Common use of Waiver of Non-Compete Clause in Contracts

Waiver of Non-Compete. Subject to the Executive’s continued compliance with this Agreement and the Release, the Parties acknowledge and agree that the non-competition restrictions in Section 9(b) of the Employment Agreement have been waived as of the Effective Time.

Appears in 3 contracts

Samples: Separation Agreement (Gener8 Maritime, Inc.), Separation Agreement (Gener8 Maritime, Inc.), Separation Agreement (Gener8 Maritime, Inc.)

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Waiver of Non-Compete. Subject to the Executive’s continued compliance with this Agreement and the Initial Release and Reaffirmation Release, the Parties acknowledge and agree that the non-competition restrictions in Section 9(b) of the Employment Agreement have been will be waived as at the conclusion of the Effective TimeWorking Notice Period.

Appears in 1 contract

Samples: Separation Agreement (Gener8 Maritime, Inc.)

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