TERM OF RESTRICTIVE COVENANTS Sample Clauses

TERM OF RESTRICTIVE COVENANTS. The term of the restrictive covenants in this ARTICLE III (the "Non-Compete Term") shall commence on the date hereof and shall terminate two years after the date of termination of Employee, except that the Non-Compete Term shall terminate on such earlier date as determined by the Board of Directors in its sole and absolute discretion if (i) Employee is terminated by the Company other than for Cause and (ii) such termination DOES NOT occur within 30 days after a Change in Control. For purposes of this Agreement, a "Change in Control" shall be deemed to have occurred upon the occurrence of one or more of the following events: (i) any sale, lease, exchange or other transfer (in one or a series of related transactions) of all or substantially all of the assets of the Partnership, the Operating Partnership L.P. or the Company to any Person or its Affiliates, other than the Partnership, the Operating Partnership, the Company or any of their Affiliates or (ii) any merger, reorganization, consolidation or other transaction pursuant to which more than 50% of the combined voting power of the equity interests in the Partnership, the Operating Partnership or the Company ceases to be owned by Persons who own such interests, respectively, as of the date of the initial public offering of common units of the Partnership.
Sample 1Sample 2Sample 3See All (9)
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TERM OF RESTRICTIVE COVENANTS. The term of the restrictive covenants in this Section 3.1 (the “Non-Compete Term”) shall commence on the Effective Date and shall terminate on (i) the second anniversary of a termination of Employee’s employment that is (A) by the Company for Cause (as hereinafter defined) or (B) by Employee other than a Justifiable Resignation (as hereinafter defined) or (ii) subject to Section 3.1(c), the second anniversary of a termination of Employee’s employment that is (A) by the Company without Cause or due to Disability (as hereinafter defined), (B) by Employee due to a Justifiable Resignation or (C) in connection with, or following, the expiration of the Employment Term without extension under Section 1.1.
Sample 1Sample 2Sample 3See All (4)
TERM OF RESTRICTIVE COVENANTS. The covenants in this Annexure E expire on and are of no force and effect except in relation to any antecedent breached after 31 December 2033.
Sample 1See All (4)
TERM OF RESTRICTIVE COVENANTS. These Restrictive Covenants shall be binding upon the Burdened Property until one year following the date of the second conveyance of the Benefitted Property following the date hereof or at such time as the owner of the Benefitted Property records a release of these Restrictive Covenants. These Restrictive Covenants may be amended only in a writing executed by the owner of the Burdened Property and the owner of the Benefitted Property.
Sample 1Sample 2
TERM OF RESTRICTIVE COVENANTS. The covenants in clauses 1 and 2 expire on and are of no force and effect except in relation to any antecedent breached after 31 December 2027.
Sample 1
TERM OF RESTRICTIVE COVENANTS. The term of the restrictive covenants in this Section 6 (the “Non-Compete Term”) shall commence on the date hereof and shall terminate eighteen months after the date of termination of Executive. For purposes of this Section 6, references to Company shall include all Affiliates of the Company and the covenants contained in this Section 6 shall be enforceable against Executive by each such Affiliate as third party beneficiaries.
Sample 1

Related to TERM OF RESTRICTIVE COVENANTS

  • Restrictive Covenant (a) The Employee hereby acknowledges and recognizes that, during the Employment Period, the Employee will be privy to trade secrets and confidential proprietary information critical to the Company's business and the Employee further acknowledges and recognizes that the Company would find it extremely difficult or impossible to replace the Employee and, accordingly, the Employee agrees that, in consideration of the benefits to be received by the Employee hereunder, the Employee will not, from and after the date hereof until the first anniversary of the termination of the Employment Period (or six months after the termination of the Employment Period if such termination is as a result of a termination for Good Reason following a Change in Control), (i) directly or indirectly engage in the development, production, marketing or sale of products that compete (or, upon commercialization, would compete) with products of the Company being developed (so long as such development has not been abandoned), marketed or sold at the time of the Employee's termination (such business or activity being hereinafter called a "Competing Business") whether such engagement shall be as an officer, director, owner, employee, partner, affiliate or other participant in any Competing Business, (ii) assist others in engaging in any Competing Business in the manner described in the foregoing clause (i), or (iii) induce other employees of the Company or any subsidiary thereof to terminate their employment with the Company or any subsidiary thereof or engage in any Competing Business. Notwithstanding the foregoing, the term "Competing Business" shall not include any business or activity that was not conducted by the Company prior to the effective date of a Change in Control. (b) The Employee understands that the foregoing restrictions may limit the ability of the Employee to earn a livelihood in a business similar to the business of the Company, but nevertheless believes that the Employee has received and will receive sufficient consideration and other benefits, as an employee of the Company and as otherwise provided hereunder, to justify such restrictions which, in any event (given the education, skills and ability of the Employee), the Employee believes would not prevent the Employee from earning a living.

  • Restrictive Covenants a. The Property is believed and shall be taken to be correctly described and is sold subject to:- (i) All existing easement, public and private right of way, support, drainage, light and all other rights or other incidents (if any), lease, tenancy, occupier, encroachment, trespass, nuisance, charge, lien, caveat, previous sale and purchase, previous assignment, covenant, common right and liability (including but not limited to liability to local authorities incurred but not ascertained and any rate made but not demanded), express and implied condition, restriction-in-interest and encumbrances subsisting thereon or there over without any obligation arising for the Assignee to define the same respectively; (ii) Any notice or knowledge of acquisition proceedings, encroachment or that the Government or other authority has any immediate intention of acquiring the whole or any part of the Property for road, back lane or other improvement scheme whatever affecting the same. b. The Purchaser shall be deemed to have full knowledge of the nature and effect thereof and shall make no objection or requisition in respect thereof.

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