination in connection with the occurrence of a Change in Control) or Executive resigns for Good Reason (other than a resignation in connection with the occurrence of a Change in Control), if applicable, and Executive receives payment of the Severance Amount, for the remainder of the Severance Period, Executive shall not engage in or promote any business within the United States that is principally engaged in the business of manufacturing and marketing food products that directly compete in the same categories as the core products of the Company at the time of termination; provided that the foregoing shall not prohibit Executive from owning less than 10% of the voting securities of any publicly traded company so long as Executive does not otherwise engage in or promote the activities of that company. Executive understands that the restrictions set forth in this Section 14(a) may limit his ability to earn a livelihood in a business similar to the business of the Company or any subsidiary thereof, but he nevertheless believes that he has received and will receive sufficient consideration and other benefits as an employee of the Company and as otherwise provided hereunder to justify clearly such restrictions which, in any event (given his education, skills and ability), Executive does not believe would prevent him from earning a living.
Sample 1
TERM OF NON-COMPETITION. The Executive agrees that for so long as she is employed by the Company and for a period of one year after the termination thereof, whether voluntary or involuntary, she will not, directly or indirectly, whether for compensation or not, own, manage, operate, join, control or participate in, or be connected as a stockholder, officer, employee, partner, creditor, guarantor, consultant, advisor or otherwise, with a competitor that is engaged in or about to be engaged in business in any geographic area where the Company or any affiliate are doing business. The foregoing shall not be construed, however, as preventing the Executive from investing her assets in such form or manner as will not require services on the part of the Executive in the operations of the businesses in which such investments are made and provided that any such business is publicly-owned and the interest of the Executive therein is solely that of a passive investor owning not more than five (5%) percent of the outstanding equity securities of any such business.
Sample 1
TERM OF NON-COMPETITION. The Employee agrees that for so long as she is employed by the Company and for a period of one year after the termination thereof, whether voluntary or involuntary, she will not, directly or indirectly, whether for compensation or not, own, manage, operate, join, control or participate in, or be connected as a stockholder, officer, employee, partner, creditor, guarantor, consultant, advisor or otherwise, with a competitor that is engaged in or about to be engaged in business in any geographic area where the Company or any affiliate are doing business. The foregoing shall
Sample 1
TERM OF NON-COMPETITION. The Executive agrees that for so long as he is employed by the Company and for a period of two years after the termination thereof, whether voluntary or involuntary, he will not, directly or indirectly, whether for compensation or not: (1) own, manage, operate, join, control or participate in, or be connected as a stockholder, officer, partner, creditor, guarantor or otherwise, with a competitor that is engaged in or about to be
Sample 1
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Related to TERM OF NON-COMPETITION

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

  • 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)).

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

  • Employment; Noncompetition; Nondisclosure The Manager has not been notified that any of its executive officers or key employees named in the General Disclosure Package (each, a “Company-Focused Professional”) plans to terminate his or her employment with the Manager or Colony, as the case may be. Neither the Manager nor, to the knowledge of the Manager, any Company-Focused Professional is subject to any noncompete, nondisclosure, confidentiality, employment, consulting or similar agreement that would be violated by the present or proposed business activities of the Company or the Manager as described in the Registration Statement, the General Disclosure Package and the Prospectus.

  • Employment and Non-Competition Agreements The employees of Target set forth on Schedule 5.17 shall have accepted employment with Acquiror and shall have entered into an Employment and Non-Competition Agreement substantially in the form attached hereto as Exhibits H-1, et. seq.

  • 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:

  • Non-Competition and Non-Solicitation Covenants During his employment with the Company and for a period of one (1) year thereafter (“Restricted Period”), whatever the reason for Executive’s termination of employment, unless Executive receives the Company’s advance written waiver, Executive shall not, either directly or indirectly, either on his own behalf or on behalf of another business, engage in or assist others in the following activities:

  • Non-Compete During the term of this Agreement and for a period of twelve (12) months following the Director’s removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the “Restricted Period”), the Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company’s Business”) for the Director’s own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, stockholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company’s Business; provided, however, that the Director may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any person or entity which is listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company’s Business. In addition, during the Restricted Period, the Director shall not develop any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.

  • Employment and Noncompetition Agreements The Employment and Noncompetition Agreements referred to in Sections 7.1 and 8.3, duly executed by the persons referred to in such Sections.

  • Non-Solicitation and Non-Competition Ancillary to the agreements to provide Executive with the Confidential Information as set forth above, and in order to aid in the enforcement of those agreements and as a condition of Executive’s employment hereunder, Executive agrees that, during the Term and for a period of two (2) years after the termination of Executive’s employment with the Company (or, in the event Executive is entitled to the payments and benefits described in Section 4.3(c) hereof, for a period of one (1) year after termination of Executive’s employment with the Company) (as applicable, the “Prohibited Period”), Executive will:

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