Termination of Noncompetition Restrictions Sample Clauses

Termination of Noncompetition Restrictions. If the Executive terminates his employment with NWL for a reason described in Section 3(a)(2) above during the first year following the Change in Control, or if NWL terminates the Executive’s employment other than for a reason described in Section 3(b) above during such first year, then, effective as of the termination date, the Executive shall cease to be subject to the terms of any noncompetition agreement with NWL previously entered into. If the event described above occurs during the second year following the Change in Control, then, effective as of the termination date, the Executive shall be subject to the terms of any noncompetition agreement with NWL previously entered into for one year thereafter.
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Termination of Noncompetition Restrictions. If the Executive’s employment with the Company is terminated for any reason after a Change in Control, then, effective as of the termination date, the Executive shall cease to be subject to the terms of any noncompetition agreement with the Company previously entered into (including, without limitation, the provisions pertaining to refraining from competitive activity or from acting in a manner inimical or contrary to the best interests of the Company, as contained in the Alternative SERP and in various benefit plans).
Sample 1
Termination of Noncompetition Restrictions. If the Executive terminates his or her employment with the Company for a reason described in Section 3(a)(2) above during the first year following the Change in Control, or if the Company terminates the Executive's employment other than for a reason described in Section 3(b) above during the first year, then, effective as of the termination date, the Executive shall cease to be subject to the terms of any noncompetition agreement with the Company previously entered into. If the event described above occurs during the second year following the Change in Control, then, effective as of the termination date, the Executive shall be subject to the terms of any noncompetition agreement with the Company previously entered into for one year thereafter. If the event described above occurs during the third year following the Change in Control, then, effective as of the termination date, the Executive shall be subject to the terms of any noncompetition agreement with the Company previously entered into for two years thereafter.
Sample 1
Termination of Noncompetition Restrictions. If the Executive terminates his or her employment with the Company for a reason described in Section 3(a)(2) above during the first three years following the Change in Control, or if the Company terminates the Executive's employment other than for a reason described in Section 3(b) above during such first three years, then, effective as of the termination date, the Executive shall cease to be subject to the terms of any noncompetition agreement with the Company previously entered into. If the Executive voluntarily terminates his or her employment during the three years following a Change in Control for a reason not covered in Sections 3(a), (b) or (c) then, effective as of the termination date, the Executive shall be subject to the terms of any noncompetition agreement with the Company previously entered into for two years thereafter.
Sample 1

Related to Termination of Noncompetition Restrictions

  • 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:

  • Noncompetition and Nonsolicitation Covenants In consideration for -------------------------------------------- the Company's entering into this Agreement and for the payment of any benefits hereunder, Officer hereby agrees that he or she will not, during the term of his or her employment pursuant to this Agreement and the Applicable Severance Period, if any, do any of the following without the prior written consent of the Chief Executive Officer:

  • 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.

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

  • Noncompetition Nonsolicitation and Nondisparagement The Executive acknowledges and agrees with the Company that, during the course of the Executive's employment with the Company, the Executive has had and will continue to have the opportunity to develop relationships with existing employees, customers and other business associates of the Company, which relationships constitute goodwill of the Company, and the Executive acknowledges and agrees that the Company would be irreparably damaged if the Executive were to take actions that would damage or misappropriate such goodwill. The Executive accordingly covenants and agrees as follows:

  • 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.

  • Noncompetition and Nonsolicitation Executive acknowledges that in the course of his employment with Employer he will become familiar with the Company’s, Employer’s and their respective Subsidiaries’ trade secrets and with other confidential information concerning the Company, Employer and such Subsidiaries and that his services will be of special, unique and extraordinary value to the Company and Employer and such Subsidiaries. Therefore, Executive agrees that:

  • Noncompetition Nonsolicitation and Confidentiality As a material inducement to continue to employ him, Employee agrees to execute the Noncompetition, Nonsolicitation and Confidentiality Agreement attached hereto as Exhibit A, the terms of which are incorporated herein by reference.

  • Confidentiality, Non-Solicitation and Non-Competition The Executive agrees that:

  • 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:

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